Fission Uranium Corp.

Fission Uranium Corp. is a Canada-based uranium exploration company with a major discovery in the Athabasca Basin, home to the world's richest uranium deposits. Headed up by CEO Dev Randhawa, the company's team has made two major uranium discoveries in three years. COO, President and Head Geologist Ross McElroy has been instrumental in five of the last nine major discoveries in the basin. In April 2013, Fission Uranium Corp. was spun out of Fission Energy Corp. as part of a transaction with Denison Mines. Current assets include $17M cash and Patterson Lake South, the Athabasca Basin's new premium uranium discovery.

Expert Comments:

Wayne Hewgill, Mackie Research Capital (4/10/15)
"Fission Uranium Corp. announced results from 16 holes of basement-hosted uranium mineralization on the 780E zone at its 100%-owned Patterson Lake South project. . .highlights from the current angled drilling include 33.5m grading 1.19% U3O8 starting at a depth of 60m, including a higher-grade interval of 14.09% U3O8 over 3.5m. . .the company plans to complete a PEA on the 100%-owned project in summer 2015."

Rob Chang, Cantor Fitzgerald (4/6/15)
"Fission Uranium Corp. has announced assay results from sixteen holes drilled at the R708E zone on the Patterson Lake South (PLS) property. . .all sixteen angled drill holes intersected uranium mineralization, highlighted by drill hole PLS15-303, which hit a section of 14.09% U3O8 over 3.5m (within 1.91% U3O8 over 33.5m). The footprint of the R780E zone has increased on multiple lines along strike, laterally and vertically. The released assays give further indication that the PLS property will continue to grow from the maiden 106 Mlb resource announced in January from the Triple R deposit."

Canaccord Genuity's Morning Coffee (4/1/15)
"Fission Uranium Corp. announced results from 15 angled holes drilled on the R600W, R00E, R780E and R1620E zones at its Patterson Lake South property. . .hole PLS15-372 (line 585W) has intercepted a new high-grade interval ~30m grid north of R600W. . .drilling has also resulted in expansion of the footprint on the R780E and R1620E zones. Of additional importance, two holes (PLS15-328 and PLS15-356) encountered mineralization on line 150E, located in the 225m gap separating R00E from R780E."

Ron Stewart, Macquarie Capital Markets (3/31/15)
"We see the potential for Fission Uranium Corp.'s Patterson Lake South project to be the anchor tenant in an entirely new, high-quality U3O8 district on the southwest margin of the Athabasca basin. . .we believe that the success of the company's winter campaign could translate into a 20–25% increase in the greater than 100 Mlb total mineral inventory on the project."

David Talbot, Dundee Capital Markets (3/31/15)
"We recommend Fission Uranium Corp. as a top pick with a Buy and CA$2.40 per share target. Scintillometer results from 15 angled. . .suggested high-grade assay potential within three western zones. While R780E expansion was likely most significant, the R600W is likely more important to investors due to its early stage. . .this news is positive as it continues to show growth at R600W and high-grade R780E core outside the current 105.5 Mlb U3O8 Triple R resource. . .ongoing news flow should help further expand R600W and Triple R, de-risk the project, and if we are lucky, identify new zones."

Brent Cook, Exploration Insights (3/29/15)
"Fission Uranium Corp. releases scintillometer or assay results from its Patterson Lake South discovery in the Athabasca basin continually. For the most part, results are positive and tend to support our thesis that the Triple R deposit will grow, and that the potential for additional discoveries is excellent. . .results are meeting our expectations."

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