An Unprecedented Uranium DiscoveryJune 2014

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Disclaimer

The following information may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

All historical resource estimates were completed prior to the implementation of NI 43-101 and the Company has not done the work necessary to verify the classification of the resource or reserve, they should not be relied upon or considered a defined resource according to NI 43-101; Except for those properties where NI 43-101 have been completed.

The technical information in this corporate presentation 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 Uranium Corp., a qualified person.

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Fission Shareholder Value Increase Compared with Peers and Uranium ETF as % of Nov 2012 Mkt Cap

Series1

-100%

0%

100%

200%

300%

400%

500%

600%

700%

800%

Fission

UEC

URA ETF

Denison

U3O8 Spot Price

PLS DiscoveryHole 22

PLS 2013 Summer Drilling

FCU/Alpha Merger

PLS 2014 Winter Drilling

FCU Spinout/Winter Drilling

43.38 US$/lb

+ 460 %- 45 %

- 14 %

- 30 %

Dec 12 Mar13 J un 13 Sep13 Dec 13 Mar 14 May 15

+ 1 %

28.44 US$/lb

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Management and Shareholders Aligned Since 1996

Strathmore Minerals 1996 - 2007

CDN Assets Fission Energy2007 - 2013

US AssetsStrathmoreMinerals

Non-PLS AssetsFission 3.0 CorpDec ‘13 - present

100% PLS ownedFission Uranium2013 - present

Waterbury & AssetsSale to DenisonApr ‘13

PLS DiscoveryFission Uranium Apr ‘13 – Dec ‘13

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Patterson Lake South (PLS)The Leading High-Grade, Shallow Depth Uranium Discovery

Hole PLS14-129100m Composite Mineralization Includes 38.49% U3O8 Over 10.5m. Composite grade x thickness: 992.8

“The best hole ever drilled at PLS, and potentially second best "deposit leading hole" ever in the Athabasca Basin David Talbot of Dundee Securities on hole 129

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PLS and Canada’s Athabasca Basin

Cluff Lake: >60m lbs U3O8 produced

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Electricity Demand +76% by 2030, Reactor Numbers Rising

Forecast new reactors by 2030. (Source: World Nuclear Association, May 2014)

434

Current ReactorsOperable

+72

UnderConstruction

+173

Within8 –10 Years

+309

Proposedby 2030

USA: +27UAE: +14

Saudi Arabia: +16

India: +63

Russia: +59

China: +204

South Korea: +11

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Grade is King

Kaza-khstan

Namibia Australia Niger Canada0

0.2

0.4

0.6

0.8

1

1.2

1.4

1.6

1.8

2

Average Grade - % U308

Hole PLS14-129, Patterson Lake South100m Composite Mineralization Includes 38.49% U3O8 Over 10.5m.

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Athabasca: The Premier High-Grade Uranium District

ENVIRONMENT• Political

stability• Pro-mining• Permitting

INFRASTRUCTURE• Mills nearby• Power Grid• Highways & Air

GRADES More than 10X World

average

40 years of mining, supplying 19% of the

world’s uranium

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PLS Uranium Discovery: Large, High-Grade, Near-surface

Mined Out In Production

Cluff Lake Mine, Athabasca Basin>60 million lbs. U3O8 produced

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Athabasca Basin Major Deposits and Mines

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PLS Drilling Success

*Based on Drill Hole %U3O8 Assay Composite Intervals**Based on Drill Hole %U3O8 Assay Composite Intervals (2013) & Radioactive Mineralization (2014)

2013 Results*

2014 Results**

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R00E R780E

WSW ENE

Over burden

Bedrock

R600W R1155E

Patterson Lake

R1620E

Long. View – Downhole Radioactivity

previously announced holes holes announced May 13, 2014

13

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Rapid Progress at PLS

2012Summer

2013Full Year

2014Winter

2014Summer

Meters Drilled 1,632m 26,668m 35,198m

Drill Holes (Total) 9 99 92 60 Planned

Delineation Holes (Mineralized)

4 81 81 40 Planned

Delineation Holes(Non-mineralized)

