FIS Fission Energy Corp.

FISSION ENERGY CORP. ("Fission" or the "Company") (TSX VENTURE:FIS) is pleased
to announce that its previously announced plan of arrangement (the
"Arrangement") with Denison Mines Corp.("Denison") has closed. Pursuant to the
Arrangement, Denison acquired all of the outstanding common shares of Fission
(the "Fission Shares") with Fission spinning out certain assets into a
newly-incorporated exploration company, Fission Uranium Corp. ("Fission
Uranium"). Under the Arrangement, each Fission Share was exchanged for 0.355 of
a common share of Denison, a nominal cash amount of $0.0001 and a common share
of Fission Uranium. 


On April 23, 2013, Fission shareholders and optionholders overwhelmingly voted
in favour of the special resolution approving the Arrangement. The Arrangement
received final approval of the British Columbia Supreme Court and TSX Venture
Exchange (the "TSX-V") on April 25, 2013. 


In addition, Fission provided approximately C$17 million in funding to Fission
Uranium. With the completion of the Arrangement, we are advised that Fission
Shares will cease trade on the TSX-V upon close of business on Monday, April 29,
2013 and are expected to be de-listed shortly after that. Fission Shares trading
during this time represent only an entitlement to receive the consideration
under the Arrangement, as described above. Fission Uranium common shares are
expected to commence trading on the TSX-V on Wednesday, May 1, 2013 under the
symbol "FCU". 


All unexercised Fission options and warrants will be exercisable for common
shares of Denison and Fission Uranium on similar terms, adjusted in respect of
exercise price and number, using the same exchange ratio as for the Fission
Shares. 


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". 


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. 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 potential spin-out and listing of
Fission Uranium and the future operating or financial performance of Fission and
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: 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 and Fission Uranium disclaim 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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