KELOWNA, BRITISH COLUMBIA--(Marketwire - June 4, 2012) - FISSION ENERGY CORP. ("Fission" or the "Company") (TSX VENTURE:FIS)(OTCQX:FSSIF) and its Limited Partner, the Korea Waterbury Uranium Limited Partnership ("the Waterbury Consortium"), announce the completion of the 2012 winter drill program at the Waterbury Lake Property in the Athabasca Basin. A total of 32,770m were completed in 86 drill holes, while two additional holes were abandoned for technical reasons. Drilling focused primarily on central and western parts the J Zone where 40 of the 49 step-out and infill holes successfully widened the lateral north-south mineralized dimensions by up to 55m and confirmed continuity of wide widths of mineralization in areas tested by earlier programs. Hand held scintillometer results for 21 drill holes were previously reported, including several wider, well developed intervals of mineralization in four infill drill holes in the western part of the J Zone (see press release dated January 31, 2012), and three step-out holes drilled laterally to the north of the central J Zone boundary, which intersected discrete intervals of "off-scale" (greater than 9999 cps) radioactivity within wide intervals of well developed mineralization in the sandstone and the basement immediately below the unconformity (see press release dated February 21, 2012). The remaining 37 drill holes were completed in the Summit Zone (12 holes) located 525m west of the J Zone, in addition to several other high priority regional exploration targets including Murphy Lake (14 holes), Oban (3 holes), Oban North (3 holes) and Chivas (5 holes). Fission's technical team is encouraged by the initial results from Murphy Lake, located in the northwest part of the Waterbury Lake Property, where Holes WAT12-273, 279, and 287A demonstrated potential to host new high grade mineralization, and Oban where holes WAT12-285A, 292 and 296A all intersected anomalous radioactivity near the unconformity. Assays are pending for all 86 holes.
J Zone Highlights
Highlights of the Winter 2012 J Zone drilling include:
-- Of the 49 drill holes completed in the J Zone, 40 or 81.6% intersected
mineralization with radioactivity ranging from anomalous to "off-scale"
in the sandstone, at the unconformity, and in the basement. Two holes,
WAT12-224B and WAT12-235A were abandoned for technical reasons.
-- In the central and western part of the J Zone, step-out drilling widened
the lateral north-south dimensions in many areas by up to 55m. Infill
drilling confirmed the continuity of J Zone mineralization with wide
intervals of well developed mineralization observed in many drill holes.
-- Mineralization in the central part of the J Zone (Line 225W to Line
435W) was intersected in the sandstone above the unconformity, extending
through the unconformity into the basement.
-- Mineralization in the western part of the J Zone (Line 450W to Line
495W) was intersected in the sandstone, at the unconformity, and the
basement.
-- The western part of the J Zone from Line 510W to Line 540W is
predominantly basement hosted mineralization, and has been intersected
up to 31m below the unconformity (down-hole depth). In addition, holes
WAT12-294 and 297 (Line 765W) collared a further 225m west of Hole
WAT12-281 (Line 525W), intersected basement hosted mineralization at
25.4m and 26.5m below the unconformity, respectively. These two drill
holes further demonstrate the potential for continued expansion of the J
Zone's strike length to the west.
-- Discrete levels of "off-scale" (greater than 9999 cps) radioactivity
were observed in a total of 6 drill holes: Holes WAT12-237B (Line 285W),
Hole WAT12-242,244 and 247 (Line 300W), WAT12-280 (Line 325W), and
WAT12-284C (Line 525W).
-- The J Zone's east-west strike length now extends 667m from the eastern
Rio Tinto property boundary, where modelling has determined that the J
East Zone mineralization is connected with the main J Zone, west to Hole
WAT12-281 (Line 525). Mineralization continues to trend to the west and
remains open along strike and laterally to the north and south.
Significant scintillometer results in the western part of the J Zone trending west from Line 300W to Line 525W, in addition to Line 765W, 225m west of the current J Zone boundary, include the following drill holes:
Hole WAT12-280 (Line 300W) intersected 10.5m of anomalous to "off-scale" radioactivity (greater than 9999 cps) at the unconformity (209.0m-219.5m), in the vicinity where three previously announced drill holes, WAT12-242,244 and 247 (see press release dated February 21, 2012), expanded mineralization in the sandstone and at the unconformity.
