FCUUF Fission Uranium Corporation (QX)

Fission Hits 24.05m Total Composite "Off-Scale" in 119.5m Total Composite Mineralization (Line 660E) Seven New Holes With "Off-Scale" Mineralization

KELOWNA, BRITISH COLUMBIA--(Marketwired - Apr 24, 2014) - FISSION URANIUM CORP. (TSX-VENTURE:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission" or "the Company") is pleased to announce results from twelve new holes at its PLS property in Saskatchewan's Athabasca Basin, Canada. Of particular note are holes PLS14-215 (line 660E) and PLS14-214 (line 645E). These holes returned 24.05m total composite "Off-scale" (>9999 cps) in 119.5m total composite mineralization and 23.0m total composite "Off-scale" (>9999 cps) in 153.5m total composite mineralization respectively. All twelve holes returned mineralization, with seven holes returning substantial intervals of "off-scale."

Drilling Highlights include:

Hole PLS14-215 (line 660E)

• 119.5m total composite mineralization (between 65.0m - 218.5m) including:
  • 24.05m total composite off-scale (>9999 cps) radioactivity

Hole PLS14-214 (line 645E)

• 153.5m total composite mineralization (between 58.5m - 239.5m) including:
  • 23.0m total composite off-scale (>9999 cps) radioactivity

Hole PLS14-209 (line 510E)

• 96.0m total composite mineralization (between 53.5m - 193.0m) including:
  • 14.21m total composite off-scale (>9999 cps) radioactivity

Hole PLS14-213 (line 810E)

• 74.0m total composite mineralization (between 117.0m - 272.0m) including:
  • 7.74m total composite off-scale (>9999 cps) radioactivity

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

"Ten holes drilled in the R780E zone and ten hits. We are particularly pleased by the shallow depth, strength and width of mineralization encountered in many of the holes. In addition, a second mineralized hole in the new R1620E zone, makes this a promising new target that will require further follow-up. A remarkably strong set of drill results overall and another big step forward for PLS."

The twelve holes announced today represent the completion of the delineation drill program, which consisted of 82 drill holes: 1 hole testing the R00E zone, 1 hole in-between the R00E and R780E zone, 77 holes testing the R780E zone, 1 hole testing the R1155E zone and 2 holes into a new discovery, the R1620E zone.

Important milestones achieved by the Winter 2014 delineation drill program include:

• Merging of R390E, R585E, R780E and R945E zones into a single zone referred to as R780E
• Expansion of R780E zone along strike to the east by 135m (from line 945E to line 1080E)
• Net increase of >135% in strike length of the R780E zone to 855m from the length defined in 2013
• Increase in north-south lateral width of the R780E zone up to 90m on line 780E (from ~40m on line 780E defined in 2013)
• Expansion of lateral north-south width of the R1155E zone to ~20m wide
• Discovery of a new mineralized zone R1620E with 2 holes located 465m to the east of R1155E zone

