Fission to Commence 21,000m, $5.5 Million Winter Exploration

Fission to Commence 21,000m, $5.5 Million Winter Exploration Program
at Waterbury Lake 
KELOWNA, BRITISH COLUMBIA -- (Marketwire) -- 01/07/13 -- FISSION
"Company") and its Limited Partner, the Korea Waterbury Uranium
Limited Partnership ("the Waterbury Consortium"), are pleased to
announce that a $5.5 million winter exploration program will commence
in early January 2013 at its 40,256 ha Waterbury Lake uranium
project, located in the eastern part of the Athabasca Basin. The
program plan calls for a drill program of 21,000m over 60 drill
Winter 2013 Exploration Program Summary 
The following summary outlines Fission's winter 2013 exploration

--  $5.5 million program approved by the Limited Partnership 
--  Utilizing three drill rigs, sixty drill holes totalling an estimated
    21,000m are planned. Drilling will occur at the J Zone high grade
    uranium discovery. 

J Zone Remains Primary Focus  
The primary focus of this forthcoming program will be to continue
delineating and defining the J Zone's high grade unconformity
mineralization, in addition to the basement mineralization found
throughout, particularly in the western part of the J-Zone. 
Three drills will be dedicated to the drilling program, testing the J
Zone in Areas A, B and C with a grid drilling program, systematically
delineating the mineralization on each line. J-Zone delineation holes
will be drilled from both land and lake collars, predominantly
drilling angled holes. Bryson Drilling of Archerwill, SK has been
awarded the drilling contract. 
Fission is the Operator of the program, which is expected to be
completed by spring break-up 2013. Results will be announced when
available. An updated map highlighting the planned 2013 winter drill
program, in addition to the final results of the summer 2012 program
can be found on the Company's website at  
Fission Energy and the Waterbury Consortium budgeted C$30 million for
exploration at Waterbury Lake over a three year period. The three
year budget will be completed by the Winter 2013 program. Plans for
the future development of the property are currently being outlined
by the joint venture partners. 
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 Energy Corp., a
qualified person. 
FISSION ENERGY 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 ENERGY CORP. Common Shares are listed on
the TSX Venture Exchange under the symbol "FIS", and trade on the
OTCQX International electronic trading system in the United States
under the symbol "FSSIF".  
Korea Waterbury Uranium Limited Partnership ("Waterbury Consortium")
is a consortium primarily comprised of Korean-based companies. The
Consortium is led by Korea Electric Power (KEPCO). Other
participating companies include: Korea Hydro & Nuclear Power, Korea
Nuclear Fuel Co., Hanwha Corp. and Gravis Capital Corp., a private
Canadian uranium investment company.  
Fission Energy owns 60% and the Korea Waterbury Uranium Limited
Partnership owns 40% of the Waterbury Lake Uranium Limited
Korea Electric Power Corporation (KEPCO) is a Korean
government-invested diversified energy company with over $83-billion
(U.S.) in assets. The company is involved in the generation,
transmission and distribution of electrical power from nuclear,
hydro, coal, oil and LNG sources worldwide. Korea Electric Power
provides electricity to almost all households in Korea and operates
20 nuclear power plants in the country with six more under
development. The company has over 30,000 employees and is listed on
the Korean Stock Exchange and the New York Stock Exchange.
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
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 Energy Corp.
Rich Matthews
Investor Relations
TF: 877-868-8140
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