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To: Goose94 who wrote (13776)	7/30/2015 11:38:11 AM
From: Goose94	Read Replies (2) \| Respond to of 202709

Cantor Fitzgerald’s Quarterly Commodity Outlook, released Tuesday, focuses largely on the firm’s uranium outlook and reactor restarts in Japan. It also includes a rundown of which uranium companies are on the firm’s radar and what they have been up to lately. In Q2, the uranium spot price came in under Cantor’s estimate of US$40 per pound, hitting US$36.79; according to the firm, the shortfall was mainly due to utilities refraining from both signing contracts and buying. Cantor Fitzgerald Senior Analyst Rob Chang explained that utilities haven’t been signing contracts because low prices have rewarded them for holding out. That said, he believes buyers are aware that prices are going to get a lot higher in the future. “The buyers themselves know the prices are going to be a lot higher and they fully see that in the future they are going to pay a lot more — double, maybe even triple. But it is a bureaucracy, they need to get approvals from others, and it’s difficult to justify to the senior board to lock in a contract at US$45, US$50, US$60 when you can just as easily walk into the market right now and buy it for US$36. And they have been right so far,” Chang explained, adding that the premise that ample inventory is readily available has also kept buying at bay. Still, Chang warned that there probably won’t be enough to go around, especially with Russia and China holding onto a lot of material that many think is mobile, but likely isn’t. Uranium outlook Cantor’s uranium spot price predictions for the next three years remain the same: US$50 in 2016, US$60 in 2017 and US$70 in 2018. According to Chang, his firm’s confidence is rooted in uncovered requirements. Essentially, utilities will eventually have to start buying as reactors cannot operate without uranium. “At some point, someone is going to have to jump in and buy and others will do the same — the spot market is so thin that it will show. Just like last year, when a few buyers came in it went from US$28 to the US$40 range really quickly,” he said. Japan reactor restarts As always, reactor restarts in Japan were a topic of discussion, especially now that the first two reactors are expected to come online in less than two weeks. Chang said in his report that restarts will be the type of “front page” news that will spark investor interest in the space as well as dispel the still-existing notion that Japan won’t return to nuclear energy. At the same time, while the restarts will be positive from a market sentiment perspective, several reactors will have to restart in order to have any big impact on the supply and demand equation. Cantor’s expectations for restarts remain the same, with two expected in 2015, another five in 2016, seven in 2017 and a total of 36 reactors running in Japan by 2020. Company picksWhile Cantor Fitzgerald likes the uranium space as a whole, it also covers a number of uranium companies, most of which it’s assigned “buy” recommendations. Azarga Uranium (AZZ-T) is one company that has just been added to the firm’s roster, with the report highlighting the near-term production potential at the company’s Dewey Burdock project, a high-grade ISR project located in the US. Naturally, Cameco (CCO-T) is on the list, especially considering the fact that the company recently announced that will continue to meet production expectations despite suspensions due to wildfires. In terms of uranium companies hitting milestones on projects, the report highlights Energy Fuels (EFR-T), which not long ago received approval to make major revisions to the mining permit at its Sheep Mountain project and was also granted final approvals for its Hank Unit ISR project in Wyoming. Other honorable mentions in the report are Kivalliq Energy (KIV-V), which began drilling at its Angilak property in Nunavut earlier this month; Denison Mines (DML-T) and Fission Uranium (TFCU-T), which plan to merge and become Denison Energy; Uranium Energy (UEC-NY) and finally Ur-Energy (URE-T). Overall, Cantor believes there is “tremendous value in the uranium space especially in light of the reactor restart catalyst and the compelling supply and demand backdrop that is underpinned by the uncovered requirements of utilities.”

To: Goose94 who wrote (13776)

8/11/2015 8:12:48 AM

From: Goose94

Read Replies (2) | Respond to of 202709

Fission Uranium (FCU-T) Aug 11, '15 is pleased to announce results from a further ten holes of the 20,000m 60-hole summer drill program at its PLS property in Canada's Athabasca Basin region: three holes drilled on the R600W zone, five drilled on the R780E zone and two holes on the R1620E. Importantly, hole PLS15-416, drilled on the eastern edge of the Triple R's R780E zone (line 1125E), has intersected 3.93m total composite mineralization of >10,000 cps radioactivity - the strongest to date from that area. Of additional importance, step out drilling has expanded the strike length of the high-grade, near-surface R600W zone to a total of 105m.

