Fission Energy Corp.
TSX VENTURE : FIS

Fission Energy Corp.

November 12, 2008 09:49 ET

George Sanders & Frank Estergaard Join Fission Energy's Board of Directors

KELOWNA, BRITISH COLUMBIA--(Marketwire - Nov. 12, 2008) - Fission Energy Corp. ("Fission" or "the Company") (TSX VENTURE:FIS) is pleased to announce that Mr. George Sanders has been elected to the Board of Directors at the Company's annual meeting held in Kelowna on Thursday, November 6th. Subsequent to the Annual General Meeting, Mr. Frank Estergaard was appointed to the Board. These two gentlemen replace Dieter Krewedl and Ray Larson, who have stepped down. The Board of Directors would like to thank Mr. Krewedl and Mr. Larson for their valuable contributions to the Company.

Mr. Sanders is a mining financing and development entrepreneur with over 30 years of exploration, development and mining finance experience. He spent over 15 years as a Registered Representative and minerals specialist with the investment firm Canaccord Capital Corporation in Vancouver and has held junior and senior corporate positions with various public companies, including Wescan Goldfields Inc. and Shore Gold Inc. He currently serves as President of Goldcliff Resource Corporation, and is a Director of Bitterroot Resources Ltd and Silvercrest Mines Inc. Mr. Sanders brings his extensive experience in corporate management, finance and investor relations to the Fission team.

Mr. Estergaard is a professional Chartered Accountant who retired as a Partner with KPMG in 2001. His career with KPMG spanned 38 years, providing audit, taxation and business advice to clients in Vancouver, Vernon, Ottawa and Kelowna. He served a wide variety of corporations in the forestry, mining, real estate and land development, high technology, manufacturing, wholesale and retail industries. These companies ranged from start-ups to mature enterprises with both domestic and world-wide operations. In addition, he served on the Management Committee and Partnership Board of KPMG.

Following his retirement from KPMG, Mr. Estergaard has served as a Director and Chairman of the audit committee for QHR Technologies Inc. (TSX-V), CFO for Metalex Ventures Ltd. (TSX-V) and CFO and/or Director for several private entities, including Okanagan Capital Fund (VCC) Inc., Rackforce Networks Inc., Wear Air Oxygen Inc. and Wear Air Industrial Inc.

The Company welcomes Mr. Sanders and Mr. Estergaard to the Board. The remaining composition of the Board of Directors remains unchanged with Dev Randhawa, Jody Dahrouge and Michael Halvorson being re-elected at the AGM. All corporate resolutions outlined in the Company's Information Circular were approved at the Annual General Meeting.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

ON BEHALF OF THE BOARD

DEVINDER RANDHAWA, CHARIMAN & 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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