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FISSION URANIUM CORP. (TSX VENTURE:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission" or "the Company") is pleased to announce results from twelve new angled drill holes of the summer drill program at its PLS property in Canada's Athabasca Basin. Of particular note, the drill hole results show further widening of the main PLS discovery to the north and south, east of line 780E. With PLS14-248 (line 825E) significantly expanding the high grade area approximately 40m to the south and PLS14-237 (line 870E) and PLS14-236 (line 960E) expanding the mineralized corridor approximately 50m the north, the potential of growth at PLS is highly prospective. All twelve holes returned wide mineralization, with seven holes returning substantial intervals of greater than 10,000 cps radioactivity. Of additional note is PLS14-248 (line 825E), an angled hole with a total of 106.2m composite mineralization, including 18.2m total composite "off-scale" (greater than 10,000 cps) radioactivity within a 21.5m interval (146.5m - 168.0m). The hole has a total composite "off-scale" (greater than 10,000 cps) of 21.1m. Drilling Highlights Include: Hole PLS14-248 (line 825E) -- 106.2m total composite mineralization (between 108.0m - 264.0m) including: -- 21.2m total composite mineralization of (greater than 10,000 cps) radioactivity Hole PLS14-243 (line 495E) -- 77.0m total composite mineralization (between 82.0m - 240.0m) including: -- 1.9m total composite mineralization of greater than 10,000 cps radioactivity Hole PLS14-240 (line 645E) -- 77.0m total composite mineralization (between 81.5m - 230.0m) including: -- 1.7m total composite mineralization of greater than 10,000 cps radioactivity Ross McElroy, President, COO, and Chief Geologist for Fission, commented, "Today's results confirm a widening to the north and south in the eastern half of the R780E zone - evidence of the continued strong growth and potential of PLS." 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. ---------------------------------------------------------------------------- Base- ment (i) Hand-held Scintillometer Sand- Uncon- Total Results On Mineralized stone for- Drill- Drillcore (greater than 300 From - mity hole Hole cps / 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 ---------------------------------------------------------------------------- PLS14- 55.8 - 231 R780E 420E 367 -68.7 69.0 71.0 2.0 380 - 510 56.8 56.8 275.0 less than 76.0 92.0 16.0 300 - 9600 116.5 120.0 3.5 320 - 800 198.0 199.0 1.0 300 - 600 ---------------------------------------------------------------------------- PLS14- less than 232 R780E 285E 347 -69 133.0 139.0 6.0 300 - 1900 NA 51.1 345.0 less than 300 - 142.5 155.0 12.5 14000 less than 162.5 167.0 4.5 300 - 1900 less than 169.5 177.0 7.5 300 - 8100 192.0 192.5 0.5 360 279.0 281.0 2.0 320 - 940 ---------------------------------------------------------------------------- PLS14- 233 R780E 600E 338 -71 165.0 165.5 0.5 420 NA 61.0 343.0 168.0 168.5 0.5 310 less than 209.0 212.5 3.5 300 - 1600 229.5 232.0 2.5 410 - 1200 237.5 238.0 0.5 320 ---------------------------------------------------------------------------- PLS14- 58.4 - 235 R780E 555E 346 -70.9 91.0 91.5 0.5 490 58.8 58.8 302.3 105.0 105.5 0.5 380 135.5 136.0 0.5 330 158.5 163.0 4.5 390 - 890 165.5 166.5 1.0 350 - 380 less than 187.0 190.5 3.5 300 - 660 less than 210.0 212.5 2.5 300 - 400 less than 222.0 226.0 4.0 300 - 1500 228.5 229.0 0.5 360 260.0 260.5 0.5 310 ---------------------------------------------------------------------------- PLS14- less than 236 R780E 960E 342 -66 110.5 112.5 2.0 300 - 460 NA 65.2 407.0 less than 116.5 129.0 12.5 300 - 4000 139.5 142.5 3.0 340 - 1000 170.5 172.0 1.5 350 - 490 less than 176.5 184.0 7.5 300 - 1900 less than 188.5 192.0 3.5 300 - 780 less than 199.0 224.5 25.5 300 - 7700 less than 231.0 237.5 6.5 300 - 5000 360 - 246.0 247.5 1.5 40000 262.0 262.5 0.5 