Fission Responds to Limited Technical Disclosure Review by BCSC - Seite 3

Non-compliant disclosure of Mineral Resources

The Presentation also disclosed mineral resources without including the following disclosure:

1. a caution that mineral resources that are not mineral reserves do not have demonstrated economic viability, and there is no certainty that the results presented in the PEA will be achieved; and

2. a reference to the Company's September 14, 2015 PEA report entitled "Technical Report on the Preliminary Economic Assessment of the Paterson Lake South Property, Northern Saskatchewan Canada" which is filed on SEDAR at www.sedar.com and which includes:

• a reference to the July 28, 2015 effective date of the mineral resource estimates;
• key assumptions, parameters and methods used to estimate the mineral resources;
• any known legal, political, environmental or other risks that could materially affect the development of the mineral resource.

Reporting Gross In-Situ Metal Value

Slide 14 of the Presentation disclosed gross in-situ metal value on a gold equivalent basis. This disclosure is hereby retracted and the public should not rely upon such disclosure. Disclosure of gross metal value is restricted under NI 43-101 because it does not take into account the operating and capital costs, recovers, smelter costs and other factors relating to the potential mining extraction and recovery of metals which are described in the full PEA report.

The Presentation, CEO Article and certain other disclosure have been removed from the Company's website.

The technical information contained in this news release has been prepared in accordance with NI 43-101 and has been reviewed by Ross McElroy, P. Geol. President and COO for the Company, a qualified person.

ON BEHALF OF THE BOARD

Ross McElroy, President and COO

Cautionary Statement:

Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of Fission including the net present value, metal recoveries, capital costs, operating costs, production, rates of return and payback which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and the Company and Fission Uranium disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.