Selasa, 18 Juni 2013

...... The decision to advance exploration plans is a result of the completion of the Alberta Government's Lower Athabasca Regional Plan (LARP). The North Shore project now consists of 17 Metallic and Industrial Mineral Permits ("MAIM") totaling approximately 55,160 ha. Since December 2010, Fission has been granted a work assessment deferral, pending the results of the LARP Conservation Areas decision. Exploration plans are being advanced for the summer 2013 period, to include a high resolution airborne radiometric survey and followed up by ground prospecting, geophysics, and radon surveys in high priority areas. Property Highlights include:..>> ...FISSION URANIUM CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia. Fission Uranium Corp's Common Shares are listed on the TSX Venture Exchange under the symbol "FCU". ..>> ..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". ..>> ..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. ..>> ,, Manitou Falls: Single claim of 2,941 ha located on the northeastern side of the Athabasca Basin. The eastern side of the Athabasca Basin is significant as it is home to all of Canada's current production of uranium. The property benefits from a large amount of historical data from surveys and ground prospecting work that has identified six radiometric anomalies and multiple conductors. >> ..Thompson Lake: Single claim of 1,188 ha is located approximately 15km west of Uranium City and is situated geologically approximately 10km north of the north-central area of the Athabasca Basin, approximately 5km west of the historic Lorado mine, where 89 tons of uranium were produced. The historic Gulch uranium deposit, reported at 310,000 tons of possible reserves at 0.09% U3O8 (SK ECON, Saskatchewan Mining Deposit Database) lies 2.5km to the south-west on strike of the property 15km from Uranium City. Previous exploration has identified numerous uranium showings including outcrop grab sample assays at this property include 2.23% and 0.11% U3O8. ..>>..Beaver River: Six claims totalling 15,373 ha located on the north-central edge of the Basin. The property includes most of the known electro-magnetic (EM) conductors in the area and a number of uranium showings including surface outcrop sample assays of 3.66%, 3.37%, and 2.93% U3O8. The Company considers this property to be highly prospective and aims to begin ground exploration work this summer in order to identify drill targets for a winter drill program. ...>>...Assay Highlights include: Zone R00E Hole PLS13-067 (line 045E) intersected: 6.0m (61.5m-67.5m) of 4.80% U3O8 including: Zone R390E Hole PLS13-061 (line 360E) intersected: 23.5m (110.0m-133.5m) of 1.39% U3O8, including: 6.0m (126.0m-132.0m) of 4.34% U3O8 Hole PLS13-066 (Line 420E) intersected: 63.5m (82.5m-145.5m) of 1.15% U3O8, including: 2.0m (133.0m-135.0m) of 9.51% U3O8 Zone R780E Hole PLS13-060 (Line 780E) intersected: 7.0m (144.0m-1151m) of 1.22% U3O8, including: >> ...R390E Zone Assays reported for eight vertical collared holes in this news release (PLS13-044, 046, 061, 062, 064, 066, 068 and 070) represent close spaced delineation drilling on lines 360E, 375E, 390 E, 405E and 420E of the R390E Zone. As is the case with the R00E zone, R390E mineralization is spatially located proximal to the north of the PL-3B basement EM conductor and situated within a well-defined resistivity low corridor. ..>>

Fission, the Operator, Reports Remaining Assays on R00E, R390E and R780E Zones at PLS

fission-the-operator-reports-remaining-assays-on-r00e-r390e-and-r780e-zones-at-pls
KELOWNA, BRITISH COLUMBIA--http://www.juniorminingnetwork.com/junior-miner-news/news-releases/631-tsx-venture/fcu/13843-fission-the-operator-reports-remaining-assays-on-r00e-r390e-and-r780e-zones-at-pls.html

(Marketwired - June 5, 2013) - http://www.juniorminingnetwork.com/junior-miner-news/news-releases/631-tsx-venture/fcu/13843-fission-the-operator-reports-remaining-assays-on-r00e-r390e-and-r780e-zones-at-pls.html

FISSION URANIUM CORP. (the "Company" or "Fission") (TSX VENTURE:FCU)(FRANKFURT:2FU), the operator, and its 50% Joint Venture partner Alpha Minerals Inc., are pleased to report assay results from the remaining seventeen drill holes from the winter program at its Patterson Lake South (PLS) Property. The new results show continuous areas of broad uranium mineralization at shallow depth in all three PLS zones. Of particular note is hole PLS13-066 which returned an interval of 63.5m at 1.15% U3O8, including 2m at 9.51%. 