Hole WAT12-300 (Line 375W) intersected 13.5m (213m-226.5m) of anomalous to strong mineralization in the basement (maximum peak 8500 cps) and a narrower 2.0m interval (209.0m-211m) of weak radioactivity (maximum peak 345 cps).
Hole WAT12-302 (Line 375W) intersected 11.0m (215.0m-226m) of anomalous to moderately strong radioactivity (maximum peak 5500 cps) in the basement and a narrow 0.5m interval(228.5m-229.0m) of weak radioactivity (maximum peak 308 cps) below this wider intersection.
Hole WAT12-293 (Line 390W) intersected 15.5m (211.0m-226.5m) of anomalous to moderate radioactivity (maximum peak 2650 cps) at the unconformity, and 5.5m (228.0m-233.5m) of anomalous to moderate radioactivity (maximum peak 2000 cps) in the basement.
Hole WAT12-295 (Line 390W) intersected 15m (201.0-216.5m) of anomalous to moderately strong radioactivity (maximum peak 2700 cps) at the unconformity, and 2.5m (219.0m-221.5m) of variable radioactivity, with a maximum peak of 2500 cps, in the basement.
Hole WAT12-298 (Line 390W) intersected 10m (219.5m-229.5) of anomalous to locally strong radioactivity (maximum peak 7200 cps) at the unconformity, in addition to two narrow intervals, 1.5m (215.5m-217.0) of weaker radioactivity (maximum peak 456 cps) in the sandstone above the unconformity and 2.0m (234.5m-236.5m) in the basement (maximum peak 628 cps).
Hole WAT12-284C (line 525W) intersected 2.0m (273.0m-275.0m) with intervals of moderate to "off-scale" radioactivity (1200cps-greater than 9999 cps) in the basement, in addition to 5.0m (281.0-286.0) of anomalous to moderate radioactivity readings (maximum peak 3700 cps) and 5.5m (263.0m-268.5m) of weaker radioactivity (maximum peak 620 cps), also in the basement.
Holes WAT12-294 and 297 (Line 765W) drilled approximately 225m west of Hole WAT12-281 (Line 525W), both intersected 1.5m (234.0m-235.5m and 240.0m-241.5m respectively) of moderate radioactivity (maximum peaks 2820 and 3400 cps respectively) in the basement.
Table 1: J Zone Drill Hole Summary
----------------------------------------------------------------------------
(i) Mineralization
(greater than
300 cps / 0.5M Clay Uncon-
minimum) Alteration formity Total
Hole Grid From - Width CPS Max From - Depth Depth
ID Line Az Dip To (m) (m) Peak To (m) (m) (m)
----------------------------------------------------------------------------
WAT12 less than
-249A 315W 179 -73 208.0-215.5 7.5 300-2700 203.0-217.0 207.0 320.0
----------------------------------------------------------------------------
WAT12
-253B 315W 178 -71 211.0-218.5 7.5 400-5000 206.0-255.0 207.5 332.0
----------------------------------------------------------------------------
WAT12
-257A 315W 177 -76 201.0-201.5 0.5 320 182.0-205.0 201.7 347.0
----------------------------------------------------------------------------
WAT12
-261 345W 177 -72 206.0-207.5 1.5 1600-4400 204.0-209.0 201.2 335.0
----------------------------------------------------------------------------
WAT12 less than
-265B 213.5-215.5 2.0 300-3200
345W 177 -70 225.5-226.5 1.0 2600-4500 212.0-217.0 216.0 329.0
----------------------------------------------------------------------------
WAT12 204.0-205.0 1.0 less than
-269B 260W 178 -71 208.0-210.0 2.0 300-951 200.0-209.0 209.4 323.0
----------------------------------------------------------------------------
WAT12
-274 285W 179 -60 230.5-231.5 1.0 899 - 1500 190.0-221.0 233.9 320.0
----------------------------------------------------------------------------
WAT12 less than
-275 222.0-236.5 14.5 300-2007
240.0-240.5 0.5 1300
less than
495W 179 -60 260.5-262.5 2.0 300-804 208.0-236.0 233.9 320.0
----------------------------------------------------------------------------
WAT12 less than
-277 213.5-215.5 2.0 300-1530
255W 161 -70 237.0-238.0 1.0 339-402 212.0-217.0 216.7 302.0
----------------------------------------------------------------------------
WAT12 less than
-278 205.5-208.5 3.0 300-1400
211.5-212.0 0.5 650
450W 185 -68 224.5-225.0 0.5 558 198.0-224.0 211.8 305.0
----------------------------------------------------------------------------
WAT12 less than
-280 300 -
greater than
300W 177 -70 209.0-219.5 10.5 9999 191.0-211.0 213.1 332.0
