Fission Raises Over $4M From Warrant Exercise

KELOWNA, BRITISH COLUMBIA -- (Marketwired) -- 04/05/13 -- FISSION ENERGY CORP. ("Fission" or the "Company") (TSX VENTURE:FIS)(OTCQX:FSSIF) is pleased to announce that a total of 4,161,720 previously issued warrants have been exercised for total gross proceeds of C$4,098,570. Of the total gross proceeds raised, C$3,740,444 was raised through the exercise of 3,740,722 warrants with an exercise price of C$1.00 and C$357,848 was raised through the exercise of 420,998 warrants with an exercise price of C$0.85.

Dev Randhawa, CEO and Chairman of the Company commented, "To raise this level of finance at this time is a tremendous confirmation of shareholder confidence in our new discovery at PLS and the direction of the company."

The net proceeds from the exercise of the warrants will be used to advance the development of the Company's properties and for general working capital.

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".

ON BEHALF OF THE BOARD

Dev Randhawa, Chairman & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.