All ten holes returned mineralization, with six holes returning strongly radioactive mineralized intervals measuring >10,000 cps.

Drilling Highlights Include:

R600W Zone

Expanded R600W zone an additional 15m west (to line 675W) by high-grade hole PLS15-408 and a further 15m east (to line 570W) with hole PLS15-404

R600W zone now extended to a strike length of 105m

R780E Zone

Considerable high-grade mineralization encountered on line 1125E (hole PLS15-416)

Intersection Highlights Include:

Hole PLS15-408 (line 675E) 27.0m continuous mineralization (between 124.0m - 151.0m) including: 5.09m total composite mineralization of >10,000 cps radioactivity

Hole PLS15-416 (line 1125E) 48.0m total composite mineralization over a 170.0m section (between 207.5m - 377.5m) including: 3.93m total composite mineralization of >10,000 cps radioactivity

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

"We have now intercepted substantial high-grade mineralization on the far eastern side of the R780E zone (line 1125E), with the strongest mineralization to date in that area. In addition, the high-grade, shallow depth R600W zone has now reached 105m in strike length and continues to show a rapid growth rate with a style of mineralization similar to that of the Triple R's R780E zone, over half a kilometer on-strike to the east."

R600W

Hole ID	Zone	Collar			* Hand-held Scintillometer Results On Mineralized Drillcore (>300 cps / >0.5M minimum)				Lake Depth (m)	Sand- stone From - To (m)	Base- ment Uncon- formity Depth (m)	Total Drill- hole Depth (m)
Hole ID	Zone	Grid Line	Az	Dip	From (m)	To (m)	Width (m)	CPS Peak Range	Lake Depth (m)	Sand- stone From - To (m)	Base- ment Uncon- formity Depth (m)	Total Drill- hole Depth (m)
PLS15-404	R600W	570W	342	-79.8	105.0	116.0	11.0	<300 - 1700	NA	NA	104.1	399.1
					134.5	135.5	1.0	310 - 400
					139.5	140.5	1.0	320 - 1400
					144.5	145.0	0.5	460
					322.0	322.5	0.5	450
PLS15-408	R600W	675W	344	-80.2	124.0	151.0	27.0	<300 - 58600	NA	NA	109.5	266.0
PLS15-411	R600W	630W	340	-79.5	121.7	150.5	28.8	<300 - 37900	NA	NA	121.8	434.0
					310.0	311.0	1.0	300 - 490
					318.0	319.0	1.0	320 - 490
					332.5	340.5	8.0	320 - 2900
					344.0	345.0	1.0	580 - 590
					366.5	367.0	0.5	430

R780E

Hole ID	Zone	Collar			* Hand-held Scintillometer Results On Mineralized Drillcore (>300 cps / >0.5M minimum)				Lake Depth (m)	Sand- stone From - To (m)	Base- ment Uncon- form- ity Depth (m)	Total Drill- hole Depth (m)
Hole ID	Zone	Grid Line	Az	Dip	From (m)	To (m)	Width (m)	CPS Peak Range	Lake Depth (m)	Sand- stone From - To (m)	Base- ment Uncon- form- ity Depth (m)	Total Drill- hole Depth (m)
PLS15-392A	R780E	270E	322	-67.1	93.5	95.5	2.0	420 - 1100	4.2	NA	55.9	374.0
					107.5	116.5	9.0	300 - 10600
					125.5	127.5	2.0	320 - 12000
					209.5	210.5	1.0	310 - 350
					282.0	287.0	5.0	<300 - 1400
					312.5	313.0	0.5	530
PLS15-409	R780E	450E	329	-69.6	106.0	107.0	1.0	320 - 340	5.5	54.2 - 55.9	55.9	290.0
					112.5	136.5	24.0	310 - 51000
					148.0	149.5	1.5	<300 - 520
PLS15-410	R780E	330E	354	-70.5	117.5	118.0	0.5	390	2.6	NA	50.5	311.0
					122.0	139.5	17.5	<300 - 7600
					142.0	159.5	17.5	<300 - 56700
PLS15-414	R780E	300E	335	-72.3	68.5	69.5	1.0	320 - 420	4.5	NA	51.0	326.0
					83.5	87.5	4.0	<300 - 370
					90.0	100.0	10.0	<300 - 1500
					113.0	137.5	24.5	<300 - 3500
					141.5	156.0	14.5	<300 - 2900
					159.0	161.5	2.5	<300 - 320
					268.5	269.5	1.0	610 - 830
PLS15-416	R780E	1125E	336	-68.9	207.5	229.0	21.5	<300 - 10100	7.0	NA	66.9	419.0
					231.5	245.5	14.0	<300 - 58900
					280.5	285.5	5.0	<300 - 1100
					302.0	306.5	4.5	<00 - 560
					354.0	354.5	0.5	340
					358.0	360.0	2.0	430 - 1900
					377.0	377.5	0.5	710