----------------------------------------------------------------------------
WAT12 less than
-281 263.0-267.0 4.0 300-2100
269.0-272.5 3.5 447-4500
less than
525W 179 -56 276.0-281.5 5.5 300-1500 244.0-256.0 255.7 342.5
----------------------------------------------------------------------------
WAT12 204.0-204.5 0.5 400
-283 207.5-208.5 1.0 450-720
less than
300W 179 -71 212.5-219.0 6.5 300-1000 201.0-219.0 208.2 320.0
----------------------------------------------------------------------------
WAT12 less than
-284C 263.0-268.5 5.5 300-620
1200-
greater than
273.0-275.0 2.0 9999
less than
525W 177 -55 281.0-286.0 5.0 300-3700 241.0-255.0 255.0 332.0
----------------------------------------------------------------------------
WAT12 No
-286 Significant
Miner-
405W 175 -62 alization 218.0-226.0 233.0 315.0
----------------------------------------------------------------------------
WAT12 200.5 -
-288 204.5 less than
4.0 300-678
207.0 - less than
540W 177 -70 208.5 1.5 300-800 188.0-212.0 226.9 320.0
----------------------------------------------------------------------------
WAT12 No
-289 Significant
Miner-
390W 177 -51 alization 244.0-247.0 268.3 323.0
----------------------------------------------------------------------------
WAT12 No
-290 Significant
Miner-
390W 179 -71 alization 197.0-206.0 204.7 323.0
----------------------------------------------------------------------------
WAT12 less than
-293 211.0-226.5 15.5 300-2650
less than
390W 178 -66 228.0-233.5 5.5 300-2000 209.0-234.0 222.0 323.0
----------------------------------------------------------------------------
WAT12
-294 765W 175 -74 234.0-235.5 1.5 515-2820 203.0-215.0 210.1 314.0
----------------------------------------------------------------------------
WAT12 201.5-216.5 15.0 300-2700
-295 390W 176 -70 219.0-221.5 2.5 353-2500 203.0-215.0 207.9 314.0
----------------------------------------------------------------------------
WAT12
-297 765W 185 -72 241.0-241.5 1.5 2360-3400 216.0-220.0 215.0 302.0
----------------------------------------------------------------------------
WAT12 less than
-298 215.5-217.0 1.5 300-456
219.5-229.5 10.0 360-7200
390W 171 -65 234.5-236.5 2.0 351-628 197.0-231.0 228.0 320.0
----------------------------------------------------------------------------
WAT12 No
-299 Significant
Miner-
570W 169 -55 alization 217.0-226.0 200.0 329.0
----------------------------------------------------------------------------
WAT12 less than
-300 209.0-211.0 2.0 300-345
less than
375W 175 -67 213.0-226.5 13.5 300-8500 196.0-206.0 200.0 329.0
----------------------------------------------------------------------------
WAT12 No
-301 Significant
Miner-
570W 159 -60 alization 215.0-234.0 212.3 314.0
----------------------------------------------------------------------------
WAT12 less than
-302 215.0-226.0 11.0 300-5500
375W 178 -69 228.5-229.0 0.5 308 212.0-219.0 212.3 314.0
----------------------------------------------------------------------------
WAT12 No
-303 Significant
Miner-
600W 180 -57 alization 199.0-200.0 237.5 329.0
----------------------------------------------------------------------------
WAT12 less than
-304A 207.5-209.5 2.0 300-1600
213.5-216.0 2.5 398-1185
285W 155 -72 289.5-290.5 1.0 493-565 196.0-217.0 208.6 299.0
----------------------------------------------------------------------------
Drill holes measured with either an Exploranium RS-125 total count Super
Gamma-Ray Scintillometer or an Exploranium GR-110G Scintillometer
Summit Zone
The Summit Zone, located approximately 525m west of the J Zone, was targeted for further exploration, based on results from Hole WAT11-199, drilled 30m west of Hole WAT11-153A from Lines 1430W to 1480W (See press release dated November 14, 2011). Of the 12 follow-up holes completed to test for extensions of the basement mineralization in the vicinity of these two holes, 6 intersected narrow widths of weak radioactivity, mostly in the basement, and 6 holes were barren. Hole WAT12-251 (Line 1470W) showed the best result, intersecting 1.5m (254.0m-255.5) of weak to moderately strong radioactivity (maximum peak 3800 cps) in the basement. Further drilling is required to assess this area.