				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)
PLS14-203		R780E		705E		172		-87		103.5		156.0		52.5		<300 - >9999		NA		59.0		305.0
										161.5		166.0		4.5		<300 - >9999
										179.0		182.5		3.5		<300 - 640
PLS14-204		R00E		135E		330		-87		127.0		127.5		0.5		490		NA		51.7		299.0
PLS14-205		R780E		900E		323		-88		100.0		118.5		18.5		<300 - 820		NA		60.6		421.0
										131.5		175.5		44.0		<300 - >9999
										179.5		192.0		12.5		<300 - 8100
										199.0		204.0		5.0		<300 - 880
										213.0		213.5		0.5		540
										219.0		224.0		5.0		490 - >9999
										229.0		235.5		6.5		740 - >9999
										237.9		243.0		5.1		<300 - >9999
										247.5		287.5		40.0		<300 - >9999
										293.0		309.5		16.5		<300 - 1300
										314.0		319.0		5.0		<300 - 560
										342.5		343.5		1.0		420 - 580
										346.5		349.0		2.5		<300 - 1200
										380.5		381.0		0.5		580
PLS14-207		R780E		750E		328		-81		159.5		169.5		10.0		<300 - 1800		NA		55.5		455.0
										172.0		173.5		1.5		370 - 590
										185.0		204.5		19.5		<300 - 2500
										207.0		208.0		1.0		310 - 340
										229.5		230.5		1.0		320 - 440
										234.5		239.5		5.0		<300 - 710
										248.5		249.5		1.0		400 - 640
										274.5		276.0		1.5		340 - 650
										281.0		288.5		7.5		<300 - 1600
										302.0		303.5		1.5		<300 - 2100
										307.0		314.0		7.0		<300 - 3200
										325.5		328.0		2.5		410 - 3100
										345.5		348.5		3.0		<300 - 970
										354.0		355.5		1.5		520 - 1200
										384.0		384.5		0.5		470
										387.0		388.0		1.0		430 - 530
										419.5		420.0		0.5		730
										425.5		426.0		0.5		980
										431.5		432.0		0.5		580
										453.5		454.0		0.5		680
PLS14-208		R1620E		1620E		241		-89		78.0		116.5		38.5		<300 - 3500		NA		58.8		407.0
										133.0		134.5		1.5		310 - 2500
										305.0		305.5		0.5		310
PLS14-209		R780E		510E		338		-82		53.5		55.0		1.5		310 - 1000		NA		52.8		272.0
										62.0		63.0		1.0		460 - 690
										74.0		77.5		3.5		<300 - 790
										81.5		147.0		65.5		<300 - >9999
										149.5		160.5		11.0		<300 - >9999
										167.0		174.5		7.5		<300 - 4200
										178.5		182.0		3.5		<300 - 3500
										190.5		193.0		2.5		<300 - 1200
PLS14-210		R780E		630E		333		-81		96.0		97.0		1.0		310 - 460		NA		60.6		299.0
										100.0		104.5		4.5		<300 - 430
										107.0		121.5		14.5		<300 - 1600
										131.0		136.5		5.5		<300 - 560
										140.0		151.0		11.0		<300 - 1400
										155.0		160.0		5.0		<300 - 1200
										167.5		169.0		1.5		<300 - 370
										181.0		181.5		0.5		300
										184.0		185.5		1.5		330 - 1200
										190.5		191.5		1.0		390 - 590
										197.0		198.0		1.0		330 - 420
										205.0		215.0		10.0		<300 - 7800
										219.0		222.5		3.5		<300 - 3300
										226.0		232.0		6.0		460 - 8200
										235.5		237.0		1.5		<300 - 430
										249.0		249.5		0.5		300
PLS14-211		R780E		870E		341		-88		70.0		76.0		6.0		<300 - 960		NA		59.0		413.0
										79.5		108.0		28.5		<300 - 1100
										111.5		121.0		9.5		<300 - 1200
										123.5		140.5		17.0		<300 - 3000
										143.5		150.0		6.5		<300 - 1400
										155.0		190.0		35.0		<300 - 6400
										194.0		196.5		2.5		300 - 3100
										200.0		208.0		8.0		400 - >9999
										212.5		214.5		2.0		540 - 740
										217.0		220.0		3.0		<300 - 3700
										225.5		229.5		4.0		<300 - 680
										233.0		236.0		3.0		<300 - 870
										258.0		259.0		1.0		400 - 500
										269.0		269.5		0.5		600
										286.0		287.0		1.0		330 - 400
										290.0		290.5		0.5		350
										294.0		297.0		3.0		<300 - 570
PLS14-213		R780E		810E		334		-76		117.0		126.5		9.5		<300 - 3900		NA		56.0		311.0
										147.0		181.5		34.5		<300 - >9999
										185.5		189.0		3.5		<300 - 5400
										197.0		200.5		3.5		350 - 5400
										212.0		215.5		3.5		<300 - 4100
										221.0		221.5		0.5		5900
										229.5		232.5		3.0		<300 - 1500
										236.5		240.5		4.0		<300 - >9999
										251.0		254.5		3.5		<300 - 1100
										260.0		261.0		1.0		740 - 1100
										264.5		272.0		7.5		<300 - 1100
PLS14-214		R780E		645E		193		-87		58.5		64.0		5.5		<300 - 330		NA		57.0		413.0
										66.5		177.0		110.5		<300 - >9999
										179.5		184.0		4.5		<300 - 1200
										189.5		210.5		21.0		<300 - >9999
										215.5		224.0		8.5		<300 - 1000
										236.0		239.5		3.5		<300 - 540
PLS14-215		R780E		660E		321		-79		65.0		143.0		78.0		<300 - >9999		NA		65.0		299.0
										145.5		155.5		10.0		<300 - >9999
										160.5		165.5		5.0		<300 - >9999
										172.5		181.5		9.0		<300 - 1900
										185.5		196.0		10.5		<300 - >9999
										202.5		206.0		3.5		<300 - 840
										215.0		218.5		3.5		<300 - 850
PLS14-216		R780E		690E		328		-84		217.0		225.5		8.5		<300 - 9900		NA		58.0		347.0

It should be noted that the downhole gamma log in hole PLS14-213 was completed only to 169.7m, within the main mineralized interval. Post completion of the hole, drill rods were stuck in the hole blocking further progress of the probe. However hand scintillometer radioactivity measurements were taken throughout and as is standard practice, assays will confirm the grade of the mineralization.

