Fission Uranium's latest corporate presentation, featuring information on the company's award-winning team and PLS project, as well as the uranium sector and nuclear industry.

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PLS: Athabasca’s Shallow
Depth, Highly Awarded
Uranium Project
September 2020 - Corporate Update
EXPLORATION PROJECT OF THE YEAR 2015
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D I S C L A I M E R & T E C H N I C A L I N F O R M AT I O N
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.
Technical Information
Certain of the technical information contained herein is derived from the September 23, 2019 news release entitled “Fission
Completes Prefeasibility for Underground-Only Mine at PLS: Lower CAPEX, Low OPEX, Minimized Surface Footprint” describing
results of a PFS completed on the project – a copy of which will be filed on the Company’s profile on SEDAR at www.sedar.com
within 45 days. The PFS considers the PLS project as a stand-alone mine and mill operation, which includes development and
extraction of the R00E and R780E zones (Triple R deposit), based on a number of inputs, estimates, and results.
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.
The Mineral Resources have an effective date of October 23, 2018 and are reported at a cut-off grade of 0.25% U3O8 based on a
long-term price of US$50 per lb U3O8 and PFS cost estimates. Mineral Resources that are not Mineral Reserves do not have
demonstrated economic viability.
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Why Fission
Award winning project and
management team
Discovered two world-class
uranium deposits since 2010
One of the world’s largest
and lowest cost uranium
projects
September 2019 PFS outlines UG
mine production of 78.7M lbs of
U3O8, averaging 13.1M lbs per for
the first five years and LOM avg.
cash costs of US$7.18/lb U3O8
Large, shallow, high grade
Triple R Deposit
Resource estimate of Indicated
102.4M lbs U3O8 at 2.1% U3O8
and Inferred 32.8 M lbs U3O8 at
1.22% U3O8
Untapped exploration
potential
Majority of 31,039 ha property,
which is 5 times the size of
Manhattan Island, remains
unexplored
100s of potential drill targets
World class uranium district
Saskatchewan consistently ranked
in the Top 10 Mining Investment
juristictions in the world
Near-term resource growth
Triple R deposit is open in
multiple directions
Potential to convert inferred to
indicated to grow mining
resource
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Award Winning Management Team
Ross McElroy, President and CEO, Director
• Formerly with Cameco, Areva, BHP Billiton
• PDAC 2014 ‘Bill Dennis Award for Exploration
Success’, Northern Miner ‘Person of the Year 2013’
• Significant role in 4 major uranium discoveries in
Athabasca Basin, incl. Fission’s Waterbury Lake & PLS
• Professional geologist of 30+ years experience
S E R I A L LY S U C C E S S F U L M A N A G E M E N T
Ray Ashley
VP Exploration
Ryan Cheung
CFO
Chris Sammartino
Controller
D I R E C T O R S
William Marsh
Kelowna, Canada
Frank Estergaard
Kelowna, Canada
Robby Chang
Toronto, Canada
Darian Yip
Hong Kong, China
He Fei
Beijing, China
Shiming Ma
Beijing, China
TSX: FCU | OTCQX: FCUUF | www.fissionuranium.com4
2014 FINALIST

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Building
Shareholder Value
S I N C E 2 0 0 7
Fission
Energy Corp.
• JV KEPCO (Korea) (C$15M)
• J-Zone (Waterbury)
discovery, 2010
Denison Mines Corp.
• Acquired Fission Energy
Corp.
• Retained Eastern
Athabasca Properties
Fission 3.0 Corp.(Spin-out 2013)
• Project Generator with several high-
potential projects: drilling-boulders-
geochem-geophysics-showings in
Athabasca
5
2007
Fission
Uranium Corp.
• Retained Western Athabasca Properties and
Peru
• Takeover of Alpha Minerals
• Triple R Deposit: discovered (2012)
• Completed maiden reserve estimate and PFS in
April 2019
• Chinese Utility (CGN Mining) buys 19.9% for
C$82M (Jan. 2016)
2013

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The Premier High-Grade Uranium District
AT H A B A S C A
0
0.5
1
1.5
2
2.5
Namibia United
States
Australia Niger Canada
Average Grade (% U3O8)
Jurisdiction
Saskatchewan is in the top 10 ranked
jurisdictions in the world for mining
investment – 2019, the Fraser Institute
Grade
10 to 20 times Global Average
Global supplier
In 2019 Canada (Saskatchewan)
supplied 13.2% of the world’s uranium
(currently due to COVID-19, Canada’s
production has fallen to 0% U3O8)
60+ years of mining
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Canada’s Athabasca Basin District
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Exploration Potential
PLS has over 100 EM Conductors
and multiple exploration hotspots
Triple R deposit associated with just
one of these EM conductors
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31,039 ha property in the
Athabasca Basin district,
with ~ 80% under explored
5X
the size of
Manhattan Island
Triple R deposit is open in
multiple directions and at
depth

