Fission Uranium provides Update on Plan of Arrangement

Press Release

KELOWNA, BC, Sept. 26, 2024  – FISSION URANIUM CORP. (TSX: FCU) (OTCQX: FCUUF) (“Fission” or the “Company“) announced today that the hearing for the final order (the “Final Order“) approving the previously announced plan of arrangement (the “Arrangement“) with Paladin Energy Limited (“Paladin“) before the Supreme Court of British Columbia (the “Court“) was completed on September 26, 2024. CGN Mining Company Limited (“CGN“), a subsidiary of China General Nuclear Power Corp., opposed the Final Order and approval of the Arrangement. The Court’s decision in respect of the Final Order is expected in the coming weeks.

The Arrangement remains subject to receipt of the Final Order and clearance under the Investment Canada Act, 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”.

For further information, please contact: Investor Relations: TF: 877-868-8140, ir@fissionuranium.com, www.fissionuranium.com

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