Fission Uranium Announces $25.0 Million Bought Deal KELOWNA, BRITISH COLUMBIA--(Marketwired - March 10, 2014) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Fission Uranium Corp. (TSXVENTURE:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission" or the "Company") is pleased to announce that it has entered into a letter of engagement with Dundee Securities Ltd. (the "Lead Underwriter") on behalf of a syndicate of underwriters including Cantor Fitzgerald Canada Corporation, Macquarie Capital Markets Canada Ltd., Raymond James Ltd., TD Securities Inc., Clarus Securities Inc. and Cormark Securities Inc. (the "Underwriters") under which the Underwriters have agreed to purchase 15,625,000 special warrants (the "Special Warrants"), by way of a private placement on a "bought deal" basis, subject to all required regulatory approvals, at a price per Special Warrant of $1.60, for total gross proceeds of $25,000,000 (the "Offering"). The Underwriters have been granted the option to purchase up to an additional 15% of the Offering, exercisable in whole or in part at any time up to 48 hours prior to the Closing Date (the "Option"). Each Special Warrant will be exercisable one common share (a "Common Share") in the capital of the Company by the holders thereof at any time after the Closing Date for no additional consideration and all unexercised Special Warrants will be deemed to be exercised at 4:00 pm (Toronto time) on the earlier of: a) the date that is four months and one day following Closing, and b) the first business day after a receipt is issued for a final prospectus (the "Final Prospectus") by the securities regulatory authorities where the Special Warrants are sold, qualifying the Common Shares to be issued upon exercise. The Company shall use its reasonable best efforts to obtain such receipt for the Final Prospectus within 30 calendar days following the Closing.