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100
200
300
400
500
600
700
800
900
Cluff
Lake
Triple R
9
Key
Lake
McClean
Lake
Midwest
Roughrider
Phoenix
Cigar
Lake
McArthur
River
Millennium
Arrow
Shea
Creek
Past
Producer
Producing
Advanced
Exploration
“Sweet-Spot”
* Based on company information
Low Hanging Fruit Picked First
Orano Cameco
Fission
Orano
Orano
Rio Tinto
Denison
Cameco
Cameco
Cameco
NexGen
Orano
Production on
Hold
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PLS: Pre-Feasibility Studies
• 2 PFS studies completed in 2019: Underground Only and Hybrid Open-Pit / Underground
• Triple R deposit uniquely demonstrates robust flexibility for multiple conventional mining
methods
Advantage of Underground Scenario
• ~C $320M less initial capital cost compared to Open-Pit / Underground Hybrid scenario
• Construction time reduced by 25% to 3 years
• Bottom quartile OPEX cost of US $7.18 per lb U3O8
• Surface footprint reduced by 90% and potentially less impact on environment
• Higher IRR (25% After-Tax)
• Favorable scenario with First Nations rights-holders and local communities
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PLS Project
A P R I L 2 0 1 9 P F S ( O P/ U G ) A N D S E P T 2 0 1 9 P F S ( U G O N LY )
Units
UG Only
(PFS Case) OP/UG (PFS Case)
Mine Type 7.3 years UG 6 years OP
2 years UG
Mine Life Years 7.0 8.2
Construction Period Years 3 years 4 years
Ore Mined M tonnes 2.3 2.9
LOM Avg. Head Grade % U3O8 1.61 1.42
LOM Production M lbs U3O8 81.4 90.5
Avg. LOM Annual Production M lbs U3O8 11.3 11.0
Operating Costs C$/tonne $274 $335
C$/lb U3O8 $9.03 (US$6.77) $9.57 (US$7.17)
Initial Capital Cost C$M $1,177 $1,499
LOM Sustaining Capital Cost C$M $209 $137
Project Economics at US$50/lb U3O8 and C$1.00:US$0.75
Pre-Tax Cash Flow C$M $2,656 $2,910
After-Tax Cash Flow C$M $1,568 $1,759
After-Tax NPV8% C$M $702 $693
After-Tax IRR 25% 21%
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Operating Costs C$/tonne $328 $274
C$/lb U3O8 $9.57 (US$7.18) $9.03 (US$6.77)Operating
Costs

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Fission’s Plan Going Forward
• Continue to bring attention and awareness to the class-leading
Triple R deposit
• Develop a plan for advancing through Feasibility, Permitting, Social
and Environmental Governance
• Continue to build a Management and Operations Team to take us
there
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PLS Project – Timelines Going Forward
2020 -2026
Ongoing
engagement and
consultation
activities with local
stakeholders/rights-
holders on the PLS
project and the
project plans.
2021
Submit project
description to both
the provincial and
federal regulatory
agencies kicking off
the Environmental
Assessment (EA)
phase for the project
2021- 2022
Move towards the
completion of a
bankable Feasibility
Study (FS) for the
underground mine
option in PFS.
2021- 2023
Completion of
Environmental
Assessment (EA)
process and
submission of
Environmental
Impact Statement
(EIS) to the federal
and provincial
regulators.
2024-2027
Project decision and
regulatory approvals
and the project
construction begins
with mine
production starting
in 2026 or 2027.
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Environmental Studies
• 7 years of comprehensive baseline data collected since 2013
• Baseline survey essentially completed in 2019, with on-going monitoring
• Areas completed included wildlife tracking, air quality monitoring
program, aquatic studies focused on a broader regional study area (further
downstream along the Clearwater River).
Baseline Environmental Studies = 2013 – 2020
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Fission’s Commitment:
Communities and Economy
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Community Events and Sponsorship
• Canada Day, Yanessa Cultural Day, Metis-
National Aboriginal Celebrations
• Summer festival
• Core Days and geological events
COVID-19
• Elders Hampers For COVID-19 response
• COVID-19 support – face masks
• La Loche – Community Pandemic funding
• CRDN – Community Pandemic funding
Sports
• La Loche Minor Hockey Registration Fees
• Sports teams at the high school level
Community Donations/other
• Healthy Moms, Babies (La Loche and area)
• CRDN Elders Christmas Hampers
• La Loche Food Bank and Friendship Center
School Programs
• Ducharme Elementary School – Class trips
• Saskatchewan Mining Association MAP
Events
Donation/Sponsorships/Events
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Capital Structure
Share Price Performance (Last 12 Months) Research Coverage
C O R P O R AT E I N F O R M AT I O N
70.32%
Retail &
Other
1.6%
Management
& Board
19.88%
China General
Nuclear Power
8.2%
Institutions
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Tickers
TSX: FCU
OTCQX: FCUUF
Frankfurt: 2FU
Share Price (as of Sept 10, 2020) C$0.37
52 Week Low / High C$0.095 / C$0.49
Basic Shares Outstanding 488.43M
Options 18.22M
Warrants 20.67M
Fully Diluted Shares Outstanding 527.32M
Market Capitalization (Basic) Approx. C$205.1M
Cash & ST Investments (as of August 31, 2020) C$13.06M
Investment in Fission 3.0 Corp. C$1.1M
Institution Analyst City
BMO Capital Markets Alex Pearce London
Eight Capital David Talbot Toronto
H.C. Wainwright & Co. Heiko Ihle New York