These assays are the final results from the winter 2013 exploration program which saw a drill strike rate of 82% in the discovery of two new mineralized uranium zones (R390E, R780E), and significant growth of the R00E zone. 

Ross McElroy, President, COO, and Chief Geologist for Fission, commented,
"The Winter program at PLS represents one of the most impressive uranium exploration programs I've ever seen or been a part of. With some huge intersections and high grades these results are a great end to the Winter program and a promising prelude to the Summer exploration program."


Assay Highlights include:
Zone R00E
  • Hole PLS13-067 (line 045E) intersected:
    • 6.0m (61.5m-67.5m) of 4.80% U3O8 including:
Zone R390E
  • Hole PLS13-061 (line 360E) intersected:
    • 23.5m (110.0m-133.5m) of 1.39% U3O8, including:
    • 6.0m (126.0m-132.0m) of 4.34% U3O8
  • Hole PLS13-066 (Line 420E) intersected:
    • 63.5m (82.5m-145.5m) of 1.15% U3O8, including:
    • 2.0m (133.0m-135.0m) of 9.51% U3O8
Zone R780E
  • Hole PLS13-060 (Line 780E) intersected:
    • 7.0m (144.0m-1151m) of 1.22% U3O8, including:
R00E Zone
Assays reported for four vertical collared holes in this news release represent close spaced delineation drilling on lines 045E and 060E of the R00E zone. Interpretation thus far shows mineralization to be primarily focused in a footwall steeply south dipping package of E-NE trending pelitic gneiss, sandwiched between a semi-pelitic rock to the north and a quartz-feldspar gneiss to the south. 

Delineation drilling has also shown mineralization to cross lithological boundaries into the footwall and hanging wall adjacent the pelitic gneiss. This lithologic package appears to be parallel along strike to the ~073° oriented basement EM conductor identified from airborne and ground geophysics surveys. 

As was the case with previous drill results from the R00E zone, the main mineralized horizon appears to be structurally controlled and generally flat lying within the pelitic (+/- graphite) unit, with the upper level of the mineralized zone occurring at or near the top of the Archean basement rocks, either within or immediately below a thin veneer or Devonian sandstone (see cross-sections lines 045E and 060E. 

Mineralization has been traced northward extending into the semi-pelitic package on sections L025W, 040W and 060W) and remains untested on the other sections.

Table 1: R00E Zone - Composited Mineralized Intervals (Down-hole measurements)
Zone Hole ID Grid
Line
From
(m)
To
(m)
Interval
(m)
U3O8
(wt%)
R00E PLS13-065 060E 51.00 53.50 2.50 0.12

PLS13-067 045E 50.50 52.00 1.50 0.09



61.50 67.50 6.00 4.63



63.50 67.50 4.00 6.86



110.00 110.50 0.50 0.05

PLS13-069 045E 52.00 53.50 1.50 0.36



100.50 101.50 1.00 0.06

PLS13-071 045E No significant mineralization
Composite Parameters

1. Minimum Thickness: 0.50m

2. Grade Cut-Off: 0.05 U3O8 (wt%)

3. Maximum Internal Dilution: 2.00m


R390E Zone
Assays reported for eight vertical collared holes in this news release (PLS13-044, 046, 061, 062, 064, 066, 068 and 070) represent close spaced delineation drilling on lines 360E, 375E, 390 E, 405E and 420E of the R390E Zone. As is the case with the R00E zone, R390E mineralization is spatially located proximal to the north of the PL-3B basement EM conductor and situated within a well-defined resistivity low corridor. 

Drillhole interpretation thus far defines the area of highest grade mineralization to be associated with a steeply south dipping pelitic (+/- graphitic) lithology sandwiched between a semipelitic gneiss to the north and a quartz-feldspar gneiss to the south, where the mineralization is focused primarily near the contact between the pelitic gneiss and quartz-feldspar gneiss. 

Holes drilled on sections 390E have encountered weak mineralization in the footwall semipelitic rocks to the north (PLS13-068 and 070) and the hanging wall quartzitic gneiss to the south (PLS13-46). This lithologic package appears to be parallel along strike with that of the R00E Zone.

Most significant are the results of holes PLS13-061 (located 15m grid west of hole PLS13-053) and PLS13-066 (located 15m grid east of hole PLS13-066). Hole 061 (line 360E) shows the uranium to be concentrated within two zones: a) an upper 21.0m wide interval (77.0m - 88.0m) that averages 0.26% U3O8 and a higher grade lower 23.5m wide interval (110.0m - 133.5m) that averages 1.39% U3O8. Hole PLS13-066 (line 420E) shows the uranium to be concentrated in 1 continuous 63.5m interval (82.0m - 145.5m) that averages 1.15% U3O8 and includes several high-grade sub-intervals from 2.0m to 6.0m wide.

