FIS Fission Energy Corp.

FISSION ENERGY CORP. ("Fission" or the "Company") (TSX VENTURE:FIS) announces it
has completed four additional vertical oriented step-out drill holes (WAT10-081,
083B, 085, and 087), which have extended the J-Zone's east-west trending
mineralized strike length to approximately 80m and 40m wide, north-south. All
four drill holes intersected highly radioactive mineralization at the
unconformity, with holes 081, 083B and 087 identifying "off-scale" (cps greater
than 9,999) radioactivity totalling 1.15m, 2.42m, and 1.05m respectively.


Drill holes WAT10-081, 085, and 087 were drilled to the west along strike, with
hole 087 now being the furthest step-out to the west. Hole WAT10-083B has
extended mineralization approximately 10m to the north of hole WAT10-074, which
intersected 3.5m of highly radioactive mineralization; assays pending (see news
release dated March 8, 2010). These latest four drill holes continue to
demonstrate that mineralization is trending laterally to the west, in addition
to remaining open both to the north and south. The current winter drill program
is expected to be completed by the end of March.


An updated map of the J-Zone showing the location of the latest four drill holes
and a table summarizing Drill Core Hand-Held Scintillometer Readings can be
found on the Company's website at
http://www.fission-energy.com/s/WaterburyLake.asp.


Drill Hole Summary

All holes reported herein are collared at a vertical orientation, and terminated
within unaltered basement rocks. Given that the mineralization thus far
encountered appears to be almost flat-lying, drill intercepts reported herein
are approximately true thickness. Results for the latest holes are summarized as
follows:


Hole WAT10-083B intersected 6.5m of highly radioactive mineralization
(195m-201.5m), including four intercepts totalling 2.42m of "off scale"
radioactivity within a broad interval of anomalous and variable radioactivity
from 192.5m to 202.0m. "Off-scale" radioactivity begins at 195.5m, just above
the unconformity. The hole encountered strongly fractured rock from 40m above
the unconformity to 202.0m. Moderate clay alteration was intersected from 176.7m
to 194.0m and very strong hematite and chlorite clay alteration above and below
the unconformity from 194.0m to 202.0m. Strong to moderate clay alteration
continues to 228.4m and persists less intensely to 241.5m.


The basement rocks from the unconformity to 296.0m (EOH) comprise a package of
metapelitic gneiss (locally graphitic), with intermittent pegmatite-rich
intervals.


WAT10-083B was collared 10m northeast of hole WAT10-074 and completed to a depth
of 296.0m. The unconformity was intersected at approximately 196.7m.


Hole WAT10-081 intersected 3.0m of highly radioactive mineralization
(201.5m-204.5), including a 1.15m (203.0-204.15) intercept of "off-scale"
radioactivity within an interval of anomalous and variable radioactivity from
197.0m to 205.0m. A strongly fractured and clay altered interval was encountered
above and below the unconformity from 189.15m to 204.0m with intense hematite
and chlorite clay alteration from 198.5m to 205.5m. Moderate clay alteration
continues to 226.0m, and intermittently from 245.0m to 251.0m.


The basement rocks from the unconformity to 265.4m comprise a package of
metapelitic gneiss (locally graphitic). A quartz-feldspar gneiss was intersected
from 263.5m to 275.0m (EOH).


WAT10-081 was collared 10m southwest of hole WAT10-077 and completed to a depth
of 275.0m, with the unconformity intersected at approximately 199.9m.


Hole WAT10-087 intersected a 3.5m interval of highly radioactive mineralization
(194.0m-197.5m), including two intercepts totalling 1.05m of "off-scale" hand
scintillometer readings within an interval of anomalous and variable
radioactivity from 190.5m to 200.0m. This hole encountered intermittent moderate
to strong chlorite and hematite clay alteration from above and below the
unconformity from 191.0m to 206.0m. Moderate to locally strong clay alteration
persists to 252.0m. A graphitic and clay-rich fault zone from 260.0m to 266.0m
was intersected.


The basement rocks from the unconformity to 284.0m (EOH) comprise a package of
metapelitic gneiss (locally graphitic), with intermittent pegmatite-rich
intervals.


WAT10-087 hole was collared 10m north-west of hole WAT10-085 and completed to a
depth of 281.0m, with the unconformity intersected at approximately 195.55m.


Hole WAT10-085 intersected an interval of anomalous and variable radioactivity
(194.0m to 205.0m) with the strongest radioactivity within a 6.0m interval from
195.5m to 202.5m (up to 9,200 cps). This hole encountered moderately intense
fractured rock from 25m above the unconformity to 188.0m, and strongly fractured
rock from 188.0m to 215.0m. A continuous and wide interval of moderate to strong
clay alteration was encountered from 183.0m to 239.2m, including moderate
hematite and chlorite alteration above and below the unconformity from 189.0m to
210.4m. A wide graphitic and clay-rich fault zone from 228.5m to 238.6m was
intersected.


The basement rocks from the unconformity to 284.0m (EOH) comprise a package of
metapelitic gneiss (locally graphitic), with intermittent pegmatite-rich
intervals.


WAT10-085 was collared 13m west of hole WAT10-074 and completed to a depth of
284.0m, with the unconformity intersected at approximately 196.1m.


All holes were radiometrically surveyed with a Mount Sopris 2GHF Triple Gamma
probe. The triple gamma probe uses both a Na-I scintillation crystal and a
ZP1320 High-Flux Geiger-Mueller tube pair, which allows better resolution in
strongly radiometric intervals.


Natural gamma radiation in drill core that is reported in this news release was
measured in counts per second (cps) using a hand held Exploranium GR-110G total
count gamma-ray scintillometer. The reader is cautioned that scintillometer
readings are not directly or uniformly related to uranium grades of the rock
sample measured, and should be used only as a preliminary indication of the
presence of radioactive materials. All intersections are down-hole, core
interval measurements and true thickness is yet to be determined.


Split core samples from the mineralized section of core will be taken
continuously through the mineralized intervals and submitted to SRC
Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of
Saskatoon for analysis, which includes U3O8 (wt %) and fire assay for gold,
platinum and palladium. All samples sent for analysis will include a 63 element
ICP-OES, uranium by fluorimetry (partial digestion) and boron. Chemical results
will be released when received. Further updates will be provided.


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".


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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