Pitchstone Exploration Ltd.

Pitchstone announces that it has received securityholder approval for a transaction that will see all of the outstanding shares of Pitchstone being acquired by Fission Energy by means of a Plan of Arrangement. At a special securityholder meeting held today in conjunction with the annual general meeting, the Plan of Arrangement was approved by 99.5% of the votes cast by shareholders and optionholders of Pitchstone [...]

Pitchstone announces that it has entered into an Arrangement Agreement, whereby all of the issued and outstanding shares of Pitchstone will be acquired by Fission by means of a Plan of Arrangement. Acquisition Terms Fission has agreed to issue 0.2145 common shares of Fission for each common share of Pitchstone. Based on 45,208,185 Pitchstone shares outstanding, Fission will issue 9,697,155 Common Shares to complete [...]

Pitchstone Exploration reports that Rio Tinto Mining and Exploration Ltd. (Rio Tinto) has initiated a granite-hosted uranium exploration program on the Dome property in Namibia. Exploration for granite-hosted (Rossing style) uranium at Dome is carried out as a joint venture with Rio Tinto and private company Manica Minerals Ltd.

Pitchstone Exploration reports the renewal of licences in Namibia, and the receipt of analyses for the recently completed reverse circulation drilling program on the Dome property in Namibia. Exploration on the Dome property is carried out as a Joint Venture with Rio Tinto Mining and Exploration Ltd. (Rio Tinto) and Manica Minerals Ltd. A summary of 2011 exploration activities and plans for 2012 is also provided.

Pitchstone reports the completion of a program of reverse circulation drilling on calcrete hosted uranium targets at the Dome property in Namibia. The property location relative to the nearby Rossing and Langer Heinrich uranium mines, and other uranium occurrences in the Erongo region is illustrated on Pitchstone's website. Uranium in calcrete is excluded from a recently completed agreement that allows Rio Tinto to [...]

Pitchstone announces that plans have been finalized for a program of reverse circulation drilling that will target calcrete hosted uranium mineralization on the Dome property in Namibia. The property location relative to the nearby Rossing and Langer Heinrich uranium mines, and other uranium occurrences in the Erongo region is illustrated on Pitchstone's website. Uranium in calcrete is excluded from a recently [...]

Pitchstone announces that its summer exploration program of core drilling on two eastern Athabasca Basin properties has been completed as planned. Drilling was completed on Pitchstone's 100% owned Gumboot property, and on the Wolverine property that was optioned in early 2009 to the Japan Oil, Gas and Metals National Corporation.

Pitchstone announces that it has agreed to option its share of the Dome Property in the Erongo region of Namibia to Rio Tinto Mining and Exploration Limited. Dome is part of a uranium exploration joint venture between Pitchstone (71%) and private company Manica Minerals Ltd. (29%) through Manica's wholly-owned subsidiary Cheetah Minerals Exploration Ltd. The agreement with Cheetah allows Pitchstone to earn up to 90 [...]

Pitchstone Exploration has completed the previously announced non-brokered private placement and has begun uranium exploration drilling to follow up mineralization intersected in the Athabasca Basin.

Pitchstone has arranged a non-brokered private placement of 5,357,000 units at $0.14 per unit to raise gross proceeds of approximately $750,000. The financing will enable Pitchstone to maintain a cash balance by year end of approximately $1.5 million after completing its 2011 uranium exploration programs. Funds raised by this placement will be used for ex