Table 2: R00E Zone - Composited Mineralized Intervals (Down-hole measurements)
Zone Hole ID Grid
Line
From
(m)
To
(m)
Interval
(m)
U3O8
(wt%)
R390E PLS13-044 390E 56.00 73.00 17.00 0.24



60.00 61.00 1.00 1.24



77.00 83.00 6.00 0.32



86.00 89.50 3.50 0.38



96.50 103.50 7.00 0.46



101.00 102.50 1.50 1.36

PLS13-046 390E 96.50 98.00 1.50 0.13



127.50 129.00 1.50 0.04



206.50 207.50 1.00 0.15



239.00 240.00 1.00 0.14



243.50 244.00 0.50 0.16

PLS13-061 360E 77.00 98.00 21.00 0.26



92.50 97.50 5.00 0.75



102.50 103.50 1.00 0.25



110.00 133.50 23.50 1.39



126.00 132.00 6.00 4.34



137.50 140.00 2.50 1.17

PLS13-062 375E 51.00 55.00 4.00 0.36



86.00 98.50 12.50 0.19

PLS13-064 405E 83.50 84.50 1.00 0.29



90.50 91.50 1.00 0.11



95.00 96.00 1.00 0.06



110.50 121.00 10.50 0.08



125.50 136.00 10.50 0.43



130.00 132.00 2.00 1.37

PLS13-066 420E 82.00 145.50 63.50 1.15



88.00 90.50 2.50 4.50



101.00 107.50 6.50 2.60



122.00 124.00 2.00 2.14



133.00 135.00 2.00 9.51

PLS13-068 390E 96.00 111.00 15.00 0.26



116.00 117.00 1.00 0.10

PLS13-070 390E 85.50 89.00 3.50 0.13
Composite Parameters
1. Minimum Thickness: 0.50m
2. Grade Cut-Off: 0.05 U3O8 (wt%)
3. Maximum Internal Dilution: 2.00m

R780E Zone
Assays reported for three vertical collared holes in this news release (PLS13-048, 055 and 060) represent close spaced delineation drilling on line 780E. The R780E zone discovery was the result of follow-up by drilling of a radon in water anomaly identified during the January - February 2013 survey conducted by RadonEx Exploration Management. The radon anomaly is on trend to the E-NE from the R00E and R390E zones, and is situated close to the east end of the PL-3B EM conductor and associated resistivity low corridor that is inferred to be terminated by a cross cutting structure. 

Similar to the R00E and R390E Zones, interpretation of mineralization in R780E, shows that mineralization is primarily focused within the graphitic pelitic rock, but in all three holes, mineralization continues across the footwall semipelite contact. The most northerly hole, PLS13-048 intersected mineralization entirely within the footwall semipelitic rocks.

The best developed mineralized zones were returned from hole PLS13-060, which had a total of 11 discontinuous intervals from 0.5m - 15.5m wide within 124.5m (133.5m - 258.0m). The strongest interval of mineralization was from a 7.0m interval (144.0m - 151.0m) that averaged 1.22% U3O8, including a higher grade 2.5m wide core (146.5m - 149.0m) at 3.0% U3O8.
Table 3: R00E Zone - Composited Mineralized Intervals (Down-hole measurements)
Zone Hole ID Grid
Line
From
(m)
To
(m)
Interval
(m)
U3O8
(wt%)
R780E PLS13-048 780E 155.00 164.50 9.50 0.08



167.00 173.50 6.50 0.18



176.00 177.00 1.00 0.07

PLS13-055 780E 109.50 114.00 4.50 0.40



117.00 118.00 1.00 0.15



141.50 145.50 4.00 0.40



166.00 176.00 10.00 0.57



173.50 176.00 2.50 1.87



192.00 192.50 0.50 0.39

PLS13-060 780E 133.50 141.00 7.50 0.18



144.00 151.00 7.00 1.22



146.50 149.00 2.50 3.00



154.00 156.50 2.50 0.13



159.50 175.00 15.50 0.20



183.00 189.50 6.50 0.39



193.50 196.50 3.00 0.14



203.50 209.00 5.50 0.36



212.00 216.50 4.50 0.36



221.00 226.50 5.50 0.11



247.50 248.00 0.50 0.20



257.50 258.00 0.50 0.38
Composite Parameters
1. Minimum Thickness: 0.50m
2. Grade Cut-Off: 0.05 U3O8 (wt%)
3. Maximum Internal Dilution: 2.00m 

Regional Tests
Two drill holes tested regional targets further along trend and on a parallel conductor to the north. 

