Uranium

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Summary of today's news as follows ... pre-market doesn't look like much action:

Fission Intersects 14.5m of 7.84% U3O8 on 60m Step-Out

FISSION ENERGY CORP. (TSX VENTURE:FIS)(OTCQX:FSSIF)

and its Limited Partner, the Korea Waterbury Uranium Limited Partnership ("the Waterbury Consortium"), announce J Zone assay results for fourteen previously completed vertical step-out drill holes: WAT11-113 to 131.

Hole WAT11-131 located ~60m west of Hole WAT10-103 (see news release dated February 7, 2011) has intersected the strongest high-grade uranium intersection at the J Zone to date: 14.5m grading 7.84% U3O8, including 2.0m of 46.15% U3O8.

In addition, drilling has now successfully traced mineralization further to the west, connecting the J Zone to the Highland Zone and extending the east-west mineralized strike length of the J Zone from ~120m to ~235m or by 95% since drilling resumed in January. Drilling is continuing at the J Zone, which remains open in all directions.

About the company

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".

Last Sale: 0.78 52 Week Range: 0.39 - 1.50 Market Cap: 54.06M

For more information, please contact

Fission Energy Corp.

Bob Hemmerling

Investor Relations

TF: 877-868-8140

info@fission-energy.com

www.fission-energy.com

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