Fission: 8 Summer Angled Step-Out Holes Hit Off Scale; Zone R780E Widens

Fission: 8 Summer Angled Step-Out Holes Hit Off Scale; Zone R780E Widens  PLS Discovery Widening both North and South; Program Expanding by Ten Holes  KELOWNA, BRITISH COLUMBIA -- (Marketwired) -- 08/18/14 --   FISSION URANIUM CORP. (TSX VENTURE: FCU)(OTCQX: FCUUF)(FRANKFURT: 2FU) ("Fission" or "the Company") is pleased to announce results from nine new angled drill holes of the summer drill program at its PLS property in Canada's Athabasca Basin. Of particular note is PLS14-259 (line 840E), with a total of 98.5m composite mineralization, including 11.0m total composite "off-scale" (greater than 10,000 cps) radioactivity. All nine holes returned wide mineralization, with six returning substantial intervals of greater than 10,000 cps radioactivity. Step-out drilling on the R780E zone has now widened to the north and south: PLS14-259 has expanded the high grade area approximately 15m to the south on line 840E and PLS14-256 expanding the high-grade area approximately 30m to the north on line 525E.   Summer Program to Increase by 10 Holes: The success in expanding the R780E zone laterally north and south has justified an increase of 4,700m to 25,000m. This will allow an additional 10 holes to test for further lateral and strike expansion.   Drilling Highlights Include:  Hole PLS14-259 (line 840E)        --  98.5m total composite mineralization over a 154.0m section (between     111.5m - 266.0m) including:      --  11.0m total composite mineralization of (greater than 10,000 cps)         radioactivity   Hole PLS14-256 (line 525E)        --  104.5m total composite mineralization over a 160.0m section (between     60.0m - 220.0m) including:      --  8.05m total composite mineralization of greater than 10,000 cps         radioactivity   Hole PLS14-247 (line 525E)        --  108.0m total composite mineralization over a 226.0m section (between     62.5m - 288.5m) including:      --  6.62m total composite mineralization of greater than 10,000 cps         radioactivity   Ross McElroy, President, COO, and Chief Geologist for Fission, commented,   "We continue to see remarkable results from PLS, with strongly mineralized angled drill holes widening zone R780E laterally both to the north and south. The program has been so successful that we will be drilling an additional ten holes to test for further north/south widening of the R780E zone. The summer program will therefore include a total of 25,000m in 73 drill holes."   As per news release July 28, 2014 Fission has replaced the GR-110 scintillometer, which measured a maximum of 9,999 cps (referred to as off-scale in all previous PLS drill programs) with the RS-121 scintillometer, which measures up to 65,535 cps for higher resolution readings of strongly anomalous radioactivity.        ----------------------------------------------------------------------- -----                                    (i) Hand-held       Sand-   Base-                                       Scintillometer Results   stone    ment   Total                              On Mineralized Drillcore   From  Uncon-  Drill-                               (greater than 300 cps /      - formity    hole Hole                            greater than 0.5M         To   Depth   Depth  ID     Zone      Collar             minimum)            (m)     (m)     (m)             -----------------------------------------                                                                          CPS                                      Grid            From    To Width   Peak                                      Line  Az   Dip   (m)   (m)   (m)  Range                        ----------------------------------------------------------------------------                                                  less                                                                         than                        PLS14-                                          300 -                         246   R780E  690E 333 -71.0  60.1  71.5  11.4  11000     NA    60.2   316.0                                                  less                                                                         than                                                                        300 -                                                      95.5 104.5   9.0   8900                                                                         less                                                                         than                                                                        300 -                                                     107.5 114.0   6.5   8900                                                     130.0 130.5   0.5    800                                                                         less                                                                         than                                                                        300 -                                                     137.5 145.0   7.5   1900                                                                        360 -                                                     147.5 154.0   6.5   6000                                                                         less                                                                         than                                                                        300 -                                                     160.0 169.0   9.0   1400                        ---------------------------------------------------------------------------- PLS14-                                                57.1 -                  247   R780E  525E 336   -70  62.5  63.0   0.5    340   58.6    58.6   374.0                                                  less                                                                         than                                                                        300 -                                                      93.5 107.5  14.0  23000                                                                         less                                                                         than                                                                        300 -                                                     110.5 141.5  31.0  61000                                                                        420 -                                                     144.5 146.5   2.0   2700                                                                        300 -                                                     157.0 164.5   7.5   2100                                                                         less                                                                         than                                                                        300 -                                                     177.0 220.5  43.5  14000                                                                         less                                                                         than                                                                        300 -                                                     228.0 232.0   4.0    750                                                     250.5 251.0   0.5    340                                                                         less                                                                         than                                                                        300 -                                                      278.5 283.0   4.5    710                                                     288.0 288.5   0.5    350                        ---------------------------------------------------------------------------- PLS14-                                          300 -                         250   R780E  330E 335   -69  57.2  59.0   1.8    410     NA    57.2   294.0                                                 400 -                                                     156.0 157.0   1.0    630                                                                        310 -                                                     165.5 167.5   2.0    700                        ----------------------------------------------------------------------------                                                  less                                                                         than                        PLS14-                                          300 -                         253   R780E  735E 334 -72.3 117.5 160.0  42.5  44800     NA      59   338.0                                                  less                                                                         than                                                                        300 -                                                     163.5 174.0  10.5  29900                                                                        340 -                                                     178.5 181.0   2.5  11000                                                                         less                                                                         than                                                                        300 -                                                     187.5 192.0   4.5  22100                        ---------------------------------------------------------------------------- PLS14-                                                                        254   R780E  870E 340   -69  97.0  97.5   0.5    640     NA    64.3   407.0                                                  less                                                                         than                                                                        300 -                                                     125.5 137.5  12.0   1200                                                                        340 -                                                     145.0 146.0   1.0    450                                                                        410 -                                                     150.0 153.0   3.0   1400                                                                        400 -                                                     159.5 163.0   3.5    800                                                                         less                                                                         than                                                                        300 -                                                     165.5 182.0  16.5  15700                                                                         less                                                                         than                                                                        300 -                                                     206.5 210.0   3.5   3000                                                                         less                                                                         than                                                                        300 -                                                     225.0 233.0   8.0   2800                                                     255.0 255.5   0.5    360                                                                         