A total of 32,770m was drilled in 86 holes, for which assays are pending.

Drilling focused primarily on central and western parts the J Zone where 40 of the 49 step-out and infill holes successfully widened the lateral north-south mineralized dimensions by up to 55m and confirmed continuity of wide widths of mineralization in areas tested by earlier programs.

Of the 49 drill holes completed in the J Zone, 40 or 81.6% intersected mineralization with radioactivity ranging from anomalous to "off-scale" in the sandstone, at the unconformity, and in the basement.

In January, the company revealed hand held scintillometer results for 21 drill holes, including several wider intervals of mineralization in four infill drill holes in the western part of the J Zone and three step-out holes drilled laterally to the north of the central J Zone boundary, which intersected intervals of "off-scale" radioactivity.

The remaining 37 drill holes were completed in the Summit Zone, located 525m west of the J Zone, in addition to several other high priority regional exploration targets including Murphy Lake, Oban, Oban North and Chivas.

The western part of the J Zone from Line 510W to Line 540W is predominantly basement hosted mineralization, and has been intersected up to 31m below the unconformity.

In addition, holes WAT12-294 and 297 collared a further 225m west of Hole WAT12-281, intersected basement hosted mineralization at 25.4m and 26.5m below the unconformity, respectively.

These two drill holes further demonstrate the potential for continued expansion of the J Zone’s strike length to the west.

The company noted discrete levels of "off-scale" radioactivity of greater than 9999 counts per second in a total of 6 drill holes.

The J Zone’s east-west strike length now extends 667m from the eastern Rio Tinto property boundary, where modelling has determined that the J East Zone mineralization is connected with the main J Zone, west to Hole WAT12-281.

Mineralization continues to trend to the west and remains open along strike and laterally to the north and south.

Significant scintillometer results in the western part of the J Zone trending west from Line 300W to Line 525W, includes Hole WAT12-280, which intersected 10.5 metres of anomalous to "off-scale" radioactivity at the unconformity where three drill holes expanded mineralization in the sandstone and at the unconformity.

In the Summit Zone, of the 12 follow-up holes completed to test for extensions of the basement mineralization in the vicinity of these two holes, 6 intersected narrow widths of weak radioactivity, mostly in the basement, and 6 holes were barren.

Hole WAT12-251 showed the best result, intersecting 1.5m of weak to moderately strong radioactivity in the basement with further drilling required to assess this area.

Fission said Murphy Lake is a high priority prospective area for discovering new high grade mineralization where fourteen holes were completed to follow-up limited drilling completed during the summer of 2011.

Further, five holes were drilled at Chivas and drilling at Oban, Oban North and Chivas form part of Fission’s ongoing regional exploration designed to test prospective geophysical anomalies identified by earlier geophysical surveys.

Fission Energy owns 60% and the Korea Waterbury Uranium Partnership holds 40% of the Waterbury Lake Uranium Limited Partnership.

Korea Waterbury Uranium Limited Partnership is a consortium primarily comprised of Korean-based companies and led by Korea Electric Power (KEPCO).