Fission Energy Corp.: PLS Step-Out Hole at R780E Hits Off-Scale With 70 m of Mineralization Over 8 Zones

FISSION ENERGY CORP. (TSX VENTURE:FIS)(OTCQX:FSSIF) ("Fission" or "the
Company"), and its Joint Venture partner Alpha Minerals Inc. are pleased to
announce the most recent drill results from delineation drilling at the recently
discovered R780E zone. (See news release dated March 18, 2013). Drill-hole
PLS13-060 intersected 70m of mineralization over eight intervals within a 125m
sequence of alternating basement rocks including a 41.5m interval of weak to
locally strong radioactivity within basement rocks on its PLS property in the
Athabasca Basin, Saskatchewan. R780E is the third mineralized discovery zone
identified by the JV during its current winter 2013 drill program.


The R780E zone is located approximately 780m grid east of the discovery hole
PLS12- 022 and 390m grid east of recently assayed hole PLS13-038. PLS13-060
represents the 3rd hole drilled in the R780E zone of which all 3 holes are
mineralized.


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

"Previous results have shown a great deal of mineralization at shallow depth but
these new findings are at considerable width which all points to a large
mineralized system with plenty of expansion potential. With this 3rd zone
discovered form this winters drilling, we believe we are entering a great new
stage for the PLS discovery."


Drilling Highlights include:



--  PLS13-060 intersected eight mineralized radioactive intervals (133.5m -
    258.5m) ranging in strength from weak to strongly radioactive and in
    width from 0.5m to 41.5m. 
--  Four of the mineralized zones include discrete narrow intervals of off-
    scale (greater than 9999 cps) radioactivity. 
--  Mineralization down to 258.5m depth, represents the deepest
    mineralization encountered to date on the PLS property. 



Description of Drill Results - L780E

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.


Hole PLS13-060 was collared vertical and was a 15m step-out grid south of
PLS13-055. Scintillometer results show eight radioactive intervals of variable
size and strength of mineralization, ranging in strength from weak to strongly
radioactive (Table 1). The zones range in width from 0.5m to 41.5m within a
125.0m wide (133.5m - 258.5m) basement hosted sequence of alternating pelitic,
semipelitic and quartzitic gneiss. This package is characterized by localized
shearing, and hematite/chlorite hydrothermal alteration throughout. Two distinct
steeply dipping sub vertical shear zones with fabrics at low angles to drill
core were encountered from 213.4m - 217.5m (25 degrees to 40 degrees to core
axis) and 221.3m - 226.5m (5 degrees to 30 degrees to core axis). Weak to strong
radioactive mineralization with off-scale (greater than 9999 cps) was recorded
in four of the eight mineralized intervals:




1.  133.5m - 175.0m (41.5m) - weak to strong radioactivity including several
    narrow intervals of off-scale (greater than 9999 cps), totaling 1.30m 
2.  183.0m - 189.5m (6.5m) - weak to strong radioactivity including a 0.2m
    interval of off-scale (greater than 9999 cps) radioactivity 
3.  203.5m - 209.5m (6.0m) - weak to strong radioactivity including a 0.3m
    interval of off-scale (greater than 9999 cps) radioactivity 
4.  212.5m - 217.5m (5.0m) - weak to strong radioactivity including a 0.2m
    interval of off-scale (greater than 9999 cps) radioactivity 



Hole PLS13-060 represents the 3rd hole at the R780E zone and with mineralization
down to 258.5m, represents the deepest mineralization to date on the property.
The R780E zone represents the 3rd and most easterly zone of mineralization along
the resistivity low corridor and PL-3B EM conductor trend associated with known
uranium mineralization at Patterson Lake South. Additional drilling is planned
to further evaluate this zone.


Table 1: Section L780E



----------------------------------------------------------------------------
                    (i) Hand-held Scintillometer                            
                       Results On Mineralized                               
                    Drillcore (greater than 300                             
                      cps / greater than 0.5M                               
          Collar              minimum)                                      
       -----------------------------------------                            
                                                                       Total
                                                 Sandstone   Basement Drill-
                                                   From -   Unconfor-   hole
        Grid         From    To Width        CPS        To       mity  Depth
Hole ID Line Az Dip   (m)   (m)   (m) Peak Range       (m)  Depth (m)    (m)
----------------------------------------------------------------------------
PLS13-                                                                      
 060                                                                        
                                      less than                           
                                           300 -                            
                                         greater        No                  
        780E  0 -90 133.5 175.0  41.5  than 9999 Sandstone       54.1  276.5
                                      less than                           
                                           300 -                            
                                         greater                            
                    183.0 189.5   6.5  than 9999                            
                    193.5 194.0   0.5       7000                            
                                      less than                           
                                           300 -                            
                                         greater                            
                    203.5 209.5   6.0  than 9999                            
                                      less than                           
                                           300 -                            
                                         greater                            
                    212.5 217.5   5.0  than 9999                            
                                      less than                           
                    221.0 226.5   5.5 300 - 2700                            
                                      less than                           
                    246.0 250.0   4.0 300 - 2200                            
                    257.5 258.5   1.0 400 - 1500                            
----------------------------------------------------------------------------
(i) Scintillometer Instrument: GR-110G                                      



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. Borehole radioactivity is measured down-hole
using a Mount Sopris 2GHF-1000 Triple Gamma probe. 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 are yet to be determined.


An ongoing field program including 9,000m to 10,000m of drilling is in progress
and will continue to take advantage of the winter ice expected to last into
early April.


All holes are planned to be radiometrically surveyed using a Mount Sopris
2GHF-1000 Triple Gamma probe, which allows for 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 a 50%/50% Joint Venture held by Fission Energy
Corp. and Alpha Minerals Inc (AMW). Fission 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, (greater than 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 highlighting
the core drilling programs planned for PLS as well as scintillometer tables,
up-hole triple gamma logs and cross sections can be found on the Company's
website at http://www.fission-energy.com/s/pattersonlakesouth.asp.


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".


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

FOR FURTHER INFORMATION PLEASE CONTACT: 
Fission Energy Corp.
Rich Matthews
Investor Relations
877-868-8140
[e-mail]
www.fission-energy.com