Fission Uranium Corp. announced it has submitted the Draft Environmental Impact Statement ("EIS") for the PLS project to the Saskatchewan Ministry of Environment ("SK-ENV"). As the most important phase of the Provincial permitting process, the EIS describes the environmental and socio-economic impacts of the proposed high-grade uranium mine and mill facility at PLS, located in the Athabasca Basin region of Saskatchewan, Canada.

Fission initiated the Environmental Assessment phase in 2021 by submitting the PLS Project's Terms of Reference and Project Description to the Province, which accepted those documents commencing 2022. In 2023, Fission conducted an Environmental Impact Assessment (EIA) per guidelines published by SK-ENV, which included preparation of the EIS by Fission's team of uranium industry experts, in consultation with local Indigenous Nations, communities, and stakeholders. The draft EIS focuses on interactions between the Project and the environment, and includes over ten years of environmental data collection and analysis.

Of key importance, the EIS clearly shows that potential environmental impacts of the Project will be minimal and manageable. Where required, controls or processes to mitigate potential effects have been developed and planned for implementation. This process ensures that any environmental risks are comprehensively managed and controlled in alignment with Fission's Health, Safety, Environment and Communities Policy and objectives.

Following Fission's submission, the review process by SK-ENV will commence. This process may include requests for clarification, further information, or comments that Fission will be required to disposition prior to the submission of the final EIS and a regulatory decision on the Project. This process is expected to conclude in 2024.

Patterson Lake South Property: The 31,039-hectare PLS project is 100% owned and operated by Fission Uranium Corp. PLS is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine.