Fission Uranium Announces Mailing of Management Information Circular

KELOWNA, BRITISH COLUMBIA -- (Marketwired - Nov 1, 2013) - Fission Uranium Corp. (TSX VENTURE:FCU) (OTCQX:FCUUF) (FRANKFURT:2FU) ("Fission" or the "Company") is pleased to announce that the Company has mailed its Management Information Circular dated October 29, 2013 (the "Circular") in connection with its previously announced spinout transaction (the "Fission Spinout") and arrangement with Alpha Minerals Inc. The special meeting of Fission securityholders to vote on the Fission Spinout is scheduled for November 28, 2013. The Company encourages all shareholders and optionholders to review the Circular and vote in favour of the Fission Spinout.

The Company would also like to advise that on page E-29 of Appendix "E" to the Circular it was inadvertently stated that the TSX-V had conditionally approved for listing the common shares of Fission 3.0 Corp. As stated on pages 30, 77 and 78 of the Circular and page E-24 of Appendix "E" to the Circular, the Company will apply to the TSX-V for the listing of common shares of Fission 3.0 Corp., and submitted such application on October 31, 2013, however, it has not yet received conditional approval of the TSX-V for such listing.


About Fission Uranium Corp.

Fission Uranium Corp. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia. Common Shares are listed on the TSX Venture Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S. under the symbol "FCUUF".


ON BEHALF OF THE BOARD

Dev Randhawa
Chairman & CEO



Cautionary Statement:

Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward-looking statements contained in this press release include statements regarding the proposed transaction, the Fission securityholders' meeting and listing of Fission Spinco Shares which involve known and unknown risks and uncertainties and which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. 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. The forward-looking statements included in this press release are made as of the date of this press release and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contact

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