Fission Hits 6.1m Total Composite "Off-Scale" in 134m Total Composite Mineralization (Line 780E)

KELOWNA, BRITISH COLUMBIA--(Marketwired - Feb 10, 2014) - FISSION URANIUM CORP. (TSX VENTURE:FCU)(FCUUF)(2FU.F) ("Fission" or "the Company") is pleased to announce results from the latest seven holes of the winter program at its PLS property in Saskatchewan's Athabasca Basin, Canada. All seven holes returned strong, wide intervals of mineralization. Of particular note is hole PLS14-132 (line 780E), which intersected 6.1m Total Composite "Off-Scale" in 134m Total Composite Mineralization.

Drilling Highlights include:

  • PLS14-132 (line 780E)

    • 134.0m total composite mineralization in a 191.5m section (71.5m - 263.0m)including:

      • 6.1m total composite off-scale (>9999 cps) radioactivity

  • PLS14-131 (line 780E)

    • 125.5m total composite mineralization in a 275.0m section (145.0m - 420.0m) including:

      • 1.90m total composite off-scale (>9999 cps) radioactivity

  • PLS14-136 (line 585E)

    • 49.5m total composite mineralization in a 198.0m section (86.5m - 284.5m) including:

      • 2.26m total composite off-scale (>9999 cps) radioactivity

In addition to thick intervals of mineralization, six of the seven holes intersected off-scale radioactivity. Altogether, the holes have doubled the lateral width (north-south) from 10m to approximately 20m on section lines of zones R390E (line 465E), R585E (line 600E) and R945E (line 960E). In addition, the width of zone R780E has increased to approximately 70m north-south on line 780E and approximately 30m on line 810E.

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

"We are very pleased with the strength and width of mineralization from the latest batch of holes at PLS. Equally promising is the expanding width of delineated mineralization and the continued 100% hit rate of the drill program."

Hole Summary

Collar

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

Sand-stone

Basement 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)

PLS14-130

R380E

345E

290

-89.6

67.0

98.5

31.5

9999

49.9 - 50.3

50.3

317.0

101.0

103.0

2.0

300

108.0

124.0

16.0

300 - 5600

131.0

134.5

3.5

142.0

146.5

4.5

9999

152.0

157.5

5.5

162.0

164.5

2.5

183.0

187.0

4.0

194.5

197.5

3.0

320 - 3500

PLS14-131

R780E

780E

199

-87.3

145.0

145.5

0.5

580

NA

55.5

494.0

162.0

163.5

1.5

166.0

231.5

65.5

9999

234.5

263.0

28.5

9999

265.5

266.0

0.5

2200

274.5

275.0

0.5

4200

300.0

300.5

0.5

360

307.5

311.0

3.5

314.0

314.5

0.5

400

317.0

317.5

0.5

420

321.0

323.5

2.5

380 - 1800

329.5

330.0

0.5

550

340.0

340.5

0.5

320

364.0

368.0

4.0

373.5

375.0

1.5

700 - 1400

377.5

380.5

3.0

383.0

384.0

1.0

2900

389.0

398.0

9.0

403.0

403.5

0.5

300

419.0

420.0

1.0

380 - 2600

PLS14-132

R780E

810E

292

-83.7

71.5

85.5

14.0

9999

NA

55.5

437.0

89.0

125.5

36.5

131.5

179.5

48.0

9999

182.5

188.5

6.0

9999

212.0

212.5

0.5

560

216.0

236.5

20.5

9999

239.0

242.0

3.0

252.5

254.0

1.5

420 - 640

259.0

263.0

4.0

PLS14-133

R390E

315E

259.4

-85.8

63.0

68.0

5.0

NA 50.4 401.0

93.0

102.0

9.0

116.5

126.5

10.0

129.5

137.5

8.0

141.0

141.5

0.5

310

144.0

146.0

2.0

300 - 2900

149.0

149.5

0.5

750

153.5

154.5

1.0

390 - 520

162.0

164.0

2.0

510 - >9999

167.0

180.5

13.5

9999

184.0

206.0

22.0

239.0

240.5

1.5

1100 - 2300

244.0

244.5

0.5

340

286.0

286.5

0.5

410

317.0

318.0

1.0

460 - 940

PLS14-134

R390E

465E

209

-89.0

54.5

55.0

0.5

360

52.8 - 53.4

53.4

320.0

143.0

162.5

19.5

167.0

168.5

1.5

340 - 780

171.0

187.5

16.5

PLS14-135

R945E

960E

70

-86.9

104.5

105.0

0.5

650

NA

58.5

386.0

116.0

124.5

8.5

136.0

175.0

39.0

177.5

178.0

0.5

310

182.0

182.5

0.5

570

187.5

190.5

3.0

330 - >9999

193.5

195.0

1.5

300 - 370

210.5

212.5

2.0

216.5

217.0

0.5

330

231.0

232.0

1.0

680 - 2600

235.0

241.5

6.5

244.5

245.0

0.5

380

258.5

261.5

3.0

265.5

269.5

4.0

272.5

274.0

1.5

320 - 340

277.0

277.5

0.5

330

283.0

289.0

6.0

292.0

292.5

0.5

390

296.0

296.5

0.5

330

323.5

324.0

0.5

710

348.5

349.0

0.5

350

352.0

352.5

0.5

310

PLS14-136

R585E

600E

275

-86.2

86.5

87.0

0.5

560

NA

54.2

317.0

106.5

107.0

0.5

370

112.0

113.0

1.0

340

119.0

160.0

41.0

9999

188.5

191.5

3.0

195.5

196.0

0.5

320

208.5

209.5

1.0

960 - 2000

220.0

221.5

1.5

620 - 1200

284.0

284.5

0.5

400

Line 315E:

  • Drillhole PLS14-133 was collared as a vertical hole and drilled to a depth of 401.0m. The collar is located approximately 10m grid south of PLS13-083. Basement was intersected at 50.4m. A quartzitic gneiss is present from 50.4m to 105.6m. From 105.6m to 364.3m lithology is dominantly pelitic gneiss (alternating intervals if graphitic/sulphides and garnetiferous) with several intervals of undifferentiated mylonite (from 1.7mto 6.1m wide). A Diabase unit was intersected from 364.3m to 379.1m. From 379.1m to 401.0m (EOH) a semipelitic gneiss dominates. Anomalous radioactivity occurs from 63.0m within the quartzitic gneiss. A total composite of 77.0m of mineralization within a 255.0m section (63.0m to 318.0m) occurs in fifteen variably radioactive mineralized intervals ranging in width from 0.5m to 22.0m, separated by unmineralized intervals ranging in width from 2.5m to 41.5m. A total composite of 0.92m of off-scale radioactivity occurs in three discrete intervals ranging from 0.16m to 0.59m wide.