Fission Uranium's Triple R deposit in Saskatchewan's Athabasca Basin is one of the world's largest and highest-grade uranium deposits. The 2018 resource estimate for Triple R indicates 87.8 million pounds of uranium at 1.82% U3O8 in the indicated category and 52.9 million pounds at 1.80% U3O8 in the inferred category. Fission is advancing Triple R towards a pre-feasibility study with a focus on expanding resources through drilling and conducting additional technical and permitting work in 2018. Triple R has the potential for low operating costs of $14.02 per pound on average over its mine life based on a preliminary economic assessment.

1. 1FissionUranium.com
PLS: The World’s Most-Awarded
Uranium Project
Exploration Project
of the Year
Sprott Natural Resource Symposium 2018
Vancouver, BC July 17-20, 2018

2. TSX: FCU OTCQX: FCUUF
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.
The updated Mineral Resources as reported February 20, 2018 are as reported from
data up to Jan 04, 2018 and are reported within a preliminary open pit design at a cut-
off grade of 0.15% U3O8 and 0.3% for resources outside the pit that are potentially
mined by underground methods. The R1620E, R840W and R1515W zones are evaluated
as underground at this time.
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Certain of the technical information contained herein is derived from the September 15,2015 report entitled “Technical Report on the Preliminary Economic Assessment of the
Patterson Lake South Property, Northern Saskatchewan, Canada” (the “PEA”) – a copy of which is filed on the Company’s profile on SEDAR at www.sedar.com. Readers should
be aware that the PEA is preliminary in nature, that it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to
them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. The PEA 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) and that the PEA study is based on a number
of qualifications and assumptions including the following (all values in C$ unless otherwise noted):
Mineral Resources are reported within the preliminary pit design at a pit discard cut-off grade of 0.20% U3O8 and outside the design at an underground cut-off grade of 0.25% U3O8 based
on a long-term price of US$65 per lb U3O8 and PEA cost estimates. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability
Physicals:
• Three years of pre-production and 14 year mine life, processing nominally 1,000 tonnes per day (350,000 tonnes per year)
• Total Tonnes Processed: 4.8 million tonnes at 1.00% U3O8 average grade; open pit mining of 1.56 million tonnes at 2.21% U3O8
• Underground mining of 3.25 million tonnes at 0.42% U3O8
• Process recovery of 95%, supported by metallurgical testwork
• Production of 100.8 million lbs U3O8; an average of 13 million lbs U3O8 per year for 6 years, followed by an average of 3 million lbs U3O8 per year for 8 years
Revenue:
• Long term uranium price of US$65 / lb U3O8
• Exchange rate of 0.85 US$ / C$1.00
• Gross revenue of $7.71 billion, less Saskatchewan gross revenue royalties of $556 million
• Less product transportation charges of $34 million
• Net revenue of $7.12 billion
Operating Costs
• Average OPEX of $16.50/lb (US$14.02/lb) U3O8 over the life of mine
• Unit Operating Costs of $346 per tonne processed. Combined Mining $154 per tonne processed
• Processing: $114 per tonne processed
• Surface and G&A: $78 per tonne processed
• Operating cash flow of $5.45 billion
Capital Costs
• Pre-Production capital costs of $1.1 billion
• Open pit mining $363 million (includes dyke, slurry wall, and overburden removal)
• Process plant $198 million
• Infrastructure $117 million
• Indirects $209 million
• Contingency $208 million
• Sustaining capital costs of $189 million (includes completion of overburden stripping, all underground mine capital costs, and tailings dam lifts)
• Reclamation and closure cost of $50 million
• Cash flow from operations of $4.12 billion
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Technical Information

