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To: Goose94 who wrote (6877)	5/29/2014 12:23:21 PM
From: Goose94	Read Replies (3) \| Respond to of 203376

Fission Uranium (FCU-V) May 29, '14 has released assay results from nine holes drilled in the R780E zone and one drilled in the R00E zone at its Patterson Lake South property in Saskatchewan's Athabasca basin. Of particular note is hole PLS14-160, located on line 540E. The hole returned high-grade intervals such as 14.74 per cent U3O8 over 10.0 metres in a composite interval of 4.44 per cent U3O8 over 38.0 metres. All 10 holes intersected wide intervals and six of the holes returned substantial high-grade assays. The strong mineralization exhibited in holes PLS14-160, 171 and 156 shows the exceptional strength of uranium mineralization in the middle region over a substantial strike length of the R780E zone. The size of this shallow, very robust high-grade central region has grown considerably during the course of the winter program. Other spectacular holes from this area include PLS14-129 (line 600E) and PLS14-187 (line 660E) as reported in news releases of Feb. 19, 2014, and April 22, 2014, respectively. Assay highlights: PLS14-160 (line 540E): 38.0 metres (69.0 metres to 107.0 metres) at 4.44 per cent U3O8, including 10.0 metres (77.0 metres to 87.0 metres) at 14.74 per cent U3O8; 9.50 metres (187.0 metres to 196.5 metres) at 1.05 per cent U3O8, including 2.50 metres (192.0 metres to 194.5 metres) at 3.44 per cent U3O8; PLS14-171 (line 690E): 18.50 metres (75.0 metres to 93.5 metres) at 1.05 per cent U3O8, including 2.50 metres (86.0 metres to 88.5 metres) at 4.42 per cent U3O8; 48.0 metres (105.0 metres to 153.0 metres) at 2.96 per cent U3O8, including 11.50 metres (121.0 metres to 132.5 metres) at 8.67 per cent U3O8; PLS14-156 (line 720E): 19.0 metres (103.5 metres to 122.5 metres) at 4.68 per cent U3O8, including 5.50 metres (109.5 metres to 115.0 metres) at 12.32 per cent U3O8; 4.50 metres (202.0 metres to 206.5 metres) at 3.69 per cent U3O8, including 1.50 metres (202.0 metres to 203.5 metres) at 10.67 per cent U3O8. To date, assay results from 40 holes of the recent winter program have now been released; results from 52 holes are pending. Ross McElroy, president, chief operating officer and chief geologist for Fission, commented: "Another round of superb growth confirmed at PLS. We are seeing some very high grades and wide intervals, as evidenced by holes such as PLS14-160 and PLS14-171. We have considerable mineralization in all 10 holes and, just as importantly, mineralization starts at depths as shallow as 50.0 metres. We continue to be very pleased with the results of our aggressive winter program." Composited percentage U3O8 mineralized intervals are summarized in the tables. Samples from the drill core are split in half sections on site. Where possible, samples are standardized at 0.5-metre downhole intervals. One-half of the split sample is sent to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005-accredited facility) in Saskatoon for analysis which includes U3O8 (weight per cent) and fire assay for gold, while the other half remains on site for reference. All analysis include a 63-element ICP-OES, uranium by fluorimetry and boron. All depth measurements reported, including sample and interval widths are downhole, core interval measurements and true thickness are yet to be determined. PLS14-163 was collared 10 metres grid south of PLS13-059 (20.5 metres at 8.57 per cent U3O8) and intersected a weakly mineralized interval approximately 60 metres down dip of the mineralization in PLS13-059. PLS mineralized trend summary Uranium mineralization at PLS has been traced by core drilling over 2.24 kilometres 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 electromagnetic conductor. Fission has received and released assay results on 40 holes from its winter 2014 drill program at PLS. Updated maps and files can be found on the company's website. Patterson Lake South property The 31,039-hectare PLS project is 100 per cent owned and operated by Fission Uranium. 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 50 kilometres 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, PGeol, president and chief operating officer for Fission Uranium, a qualified person.