Fission 3 Announces Closing of Second and Final Tranche of Private Placement

April 24, 2017

KELOWNA, BRITISH COLUMBIA–(Marketwired – April 24, 2017) –

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

Fission 3.0 Corp. (“Fission 3” or the “Company“) (TSX VENTURE:FUU) is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement (the “Private Placement“). The Company issued 24,182,683 units (“Units“) at a price of C$0.07 per Unit for gross proceeds of C$1,692,788 in the second tranche of the Private Placement. In the aggregate, the first and second tranches of the Private Placement comprise 41,846,383 Units for gross proceeds of C$2,929,247. Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant issued in the second tranche of the Private Placement is exercisable for an additional common share until April 21, 2019, and each whole warrant issued in the first tranche of the Private Placement is exercisable for an additional common share until March 31, 2019, all at an exercise price of C$0.10 per warrant. The Company did not issue any flow-through shares in connection with the Private Placement.

All securities issued pursuant to the second tranche of the Private Placement are subject to a statutory hold period expiring on August 22, 2017.

In connection with the closing of the second tranche of the Private Placement, the finders received an aggregate cash commission of $54,023, representing 7.5% of the gross proceeds raised by such finders, plus an aggregate of 771,758 non-transferable finder’s warrants (“Finder’s Warrants“), representing 7.5% of the number of units issued and sold pursuant to the efforts of the finders under the Private Placement. In the aggregate, the first and second tranches of the Private Placement comprise a cash commission of $88,729 and 1,267,560 Finder’s Warrants. Each Finder’s Warrant issued in the second tranche of the Private Placement is exercisable to purchase one common share until April 21, 2019, and each Finder’s Warrant issued in the first tranche of the Private Placement is exercisable to purchase one common share until March 31, 2019, all at an exercise price of $0.07 per Finder’s Warrant.

The net proceeds from the sale of the Units will be used to advance development of the Company’s properties and for general working capital.

About Fission 3.0 Corp.

Fission 3.0 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. Common Shares are listed on the TSX Venture Exchange under the symbol “FUU.”

ON BEHALF OF THE BOARD

Dev Randhawa, CEO

Fission 3.0 Corp.

Cautionary Statement: Fission 3.0 Corp.

Certain information contained in this press release constitutes “forward-looking information”, within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”, “be achieved” or “has the potential to”. Forward looking statements contained in this press release may include statements regarding the future operating or financial performance of Fission 3.0 Corp. which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: market conditions and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and Fission 3.0 Corp. disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

    • Investor Relations
    • Rich Matthews
    • TF: 778-484-8030

[email protected]
www.fission3corp.com


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