FIS Fission Energy Corp.

FISSION ENERGY CORP. ("Fission" or "the Company") (TSX VENTURE:FIS)(OTCQX:FSSIF)
and its Joint Venture partner Alpha Minerals Inc. are pleased to announce
results from a further 10 holes completed in the Winter 2013 exploration program
at the Patterson Lake South (PLS) property.


In close spaced delineation drilling, an additional 5 holes have been completed
in the area west of the November 2012 discovery on Line 000. All 5 of the holes
are mineralized. As well, 5 close-spaced holes were drilled from 90 to 105m east
of Line 000. Results show well developed alteration in all 5 holes and weak
mineralization in 2 holes on Line 090E (PLS13-028 and 032). 


Drilling Highlights include:



--  Expansion of the flat-lying, shallow depth on L025W to approx. 50m
    width, north-south. The zone remains open in all directions. 
    
    --  PLS13-029 (L025W): 34.0m interval of continuous mineralization;
        including discrete intervals totaling of 1.88m of "off-scale"
        radioactivity (greater than 9999 cps) 
        
    --  PLS13-031 (L025W): 26.0m interval of continuous mineralization;
        including discrete intervals totaling 1.54m of "off-scale"
        radioactivity (greater than 9999 cps) 
        
    --  PLS13-035 (L010W): Two intervals of continuous mineralization of
        9.5m wide each; including discrete intervals totaling 0.85m of "off-
        scale" radioactivity (greater than 9999 cps) 
        
    --  PLS13-037 (L025W): 23.0m of intermittent mineralization; a deeper
        zone (103.0 - 126.0m), including narrow intervals of "off-scale"
        radioactivity (greater than 9999 cps) 
        
--  Alteration and associated weak mineralization on 100m east on-trend
    step-out shows potential to host high grade mineralization within
    favorable lithology along strike to the east. 
    
--  4 Holes have been selected for pre-collaring along line 385 where the
    large high grade intersection of uranium was reported on in the previous
    news release (Feb 19th 2013). 



Ross McElroy, President, COO, and Chief Geologist for Fission, commented, 

"In what is proving to be a very active and fruitful winter program at PLS, we
continue to be encouraged as we see results that extend the initial zone of
mineralization as well as the potential of a new mineralized zone 115m to the
east. Our technical team is working extremely hard to process the information we
receive from each new result and to design our plan to take the fullest
advantage of this opportunity."


Discovery Area

The area refers to the region of mineralization where initial discovery holes
(PLS12-022, 023, 024 and 025) were drilled, as well as the recently announced
2013 holes PLS13-026 and 027 (see news release Feb 07, 2013) and is so far
delineated over land near the western shore of Patterson Lake. A total of 5
additional close spaced step-out holes were drilled in the area; 4 holes on line
025W and 1 hole on line 010W (PLS13-035). All 5 holes intersected mineralization
at a shallow depth in the Archean basement. Refer to Table 1 for drill hole
collar and mineralization summary. Mineralization generally develops within
chlorite and hematite altered basement rocks and is characterized by pitchblende
in the form of flecks, blebs, clots and veins. Basement lithology is generally
metapelites (+/- graphite), and occasional metasemipelites, often with narrow
intervals of pegmatite. The discovery area is open in all directions and
additional drilling is required to continue to delineate the mineralized area.


Line 025W 

With an additional 4 holes (PLS13-029, 031, 033 and 037), drilling on line 025W
has successfully delineated a width of approx. 50m. The zone is still open both
to the north and south on this line. 


As was the case with previous drill results from the fall 2012 program, and the
2 recently announced holes (PLS13-026 and 027) the main mineralized horizon
appears to be generally flat lying, with the upper level top of the mineralized
zone occurring at or near the top of the Archean basement rocks, either within
or immediately below a thin veneer or Devonian sandstone (see cross-section
L025W). Additionally, the southern-most hole, PLS13-037, has a deeper zone of
intermittent strong mineralization (103.0 - 126.0m), including narrow intervals
of "off-scale greater than 9999 cps" radioactivity. 


Line 010W 

One additional hole (PLS13-035), was collared 10m south of PLS12-024 and drilled
at an angle of -70 (azimuth 337). Mineralization was encountered in 2 well
developed mineralized intervals: an upper zone (62.0 - 71.5m) and a lower zone
(78.0 - 87.5m). The upper zone begins in the basal part of the Devonian
sandstone horizon.


Eastern Extension 

A total of 5 holes (PLS13-28, 030, 032, 034 and 036) were drilled in this area,
approximately 90m - 105m east along trend of the lakeshore zone. While no
high-grade mineralization was observed in drill-core, prospective basement
lithology and alteration was encountered in all 5 holes and two of the holes
(PLS13-028 and 032) were weakly mineralized over narrow intervals. In addition,
downhole triple gamma probe results from PLS13-028 indicate that a 0.5m wide
high-grade interval (48.26m - 48.76m) was intersected downhole and was not
recovered in drill-core. 