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Building Shareholder Value Since 1996
Fission Energy Corp (‘07)
$16M Mkt Cap (‘07) to > $150M (‘13)
JV KEPCO (Korea) ($44M)
J-Zone Discovery & Sale to Denison ($85M)
Triple R Discovery
Strathmore Minerals Corp (‘96)
1996 – Uranium at $7/lb
$2M Mkt Cap (‘96) to > $457M (‘07)
Sumitomo Corp (Japan) JV ($50M)
Fission Energy Spin out ($132M)
Fission Uranium Corp (‘13)
Fission takeover of Alpha Minerals ($350M) Fission 3.0 Spin-Out ($25M)
Triple R 43-101 Resource 81.1M Indicated 27.2M Inferred
PEA – OPEX $14.02/lb US
CGN (Chinese Utility) buys 19.99% ($82M)
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Award Winning Project and Team
Dev Randhawa • Ross McElroy
Mining Person/s of the Year, 2013

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Major Exploration Success and Strong Prospects
New Discoveries: Still Early Days
Large, High Grade, Shallow
Resource Backed by PEA
Leading Jurisdiction

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Projected 2.8-fold* increase in Electricity Demand by 2050 (*source iaea.org)
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(Forecast Source: World Nuclear Association, July, 2018)
452 Current Reactors
Operable
+56 Under
Construction
+153 Planned
+328 Proposed
USA: +35
Saudi Arabia: +16
UAE: +10
India: +42
China: +179
E. Asia: +42
Europe: +52
More reactors operating in 2018 than in any other time in history
More Japanese reactors coming online due to strong regulator support
Middle East (home of Big Oil) aggressively securing nuclear energy supply
Russia: +47

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Global Uranium Production Peaked in 2016
8
Substantial Kazakhstan, US, Canda, Niger and Namibia cuts
Production Peaked in 2016 – 162 MM lbs
2018 Production
Projected <135 MM lbs
2018 Reactor Demand
= 192 MM lbs!
Data courtesy of UxC – 2018 Q2 Uranium Market
Outlook & -3.4 MM lbs Kazakh June 2018 Prod Cut

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0
20
40
60
80
100
120
140
160
0
50
100
150
200
250
300
350
90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16
Spot Term Reactor Consumption Spot Price
Utilities buy high and sell low
Lack of long-term contracting leaves utilities exposed
For contracting to return, prices will have to rise
The longer the wait, the stronger the upwards pressure on pricing
U3O8
Mlbs
YEAR
Pressure is Growing for Return to Contracting
Source: UxC, Uranium Market Outlook, Q4 2016
U3O8
US$/lb
U3O8 Purchases

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Japanese Recovery Continuing
10
8 reactors have currently
restarted
17 reactors currently in
the process of restart
approval
2 reactors under
construction
9 new reactors planned
3 new reactors proposed “Our resource-poor country
cannot do without nuclear
power to secure the
stability of energy supply
while considering what
makes economic sense and
the issue of climate
change,” Shinzo Abe, re-elected
Prime Minister of Japan Oct. 2107
(Source: World Nuclear Association,
July, 2018)

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Japanese Backs Role of Nuclear Power in 2030 Energy Plan
11
2010 2016 2030
Nuclear 25% 2% 20-22%
Source: Reuters

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CGN, Fission’s Strategic Partner
19 operating reactors
23 new reactors under construction (world
wide)
Offtake agreement - 20% of annual uranium
production from PLS; option to purchase
additional 15%
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China’s Leading Nuclear Builder Owns 19.9% of Fission
0
50
100
150
200
250
300
Nuclear Reactors in China by 2030
Operable
Plus Reactors Under Construction
Plus Reactors in Planning Phase
Plus Reactors in Proposal Phase
38
58
97
240
China’s Reactor Construction Boom
Beijing, China: Air Quality Red Alert

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Supply Side Vulnerable to Geopolitical Instabilities
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Kazakhstan
Other Countries
Australia
Canada
Africa
Nearly 60% of primary supply comes from politically unstable countries
Saskatchewan, Canada:
Ranked #1 mining investment jurisdiction in 2017 by Fraser Institute
Increased share of global production from 17% to 22% in 2016
14.1%
39%
22%
10.2%
7.9%
Politically unstable
Permitting issues
Stable & supportive
13.8%
Russia & E. Europe
All figures from Uranium Investing News (based on World Nuclear Association country reports)

