FIS Fission Energy Corp.

FISSION ENERGY CORP. ("Fission" or the "Company") (TSX
VENTURE:FIS)(OTCQX:FSSIF)(FRANKFURT:6F5) is pleased to announce that the
previously announced plan of arrangement (the "Arrangement") with Denison Mines
Corp. ("Denison") has been approved by the Supreme Court of British Columbia
(the "Court"). Pursuant to the Arrangement, Denison will acquire all of the
outstanding common shares of Fission with Fission spinning out certain assets
into a newly-incorporated exploration company, Fission Uranium Corp. ("Fission
Uranium"). 


The Arrangement is subject to final approval by the TSX Venture Exchange (the
"TSX-V"). Completion of the Arrangement is expected to occur on April 26, 2013
following which, Fission shares will be delisted from the TSX-V. Fission Uranium
has applied to list on the TSX-V and subject to TSX-V's approval of its listing,
it will begin trading on or about April 29, 2013. 


Additional information regarding the terms of the Arrangement are set out in
Fission's management information circular dated March 22, 2013, which is
available under Fission's profile at www.sedar.com.


About Fission Energy Corp. 

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. Common Shares are listed on the TSX
Venture Exchange under the symbol "FIS". 


Additional information about Fission is available on Fission's website at
www.fission-energy.com or under its profile on SEDAR at www.sedar.com.


ON BEHALF OF THE BOARD

Dev Randhawa, Chairman & CEO

Cautionary Statement: Certain information contained in this press release
constitutes "forward-looking information", within the meaning of Canadian
legislation concerning the completion of the Arrangement. Generally, these
forward-looking statements can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words and phrases or
state that certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur", "be achieved" or "has the potential to". Forward
looking statements contained in this press release may include statements
regarding our ability to complete the Arrangement and listing of Fission Uranium
which involve known and unknown risks and uncertainties which may not prove to
be accurate. Actual results and outcomes may differ materially from what is
expressed or forecasted in these forward-looking statements. Such statements are
qualified in their entirety by the inherent risks and uncertainties surrounding
future expectations. Among those factors which could cause actual results to
differ materially are the following: uncertainties as to the timing of the
Arrangement and satisfaction of the conditions thereto, market conditions and
other risk factors listed from time to time in our reports filed with Canadian
securities regulators on SEDAR at www.sedar.com. The forward-looking statements
included in this press release are made as of the date of this press release and
the Company disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as expressly required by applicable securities
legislation.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Fission Energy Corp.
Rich Matthews
Investor Relations
TF: 877-868-8140
ir@fission-energy.com
www.fission-energy.com

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