Hole WAT12-243: In addition to the weak uranium mineralization intersected from 238.5-241.5m and 243.5-245.0m, massive Nickel-Arsenic-Cobalt sulphide mineralization was intersected from 258.5-265.0m.
Table 2: Summit Zone Drill Hole Summary
----------------------------------------------------------------------------
(i) Mineralization
(greater than
300 cps / 0.5M Clay Uncon-
minimum) Alteration formity Total
Hole Grid From - Width CPS Max From - Depth Depth
ID Line Az Dip To (m) (m) Peak To (m) (m) (m)
----------------------------------------------------------------------------
WAT12- 238.5-241.5 3.0 310-575
243 1445W 181 -63 243.5-245.0 1.5 690-1100 227.0-245.0 241.0 350.0
----------------------------------------------------------------------------
WAT12- No Significant
246 1455W 185 64 Mineralization 231.0-251.0 245.2 350.0
----------------------------------------------------------------------------
WAT12- No Significant
248 1470W 200 61 Mineralization 224.0-246.0 248.1 347.0
----------------------------------------------------------------------------
WAT12-
251 1470W 195 -64 254.0-255.5 1.5 850-3800 232.0-247.0 239.5 350.0
----------------------------------------------------------------------------
WAT12- No Significant
254A 1440W 178 -70 Mineralization 216.0-227.0 226.0 332.0
----------------------------------------------------------------------------
WAT12- No Significant
256 1425W 175 -74 Mineralization 216.0-218.0 212.4 395.0
----------------------------------------------------------------------------
WAT12- No Significant
260B 1440W 179 -64 Mineralization 226.0-239.0 236.7 314.0
----------------------------------------------------------------------------
WAT12-
262 1440W 177 -57 270.5-271.0 0.5 580 209.0-259.0 255.4 315.0
----------------------------------------------------------------------------
WAT12- 255.0-255.5 0.5 388
266 1410W 176 -61 294.0-295.0 1.0 359-439 215.0-241.0 241.5 329.0
----------------------------------------------------------------------------
WAT12-
268 1485W 184 -56 269.5-270.0 0.5 437 265.0-272.0 269.8 350.0
----------------------------------------------------------------------------
WAT12- 276.5-277.0 0.5 390 220.0-243.0
271 1410W 178 -56 299.5-300.5 1.0 351-368 262.0-266.0 260.6 308.0
----------------------------------------------------------------------------
WAT12- No Significant
291 1410W 179 -56 Mineralization 241.0-291.0 258.3 329.0
----------------------------------------------------------------------------
Murphy Lake
Murphy Lake is a high priority prospective area for discovering new high grade mineralization. Fourteen holes were completed to follow-up limited drilling completed during the 2011 summer drill program. Significantly, the final three holes completed at Murphy Lake, Holes WAT12-273, 279, and 287A (Line 6150W) intersected basement mineralization associated with the M8 Conductor located at the south end of the Murphy Lake Corridor, with Hole WAT12-273 intersecting 6 intervals with widths from 0.5m to 8.5m of anomalous radioactivity ranging from less than 300 cps to a maximum peak of 1000 cps. The southern region of the Murphy Lake Corridor is characterized by faulting associated with the flexure of the conductor system around the southern edge of an interpreted granitic dome. Further drilling is required to test this area.