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PFS Results
Physicals
• Three-year construction period, consisting of box cut and portal, decline,
ventilation shafts, underground capital development, and plant and infrastructure
construction
• Approximately seven years of operations at 1,000 tonnes per day (tpd) ore
• 2.3 Mt processed over the LOM, grading 1.61% U3O8, containing 81.4 M lbs U3O8
• Process recovery of 96.8%, based on PFS-level metallurgical testwork
• Production of 78.7 M lbs of U3O8, averaging 13.1 M lbs per year for the first five
years
Revenue
• Uranium price of US$50/lb U3O8, based on long-term consensus forecasts.
• Exchange rate of 0.75 US$/C$1.00
• Gross revenue of C$5,250 million, less Saskatchewan Government Gross Revenue
Royalties of C$381 million
• Net revenue of C$4,869 million
• Pre-Tax Cash Flow of 2,656 million
• After-Tax Cash Flow of 1,568 million
Operating Costs
• Average OPEX of C$9.57/lb (US$7.18/lb) U3O8 over the life of mine
• Unit Operating Costs of C$328 per tonne processed.
• Mining: C$137 per tonne processed
• Processing: C$116 per tonne processed
• Surface and G&A: C$75 per tonne processed
Capital Costs
• Pre-Production capital costs of $1.177 billion
• Underground mining - C$201 million
• Process plant - C$350 million
• Infrastructure - C$120 million
• Indirects & Owner’s Costs - C$315 million
• Contingency - C$192 million
• Sustaining capital costs of C$209 million
• Reclamation and closure cost of C$74 million
Physicals
• Four years of pre-production and 8 years of mine life, processing nominally 1,000
tonnes per day (350,000 tonnes per year)
• Total Tonnes Processed: 2.89 million tonnes at 1.42% U3O8 average grade; open pit
mining of 2.30 million tonnes at 1.62% U3O8
• Underground mining of 0.59 million tonnes at 0.63% U3O8
• Process recovery of 96.7%, supported by metallurgical testwork
• Production of 90.5 million lbs U3O8; an average of almost 15 million lbs U3O8 per
year for 5 years, followed by a lower-production tail
Revenue
• Long term uranium price of US$50 / lb U3O8
• Exchange rate of 0.75 US$ / C$1.00
• Gross revenue of C$5.84 billion, less Saskatchewan gross revenue royalties of $423
million
• Net revenue of C$5.41 billion
• Pre-Tax Cash Flow of 2,910 million
• Post-Tax Cash Flow of 1,759 million
Operating Costs
• Average OPEX of C$9.03/lb (US$6.77/lb) U3O8 over the life of mine
• Unit Operating Costs of C$274 per tonne processed.
• Combined Mining C$89 per tonne processed
• Processing: C$115 per tonne processed
• Surface and G&A: C$71 per tonne processed
• Operating cash flow of C$4.62 billion
Capital Costs
• Pre-Production capital costs of $1.498 billion
• Dyke and Slurry Wall - C$371 million
• Open pit mining - C$44 million
• Process plant - C$241 million
• Tailings Facility - C$101 million
• Infrastructure - C$114 million
• Indirects & Owner’s Costs - C$376 million
• Contingency - C$250 million
• Sustaining capital costs of C$137 million (includes all underground mine capital
costs, and tailings dam lifts)
• Reclamation and closure cost of C$77 million
• Cash flow from operations of C$2.91 billion
Hybrid PFS U/G Only PFS
Appendix

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Fission Uranium Corp.
Phone: +1 250 868 8140
Toll Free: +1 877 868 8140 (North America)
Investor Relations:
Email: ir@fissionuranium.com
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