Fission Energy Corp.

Fission Energy Corp.

December 20, 2007 09:30 ET

Fission Energy Corp. Closes Its Non-Brokered Private Placement Financing

KELOWNA, BRITISH COLUMBIA--(Marketwire - Dec. 20, 2007) - FISSION ENERGY CORP. ("Fission" or the "Company") (TSX VENTURE:FIS) is pleased to announce that it has closed a non-brokered private placement (originally announced in a December 10, 2007 news release) of 846,143 common shares at CDN $0.70 per share for total proceeds of $592,300.10.

All shares issued from this offering will be subject to a hold period of four months from the date of issuance. Proceeds from the sale of the common shares will be used to advance development of the Company's properties and for general working capital.

FISSION ENERGY CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia. The Company's common shares are listed on the TSX Venture Exchange under the symbol "FIS".

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

This press release contains "forward-looking information" that is based on Fission's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Fission's development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information.


Dev Randhawa, Chairman & CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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