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, and now in addition associated with the eastern PL-3C conductor.

R600W Zone (line 615W - 585W)

The R600W zone is located approximately 510m grid west of the westernmost defined edge of the R00E Zone. Presently defined by 5 holes, the R600W zone has a strike length (grid east-west) of 30m and a lateral width of 30m.

R00E Zone (line 075W - line 090E):

The R00E zone is the discovery zone at PLS. Presently defined by 32 holes, the R00E zone has a strike length (grid east-west) of approximately 165m and a lateral width (grid north-south) of up to approximately 45m (line 030W).

R780E Zone (line 225E - line 1080E):

The R780E zone is located approximately 135m grid east of the easternmost defined edge of the R00E zone. Presently defined by 124 holes, the R780E zone has a strike length (grid east-west) of approximately 855m and a lateral width (grid north-south) of up to approximately 95m (line 780E).

R1155E Zone (line 1155E):

The R1155E zone is located approximately 75m grid east of the easternmost defined edge of the R780E zone. Presently the R1155E zone is defined by 3 mineralized holes, the strongest being the most recent hole, PLS14-190.

R1620E Zone (line 1620E):

The R1620E zone is located approximately 465m grid east of the easternmost defined edge of the R780E zone and is associated with the PL-3C conductor. As defined by ground Small Loop Time Domain Electromagnetic (SMLTDEM) geophysics survey, there is a ~250m gap between the eastern terminous of the PL-3B conductor on line 1200E and the western terminous of the PL-3C conductor on line 1450E. Presently the R1620E zone is defined by two mineralized holes both drilled on line 1620E. PLS14-208 was collared 10m south of PLS14-196. PLN14-196 targeted conductor PL-3C, the suspected 1.3km-long strike extension of the mineralized PL-3B conductor, at an interpreted NNE-SSW trending cross-fault located near its western end. This target was upgraded due to the presence of a coincident subtle single point radon in water anomaly.

Fission has completed the Winter 2014 delineation drill program with a total of 82 holes. Approximately 85% of the holes drilled this winter were designed to assist in delineation of the main mineralized trend between lines 015E and 1155E utilizing 4 diamond drill rigs.

Updated maps and files can be found on the Company's website at http://fissionuranium.com/project/pls/overview/.

Natural gamma radiation in drill core that is reported in this news release was measured in counts per second (cps) using a hand held Exploranium GR-110G total count gamma-ray scintillometer. The reader is cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the rock sample measured, and should be used only as a preliminary indication of the presence of radioactive materials. The degree of radioactivity within the mineralized intervals is highly variable and associated with visible pitchblende mineralization. All intersections are down-hole, core interval measurements and true thickness is yet to be determined.

All holes are planned to be radiometrically surveyed using a Mount Sopris 2GHF-1000 Triple Gamma probe, which allows for more accurate measurements in high grade mineralized zones. The Triple Gamma probe is preferred in zones of high grade mineralization.

Split core samples from the mineralized section of core will be taken continuously through the mineralized intervals and submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for analysis, which includes U3O8 (wt %) and fire assay for gold. All samples sent for analysis will include a 63 element ICP-OES, uranium by fluorimetry and boron. Assay results will be released when received.

Patterson Lake South Property

The 31,039 hectare PLS project is 100% owned and operated by Fission Uranium Corp. PLS is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine and passes through the nearby UEX-Areva Shea Creek discoveries located 50km to the north, currently under active exploration and development.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Ross McElroy, P.Geol. President and COO for Fission Uranium Corp., a qualified person.

About Fission Uranium Corp.

Fission Uranium Corp. is a Canadian based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property and is headquartered in Kelowna, British Columbia. Common Shares are listed on the TSX Venture Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S. under the symbol "FCUUF."

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 and Fission Uranium 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Fission Uranium Corp.Rich MatthewsInvestor RelationsTF: 877-868-8140rich@fissionuranium.comwww.fissionuranium.com