Line 2190E - PLS13-057 was targeted as a follow-up test to hole PLS13-040 (see news release March 11, 2013), which was targeted on an EM conductor and coincident intense resistivity low located ~2.2km to the east of the R00E Zone. Hole 040 was interpreted to be analogous to the northern semipelitic unit which bounds mineralization further to the west in R780E. Hole 057 was drilled to test further to the south where it was interpreted to be in the pelitic corridor. However no pelite was encountered in hole 057 and no associated mineralization. Overall uranium values are low, ranging from <2ppm to 5ppm.

Line 990E - PLS13-063 was targeted based on a limited radon anomaly coincident with one of the central EM conductors and a resistivity low. Basement rock was encountered at 54.5m. A favorable sequence of alternating pelitic and semi-pelitic gneiss was intersected from 54.5m - 163.7m (end of hole). A Diabase unit was intersected from 128.7m - 132.4m. Overall uranium values are low, ranging from <2ppm to 13 ppm.
Composited U3O8 mineralized intervals are summarized in Table 4 below. 

Table 4: R00E Zone - Composited Mineralized Intervals (Down-hole measurements)
Zone Hole ID
Grid
Line
From
(m)
To
(m)
Interval
(m)
U3O8
(wt%)
Regional PLS13-057 2190E No signficant mineralization

PLS13-063 990E No signficant mineralization
Composite Parameters
1. Minimum Thickness: 0.50m
2. Grade Cut-Off: 0.05 U3O8 (wt%)
3. Maximum Internal Dilution: 2.00m 

Composited U3O8 mineralized intervals are summarized in Tables 1-4. Samples from the drill core are split in half on site. Most samples are standardized at 0.5m down-hole intervals. One-half of the split sample is sent to the laboratory for analysis and the other half remains on site for reference. All intersections are down-hole, core interval measurements and true thickness are yet to be determined. 

Split core samples were submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for assay analysis, which includes a 63 element ICP-OES, uranium by fluorimetry (partial digestion), and boron. Samples within mineralized intervals and any samples which return >500ppm U, are assayed for weight % U3O8, as well as fire assayed for gold. Further assay results will be released when received.

Patterson Lake South Property
The 31,039 hectare PLS project is a 50%/50% Joint Venture held by Fission Uranium Corp. and Alpha Minerals Inc (AMW). Fission Uranium Corp is the Operator. PLS is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine, (>60M lbs of U3O8 produced), and passes through the nearby UEX-Areva Shea Creek discoveries located 50km to the north, currently under active exploration and development. Updated maps and assay tables can be found on Fission Uranium Corp's website at http://www.fissionuranium.com/projects/patterson-lake-south-sk/

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.

FISSION URANIUM CORP. is a Canadian-based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia. Fission Uranium Corp's Common Shares are listed on the TSX Venture Exchange under the symbol "FCU".

This press release contains "forward-looking information" that is based on Fission's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Fission's development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Fission's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. 

Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. 

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Fission disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

ON BEHALF OF THE BOARD
Ross McElroy, President & COO
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 Matthews
Investor Relations
877-868-8140
ir@fissionuranium.com
www.fissionuranium.com

Fission Acquires 100% of 15,373 ha Uranium Property With High Grade Showings on Surface Over 3% U3O8

fission-acquires-100-of-15-373-ha-uranium-property-with-high-grade-showings-on-surface-over-3-u3o8
KELOWNA, BRITISH COLUMBIA--http://www.juniorminingnetwork.com/junior-miner-news/news-releases/631-tsx-venture/fcu/13701-fission-acquires-100-of-15-373-ha-uranium-property-with-high-grade-showings-on-surface-over-3-u3o8.html

(Marketwired - June 3, 2013) - FISSION URANIUM CORP. ("Fission" or "the Company") (TSX VENTURE:FCU)(FRANKFURT:2FU) is pleased to announce the addition of three new properties, staked by Fission's technical team, in the northwest and northeast Athabasca Basin regions, Canada. 

The newly acquired properties are referred to as Beaver River, Thompson Lake and Manitou Falls respectively. The new acquisitions are part of Fission's objective to stake ground where Uranium mineralization is highly prospective and shallow, as is the case with its recent high grade discoveries at PLS and Patterson Lake (PLN) properties.
Beaver River and Thompson Lakes properties are located in the Beaverlodge district. Between 1953 and 1982 this area produced 25,142 tons of Uranium from 16 operating mines (Saskatchewan Industry and Resources Misc Report 2003-7). The Manitou Falls property is located within the eastern Athabasca Basin, where it overlies the Mudjatic domain basement rocks.

