Fission Responds to Limited Technical Disclosure Review by BCSC - Seite 2

• Pre-Production capital costs of $1.1 billion
• Open pit mining $363 million (includes dyke, slurry wall, and overburden removal)
• Process plant $198 million
• Infrastructure $117 million
• Indirects $209 million
• Contingency $208 million
• Sustaining capital costs of $189 million (includes completion of overburden stripping, all underground mine capital costs, and tailings dam lifts)
• Reclamation and closure cost of $50 million
• Cash flow from operations of $4.12 billion

Investors are reminded that while these qualifications and assumptions were determined to be reasonable at the time of the PEA report they are based on preliminary information and the actual results and outcomes may differ materially from what is expressed in the PEA.

3. reference the comparative post-tax values from the PEA report noted below:

• base case pre-tax Net Present Value ("NPV") of $1.81 billion, post-tax NPV of $1.02 billion (10% discount rate)
• base case pre-tax Net Cash Flow over the proposed mine life of $4.12 billion, post-tax Net Cash Flow of $2.53 billion
• base case pre-tax Internal Rate of Return ("IRR") of 46.7%, post-tax IRR of 34.2%
• pay back estimated at 1.4 years (pre-tax), pay back at 1.7 year (post-tax).

since disclosing pre-tax economics without also including the comparative post-tax values may substantially overstate the value of the project.

The Company's September 3, 2015 press release announcing the details of the PEA report (the "PEA Release") included a quotation from Ross McElroy, President COO and Chief Geologist for Fission. That quotation is retracted since it might imply that the Company had a feasibility-level study rather than a PEA. Similar concerns have been identified with certain words used in the CEO Article and on the Company's website content. Given the preliminary nature of a PEA that is based upon inferred mineral resources, these words and statements might be potentially misleading. Accordingly the words and statements have been removed from the Company's website. Investors are reminded that the Company's PEA is preliminary in nature and is based on inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves.