TSX: FCUOTCQX: FCUUFFSE: 2FU

Multiple Stacked Lenses: Reasons to get Excited

August 9, 2017

If you’ve read our last two news releases, you will have noticed several references to multiple stacked lenses as a geological feature of the R1515W zone. We are pretty excited about this feature and I wanted to take a moment to explain why.

The holes we’ve put into the R1515W this summer have encountered multiple lenses of uranium that are stacked both horizontally and vertically. The only other zone where we’ve encountered this at PLS, is the R780E zone.

The R780E contains the lion’s share of the Triple R deposit, including our ultra-high-grade core. When drilling that zone we found that these multiple stacked lenses not only gave us great width of mineralization, it also gave us high grades.

Unsurprisingly, the hallmark of the R780E during our main exploration push on that zone was rapid growth. In fact, just 200m of the R780E’s strike length contains around 50% of the entire ore body!

While it is admittedly very early on in our drilling at R1515W, the existence of stacked lenses at this shallow, on-land zone is extremely encouraging. Going forward, the R1515W is likely to be a major focus for continued drilling.

For those of you interested in a technical, visual representation, take a look at slide 21 of our corporate presentation, which has two cross sections from the R1515W. You can also see all of our R780E cross sections in the technical section of our website.

Ross McElroy, President, COO and Chief Geologist of Fission Uranium

Forward-Looking Information: Some of the posted entries on the CEO Corner may contain forward-looking statements. Forward-looking statements address future events and conditions which involve inherent risks and uncertainties. Actual results could differ materially from those expressed or implied by them.  Examples of forward looking information and assumptions include future estimates of the worldwide supply and demand for uranium and the effect that these changes could have on the short term and long term price of uranium on the world markets, statements regarding the future operating or financial performance of Fission including the net present value, metal recoveries, capital costs, operating costs, production, rates of return and payback.  Forward looking statements involve known and unknown risks and uncertainties which may not prove to be accurate.  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.

In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "projects", "plans", "anticipates" and similar expressions. These statements represent management's expectations or beliefs concerning, among other things, future operations and various components thereof affecting the economic performance of Fission. Undue reliance should not be placed on these forward-looking statements which are based upon management's assumptions and are subject to known and unknown risks and uncertainties, including the business risks discussed above, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted.

Links: Some of the posted entries on the CEO Corner may include links to 3rd party websites. Fission has not reviewed all websites linked to or from this Site and is not responsible for the contents of any such websites. The inclusion of any link does not imply endorsement by Fission of the linked website or its content. Use of any such linked website is at the user's own risk.



For further information we refer you to our legal notice.

X