Fission Energy and its joint venture partner Kepco Consortium have said that drill hole WAT10-071, a 10mt vertical step-out south of the high grade mineralization encountered in hole WAT10-070B (17mt grading 3.99% U308 including 7mt grading 7.48%), intersected 6mt of 14.70% U308 at the unconformity (199mt-205mt).

The company said that this interval includes 4mt grading 21.20% U308, with a maximum grade of 50.6% across 0.5mt. In addition, hole WAT10-072C, a vertical step-out located 10mt to the north of hole WAT10-070B intersected 5mt of 1.18% U308 at the unconformity (196.5mt-201.5mt), including 1.50mt grading 3.04% U308.

Located west of discovery hole WAT10-063A, drill holes WAT10-070B through 072C, demonstrate the continuity of the high-grade Uranium Mineralization north to south, or perpendicular to the presumed trend of the J-Zone. At this drill fence, the mineralization remains open both to the north and south, while the J-Zone remains open laterally, and appears to be trending to the west.

To date, all mineralized drill intersections encountered at the J-Zone, are associated with a broad and continuous zone of alteration and radioactivity, variably extending from between several meters above to 25mt below the unconformity. Drilling is continuing with two rigs. The first rig continues to delineate the J-Zone, while the second rig is testing the Higlander and Talisker targets located to the west of the J-Zone within the 3km long East West Corridor.

All intersections are down-hole, core interval measurements. Given that the mineralization thus far encountered appears to be almost flat-lying, drill intercepts reported herein are approximately true thickness.

The company added that 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.

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.