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To: Goose94 who wrote (12674)

4/29/2015 9:24:29 AM

From: Goose94

Read Replies (1) | Respond to of 203382

Fission Uranium (FCU-T) April 29, '15 is pleased to announce that it has completed its previously announced bought deal financing for aggregate gross proceeds of C$20,010,000 (the "Offering").

Lead underwriter Dundee Securities Ltd., along with BMO Nesbitt Burns Inc., Macquarie Capital Markets Canada Ltd., Raymond James Ltd. and TD Securities Inc. (the "Underwriters") purchased, on a bought deal basis, 13,340,000 flow-through common shares of the Company (the "Flow-Through Shares") (inclusive of the Underwriters' over-allotment option for an additional 1,740,000 Flow-Through Shares) at a price of C$1.50 per Flow-Through Share the ("Issue Price").

The Company intends to use the gross proceeds of the Offering for "Canadian exploration expenses" that are "flow through mining expenditures" (within the meaning of the Income Tax Act (Canada)) related to the Company's Patterson Lake South project. The Company will agree to renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2015.

The Flow-Through Shares were offered by way of a short form prospectus filed in all of the provinces of Canada, except Québec, on April 16, 2015 pursuant to National Instrument 44-101 - Short Form Prospectus Distributions.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

About Fission Uranium Corp.

Fission 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. Common shares are listed on the Toronto Stock 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, President and COO

Fission Uranium Corp.

Fission Uranium Corp.
Rich Matthews
Investor Relations
TF: 877-868-8140
rich@fissionuranium.com
www.fissionuranium.com