fcu presentation update 2013 aug 15 final (2)

Aug 20, 2013 – Toronto, ON

Fission Uranium Corp

Growing World Class Discoveries

TSX-V: FCU OTCQX: FCUUF FSX: 2FU 2 @fissionuranium www.fissionuranium.com

August 20, 2013 Toronto, ON

Disclaimer

The following information may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

All historical resource estimates were completed prior to the implementation of NI 43-101 and the Company has not done the work necessary to verify the classification of the resource or reserve, they should not be relied upon or considered a defined resource according to NI 43-101; Except for those properties where NI 43-101 have been completed.

The technical information in this corporate presentation 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 Uranium Corp., a qualified person.



With Strategic Partners: Increasing Value since 1996

Fission Energy Corp Beginning in 2007 $2m Market Cap

grows to > $150m in 2013 KEPCO JV ($44m) 2 Major Discoveries in 3 years Denison Mines Acquires Assets 2013 Notable JV Partners:

KEPCO Rio Tinto Uranium One JOGMEC JCU Denison Mines

Strathmore Minerals Corp Beginning in 1996 $2m Market Cap

grows to > $457m in 2007 Sumitomo Corp JV ($50m) Fission Energy Corp Spin-Off 2007

Fission Uranium Corp PLS Discovery $15m Cash $75m - $190m Market Cap Growth

since inception May 1, 2013



-100%

-50%

0%

50%

100%

150%

200%

250%

300%

350%

400%

450%

FISSION

UEC

ENERGY FUELS

URANIUM ONE

DENISON

URA ETF

PLS Discovery Hole 22

Denison LOI

PLS Winter Drilling

FCU Spinout / Assays PLS Summer Drilling

+ 400 %

- 6 %

+ 25 %

+ 15 %

- 17 %

Fission Shareholder Value Increase Compared with

Peers and Uranium ETF since Nov 2012

Nov/12 Jan/13 Mar/13 May/13 Jul 13 Aug 13

+ 0 %



Electricity Demand to Grow 76% by 2030 The number of nuclear reactors is rising to meet it

By 2030: China +199 India +64 Russia +54 United States +27 Saudi Arabia +16 UAE+14 United Kingdom +13 S. Korea +10

Growth Developed

Source: World Nuclear Association July / 13

Under Construction: +68

Proposed by 2030: +316

Current Reactors Operating: 432

Developed

Within 8 – 10 Years: +162



Uranium: The Supply Crunch

0

20

40

60

80

100

120

140

160

2011 2012 2013

HEU Agreement

SecondarySources

Mining Production

*

U3O8 lbs (million)

* Source: World Nuclear Association

2013 End of the HEU agreement

Expected supply gap

Uranium prices should rise

2013 Demand to equal 146m lbs U3O8 Current output 121m lbs *



Uranium: Higher prices are here to stay

Fukushima

Source: Ux Consulting Company LLC



Show me the Grade: The 5 Top Regions

0

0.5

1

1.5

2

Kazakhstan Namibia Australia Niger Canada

Average Grade - % U308

(South Inkai) (Langer Hienrich) (Ranger)

(Akouta)

(Athabasca) Source: WNA

.08%



Understanding the Value of Uranium Grades

1% U308 at $60/lb GOLD 0.84 oz/t 26 g/t Au

SILVER 49 oz/t

COPPER 16.7%

NICKEL 8.3%

GRADES & VALUES Metal Grade lbs/t $/unit Value/t

U3O8 (lb) 1% 22 $60 $1323

Au (oz) 0.84 oz/t - $1580 $1327

Ag (oz) 49 oz/t - $27 $1323

Cu (lb) 16.7% 368 $3.6 $1325

Ni (lb) 8.3% 183 $7.2 $1317

Calculated in $US using Metric Tonnes and Troy Ounces as of April 10/13



ENVIRONMENT

• Political stability

• Pro-mining

• Permitting

INFRASTRUCTURE

• Mills nearby

• Power Grid

• Highways & Air

GRADES More than

X10 World average

Post Fukushima: Rio Tinto Spends $654M

To Gain A Foothold In The Athabasca Basin 40 years of mining, supplying 19% of the world’s uranium



