Fission Uranium Corp (FCU-V)

Last C$0.78

Mkt Cap C$116 MM

· This morning FCU announced the acquisition of three projects in the Athabasca

· We would call this normal course of business for a junior uranium explorer in the Athabasca and do not expect this news to move the stock

· BUT - stay tuned for further assays from PLS (R0, R390 and R780 zones) - improving exploration results have helped propel this stock 42% above its initial $0.55 listing price post Denison deal about one month ago

· initial ground exploration results are also expected this summer from the adjacent PLN property being optioned by Azincourt (AAZ-TSXV, Not Rated)

· This is an opportunity to find new early stage projects with potential by a technical team that now has two high grade discoveries under their belts in the past three years (J-Zone and PLS), particularly as FCU has some time to give attention to new projects as it is almost starting anew with its exploration project pipeline (PLS notwithstanding) having divested the majority of its exploration ground to Denison

· BEAVER RIVER - N Athabasca - surface outcrop sample assays of 3.66%, 3.37%, and 2.93% U3O8

· THOMPSON LAKE - NW Athabasca - west of Uranium City - 5km west of historic Lorado mine, near other deposits - outcrop grab assays include 2.23% and 0.11% U3O8

· MANITOU FALLS - NE Athabasca - six radiometric anomalies and multiple conductors

· FCU recently added some strength to its Board and advisory board having added William Marsh (Chevron and Pacific Asia China Energy) to the Board and Anthony Mileski (various boards, physical uranium trading and marketing knowledge)