November 1, 2013 - 7:00 PM EDT

FCU:CA 1.03 -0.02 Today 5d 1m 3m 1y 5y 10y

FCUUF 1.0026 -0.0074 Today 5d 1m 3m 1y 5y 10y

KELOWNA, BRITISH COLUMBIA--(Marketwired - Nov. 1, 2013) - Fission Uranium Corp. (TSX VENTURE:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission" or the "Company") is pleased to announce that the Company has mailed its Management Information Circular dated October 29, 2013 (the "Circular") in connection with its previously announced spinout transaction (the "Fission Spinout") and arrangement with Alpha Minerals Inc. The special meeting of Fission securityholders to vote on the Fission Spinout is scheduled for November 28, 2013. The Company encourages all shareholders and optionholders to review the Circular and vote in favour of the Fission Spinout.

The Company would also like to advise that on page E-29 of Appendix "E" to the Circular it was inadvertently stated that the TSX-V had conditionally approved for listing the common shares of Fission 3.0 Corp. As stated on pages 30, 77 and 78 of the Circular and page E-24 of Appendix "E" to the Circular, the Company will apply to the TSX-V for the listing of common shares of Fission 3.0 Corp., and submitted such application on October 31, 2013, however, it has not yet received conditional approval of the TSX-V for such listing.

About Fission Uranium Corp.

Fission Uranium 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. Common Shares are listed on the TSX Venture Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S. under the symbol "FCUUF".

ON BEHALF OF THE BOARD

Dev Randhawa, Chairman & CEO