KELOWNA, BRITISH COLUMBIA — (Marketwired) — 10/29/14 — FISSION 3.0 CORP. (TSX VENTURE: FUU) („Fission 3“ or „the Company“) is pleased to announce the addition of seven new properties and expansions to four existing properties, by staking, in the Athabasca Basin, Canada. Fission 3.0–s objective is to stake areas of significant potential for hosting high-grade uranium deposits then utilize the specialized techniques that led to the successful discovery of shallow, high-grade uranium at Fission Uranium Corp–s PLS project. These techniques include its innovative approach to radon surveys, underwater spectrometer analysis and Fission 3.0–s patent-pending radiometric airborne survey – the same technology used to identify Fission Uranium–s high-grade boulder field at PLS.
The company now has a total of seventeen projects, consisting of 117 claims / permits covering 232,088ha. Sixteen of the projects are in the Athabasca Region and one in Peru. The newly acquired properties are all in Saskatchewan and are referred to as Midas, Hearty Bay, Flowerdew Lake, Hobo Lake, Costigan Lake, River Lake and Karpinka Lake. In addition, new claims were staked in Saskatachewan expanding the existing properties of Thompson Lake, Beaver River, Cree Bay and Grey Island.
Ross McElroy, President, COO, and Chief Geologist for Fission, commented,
„Fission 3.0 has accumulated, through its own evaluation and staking, one of the strongest and most exciting exploration portfolios in the Athabasca Basin region and the award-winning technical team to match. While our primary focus remains exploring our PLN and Clearwater West projects, these new additions are a key component of our project generator business model which focuses on acquiring properties with the potential for near-surface uranium mineralization in the world–s premiere uranium district.“
Property Details
New Properties:
Hobo Lake
Costigan Lake
River Lake
Flowerdew Lake
Hearty Bay
Midas
Karpinka Lake
Expansion to Existing Properties:
Beaver River
Cree Bay
Grey Island
Thompson Lake
Updated property summaries and maps can be found on the Company–s website at .
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. Chief Geologist and COO for Fission 3.0 Corp., a qualified person.
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
Ross McElroy, COO
Cautionary Statement: 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 . The forward-looking statements included in this press release are made as of the date of this press release and Fission 3 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.
Contacts: Fission 3.0 Corp. Rich Matthews Investor Relations 778-484-8030 or TF: 844-484-8030
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