Fission Uranium Announces Receipt for Final Prospectus for Qualification of Common Shares Underlying Previously Issued Special Warrants

KELOWNA, BRITISH COLUMBIA--(Marketwired - Apr 28, 2014) - FISSION URANIUM CORP. ("Fission" or the "Company") (TSX VENTURE:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) is pleased to announce that it has obtained a receipt dated April 25, 2014 (the "Receipt") for its final short form prospectus (the "Prospectus") filed in the Provinces of British Columbia, Alberta, Saskatchewan, Ontario and New Brunswick (the "Selling Provinces").

The Prospectus qualifies the distribution of 17,968,750 common shares (the "Common Shares") of the Company issuable upon the automatic exercise of 17,968,750 special warrants (the "Special Warrants") previously issued by the Company on April 1, 2014. The Special Warrants were issued on a private placement basis (the "Offering") through a syndicate of underwriters led by Dundee Securities Ltd. and included Cantor Fitzgerald Canada Corporation, Macquarie Capital Markets Canada Ltd., Raymond James Ltd., BMO Nesbitt Burns Inc., TD Securities Inc., Clarus Securities Inc. and Cormark Securities Inc. The Offering closed on April 1, 2014 for total gross proceeds to the Company of $28,750,000. The Special Warrants will be deemed to be exercised at 4:00 p.m. (Toronto time) on April 28, 2014, being the first business day following the date upon which the Receipt was obtained by the Company in each of the Selling Provinces and the Common Shares will be issued to the holders of the Special Warrants as soon as practicable thereafter. A copy of the Prospectus and the Receipt are available on SEDAR under the Company's profile at www.sedar.com.

This news release does not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration.

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 United States under the symbol "FCUUF".

ON BEHALF OF THE BOARD OF FISSION

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 may include statements regarding the future operating or financial performance of the Company which involve known and unknown risks and uncertainties 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.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.