Fission Energy's Latest Vertical Step-Out Drilling Identifies 2.19m "Off-Scale" Radioactivity and Extends "J-Zone" to

KELOWNA, BRITISH COLUMBIA, Apr 06 (MARKET WIRE) --
FISSION ENERGY CORP. (TSX VENTURE: FIS) ("Fission" or the "Company")
announces it has completed four additional vertical oriented step-out
drill holes (WAT10-089, 091, 093, 095) and one angled step-out hole
(WAT10-096), which have extended the J-Zone's east-west trending
mineralized strike length to approximately 90m and 50m wide, north-south.
Three of the five holes intersected highly radioactive mineralization at
the unconformity, with holes 091 and 089 identifying "off-scale" (cps
greater than 9,999) radioactivity intercepts of 2.19m and 0.05m
respectively.

Hole WAT10-091 has extended mineralization approximately 10m to the south
of hole WAT10-071 (6.0m grading 14.70% U3O8, including 4.0m of 21.20%
U3O8; see news release dated March 15, 2010). Drill holes WAT10-089 and
093 were drilled to the west along strike. Hole 093, which is now the
furthest vertical step-out to the west, intersected high levels of
radioactivity over 1.5m (195.0m-196.5m), while hole WAT10-096, located
10m east of the discovery hole WAT10-063A, intersected anomalous
radioactivity over 3m (211.0-214.0). No anomalous radioactivity was
identified in hole WAT10-095, which was drilled approximately 65m east of
the "J-Zone".

Drilling continues to demonstrate that mineralization is trending
laterally to the west, in addition to remaining open both to the north
and south. The completion of these latest five drill holes marks the
conclusion of Fission's winter program at Waterbury Lake. Of the 26 drill
holes that tested the J-Zone, 21 holes intersected mineralization at or
near the unconformity for a mineralized intersection success rate of 81%.
Assays are pending on 16 drill holes, and will be reported as the Company
receives them.

An updated map of the J-Zone showing the location of the latest five
drill holes and a table summarizing Drill Core Hand-Held Scintillometer
Readings can be found on the Company's website at
http://www.fission-energy.com/s/WaterburyLake.asp.

Drill Hole Summary

All holes reported herein, with the exception of WAT10-096 are collared
at a vertical orientation, and terminated within unaltered basement
rocks. Given that the mineralization thus far encountered appears to be
almost flat-lying, drill intercepts reported from vertical holes are
approximately true thickness. Results for the latest holes are summarized
as follows:

Hole WAT10-091 intersected 4.0m of highly anomalous radioactivity
(200.0m-204.0m), including a 2.19m (200.86-203.05) intercept of
"off-scale" radioactivity. The off-scale mineralization occurs within an
interval with approx. 50% core loss. Anomalous radioactivity occurs
immediately below the unconformity.

The basement rocks from the unconformity to 246.1m are comprised of
pelitic to semipelitic gneiss. A quartz-feldspar gneiss was intersected
from 246.1m to 275.0m (EOH).

WAT10-091 was collared 10m south of hole WAT10-071 and completed to a
depth of 275.0m, with the unconformity intersected at approximately
199.1m.

Hole WAT10-093 intersected 10m of anomalous and variable radioactivity
(191.0m-201.0m), with hand scintillometer readings up to 7,100 cps. The
hole encountered moderate to strongly fractured rock beginning approx.
60m above the unconformity to 197.0m. Very strong clay alteration is
present from 188.5m to 197.0m, primarily hematite and chlorite alteration.

The basement rocks are comprised of pelitic gneiss (locally graphitic)
with intermittent pegmatite-rich intervals.

WAT10-093 hole was collared 15m west of hole WAT10-087 and is now the
furthest vertical step-out completed to the west. The hole was drilled to
a depth of 290.0m, with the unconformity intersected at approximately
195.8m.

Hole WAT10-089 intersected 3.5m of anomalous radioactive mineralization
(194m-197.5m), including an intercept 0.05m of "off scale" radioactivity
associated with moderate clay alteration and locally strongly faulted and
fractured rock. The hole intersected moderate to strongly fractured rock
beginning 10m above the unconformity to 202.0m. Moderate to strong
hematite alteration is present from 191.0m to 197.0m. An interval of very
strong alteration associated with a major fault zone was intersected from
to 213.5m to 231.5m.

The basement rocks are comprised of pelitic gneiss (locally graphitic)
with intermittent pegmatite-rich intervals.

WAT10-089 was collared 10m northwest of hole WAT10-087 and completed to a
depth of 296.0m. The unconformity was intersected at approximately 196.3m.

Hole WAT10-096 intersected a 2.0m interval of anomalous radioactivity
(212.0m-214.0m) with hand scintillometer readings up to 800 cps. The
sandstone is moderately fractured from 187.6m to 202.7m. The basement
rocks are moderately to strongly fractured and altered from 202.7m to
266.2m, with faulting and healed breccias present intermittently
throughout.

The basement rocks from the unconformity to 311.0m (EOH) comprise a
package of metapelitic gneiss (locally graphitic), with intermittent
pegmatite-rich intervals.

WAT10-096 was collared at an orientation of 330 degrees and a dip of -80
degrees and completed to a depth of 311.0m. The target was to test
approx. 15m NE east of the mineralization in discovery hole WAT10-063A.
The unconformity was intersected at approximately 202.7m.

Hole WAT10-095 located 15m SW of hole WAT10-094A did not identify any
anomalous hand scintillometer radioactive readings.

Plans are underway for a summer drill program that will continue to
delineate the "J-Zone", the newly discovered "Highland Zone" and other
land based targets. Details will be provided when available.

All holes were radiometrically surveyed with a Mount Sopris 2GHF Triple
Gamma probe. The triple gamma probe uses both a Na-I scintillation
crystal and a ZP1320 High-Flux Geiger-Mueller tube pair, which allows
better resolution in strongly radiometric intervals.

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. 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. All intersections are down-hole, core interval measurements
and true thickness is yet to be determined.

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, platinum and palladium. All samples sent for analysis
will include a 63 element ICP-OES, uranium by fluorimetry (partial
digestion) and boron. Chemical results will be released when received.
Further updates will be provided.

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

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.

Contacts:
Fission Energy Corp.
Bob Hemmerling
Investor Relations
TF: 877-868-8140
info@fission-energy.com
www.fission-energy.com

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