Fission URANIUM CORP. announced the 2024 project development program, advancing towards construction and operation of a mine and mill for its PLS high-grade uranium project in Saskatchewan, Canada. The 2024 program will include submission of the Environmental Impact Assessment ("EIS"), resource expansion, ongoing community engagement, completion of the Front End Engineering and Design "FEED" phase, and the commencement of Detailed Engineering.

Submission of Environmental Impact Assessment: The draft Environmental Impact Statement will be submitted to the Province of Saskatchewan in First Quarter, 2024. This is a culmination of all the data collected since 2013 and is an independent assessment of the potential environmental and socio-economic impacts of the PLS Project. The Feasibility Study (FS), released in January 2023, addressed many of the required mitigations and the updated mine plan from the FS has been incorporated into the EIS.

Fission will maintain its longer term environmental data collection activities for the Project as it continues to gain information to support construction and operations activities. Completion of FEED and Construction Permitting: The FEED phase commenced June 2023 and is on track to be completed by June 2024. The design documentation produced by FEED will enable Fission to advance the licensing application to construct a mine and mill facility for the federal regulatory agency, the Canadian Nuclear Safety Commission.

Additionally, the documentation will allow the company to submit construction permits to the Province of Saskatchewan, pending EIS approval and a ministerial decision, to commence early works construction. Commencement of Detailed Engineering: Expected to commence in July 2024, this is the final engineering phase to advance mine, mill, and related infrastructure design, to the point of construction. By the end of this phase of the Project, Fission expects to have full construction approval for the Project from the Province of Saskatchewan and the CNSC and will have the necessary documentation to finalize the application to operate a mine and mill facility for The CNSC.

Community Engagement: Community engagement work is ongoing and will continue through the life of the project. In early 2024 Fission will commence local community meetings to discuss outcomes and mitigation plans from the Draft EIS. This feedback from communities will inform the final EIS to be submitted in Second Quarter, 2024.

Fission will continue to build upon its community investment program for 2024 and is looking to support local communities with cultural programs, youth initiatives, health and wellness, and community development. Resource Growth: The R1515W high-grade zone, the western-most zone of the Triple R deposit will be targeted for infill drilling designed to upgrade and convert Inferred Resource to a majority Indicated Resource classification. The intent is to be in a position to bring the R1515W zone into the current mine plan with the potential of adding additional reserve size and mine life to the PLS project.

The current resource classification of the R1515W is Indicated of 1,700,000 lbs U3O8 at a grade of 1.15% in 67,000 tonnes and an Inferred of 5,000,000 lbs U3O 8 at a grade of 0.96% in 234,000 tonnes at a cut-off of 0.25% U3O8.