0 4 1 -

Exploration Holes 5 14 10 20 Planned

Mineralized Trend Strike Length

0.02km 1.78km 2.24km -

Radon Coverage - 1 EM Conductor 15 EM Conductors -

Assays Complete Complete 62 holes pending -

Achievements Discovery of R00E Zone Outline 7 Mineralized Zones

Connected 4 Zones & Extended Strike Length. Discovered 1 new zone

-

Goal Produce a Maiden 43-101 Compliant Resource Estimate by December 2014

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PLS Potential: 100+ Conductors, Multiple Summer Targets

(PLS Uranium Boulder Field)Boulders up to 40% U3O8

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Summer 2014 Drill Plans

Summer 2014 PlansDiscovery zone: +40 HolesAreas A, B, C: +20 holes

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Looking Ahead: Delineation and Radon Target Drilling

Full analysis of Winter 2014 radon survey

Assays completed from winter drill program

Dec 2014

NI 43-101Resource Estimate

May – Jun 2014Jul – Sept 2014

Summer Resource Delineation Drilling

Dec 2014 – Apr 2015

Winter Resource Delineation

Radon targets drill tested

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Dev Randhawa, Chairman & CEO Fission Energy founding CEO and chairman from

2007 to 2013 leading company to Tier One status Former CEO/founder of Strathmore Minerals Finance Monthly ‘Dealmaker of the Year 2013’,

Northern Miner ‘Person of the Year 2013’ Founder of Pacific Asia China Energy, sold for $34M

Ross McElroy, President and COO Formerly with Cameco, Areva, BHP Billiton PDAC 2014 ‘Bill Dennis Award for Exploration

Success’, Northern Miner ‘Person of the Year 2013’ Significant role in 4 major uranium discoveries in

Athabasca Basin, incl. Fission’s Waterbury Lake & PLS Professional geologist of 25+ yrs exp

Paul Charlish, VP Finance 23 years of finance experience including

public practice, audit/tax & public companies

Greg Downey, CFO CMA with 20 years of audit, tax and industry

experience

Richard Matthews, IR Manager Experienced IR professional with considerable

uranium sector experience Business development expert who has

previously founded and managed several successful businesses

Fission’s Management Team

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Corporate Information

Management Team:

Dev Randhawa, MBA — Chairman, CEO, DirectorRoss McElroy, P.Geol. — President & COO, DirectorGreg Downey – CFOPaul Charlish – VP FinanceRich Matthews – IR Manager

Analyst Coverage

David Talbot — Dundee Securities, Toronto

Rob Chang — Cantor Fitzgerald, Toronto

David Sadowski — Raymond James, Vancouver

Bhakti Pavani— Euro Pacific Capital, New York

Mike Bandrowski — Clarus Securities, Toronto

Joe Mazumdar — Canaccord Genuity, Vancouver

Mike Kozak — Cormark Securities, Toronto

Pierre Vaillancourt — Macquarie Equities, Toronto

Brent Cook — Economic Geologist, Exploration Insights USA

Advisory Board:

Ron Netolitzky, P.Geol.Michael HalvorsonAnthony MilewskiTeddy Clark

Financial Summary

Market Cap: C$ 428 million(as at May 21, 2014)

Cash: C$ 30 million(as at May 15, 2014)

Daily trading Ave. (3 month) 3.8 million

Shares outstanding: 351 million

Warrants: 6.8 million

Options: 32.6 million

Fully diluted: 392.4 million(as at May 8, 2014)

Board of Directors:

Dev Randhawa, MBA — Chairman, CEO, DirectorRoss McElroy, P.Geol. — President & COO, DirectorFrank Estergaard, CA — DirectorWilliam Marsh — DirectorKurt Bordian — DirectorWarren Stanyer — Director

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Fission Uranium Corp.

Phone: 250.868.8140Toll Free: 1.877.868.8140Email: ir@fissionuranium.comWeb: www.fissionuranium.comTwitter: @fissionuranium

Rich Matthews, Investor Relations

Phone: 778.484.8026Email: rich@fissionuranium.com