Table 3: Murphy Lake Drill Hole Summary
----------------------------------------------------------------------------
(i) Mineralization
(greater than Clay
300 cps / 0.5M Alter- Uncon-
minimum) ation formity Total
Hole Grid From - Width CPS Max From - Depth Depth
ID Line Az Dip To (m) (m) Peak To (m) (m) (m)
----------------------------------------------------------------------------
WAT12 No Significant
-217A M2 108 -89 Mineralization 271.6 557.0
----------------------------------------------------------------------------
WAT12 No Significant
-223A M1 250 -88 Mineralization 271.1 330.0
----------------------------------------------------------------------------
WAT12 No Significant
-227 M3 180 -56 Mineralization 295.6 509.0
----------------------------------------------------------------------------
WAT12 No Significant
-233 M5 71 -69 Mineralization 319.7 511.0
----------------------------------------------------------------------------
WAT12 No Significant
-239 M7 82 -72 Mineralization 303.9 428.0
----------------------------------------------------------------------------
WAT12 No Significant
-241 M8 91 -71 Mineralization 297.6 440.0
----------------------------------------------------------------------------
WAT12 No Significant
-245A M13 185 -64 Mineralization N/A 130.0
----------------------------------------------------------------------------
WAT12 No Significant
-250A M9A 76 -70 Mineralization 315.5 491.0
----------------------------------------------------------------------------
WAT12 No Significant
-258 M10 0 -89 Mineralization 302.0 443.0
----------------------------------------------------------------------------
WAT12 No Significant
-263 M12 0 -89 Mineralization 291.8 440.0
----------------------------------------------------------------------------
WAT12 No Significant
-270 M11 0 -89 Mineralization 302.0 359.0
----------------------------------------------------------------------------
WAT12 less than
-273 389.5-391.5 2.0 300-320
less than
414.5-423.0 8.5 300-370
less than
435.0-438.0 3.0 300-380
442.5-443.5 1.0 300-330
450.0-451.5 1.5 420-1000 250.0-
6150W 90 -75 461.0-461.5 0.5 330 266.0 336.0 470.0
----------------------------------------------------------------------------
WAT12 463.5-464.0 0.5 360 355.0-
-279 6150W 94 -66 478.5-479.0 0.5 558 359.0 356.7 512.0
----------------------------------------------------------------------------
WAT12 87 -71 440.0-440.5 0.5 701
-287A less than
6150W 90 -75 462.0-464.0 2.0 300-602 342.9 499.0
----------------------------------------------------------------------------
Oban, Oban North, and Chivas
The Oban Corridor parallels the Discovery Bay Corridor, which hosts the high grade J Zone uranium discovery, approximately 4 km to the south. Three holes were drilled at Oban. The Oban North Corridor is located immediately north of Oban and is characterized by a conductor system oriented to the NW. Three holes were drilled at Oban North. The Chivas Corridor is an approximate east-west oriented conductor system located approx. 3km to the west and on strike of Oban. Five holes were drilled at Chivas. Drilling at Oban, Oban North and Chivas represent Fission's ongoing regional exploration designed to test prospective geophysical anomalies identified by earlier geophysical surveys.
All three holes at Oban (O2 Conductor) intersected mineralization in both the sandstone above the unconformity and in the basement. The best result was received from Hole WAT12-296A, which intersected 5.0m (243.0m-248.0m) of anomalous to moderate readings of radioactivity (maximum peak 2600 cps) in the basement.
No significant mineralization was identified at Oban North or Chivas.