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

"While our primary focus remains expanding the PLS discovery, there are still many underexplored areas of the Athabasca Basin and we consider these new properties to be highly prospective additions to our growing portfolio."
 
Highlights
Beaver River: Six claims totalling 15,373 ha located on the north-central edge of the Basin. The property includes most of the known electro-magnetic (EM) conductors in the area and a number of uranium showings including surface outcrop sample assays of 3.66%, 3.37%, and 2.93% U3O8. The Company considers this property to be highly prospective and aims to begin ground exploration work this summer in order to identify drill targets for a winter drill program. 

Thompson Lake
Single claim of 1,188 ha is located approximately 15km west of Uranium City and is situated geologically approximately 10km north of the north-central area of the Athabasca Basin, approximately 5km west of the historic Lorado mine, where 89 tons of uranium were produced. The historic Gulch uranium deposit, reported at 310,000 tons of possible reserves at 0.09% U3O8 (SK ECON, Saskatchewan Mining Deposit Database) lies 2.5km to the south-west on strike of the property 15km from Uranium City. Previous exploration has identified numerous uranium showings including outcrop grab sample assays at this property include 2.23% and 0.11% U3O8. 

Manitou Falls

Single claim of 2,941 ha located on the northeastern side of the Athabasca Basin. The eastern side of the Athabasca Basin is significant as it is home to all of Canada's current production of uranium. The property benefits from a large amount of historical data from surveys and ground prospecting work that has identified six radiometric anomalies and multiple conductors. 

Updated maps can be found on the Company's website at http://www.fissionuranium.com.

About Fission Uranium Corp.
Fission Uranium Corp. is a Canadian-based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia. Common Shares are listed on the TSX Venture Exchange under the symbol "FCU". 

ON BEHALF OF THE BOARD
Ross McElroy, President & 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 potential spin-out and listing of Fission Uranium and 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 Matthews
Investor Relations
877-868-8140
ir@fissionurnaium.com
www.fissionuranium.com...

Fission Uranium: Summer Program to Follow-Up Surface Uranium Boulders at North Shore, AB

fission-uranium-summer-program-to-follow-up-surface-uranium-boulders-at-north-shore-ab
KELOWNA, BRITISH COLUMBIA--http://www.juniorminingnetwork.com/junior-miner-news/news-releases/631-tsx-venture/fcu/14343-fission-uranium-summer-program-to-follow-up-surface-uranium-boulders-at-north-shore-ab.html

(Marketwired - June 17, 2013) - FISSION URANIUM CORP. (TSX VENTURE:FCU) (FRANKFURT:2FU) (the "Company" or "Fission), is pleased to report an update on its exploration program plan for the highly prospective North Shore project, located in the northwest area of the Athabasca Basin in Alberta. 

The decision to advance exploration plans is a result of the completion of the Alberta Government's Lower Athabasca Regional Plan (LARP). The North Shore project now consists of 17 Metallic and Industrial Mineral Permits ("MAIM") totaling approximately 55,160 ha. 

Since December 2010, Fission has been granted a work assessment deferral, pending the results of the LARP Conservation Areas decision. Exploration plans are being advanced for the summer 2013 period, to include a high resolution airborne radiometric survey and followed up by ground prospecting, geophysics, and radon surveys in high priority areas.
Property Highlights include:
  • Identification of several anomalous uranium showings in boulders and outcrop, including sandstone boulders grading up to 1.39% U3O8
  • Located on the NW edge of the Athabasca Basin, with targets expected to be at shallow depth
Ross McElroy, President, COO, and Chief Geologist for Fission, commented,
"The completion of the LARP will allow us to advance our exploration at the North Shore project. The North Shore fits with Fission's strategy of exploring high priority shallow exploration targets within and around the world premiere Athabasca Basin uranium district. While our primary focus remains expanding the PLS discovery, there are still many underexplored areas of the Athabasca Basin and we consider this property to be an important land package in our growing portfolio."

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.

FISSION URANIUM CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia. Fission Uranium Corp's Common Shares are listed on the TSX Venture Exchange under the symbol "FCU".

This press release contains "forward-looking information" that is based on Fission's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Fission's development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Fission's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Fission disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

ON BEHALF OF THE BOARD
Ross McElroy, President & COO
Fission Uranium Corp.
Rich Matthews
Investor Relations
TF: 877-868-8140
ir@fissionuranium.com
www.fissionuranium.com

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