Fission Energy Corp. (TSXV: FIS) – Positive Results Continue at Waterbury Lake; $8 MM Winter Drill Program to Commence in January 2011

Investment Highlights

• Drilling at the J-Zone discovery on the company’s 50% owned Waterbury Lake property has continued to intersect significant intersections of high grade uranium. We expect the winter drill program should give us sufficient information to quantify the value of the project.
• To date, 28 of 31 drill holes have delineated mineralization over an area 120m X 50m.
• The J-Zone remains open laterally in all directions.
• High grade uranium mineralization continues to be intersected at the unconformity. Mineralization at many of the major deposits in the Athabasca basin, such as Cigar Lake and MacArthur River, occurs at the unconformity

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