Fission Energy Corp.
TSX VENTURE : FIS

Fission Energy Corp.

April 16, 2008 15:10 ET

Fission Retains Key Ground Near Roughrider Zone

KELOWNA, BRITISH COLUMBIA--(Marketwire - April 16, 2008) - Fission Energy Corp. (TSX VENTURE:FIS) (the "Company" and "Fission") and its joint venture partners of the KEPCO Consortium are pleased to announce that the Saskatchewan Ministry of Energy and Resources has upheld Fission's assertion that no fractional lands exist on previously staked Fission property north of Hathor's recently discovered Roughrider Zone. The Roughrider Zone is located within a small bay (Discovery Bay) of McMahon Lakes.

Based on the April 15, 2008 report prepared by the Ministry of Energy and Resources, a map has been posted to the Company's website that shows the following salient features within the vicinity of Discovery Bay:

- The location of pertinent claim boundaries as determined by Company representatives (where the boundary in question has been relayed by the Ministry of Energy and Resources),

- the location of key geographic features, and

- the location of the Roughrider Zone as provided by Hathor on April 3, 2008.

The boundary locations identified by the Company correspond to within a few meters of those provided by the Ministry of Energy and Resources. Also, the Company wishes to note that the common claim boundary within Discovery Bay, is not as shown by Hathor on April 3, 2008. Please refer to the Company's website for a representation of Fissions position for the location of the claim boundary.

Although, the Ministry of Energy and Resources has denied a small fractional claim staked by the Company to cover open lands that exist southwest of the peninsula in Discovery Bay; it was confirmed by the Ministry that no fractional lands exist to the north of the Roughrider Zone. The fraction, which is about one-third of the size of the original fraction staked by Hathor, is significantly different than the one depicted by Hathor on April 3, 2008. The Ministry noted that Hathor's fraction overlaps Fission's pre-existing mineral tenures and will only be granted to Hathor once deficiencies are corrected.

Further updates on Fission's exploration plans for the area will be provided, when available.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, and reviewed on behalf of the company by Ross McElroy, PGeol, vice-president of exploration for Fission Energy, a qualified person.

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. FISSION ENERGY CORP. Common Shares are listed on the TSX Venture Exchange under the symbol "FIS".

Korea Electric Power Corporation (KEPCO) is a Korean government-invested diversified energy company with over $83-billion (U.S.) in assets. The company is involved in the generation, transmission and distribution of electrical power from nuclear, hydro, coal, oil and LNG sources worldwide. KEPCO provides electricity to almost all households in Korea and operates 20 nuclear power plants in the country with six more under development. The company has over 30,000 employees and is listed on the Korean Stock Exchange and the New York Stock Exchange (www.kepco.co.kr).

Korea Waterbury Uranium Limited Partnership ("KEPCO Consortium") is a consortium primarily comprised of Korean-based companies. Led by Korea Electric Power, other participating companies include Korea Hydro & Nuclear Power, Korea Nuclear Fuel Co., Hanwha Corp. and Gravis Capital Corp., a private Canadian uranium investment company.

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.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Fission's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Fission disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

ON BEHALF OF THE BOARD

JODY DAHROUGE, President & COO

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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