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1B lbs U3O8 Uncovered in Next 8 Years and Supply Still Being Cut
Kazatomprom - Kazakhstan production cut by 10% in 2017…. more to come?
Cameco - low U3O8 price impact:
McArthur River, the world’s largest uranium mine suspended production in 2018
Canadian operations shut down at Rabbit Lk and Eagle Pt
Production cuts at Cigar Lk
Australian Mine production delayed
Utilities are increasingly uncovered
Source: UxC
0
50
100
150
200
250
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Uncovered US Utilities Uncovered Non-Us Utilities Covered
U3O8 M lb

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ENVIRONMENT
• Political stability
• Pro-mining
• Permitting
INFRASTRUCTURE
• Mills nearby
• Power Grid
• Highways & Air
EXPERIENCE
• 60+ years of mining
• Supplies 22% of the world’s uranium
% U3O8
Athabasca: The Premier High-Grade Uranium District
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Before Triple R Discovery
August 2012

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After Triple R Discovery
October 2012

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Low Hanging Fruit Picked First
Mined Out In Production
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McClean Lake Mine, Saskatchewan, Canada
Drilled
Low-Grade High-Grade >1% U3O8
OPEN PIT MINING
Multi-decade, safe &
successful history of
open-pit uranium mining,
using standard open-pit
mining & dust suppression
techniques
Previous open pit uranium
mines include: Key Lake,
Cluff Lake, Rabbit Lake,
McLean Lake
Deposit depths are general for illustrative purposes
shallow
deep
very
deep
Open Pit
Underground

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Triple R – Drilling Timeline
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Early Days at PLS: Triple R Deposit & New Zones
“Total E-W strike length is now well beyond that of even Cigar Lake (1.95 km) or McArthur
River (1.70 km) – such a lateral extent to us underlines the magnitude of the strength of
the mineralizing system at PLS.”
Raymond James

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Exploration: R1515W - Focus on Growth
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Exploration – Prospective Corridors
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Exploration – Prospective Corridors
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Progressing Triple R Towards Production
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Q1, 2018
Resource Update
Zone Expansion
Q3, 2018
Summer PFS Work
Q4, 2018
Baseline Studies Complete
Possible PFS
2020
FS Complete
Submit EA
R780E
R00E
Triple R Deposit – Resource Estimate(1)
Indicated 87.8M lbs at 1.82% U3O8
Inferred 52.9M lbs at 1.80% U3O8
(1) Please see legal disclaimer on slides 2 and 3 of this presentation

25. TSX: FCU OTCQX: FCUUF 25
Triple R 2018 Resource Estimate Update
Triple R Deposit – Economic U3O8 Resources(1)
Indicated 87.8M lbs at 1.82% U3O8
Inferred 52.9M lbs at 1.80% U3O8
(1) Please see legal disclaimer on slides 2 and 3 of this presentation
W E

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R780E Infill Drilling: High Grade Zone
26
L840EL825EL525E
L495E
L540E
L555E

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Moving Forward
27
2018 Focus on PFS
Growth of Triple R Deposit
Advancing Towards PFS
• Metallurgical Study
• Geotechnical Drilling
• Increase Indicated Resource – Infill Drilling
• Permitting
• Mine and Infrastructure Design

