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Fission Hits 16.80m Total Composite "Off-scale" in 82.5m Total Composite Mineralization (line 855E) Plus Six More With "Off-scale"

KELOWNA, BRITISH COLUMBIA--(Marketwired - Apr 7, 2014) - FISSION URANIUM CORP. (TSX VENTURE:FCU)(FCUUF)(2FU.F) ("Fission" or "the Company") is pleased to announce results from seven new holes at its PLS property in Saskatchewan's Athabasca Basin, Canada. Of particular note is hole PLS14-201 (line 855E). With mineralization starting at the shallow depth of 84m, the hole returned 16.80m Total Composite "Off-scale" (>9999 cps) in 82.5m of total composite mineralization. All seven holes encountered wide intervals and "off-scale" mineralization.

Drilling Highlights include:

Hole PLS14-201 (line 780E)

  • 82.5m total composite mineralization (between 84.0m - 340.5m) including:

    • 16.8m total composite off-scale (>9999 cps) radioactivity

Hole PLS14-200 (line 675E)

  • 115.5m total composite mineralization (between 70.0m - 229.0m) including:

    • 16.2m total composite off-scale (>9999 cps) radioactivity

Hole PLS14-197 (line 675E)

  • 60.5m total composite mineralization (between 86.5m - 199.0m) including:

    • 13.6m total composite off-scale (>9999 cps) radioactivity

Hole PLS14-198 (line 705E)

  • 63.0m total composite mineralization (between 58.5m - 248.5m) including:

    • 9.4m total composite off-scale (>9999 cps) radioactivity

Ross McElroy, President, COO, and Chief Geologist for Fission, commented,

"This is an extremely solid set of holes with substantial mineralization as well as off-scale radioactivity returned in every single hole. These results are another strong step forward in the rapid growth of the PLS discovery."

Collar

* Hand-held Scintillometer Results On Mineralized Drillcore (>300 cps / >0.5M minimum)

Sand-
stone

Base-
ment
Uncon-
formity

Total
Drill-
hole

Hole ID

Zone

Grid Line

Az

Dip

From
(m)

To
(m)

Width
(m)

CPS
Peak
Range

From
-
To
(m)

Depth
(m)

Depth
(m)

PLS14-194

R780E

1005E

358

-82.4

149.5

151.5

2.0

NA 62.8 386.0

186.5

191.5

5.0

9999

209.0

209.5

0.5

450

247.0

262.5

15.5

9999

303.5

313.0

9.5

315.5

316.0

0.5

430

335.5

336.5

1.0

340 - 420

PLS14-195

R780E

885E

325

-83

90.0

94.0

4.0

340 - 2200

NA

58.3

419.0

107.0

107.5

0.5

370

117.5

120.5

3.0

124.0

125.5

1.5

129.0

131.5

2.5

138.0

148.0

10.0

150.5

157.0

6.5

159.5

164.0

4.5

169.0

169.5

0.5

350

183.0

184.0

1.0

330 - 530

186.5

187.5

1.0

320 - 450

191.0

193.5

2.5

201.0

207.5

6.5

210.5

215.5

5.0

235.5

235.5

0.0

243.5

248.5

5.0

9999

262.5

267.5

5.0

270.5

277.5

7.0

282.5

287.5

5.0

291.5

303.0

11.5

345.5

346.0

0.5

590

354.5

355.5

1.0

340 - 360

PLS14-197

R780E

675E

333

-82.8

86.5

96.0

9.5

9999

58.1 - 58.7

58.7

284.0

102.0

128.5

26.5

300 - >9999

135.0

137.0

2.0

350 - 560

151.0

154.5

3.5

9999

157.0

170.0

13.0

9999

175.0

178.5

3.5

340 - >9999

182.5

183.0

0.5

1500

197.0

199.0

2.0

PLS14-198

R780E

705E

218

-90

58.5

60.0

1.5

320 - 580

NA

58.1

398.0

76.5

77.0

0.5

1700

83.5

85.5

2.0

780 - 2400

95.0

135.0

40.0

9999

142.0

149.5

7.5

153.0

156.0

3.0

1400 - 6600

163.0

166.5

3.5

173.5

177.0

3.5

239.5

240.5

1.0

430 - 610

248.0

248.5

0.5

310

PLS14-199

R780E

1080E

207.0

225.0

18.0

NA 61.0 486.0

233.5

251.5

18.0

9999

255.5

257.5

2.0

320 - 610

267.0

269.5

2.5

282.0

291.5

9.5

295.0

300.5

5.5

320 - 1600

309.5

310.0

0.5

340

318.5

319.0

0.5

360

333.5

338.0

4.5

380.0

383.5

3.5

300 - 1600

386.5

387.0

0.5

420

406.5

407.0

0.5

320

413.5

415.0

1.5

330 - 1100

PLS14-200

R780E

675E

227

-90

70.0

71.0

1.0

350 - 390

NA

57.8

389.0

74.0

78.5

4.5

410 - 1800

84.0

88.5

4.5

310 - 640

101.5

105.0

3.5

107.5

167.0

59.5

9999

170.0

173.0

3.0

176.0

184.5

8.5

191.5

194.5

3.0

197.0

217.0

20.0

221.0

229.0

8.0

9999

PLS14-201

R780E

855E

327

-83.8

84.0

84.5

0.5

310

101.0

101.5

0.5

500

115.5

117.0

1.5

310 - 480

120.5

121.5

1.0

340 - 380

125.0

179.5

54.5

9999

189.5

191.0

1.5

750 - 1600

203.5

204.5

1.0

310 - 350

209.0

211.5

2.5

580 - >9999

214.5

222.5

8.0

264.5

266.5

2.0

272.5

274.5

2.0

281.0

285.5

4.5

289.0

289.5

0.5

370

294.0

295.5

1.5

580 - 800

337.0

337.5

0.5

360

340.0

340.5

0.5

320

PLS Mineralized Trend Summary

Uranium mineralization at PLS has been traced by core drilling over 2.24km of east-west strike length in five separate mineralized "zones" from line 615W (PLS13-124) to line 1620E (PLS14-196). From west to east, these zones are; R600W, R00E, R780E, R1155E and R1620E. The former R390E, R585 and R945E zones have been merged into the R780E zone by successful winter drilling. Mineralization remains open along strike both to the western and eastern extents. Mineralization is both located within and associated with a metasedimentary lithologic corridor, bounded to the south by the PL-3B basement Electro-Magnetic (EM) Conductor.