Fission Uranium Provides Further Update on Plan of Arrangement

Press Release

KELOWNA, BC , Oct. 1, 2024  – FISSION URANIUM CORP . (TSX: FCU) (OTCQX: FCUUF) (” Fission ” or the ” Company “) announced today that it has received a notice from the Minister of Innovation, Science and Industry (the ” Minister “) ordering a national security review of the previously announced plan of arrangement (the ” Arrangement “) with Paladin Energy Limited (” Paladin “) under section 25.3 of the Investment Canada Act (” ICA “). Accordingly, consideration of the Arrangement under the ICA has been extended and remains ongoing. Fission is considering the Minister’s notice, exploring its available options and evaluating the prospects of obtaining ICA clearance in respect of the Arrangement.

The Arrangement remains subject to receipt of a final order from the Supreme Court of British Columbia (the ” Court “) and ICA clearance , as well as other customary conditions.

Additional information regarding the terms of the Arrangement are set out in the Company’s management information circular dated July 22, 2024 which is available under Fission’s profile at www.sedarplus.ca and on the Company’s website at www.fissionuranium.com/investors/#sgmMaterials .

About Fission

Fission Uranium Corp. is an award-winning Canadian uranium project developer and 100% owner of the Patterson Lake South uranium property – a proposed high-grade uranium mine and mill in Canada’s Athabasca Basin region. Fission’s common shares are listed on the TSX Exchange under the symbol “FCU” and trade on the OTCQX marketplace in the U.S. under the symbol “FCUUF” and on the Frankfurt Stock Exchange under the symbol “2FU”.

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