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Re:   News Release - Monday, March 22, 2010
      Fission Energy Hits "Off-Scale" Radioactivity on 3 more Vertical
      Step-Out Holes to Extend J-Zone 40 x 80 Metres
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FISSION ENERGY CORP. ("Fission" or the "Company") announces it has
completed four additional vertical oriented step-out drill holes
(WAT10-081, 083B, 085, and 087), which have extended the J-Zone's
east-west trending mineralized strike length to approximately 80m and
40m wide, north-south. All four drill holes intersected highly
radioactive mineralization at the unconformity, with holes 081, 083B
and 087 identifying "off-scale" (cps > 9,999) radioactivity totalling
1.15m, 2.42m, and 1.05m respectively.

Drill holes WAT10-081, 085, and 087 were drilled to the west along
strike, with hole 087 now being the furthest step-out to the west. Hole
WAT10-083B has extended mineralization approximately 10m to the north
of hole WAT10-074, which intersected 3.5m of highly radioactive
mineralization; assays pending (see news release dated March 8, 2010).
These latest four drill holes continue to demonstrate that
mineralization is trending laterally to the west, in addition to
remaining open both to the north and south. The current winter drill
program is expected to be completed by the end of March.

An updated map of the J-Zone showing the location of the latest four
drill holes and a table summarizing Drill Core Hand-Held Scintillometer
Readings can be found on the Company's website at
http://www.fission-energy.com/s/WaterburyLake.asp

Drill Hole Summary

All holes reported herein are collared at a vertical orientation, and
terminated within unaltered basement rocks.  Given that the
mineralization thus far encountered appears to be almost flat-lying,
drill intercepts reported herein are approximately true thickness.
Results for the latest holes are summarized as follows:

Hole WAT10-083B intersected 6.5m of highly radioactive mineralization
(195m-201.5m), including four intercepts totalling 2.42m of "off scale"
radioactivity within a broad interval of anomalous and variable
radioactivity from 192.5m to 202.0m.  "Off-scale" radioactivity begins
at 195.5m, just above the unconformity. The hole encountered strongly
fractured rock from 40m above the unconformity to 202.0m. Moderate clay
alteration was intersected from 176.7m to 194.0m and very strong
hematite and chlorite clay alteration above and below the unconformity
from 194.0m to 202.0m. Strong to moderate clay alteration continues to
228.4m and persists less intensely to 241.5m. 

The basement rocks from the unconformity to 296.0m (EOH) comprise a
package of metapelitic gneiss (locally graphitic), with intermittent
pegmatite-rich intervals. 

WAT10-083Bwas collared 10m northeast of hole WAT10-074 and completed to
a depth of 296.0m. The unconformity was intersected at approximately
196.7m.

Hole WAT10-081 intersected 3.0m of highly radioactive mineralization
(201.5m-204.5), including a 1.15m (203.0-204.15) intercept of
"off-scale" radioactivity within an interval of anomalous and variable
radioactivity from 197.0m to 205.0m.  A strongly fractured and clay
altered interval was encountered  above and below the unconformity from
189.15m to 204.0m with intense hematite and chlorite clay alteration
from 198.5m to 205.5m.  Moderate clay alteration continues to 226.0m,
and intermittently from 245.0m to 251.0m. 

The basement rocks from the unconformity to 265.4m comprise a package
of metapelitic gneiss (locally graphitic).  A quartz-feldspar gneiss
was intersected from 263.5m to 275.0m (EOH).

WAT10-081 was collared 10m southwest of hole WAT10-077 and completed to
a depth of 275.0m, with the unconformity intersected at approximately
199.9m.

Hole WAT10-087 intersected a 3.5m interval of highly radioactive
mineralization (194.0m-197.5m), including two intercepts totalling
1.05m of "off-scale" hand scintillometer readings within an interval of
anomalous and variable radioactivity from 190.5m to 200.0m. This hole
encountered intermittent moderate to strong chlorite and hematite clay
alteration from above and below the unconformity from 191.0m to 206.0m.
 Moderate to locally strong clay alteration persists to 252.0m.  A
graphitic and clay-rich fault zone from 260.0m to 266.0m was
intersected.

The basement rocks from the unconformity to 284.0m (EOH) comprise a
package of metapelitic gneiss (locally graphitic), with intermittent
pegmatite-rich intervals. 

WAT10-087 hole was collared 10m north-west of hole WAT10-085 and
completed to a depth of 281.0m, with the unconformity intersected at
approximately 195.55m.

Hole WAT10-085 intersected an interval of anomalous and variable
radioactivity (194.0m to 205.0m) with the strongest radioactivity
within a 6.0m interval from 195.5m to 202.5m (up to 9,200 cps). This
hole encountered moderately intense fractured rock from 25m above the
unconformity to 188.0m, and strongly fractured rock from 188.0m to
215.0m.  A continuous and wide interval of moderate to strong clay
alteration was encountered from 183.0m to 239.2m, including moderate
hematite and chlorite alteration above and below the unconformity from
189.0m to 210.4m.  A wide graphitic and clay-rich fault zone from
228.5m to 238.6m was intersected.

The basement rocks from the unconformity to 284.0m (EOH) comprise a
package of metapelitic gneiss (locally graphitic), with intermittent
pegmatite-rich intervals. 

WAT10-085 was collared 13m west of hole WAT10-074 and completed to a
depth of 284.0m, with the unconformity intersected at approximately
196.1m.

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 a hand held
Exploranium GR-110G total count 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, platinum and palladium.  All samples sent for
analysis will include a 63 element ICP-OES, uranium by fluorimetry
(partial digestion) and boron.  Chemical results will be released when
received.   Further updates will be provided. 

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".

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"

Ross McElroy, President & COO

ON BEHALF OF THE BOARD
Investor Relations
Bob Hemmerling
TF: 877-868-8140
info@fission-energy.com
www.fission-energy.com

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Copyright (c) 2010 FISSION ENERGY CORP. (FIS)  All rights reserved.
For more information visit our website at
http://www.fission-energy.com/ or send mailto:info@fission-energy.com
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