Line 090E

Three vertical holes were drilled at 10m collar spacing (PLS13-028, 030 and
032). Weak mineralization was encountered in holes PLS13-028 and 032, in narrow
intervals immediately below the Devonian sandstone horizon (4.0m and 2.5m wide
respectively). Basement lithology is comprised dominantly of pelitic sequences
(+/- graphite), with localized chlorite and hematite alteration. Intermittent
occurrences of sulphides were observed throughout the pelitic lithology. 


L105E 

Two vertical holes were drilled at 10m collar spacing (PLS13-034 and 036),
located 15m east of holes on L090E. Although no mineralization was encountered
in either hole, weak to moderate hematite and chlorite alteration was present
throughout the basement rocks. Basement rocks are comprised dominantly by
pelitic gneiss. In the case of PLS13-036, intermittent intervals graphite are
present, as well as abundant sulphides from 107.0-117.5m and 121.1-135.2m. 


To view Table 1, please visit the following link:
http://media3.marketwire.com/docs/fis225-Table1.pdf.


Natural gamma radiation in drill core that is reported in this news release was
measured in counts per second (cps) using a hand held Exploranium GR-110G total
count gamma-ray scintillometer. Borehole radioactivity is measured downhole
using a Mount Sopris 2GHF-1000 Triple Gamma probe. The reader is cautioned that
scintillometer readings are not directly or uniformly related to uranium grades
of the rock sample measured, and should be used only as a preliminary indication
of the presence of radioactive materials. The degree of radioactivity within the
mineralized intervals is highly variable and associated with visible pitchblende
mineralization. All intersections are down-hole, core interval measurements and
true thickness are yet to be determined. 


An ongoing field program is in progress. This includes approximately 8,000m of
core drilling to further delineate and define the mineralized region identified
during the summer 2012 program. As well, a Moving Loop Time Domain
Electro-Magnetic survey (MLTDEM) was completed on this trend to assist in
resolving the geophysical conductors and interpretive structural information.
This survey will be used to identify prospective drill targets in the immediate
area of mineralization and further along strike. 


All holes are planned to be radiometrically surveyed using a Mount Sopris
2GHF-1000 Triple Gamma probe, which allows for accurate measurements in high
grade mineralized zones. The Triple Gamma probe is preferred in zones of high
grade mineralization.


Split core samples from the mineralized section of core will be taken
continuously through the mineralized intervals and submitted to SRC
Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of
Saskatoon for analysis, which includes U3O8 (wt %) and fire assay for gold. All
samples sent for analysis will include a 63 element ICP-OES, uranium by
fluorimetry and boron. Assay results will be released when received.


Patterson Lake South Property 

The 31,039 hectare PLS project is a 50%/50% Joint Venture held by Fission Energy
Corp. and Alpha Minerals Inc (AMW). Fission is the Operator. PLS is accessible
by road with primary access from all-weather Highway 955, which runs north to
the former Cluff Lake mine, (greater than 60M lbs of U3O8 produced), and passes
through the nearby UEX-Areva Shea Creek discoveries located 50km to the north,
currently under active exploration and development. An updated map highlighting
the core and dual rotary drilling programs planned for PLS can be found on the
Company's website at http://www.fission-energy.com/s/pattersonlakesouth.asp.


The technical information in this news release has been prepared in accordance
with the Canadian regulatory requirements set out in National Instrument 43- 101
and reviewed on behalf of the company by Ross McElroy, P.Geol. President and COO
for Fission Energy Corp., a qualified person.


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".


This press release contains "forward-looking information" that is based on
Fission's current expectations, estimates, forecasts and projections. This
forward-looking information includes, among other things, statements with
respect to Fission's development plans. The words "will", "anticipated", "plans"
or other similar words and phrases are intended to identify forward-looking
information.


Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause Fission's actual results, level of activity,
performance or achievements to be materially different from those expressed or
implied by such forward-looking information. Such factors include, but are not
limited to: uncertainties related exploration and development; the ability to
raise sufficient capital to fund exploration and development; changes in
economic conditions or financial markets; increases in input costs; litigation,
legislative, environmental and other judicial, regulatory, political and
competitive developments; technological or operational difficulties or inability
to obtain permits encountered in connection with exploration activities; and
labour relations matters. This list is not exhaustive of the factors that may
affect our forward-looking information. These and other factors should be
considered carefully and readers should not place undue reliance on such
forward-looking information. Fission disclaims any intention or obligation to
update or revise forward-looking information, whether as a result of new
information, future events or otherwise.


ON BEHALF OF THE BOARD 

Ross McElroy, President & COO  

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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