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S2018 Program: Project Development
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How the Triple R Measures Up: Economics
Project OPEX (US$/lb U3O8) Owner/Operator
Triple R $14.02 Average OPEX(1)
• $1.94 (Open Pit)
• $21.07 (Underground)
Fission Uranium
Kazakhstan Avg (ISL mining) $15.41 (2) Uranium One
Cigar Lake, Canada $15.70 (3) Cameco
McArthur River, Canada $16.34 (4) Cameco
Willow Creek, US (ISL mining) $33.85 (5) Uranium One
Average OPEX of US$14.02/lb U3O8
(open pit and underground combined)
Pre-tax NPV $1.81 bln, post-tax NPV
$1.02 bln (10% discount rate)
Pre-tax IRR 46.7%, post-tax IRR 34.2%
Rapid 1.4 yr pay back (pre-tax), 1.7 yr (post-
tax)
Pre-tax Net Cash Flow over LOM of $4.12 bln,
post-tax $2.53 bln
Estimated CAPEX of $1.1 billion
(1) Base case using US$65/lb U3O8 and an exchange rate of US$0.85:C$1.00
(2) Uranium One Inc., Audited Annual Consolidated Financial Statements For the years ended December 31, 2014 and 2013
(3) Cigar Lake Project NI 43-101 Technical Report, February 24, 2012
(4) McArthur River Operation NI 43-101 Technical Report, November 2, 2012
(5) Uranium One Inc., Audited Annual Consolidated Financial Statements For the years ended December 31, 2014 and 2013

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How the Triple R Measures Up: Size
>50% of global uranium supplied by 10 mines
Averaging +7M lbs per year, Triple R positioned to be one of the top 5 global producers
and the largest open pit production
Position Project Location
Mining
Method
2016
Production
(M lbs U3O8)
Percent of
Total
1 McArthur River Canada UG 18.0 11%
2 Cigar Lake Canada UG 17.3 11%
3 Katco Kazakhstan ISR 10.4 7%
4 Olympic Dam Australia UG 9.6 6%
5 Central Mining
District
Uzbekistan ISR 6.2 4%
6 Inkai Kazakhstan ISR 5.7 4%
7 Somair Niger OP 5.6 4%
8 Karatau Kazakhstan ISR 5.4 3%
9 Ranger Australia OP 5.2 3%
10 South Inkai Kazakhstan ISR 5.1 3%
- Remaining - - 69.2 44%
Total 157.7 100%
Source: SNL Metals and Mining
Triple R

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UxC predicts that by 2025, world demand will be in the range of 150 M lbs to 200 M lbs
U3O8, with a potential shortfall in both existing primary and secondary supply
Potential
Triple R
Start-Up
How the Triple R Measures Up: Timing

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Corporate Information
Executive Management Team:
Dev Randhawa, MBA — CEO
Ross McElroy, P.Geol. — President & COO
Advisory Board:
Ron Netolitzky
Michael Halvorson
Mark Wittrup
Chief Teddy Clark
Board of Directors:
Dev Randhawa - Chairman
Ross McElroy
Frank Estergaard
William Marsh
Rob Chang
Paul Ma
Deshao Chen
Analyst Coverage
Alex Pierce – BMO Capital Markets, London
David Talbot — Eight Capital, Toronto
Colin Healey — Haywood Securities, Vancouver
Heiko Ihle — H. C. Wainwright & Co., New York
Tyron Breytenbach — Cormark Securities, Toronto
Financial Summary
Market Cap: C$ 335 million
(as at July, 2018)
Cash: C$ 30.4 million
(as at May 31, 2018)
Daily trading Ave. (3 month) 1,491,800
Shares outstanding: 485.6 million
Options: 46.3 million
Fully diluted: 531.9 million
(as at April 30, 2018)

33. TSX: FCU OTCQX: FCUUF 33
Dev Randhawa, Chairman & CEO
▪ Fission Energy founding CEO and chairman from 2007 to
2013 leading company to Tier One status
▪ Finance Monthly ‘Dealmaker of the Year 2013’,
Northern Miner ‘Person of the Year 2013’
▪ Founder of Pacific Asia China Energy, sold for $34M
Ross McElroy, President and COO
▪ 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+ yrs exp
Paul Charlish, CFO
▪ 30 years specialization in the mining sector
▪ Experience in mergers, acquisitions, spin outs and
divestments for mining companies, including Fission
Energy and Fission Uranium
Ray Ashley, VP Exploration
▪ Professional geophysicist with 30+ years
▪ Responsible for PLS field operations
▪ Involved in several important discoveries including a
key role in the Ekati diamond mine discovery
Fission’s Management Team

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