320 less than 300 - 271.5 288.0 16.5 11000 less than 290.5 299.0 8.5 300 - 5400 less than 302.5 310.5 8.0 300 - 1100 323.0 323.5 0.5 640 ---------------------------------------------------------------------------- PLS14- less than 237 R780E 870E 340 -69 68.5 84.0 15.5 300 - 2400 NA 63.3 377.0 less than 115.0 124.0 9.0 300 - 3000 less than 142.5 152.5 10.0 300 - 1000 155.0 156.0 1.0 460 - 600 less than 165.5 168.5 3.0 300 - 700 less than 179.0 186.5 7.5 300 - 730 less than 189.0 191.5 2.5 300 - 680 less than 300 - 231.0 255.0 24.0 15000 less than 257.5 268.5 11.0 300 - 6800 less than 272.0 279.5 7.5 300 - 7500 less than 284.5 288.0 3.5 300 - 520 292.0 292.5 0.5 450 less than 295.5 300.0 4.5 300 - 610 305.0 306.0 1.0 320 - 460 ---------------------------------------------------------------------------- PLS14- less than 238 R780E 825E 340 -69 129.5 147.5 18.0 300 - 3200 NA 59.2 431.0 150.5 151.5 1.0 500 - 820 176.0 177.0 1.0 300 - 490 180.0 180.5 0.5 310 less than 184.0 197.5 13.5 300 - 2900 less than 200.0 221.0 21.0 300 - 7400 less than 234.5 236.5 2.0 300 - 700 less than 243.0 245.0 2.0 300 - 3000 less than 300 - 250.5 254.0 3.5 40000 290.0 290.5 0.5 370 299.5 301.0 1.5 330 - 500 less than 304.0 307.0 3.0 300 - 470 397.5 398.0 0.5 390 ---------------------------------------------------------------------------- less than PLS14- 300 - 58.0 - 240 R780E 645E 334 -70.4 81.5 126.5 45.0 36000 58.7 58.7 326.0 less than 142.0 145.0 3.0 300 - 430 1900 - 150.0 151.0 1.0 3900 460 - 157.0 159.0 2.0 33000 less than 164.5 167.0 2.5 300 - 2700 less than 169.0 172.0 3.0 300 - 5100 less than 178.5 180.0 1.5 300 - 370 less than 183.0 185.5 2.5 300 - 340 less than 204.0 219.0 15.0 300 - 7400 228.5 230.0 1.5 600 - 1000 ---------------------------------------------------------------------------- PLS14- 242 R780E 870E 342 -69 96.0 96.5 0.5 370 NA 55.9 395.0 119.0 119.5 0.5 360 125.0 126.5 1.5 320 - 400 131.0 134.5 3.5 350 - 670 less than 143.0 156.5 13.5 300 - 700 less than 161.5 164.5 3.0 300 - 1200 171.0 171.5 0.5 460 less than 300 - 181.0 193.0 12.0 16000 196.0 196.5 0.5 310 200.5 201.5 1.0 320 - 330 less than 209.5 212.5 3.0 300 - 5900 less than 215.5 222.0 6.5 300 - 5200 less than 249.0 252.5 3.5 300 - 2300 less than 261.0 265.0 4.0 300 - 1200 273.5 275.0 1.5 380 - 1000 278.0 278.5 0.5 360 302.0 303.0 1.0 310 - 500 306.5 307.0 0.5 490 less than 310.0 312.5 2.5 300 - 1200 321.0 322.0 1.0 490 - 1400 337.0 337.5 0.5 450 342.0 342.5 0.5 350 ---------------------------------------------------------------------------- PLS14- 56.4 - 243 R780E 495E 332 -66 82.0 83.0 1.0 330 - 350 57.1 57.1 356.0 less than 86.5 91.5 5.0 300 - 910 less than 94.5 97.5 3.0 300 - 1400 less than 300 - 101.5 122.0 20.5 54000 less than 300 - 125.0 135.0 10.0 27300 less than 137.5 151.0 13.5 300 - 6900 166.5 178.5 12.0 390 - 9200 179.0 190.0 11.0 350 - 5600 236.0 236.5 0.5 490 239.5 240.0 0.5 600 ---------------------------------------------------------------------------- PLS14- 60.5 - 244 R780E 660E 336 -71.7 62.0 62.5 0.5 330 61.0 61.0 275.0 85.0 86.0 1.0 380 - 480 90.5 93.5 3.0 440 - 4600 less than 99.0 102.0 3.0 300 - 590 131.5 132.0 0.5 310 ---------------------------------------------------------------------------- less than PLS14- 300 - 248 R780E 825E 332 -70 108.0 177.5 69.5 62800 NA 59.4 452.0 less than 183.0 199.0 16.0 300 - 8300 less than 202.0 206.5 4.5 300 - 1200 540 - 209.8 210.5 0.7 27100 220.5 222.5 2.0 320 - 4000 less than 300 - 230.0 242.0 12.0 62300 251.5 252.0 0.5 350 263.5 264.0 0.5 3900 271.5 272.0 0.5 350 ---------------------------------------------------------------------------- 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" -------------------------------------------------- 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. FOR FURTHER INFORMATION PLEASE CONTACT: Investor Relations Rich Matthews TF: 877-868-8140 rich@fissionuranium.com www.fissionuranium.com
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