Fission Energy Corp, Kelowna, BC, TSX.V : FIS, is a newly created Canadian based uranium exploration and development company with properties in Saskatchewan's Athabasca basin, Alberta, Quebec and an international property in Peru.

The Company's shares were recently spun-out as a distribution by Strathmore Minerals Corp (TSX-STM.V) Fission has one of the largest portfolio of exploration properties in the Athabasca basin: one of the richest uranium deposits in the world.

Primary projects in the basin include Waterbury Lake, which surrounds the Areva-Denison Midwest deposit and Davy Lake, where a 51 km long conductor was identified during the 2006 field season. Davy Lake is the largest contiguous exploration block in the basin.

At Dieter Lake in Quebec, a NI 43-101 inferred resource totaling 24 million pounds grading .057% U3O8 has been identified. Significant exploration potential exists to expand this resource.

Joint Venture Partners

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.

Korea Electric Power (KEPCO) NYSE: KEP– 50% Waterbury Lake•Subscribe for PP C$ 1 million > C$ 1.00 per share • C$ 14 million exploration expenditures over 3 years.

Great Bear Resources- 60% Duddridge Lake • 600,000 shares and C$10M over 6 years Right to buy back controlling interest at completion

Tribune Resources- 60% TCB:TSX.V Lake Athabasca North Shore • Subscribe for PP C$ 1 million > C$ 1.00 per Share •C$ 14 million exploration expenditures over 3 years.

Projects: Overview

Fission Energy Corp. holds one of the largest land packages in Canada's Uranium rich Athabasca basin as well as properties in Quebec, Alberta and Peru.

Canada

Athabasca Basin, Saskatchewan

Waterbury Lake, SK

Waterbury Lake Uranium Project, located in the eastern part of the Athabasca Basin, Saskatchewan. The northeast claim borders Hathor Exploration's Midwest Northeast "Roughrider" uranium discovery, where ongoing exploration has identified uranium mineralization within 30m of Fission's property boundary in an area known as Discovery Bay.

Fission's 2009 winter exploration program began with a ground based gravity geophysical survey, and will be followed by a 6,500m drilling program which began January 14th. 2009

Fission is the operator of the Waterbury Lake Project. A total of C$4.0 million has been budgeted for exploration in 2009, which is fully funded by the KEPCO consortium as part of their earn-in agreement

Patterson Lake, SK

The Patterson Lake Property was acquired through staking during the later part of 2004. The property is located within the south western part the Athabasca Basin in north western Saskatchewan, and comprises 9 claims totalling 25,316 hectares

Davy Lake, SK

Davy Lake Property, situated within the north-central part of the Athabasca Basin, southeast of Lake Athabasca

Duddridge Lake, SK (43-101) The Duddridge Lake Property is located west of La Ronge, within the Wollaston Domain.

Quebec

Dieter Lake, PQ • 24.4 million lbs @ .057% (43-101 compliant)

The Dieter Lake Property consists of 496 mineral titles totalling approximately 23,836 hectares, located about 150 km north of Hydro-Quebec Reservoir LG-4.

Alberta

North Shore, AB

North Shore property is located in Northern Alberta approximately fifteen kilometres west of Fort Chipewyan and extends along the north shore of Lake Athabasca to the Alberta-Saskatchewan border.

South Shore, AB

South Shore Property is situated along the south western shores of Lake Athabasca stretching from Wood Buffalo National Park to the west to the Alberta-Saskatchewan Border to the east.

Fort McLeod, AB

Fort McLeod property is located in SouthWestern Alberta. The property totals approximately 900,000 acres (364,218 ha).

Peru

Macusani, Peru

9 claim blocks encompassing 51 km2, and surface rights over some of the areas with known uranium mineralization.