less                                                                         than                                                                        300 -                                                     287.0 289.5   2.5    400                                                                        310 -                                                     301.5 303.0   1.5   1400                        ----------------------------------------------------------------------------                                                  less                                                                         than                        PLS14-                                          300 - 56.0 -                  256   R780E  525E 340   -70  60.0 119.0  59.0  46200   57.8    57.8   338.0                                                  less                                                                         than                                                                        300 -                                                     123.0 140.5  17.5   9400                                                                        300 -                                                     145.0 146.0   1.0    380                                                                         less                                                                         than                                                                        300 -                                                     170.0 183.0  13.0  27700                                                                         less                                                                         than                                                                        300 -                                                     187.5 195.0   7.5    760                                                                        320 -                                                     198.5 199.5   1.0    380                                                                        370 -                                                     202.5 205.5   3.0   1400                                                     215.0 215.5   0.5   1200                                                                        340 -                                                     218.0 220.0   2.0   4700                                                     262.5 263.0   0.5    420                        ---------------------------------------------------------------------------- PLS14-                                                                        257   R780E  960E 332   -68 104.5 105.0   0.5    490     NA    60.0   476.0                                                 340 -                                                     112.5 113.5   1.0    390                                                                         less                                                                         than                                                                        300 -                                                     158.5 167.0   8.5   1100                                                                         less                                                                         than                                                                        300 -                                                     170.0 174.0   4.0    570                                                                         less                                                                         than                                                                        300 -                                                     182.0 198.5  16.5   2800                                                                         less                                                                         than                                                                        300 -                                                     204.5 206.5   2.0    370                                                                         less                                                                         than                                                                        300 -                                                     215.5 219.0   3.5    460                                                                         less                                                                          than                                                                        300 -                                                     228.0 232.5   4.5   1000                                                                         less                                                                         than                                                                        300 -                                                     237.0 240.5   3.5   4200                                                                         less                                                                         than                                                                        300 -                                                     247.0 253.5   6.5  37000                                                                        410 -                                                     256.0 261.5   5.5  56000                                                                        480 -                                                     269.5 272.5   3.0   6100                                                                       4300 -                                                     275.5 276.0   0.5  14000                                                     280.0 280.5   0.5    830                                                                        510 -                                                     295.5 297.5   2.0  13000                                                                         less                                                                         than                                                                        300 -                                                     301.5 307.0   5.5   9600                                                     321.5 322.0   0.5   2200                                                                         less                                                                         than                                                                        300 -                                                     339.5 355.5  16.0   1400                                                                         less                                                                         than                                                                        300 -                                                     359.5 365.0   5.5    810                                                                        320 -                                                     368.0 372.0   4.0    900                                                     375.5 376.0   0.5    330                                                     452.5 453.0   0.5    400                        ---------------------------------------------------------------------------- PLS14-                                          310 -                         259   R780E  840E 332   -69 111.5 116.0   4.5    930     NA    62.7   431.9                                                  less                                                                         than                                                                        300 -                                                     119.0 190.0  71.0  62800                                                     194.0 194.5   0.5   1900                                                                         less                                                                         than                                                                        300 -                                                     201.5 220.0  18.5  54300                                                     236.5 237.0   0.5   1900                                                                        680 -                                                     262.5 266.0   3.5   7500                                                                        400 -                                                     343.5 344.5   1.0    460                                                     382.0 382.5   0.5    430                        ----------------------------------------------------------------------------                                                  less                                                                         than                        PLS14-                                          300 - 56.4 -                  261   R780E  495E 337   -70  58.0 133.0  75.0  34200   58.0    58.0   302.0                                                  less                                                                         than                                                                        300 -                                                     137.5 145.0   7.5   1000                                                                         less                                                                         than                                                                        300 -                                                     158.5 170.5  12.0   7900                                                                         less                                                                         than                                                                        300 -                                                     176.0 179.5   3.5    580                                                     266.0 266.5   0.5    430                        ----------------------------------------------------------------------------  Natural gamma radiation in drill core that is reported in this news release was measured in counts per second (cps) using a hand held RS-121 Scintillometer manufactured by Radiation Solutions. 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.  Samples from the drill core will be split in half sections on site. Where possible, samples will be standardized at 0.5m down-hole intervals. One-half of the split sample will be sent to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK for analysis which includes U3O8 (wt %) and fire assay for gold, while the other half will remain on site for reference. Analysis will include a 63 element ICP-OES, uranium by fluorimetry and boron.   All depth measurements reported, including radioactivity and mineralization interval widths are down-hole, core interval measurements and true thickness are yet to be determined.  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.   Updated maps and files can be found on the Company's website at http://fissionuranium.com/project/pls/.   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.  Contacts: Fission Uranium Corp. Rich Matthews Investor Relations TF: 877-868-8140 rich@fissionuranium.com www.fissionuranium.com    
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