Depth of Major Discoveries in the Athabasca

Open Pit Mining

Underground Mining



Fission’s Athabasca Properties



PLS : 4 Zones Over 1km Trend

“Off-Scale” Radioactivity in all 4 Zones



15

PLS : East-West Longitudinal Section

PLS13-072 PLS13-075



16

31.6% U3O8

R00E: Line 025W – Looking East

PLS13-037 7.5m @ 2.25% U3O8

including 2m @ 7.43% U3O8

PLS13-037 3.5m @ 7.27% U3O8


PLS13-027 37.5m @ 1.06% U3O8


PLS13-026 21.5m @ 0.77% U3O8


PLS13-029 30m @ 0.76% U3O8

including 3.5m @ 3.57% U3O8 3.5m @ 2.08% U3O8

PLS13-031 23.5m @ 0.67% U3O8

including 7.5m @ 1.58% U3O8

PLS13-033 2m @ 0.17% U3O8



17

31.6% U3O8

PLS13-037 7.5m @ 2.25% U3O8


PLS13-037 3.5m @ 7.27% U3O8


PLS13-027 37.5m @ 1.06% U3O8


PLS13-026 21.5m @ 0.77% U3O8


PLS13-029 30m @ 0.76% U3O8


PLS13-031 23.5m @ 0.67% U3O8


PLS13-033 2m @ 0.17% U3O8

R390E: Line 390E – Looking East

PLS13-038 34m @ 4.92% U3O8


PLS13-038 17.5m @ 0.96% U3O8


PLS13-044 17m @ 0.24% U3O8


PLS13-046 1.5m @ 0.13% U3O8

PLS13-068 15m @ 0.26% U3O8

PLS13-070 3.5m @ 0.13% U3O8



18

31.6% U3O8


PLS13-060 7m @ 1.22% U3O8


PLS13-055 10m @ 0.57% U3O8


PLS13-048 9.5m @ 0.08% U3O8 6.5m @ 0.18 U3O8

PLS13-055 4.5m @ 0.4% U3O8

PLS13-055 4m @ 0.4% U3O8

PLS13-060 5m @ 0.36% U3O8



19

31.6% U3O8




PLS: Four Mineralized Zones within 1.02km



21

PLS : East-West Longitudinal Section

31.6% U3O8 R00E R390E R780E

105m 270m

R945E

135m

345m

165m

1.02km



22

R390E Zone: Longitudinal View of Drill-Holes

L375E L390E L405E

PLS13-053 PLS13-038 PLS13-051 PLS13-066

L420E

100m 100m

25,000 50,000 75,000 25,000 50,000 75,000 25,000 50,000 75,000 25,000 50,000 75,000 100,000 100,000 100,000 100,000

34m @ 4.92% U3O8 incl.12.5m @ 12.38%

66.5m of Mineralization with 18.9m off-scale *




53m @ 6.57% U3O8 incl.10.5m @ 29.26%

49.5m @ 6.26% U3O8 incl. 6m @ 35.0%

16.5m @ 2.63% U3O8 incl 3m @ 13.19%

17.5m @ 0.96% U3O8

63.5m @ 1.15% U3O8 incl. 6m @ 2.6%

* Mineralization = >300 cps in 0.5m and off-scale is >9999 cps using an Exploranium G-110 Scintillometer



PLS13-038: Lithology-Downhole Gamma-Scint-Assays

De

pth

(m

)

CPS

Assays Geology Downhole Gamma

Hand Scint

34m @ 4.92% U3O8

17.5 @ 0.96% U3O8

12.5m @ 12.38% U3O8

5.5m @ 2.07% U3O8

0 40 0 100k % U3O8



PLS : Summer Exploration Program



Radon Surveys Identify 11 Anomalies

39.6% U3O8



PLS : Resistivity Survey

31.6% U3O8



PLS : Boulder Field and Drilling Discovery

31.6% U3O8



Highlights:

Patterson Lake North (PLN) 50% JV with Azincourt Resources Inc.

$16.7M Earn in Agreement

Adjacent to PLS and 5.7km north of the Discovery

Part of the same structural corridor as PLS

$4.7M invested in geophyisics and site prep

Together with Radon and Helium Surveys, 2000m drilling program planned for year 1

Clearwater West Adjacent to PLS property to the south

Staked December 2012

Part of the same structural corridor as PLS

Beaver River Acquired in May 2013 44km East of

Uranium City

Historical assays include 3.66%, 3.37%, 2.93% U3O8

Fission’s Western Athabasca Properties



Staked in1998

First property staked in the emerging Macusani district

Nine concessions covering 5100 ha

Near-surface

mineralization

Macusani Property, Peru



Dev Randhawa, Chairman & CEO Fission founding CEO and chairman since

2007 leading company to Tier One status Former CEO/founder of Strathmore Minerals Founder of Pacific Asia China Energy and sold

for $34M

Ross McElroy, President and COO Formerly with Cameco, Areva, BHP Billiton Instrumental in four of the last nine major

uranium discoveries in the Athabasca Basin, including Fission’s Waterbury Lake

Professional geologist of 25+ yrs exp

Paul Charlish, VP Finance 23 years finance experience including public

practice, audit/tax & public companies

Greg Downey, CFO CMA with 20 years of audit, tax and industry

experience

Richard Matthews, IR Manager Experienced IR professional Business development expert who has

previously founded and managed several successful businesses

Fission’s Management Team



Financial Summary Market Cap: C$181.0 million (as at August 15, 2013) Cash: C$ 16.0 million (as at June 30, 2013) Daily trading Ave. (3 month) 2.0 million Shares outstanding: 149.9 million Warrants: 4.0 million Options: 14.2 million Fully diluted: 167.4 million (as at July 17, 2013) Management Team & Board:

Dev Randhawa, MBA - Chairman, CEO, Director Ross McElroy, P.Geol. - President & COO, Director Frank Estergaard, CA – Director William Marsh – Director Jeremy Ross – Director Executive Advisory Board: Ron Netolitzky, P.Geol. Michael Halvorson Anthony Milewski Teddy Clark

Analyst Coverage David Talbot – Dundee Securities, Toronto Rob Chang – Cantor Fitzgerald, Toronto David Sadowski – Raymond James, Vancouver Heiko Ihle – Euro Pacific Capital, New York Joe Mazumdar – Canaccord Genuity, Vancouver Mike Kozak - Cormark Securities, Toronto

Institutional Ownership Sprott Asset Management 8.8% Middlefield Securities 3.2% Frontstreet 1.7% Goodman 1.5% First Canadian 1.4%

Corporate Summary

Fission Uranium Corp

Phone: 250.868.8140

Toll Free: 1.877.868.8140

Email: [email protected]

Web: www.fissionuranium.com

Rich Matthews, Investor Relations

Phone: 778.484.8026

Email: [email protected]

For further info, contact: