FIS Fission Energy Corp.

FISSION ENERGY CORP. ("Fission" or the "Company") (TSX VENTURE:FIS) and its
joint venture partner, the KEPCO Consortium, announce that due to the recent
successful results announced by Hathor Exploration on its Roughrider Zone
uranium discovery, the Joint Venture is re-evaluating its exploration program at
its Waterbury Lake property. This exploration project is located adjacent to the
Roughrider Zone uranium discovery in the northeast part of the Athabasca Basin,
where several open-pit uranium deposits, including Midwest Lake, McClean Lake,
and Rabbit Lake, are located.

 
On April 15th, Hathor Exploration announced that recent drilling was successful
in extending the strike length of the "Roughrider Zone" to the southwest and
northeast. Of particular significance to Fission is Hathor's step-out hole
MWNE-09-116, which "intersected the highest levels of radioactivity (as
determined by down-hole gamma-ray probe data) on the property to date". This
drill hole was collared approximately 10m from Fission's property boundary, in
the vicinity of the Discovery Bay Zone, with the mineralized interval
intersected 50m from the same property boundary. The location of step-out hole
MWNE-09-116, within an interpreted major east-west coincident structural and
conductive trend, suggests that the "Roughrider Zone" may extend onto Fission's
Waterbury Lake ground. Fission encountered nearby mineralization in several
drill holes completed in the Discovery Bay Zone, which is characterized by
intense hydrothermal alteration in addition to coincident anomalous geochemistry
and radioactivity, during an earlier program in 2008, including:


- WAT08-017 (7.5m of 0.04% U3O8 and 1.0m of 0.19% U3O8) located in Fission's
Discovery Bay Zone 67m to the north-west of Hathor's drill hole MWNE-09-116

 
- WAT08-022C (6.5m of 0.05% U3O8 and 3.5m of 0.03% U3O8) located in Fission's
Discovery Bay Zone 89m to the west of Hathor's drill hole MWNE-09-116 


Based on both Fission and Hathor's drill results a summer program is warranted.
Further details are forthcoming, and will be provided when available. 


Fission is the operator of the Waterbury Lake Project.

The Waterbury Consortium has budgeted C$4.0 million for exploration in 2009.

The technical information in this news release has been prepared in accordance
with the Canadian regulatory requirements set out in National Instrument 43- 101
and reviewed on behalf of the company by Ross McElroy, P.Geol. President and COO
for Fission Energy Corp., a qualified person.


FISSION ENERGY CORP. is a Canadian based resource company specializing in the
strategic acquisition, exploration and development of uranium properties and is
headquartered in Kelowna, British Columbia. FISSION ENERGY CORP. Common Shares
are listed on the TSX Venture Exchange under the symbol "FIS".


Korea Electric Power Corporation (KEPCO) is a Korean government-invested
diversified energy company with over $83-billion (U.S.) in assets. The company
is involved in the generation, transmission and distribution of electrical power
from nuclear, hydro, coal, oil and LNG sources worldwide. Korea Electric Power
provides electricity to almost all households in Korea and operates 20 nuclear
power plants in the country with six more under development. The company has
over 30,000 employees and is listed on the Korean Stock Exchange and the New
York Stock Exchange. (www.kepco.co.kr)


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.


We seek Safe Harbor.

This press release contains "forward-looking information" that is based on
Fission's current expectations, estimates, forecasts and projections. This
forward-looking information includes, among other things, statements with
respect to Fission's development plans. The words "will", "anticipated", "plans"
or other similar words and phrases are intended to identify forward-looking
information.


Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause Fission's actual results, level of activity,
performance or achievements to be materially different from those expressed or
implied by such forward-looking information. Such factors include, but are not
limited to: uncertainties related exploration and development; the ability to
raise sufficient capital to fund exploration and development; changes in
economic conditions or financial markets; increases in input costs; litigation,
legislative, environmental and other judicial, regulatory, political and
competitive developments; technological or operational difficulties or inability
to obtain permits encountered in connection with exploration activities; and
labour relations matters. This list is not exhaustive of the factors that may
affect our forward-looking information. These and other factors should be
considered carefully and readers should not place undue reliance on such
forward-looking information. Fission disclaims any intention or obligation to
update or revise forward-looking information, whether as a result of new
information, future events or otherwise.


ON BEHALF OF THE BOARD

Ross McElroy, President & COO

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