R1620E

Hole ID

Zone

Collar

* Hand-held Scintillometer Results On Mineralized Drillcore (>300 cps / >0.5M minimum)

Lake
Depth
(m)

Sand-
stone
From
-
To
(m)

Base-
ment
Uncon-
form-
ity
Depth
(m)

Total
Drill-
hole
Depth
(m)

Grid
Line

Dip

From
(m)

To
(m)

Width
(m)

CPS
Peak
Range

PLS15-405

R1620E

1620E

330

-71.2

65.5

66.0

0.5

2300

6.5

57.4

357.0

PLS15-413

R1620E

1605E

333

-66.5

116.5

126.0

9.5

<300 - 4400

6.6

59.7

299.0

PLS Mineralized Trend & Triple R Deposit Summary

Uranium mineralization at PLS has been traced by core drilling approximately 2.3km of east-west strike length in four separate mineralized "zones". From west to east, these zones are; R600W, R00E, R780E and R1620E.

The discovery hole of what is now referred to as the Triple R uranium deposit was announced on November 05, 2012 with drill hole PLS12-022, from what is considered part of the R00E zone. Through successful exploration programs completed to date, it has evolved into a large, near surface, basement hosted, structurally controlled high-grade uranium deposit.

The Triple R deposit consists of the R00E zone on the western side and the much larger R780E zone further on strike to the east. Within the deposit, the R00E and R780E zones have an overall strike length of approximately 1.2km with the R00E measuring approximately 125m in strike length and the R780E zones measuring approximately 900m in strike length. A 225m gap separates the R00E zone to the west and the R780E zones to the east, though sporadic narrow, weakly mineralized intervals from drill holes within this gap suggest the potential for further significant mineralization in this area. The R780E zones are located beneath Patterson Lake which is approximately six metres deep in the area of the deposit. The entire Triple R deposit is covered by approximately 50 m of overburden.

Mineralization remains open along strike both to the western and eastern extents. Mineralization is both located within and associated with a metasedimentary lithologic corridor, associated with the PL-3B basement Electro-Magnetic (EM) Conductor. Recent very positive drill results returning wide and strongly mineralized intersections approximately 555m west of the Triple R deposit, have significantly upgraded the R600W zone to a very prospective area for further growth of the PLS resource.

Updated maps and files can be found on the Company's website at http://fissionuranium.com/project/pls/.

Natural gamma radiation in drill core that is reported in this news release was measured in counts per second (cps) using a hand held RS-121 Scintillometer manufactured by Radiation Solutions, which is capable of discriminating readings to 65,535 cps. 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. Individual zone wireframe models constructed from assay data indicate that both the R780E and R00E zones have a complex geometry controlled by and parallel to steeply south-dipping lithological boundaries as well as a preferential sub-horizontal orientation. All depths reported of core interval measurements including radioactivity and mineralization intervals widths are not always representative of true thickness and thus true thicknesses are yet to be determined.

Samples from the drill core will be split in half sections on site. Where possible, samples will be standardized at 0.5m down-hole intervals. One-half of the split sample will be sent to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) in Saskatoon, SK for analysis which includes U3O8 (wt %) and fire assay for gold, while the other half will remain on site for reference. Analysis will include a 63 element ICP-OES, and boron.

Patterson Lake South Property

The 31,039 hectare PLS project is 100% owned and operated by Fission Uranium Corp. 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 50km 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, P.Geol. President and COO for Fission Uranium Corp., a qualified person.

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. Common Shares are listed on the TSX 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.
Rich Matthews
Investor Relations
TF: 877-868-8140
rich@fissionuranium.com
www.fissionuranium.com