Table 4: Oban Drill Hole Summary
----------------------------------------------------------------------------
(i) Mineralization
(greater than
300 cps / 0.5M Clay Uncon-
minimum) Alteration formity Total
Grid From - Width CPS From - Depth Depth
Hole ID Line Az Dip To (m) (m) Max Peak To (m) (m) (m)
----------------------------------------------------------------------------
WAT12-
285A O2 171 -60 268.0-269.0 1.0 1515 257.0-260.0 261.8 500.0
----------------------------------------------------------------------------
WAT12- less than
292 O2 172 -59 264.5-268.0 3.5 300-870 270.0-274.0 270.0 449.0
----------------------------------------------------------------------------
WAT12- less than
296A O2 170 -60 243.0-248.0 5.0 300-2600 247.0-268.0 206.0 388.0
----------------------------------------------------------------------------
Oban North
Table 5: Oban North Drill Hole Summary
----------------------------------------------------------------------------
(i) Mineralization
(greater than
300 cps / 0.5M Clay Uncon-
minimum) Alteration formity Total
CPS
Hole Grid From - Width Max From - Depth Depth
ID Line Az Dip To (m) (m) Peak To (m) (m) (m)
----------------------------------------------------------------------------
WAT12- No Significant
272A O3 178 -56 Mineralization 248.0 401.0
----------------------------------------------------------------------------
WAT12- No Significant
276 O3 57 -61 Mineralization 248.0-255.0 249.1 403.0
----------------------------------------------------------------------------
WAT12- No Significant
282 O3 52.8 -60 Mineralization 259.0 383.0
----------------------------------------------------------------------------
Chivas
Table 6: Chivas Drill Hole Summary
----------------------------------------------------------------------------
(i) Mineralization
(greater than
300 cps / 0.5M Clay Uncon-
minimum) Alteration formity Total
Hole Grid From - Width CPS From - Depth Depth
ID Line Az Dip To (m) (m) Max Peak To (m) (m) (m)
----------------------------------------------------------------------------
WAT12- No Significant
252 C1 326 -70 Mineralization 332.6 469.0
----------------------------------------------------------------------------
WAT12- No Significant
255 C3 334 -61 Mineralization 357.6 428.0
----------------------------------------------------------------------------
WAT12- No Significant
259 C2 330 -67 Mineralization 337.0 452.0
----------------------------------------------------------------------------
WAT12- No Significant
264 C5 94 -67 Mineralization 323.9 437.0
----------------------------------------------------------------------------
WAT12- No Significant
267 C4 176 -66 Mineralization 311.0-313.0 311.5 431.0
----------------------------------------------------------------------------
Four updated drill hole maps for the J Zone, including a larger scale map showing the J Zone within the East-West Corridor, in addition to maps for the Summit Zone, Murphy Lake, Oban/Oban North, and Chivas can be found on the Company's website at
http://www.fission-energy.com/s/WaterburyLake.asp Assay results will be announced when available.
All holes were radiometrically surveyed with a Mount Sopris 2GHF Triple Gamma probe. The triple gamma probe uses both a Na-I scintillation crystal and a ZP1320 High-Flux Geiger-Mueller tube pair, which allows better resolution in strongly radiometric intervals.
Natural gamma radiation in drill core that is reported in this news release was measured in counts per second (cps) using either a hand held Exploranium GR-110G total count gamma-ray scintillometer, or a hand held Exploranium RS-125 total count Super Gamma-Ray Scintillometer. 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. All intersections are down-hole, core interval measurements and true thickness is yet to be determined.
Split core samples from the mineralized section of core will be taken continuously through the mineralized intervals and submitted to SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for analysis, which includes U3O8 (wt %) and fire assay for gold. All samples sent for analysis will include a 63 element ICP-OES, uranium by fluorimetry (partial digestion) and boron.
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 Energy Corp., a Qualified Person.
FISSION ENERGY 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. FISSION ENERGY CORP. Common Shares are listed on the TSX Venture Exchange under the symbol "FIS" and on the OTCQX Exchange under the symbol "FSSIF".
Korea Waterbury Uranium Limited Partnership ("Waterbury Consortium") is a consortium primarily comprised of Korean-based companies. The Consortium is led by Korea Electric Power (KEPCO). Other participating companies include: Korea Hydro & Nuclear Power, Korea Nuclear Fuel Co., Hanwha Corp. and Gravis Capital Corp., a private Canadian uranium investment company.
Fission Energy owns 60% and the Korea Waterbury Uranium Limited Partnership owns 40% of the Waterbury Lake Uranium Limited Partnership.
Korea Electric Power Corporation (KEPCO) is a Korean government-invested diversified energy company with over $83-billion (U.S.) in assets. The company is involved in the generation, transmission and distribution of electrical power from nuclear, hydro, coal, oil and LNG sources worldwide. Korea Electric Power provides electricity to almost all households in Korea and operates 20 nuclear power plants in the country with six more under development. The company has over 30,000 employees and is listed on the Korean Stock Exchange and the New York Stock Exchange. (
www.kepco.co.kr)
This press release contains "forward-looking information" that is based on Fission's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Fission's development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Fission's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Fission disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.
ON BEHALF OF THE BOARD
Ross McElroy, President & COO