FISSION URANIUM CORP. (TSX:FCU) (OTCQX:FCUUF) (FRANKFURT:2FU) today announced that it has completed the previously announced strategic investment by CGN Mining Company Limited for 96,736,540 common shares of the Company at a price per share of C$0.85 for gross proceeds of C$82,226,059.

Fission intends to use the proceeds of the Offering to develop the PLS Property, pay advisor fees and costs in relation to certain approved transactions and for general administrative expenses consistent with past practice.

The Purchased Shares may not be traded for a period of four months plus one day from the closing of the Offering. The Purchased Shares described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States absent registration or an applicable exemption from the registration requirements of such Act. Fission’s financial advisor is GMP Securities.

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 – host to the world-class Triple R uranium deposit – and is headquartered in Kelowna, British Columbia.