FIS Fission Energy Corp.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

FISSION ENERGY CORP. ("Fission" or "the Company") (TSX VENTURE:FIS) announces
that the non-brokered private placement to raise up to $3 million from the sale
of common share units and $2 million from the sale of flow-through share units,
as announced on May 28, 2009, has closed.


A total of $3,931,730.95 was raised, which includes $2,370,000 from the sale of
7,900,000 common share units and $1,561,730.95 from the sale of 4,462,086
flow-through units. Included in the flow-through portion was the placement of
2,285,7142 flow-through units with the MineralFields Group for proceeds
totalling $800,000.


Devinder Randhawa, Fission's CEO commented "the Company is very pleased to have
the MineralFields Group participate in this financing, which will be used to
help advance exploration at Waterbury Lake and other key projects in the
Athabasca Basin and Quebec."


The Common Share Units are priced at $.30 per common share unit and the
Flow-Through Common Share Units are priced at $.35 per unit. Each Common Share
Unit consists of one common share and one common share purchase warrant
exercisable at $.40 with an expiry date of July 21, 2011. Each Flow-Through
Common Share Unit consists of one flow-through common share and one-half of one
common share purchase warrant. One full warrant purchases one common share at
$.45 and has an expiry date of July 21, 2011.


A cash finder's fee of $252,738 has been paid and the Company has granted
785,634 Finder's fee warrants exercisable at $.30 per share with an expiry date
of July 21, 2011.


The Common Shares and Flow-Through Shares will be subject to resale restrictions
for a period of four months.


The net proceeds of the offering of Flow-Through Shares will be used to incur
eligible Canadian exploration expenses, which will be renounced in favor of the
purchasers for the 2009 taxation year. The net proceeds from the sale of the
Common Shares will be used to advance development of the Company's properties
and for general working capital.


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".


MINERALFIELDS GROUP (a division of Pathway Asset Management), based in Toronto
and Vancouver, is a mining fund with significant assets under administration
that offers its tax-advantaged super flow-through limited partnerships to
investors throughout Canada as well as hard-dollar resource limited partnerships
to investors throughout the world. Pathway Asset Management also specializes in
the manufacturing and distribution of structured products and mutual funds
(including the Pathway Multi Series Funds Inc. corporate-class mutual fund
series). Information about MineralFields Group is available at
www.mineralfields.com. First Canadian Securities(R) is active in leading
resource financings (both flow-through and hard dollar PIPE financings) on
competitive, effective and service-friendly terms, and offers investment
banking, mergers and acquisitions, and mining industry consulting, services to
resource companies. MineralFields and Pathway have financed several hundred
mining and oil and gas exploration companies to date through First Canadian
Securities(R).


This press release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The Flow-Through Shares
and Common Shares have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act") or any
state securities laws and may not be offered or sold within the United States or
to U.S. Persons unless registered under the U.S. Securities Act and applicable
state securities laws or an exemption from such registration is available.


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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