TSX SYMBOL: FCU
OTCQX SYMBOL: FCUUF
FRANKFURT SYMBOL: 2FU

/NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES/

KELOWNA, BC, Dec. 18, 2024 – FISSION URANIUM CORP. (TSX: FCU) (OTCQX: FCUUF) (“Fission” or the “Company“) is pleased to report receiving approval from the Minister of Innovation, Science and Industry (the “Minister“) under the Investment Canada Act for its previously announced plan of arrangement (the “Arrangement“) with Paladin Energy Ltd. (“Paladin“).

Following this Investment Canada Act clearance, Fission and Paladin anticipate finalizing the Arrangement by early January 2025.

Details of the Arrangement’s terms are outlined in the Company’s management information circular dated July 22, 2024, accessible through Fission’s profile at  and on the Company’s website at .

About Fission

Fission Uranium Corp. is a leading Canadian uranium project developer, wholly owning the Patterson Lake South uranium property – a proposed high-grade uranium mine and mill in Canada’s Athabasca Basin. Fission’s shares are listed on the TSX (“FCU”), OTCQX (“FCUUF”), and Frankfurt Stock Exchange (“2FU”).

Cautionary Note Regarding Forward Looking Statements

This announcement includes “forward looking statements” under Australian and Canadian securities laws. All statements, except historical facts, regarding potential future events are forward-looking statements. These statements involve inherent uncertainties and risks, including those typical of the mining industry, many beyond Paladin’s or Fission’s control. These risks include, but are not limited to: mine development and production liabilities; geological, mining, and processing challenges; difficulties obtaining necessary licenses and permits; competition for capital, reserves, land, and personnel; inaccurate acquisition valuations; commodity and exchange rate fluctuations; operational disruptions (including labor stoppages and weather); transportation issues; securing financing; and management’s ability to address these factors.

Forward-looking statements here include, but aren’t limited to, statements about: the Arrangement’s timing, outcome, and effects; and the ability of Paladin and Fission to complete the Arrangement as described. Forward-looking statements often use words like “anticipate”, “expect”, “likely”, “propose”, “will”, “intend”, “should”, “could”, “may”, “believe”, “forecast”, “estimate”, “target”, “outlook”, “guidance”, and similar terms. No guarantee is given regarding any forward-looking statement. Actual results may differ significantly from these statements due to various known and unknown risks, such as market and regulatory changes.

Due to these uncertainties, readers shouldn’t over-rely on such statements and should conduct their own research and seek advice. Any reliance on this announcement is solely at the reader’s risk.

To the fullest extent permitted by law, Paladin, Fission, and their related entities, directors, officers, employees, advisors, agents, and intermediaries disclaim any obligation to update forward-looking statements to reflect changed expectations or events. This announcement doesn’t imply no changes have occurred since its date.

SOURCE Fission Uranium Corp.

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