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.

1. 1FissionUranium.com
PLS: The Most-Awarded Uranium
Project
Exploration Project
of the Year
121 Mining Investment Conference London, UK
November 20-21, 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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3. TSX: FCU OTCQX: FCUUF
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
3
Technical Information

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Projected 2.8-fold increase in Electricity Demand by 2050
4
(Forecast Source: World Nuclear Association, October, 2018)
452 Current Reactors
Operable
55 Under
Construction
151 Planned
335 Proposed
USA: +28
Saudi Arabia: +16
UAE: +10
India: +28
China: +136
E. Asia: +10
Europe: +35
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: +22
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

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Growing Electrical Demands and Nuclear Solutions
Electricity demand growing at rapid pace and increasingly
integrated into daily life
As demand for electricity increases, demand for clean energy is
paramount
EV’s entering the marketplace by major automobile
manufactures
Bitcoin POW mechanism annual electric consumption same as
Switzerland
Small Modular Reactors (SMR’s) – implementation is a game
changer
Moving Forward
5
Source: World Nuclear News
5

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Moving Forward
6
Small Modular Reactors (SMR’s)
Small Modular Reactors (SMR’s) – Game changing technology
Assembly line construction will standardize build and
reduce construction risk and decrease cost (analogous to
Ford’s Model T)
Shorter construction time (3 years as opposed to 10
years)
Transport modular components reduces major transport
requirements
Small footprint allows smaller safety zones around
reactors
Incremental power thus suitable for more countries,
more locations
Source: World Nuclear News
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Plans For New Reactors Worldwide
7
Source: https://pris.iaea.org/pris/
452 Nuclear power reactors in
operation
55 Nuclear power reactors under
construction
151 Nuclear power reactors
planned
335 Nuclear power reactors
proposed
Reactors: Uranium Requirements & Future Nuclear Power
Source: WNA October 2018

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CGN, Fission’s Strategic Partner
19 operating reactors*
Important domestic and global builder
of reactors (23 new reactors under
construction world wide)*
Owns 19.9% of Fission
Offtake agreement - 20% of annual
uranium production from PLS; option to
purchase additional 15%
8
China’s Strong Nuclear Buildout
240
China’s Reactor Construction Boom
2030 Estimate
150 reactors in operation*
50 under construction*33
Beijing, China: Air Quality Red Alert *CGN Personal communication

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Japanese Recovery Continuing
9
“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
2010 2016 2030
Nuclear 25% 2% 20-22%
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

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Supply Side Vulnerable to Geopolitical Instabilities
10
Kazakhstan
(to reduce planned uranium
production by 20%)
Other Countries
Australia
Canada
(indefinite suspensions at
McArthur River and Key Lake
operations)
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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Global Uranium Production Declining
11
Substantial cuts to production in Kazakhstan, Canada, US,
Niger and Namibia
Production Peaked in 2016 and has being dropping since
2018 Projected shortfall
~57 MM lbs.
Data courtesy of UxC – 2018 Q2 Uranium Market
Outlook & -3.4 MM lbs Kazakh June 2018 Prod Cut

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1B lbs U3O8 Uncovered in Next 8 Years and Supply Still Being Cut
Low U3O8 price impacts low cost producers
Kazakhstan production cut by 20% over three years starting in 2018
Production indefinitely suspended at McArthur River & Key Lake
Canadian operations shut down at Rabbit Lk and Eagle Pt
Production cuts at Cigar Lk
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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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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Stage Set for Higher Uranium Prices
Source: Data from the Ux Consulting Company, LLC http://www.uxc.com/, Haywood Securities
Cameco CEO, Tim Gitzel, says today Cameco can buy uranium
on the market cheaper than they can produce it, which is what
they plan to do.
“…we’re going to reduce supply and we’re going to add to the
demand by going out to buy so that will bring better times
sooner rather than just continuing to produce into the market.”
Interview with Tim Gitzel and Country 600 CJWW / Saskatoon, SK, CA
November 8, 2017 – Cameco to
suspend production from
McArthur and Key Lake.
July 25, 2018 – extends
suspension for an
indeterminate duration - will
purchase uranium to meet
delivery commitments.
UxC BAP TTM Chart

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Building Shareholder Value Since 1996
Fission Energy Corp (‘07)
JV KEPCO (Korea) ($44M)
J-Zone Discovery & Sale to Denison
($85M)
Strathmore Minerals Corp (‘96)
1996 – U3O8 spot at $7/lb
$2M Mkt Cap to > $457M (‘07)
JV Sumitomo (Japan) ($50M)
Fission Uranium Corp (‘13)
Takeover of Alpha Minerals
Triple R 43-101 Resource 87.76M
Indicated / 52.85M Inferred
PEA – OPEX $14.02/lb US
CGN (Chinese Utility) buys 19.99%
($82M)
Fission 3.0 Spin-Out
15
Fission 3.0 Corp (‘13)
Project Generator with several high-
potential projects: drilling-boulders-
geochem-geophysics-showings
Rhyolite to spend C$22M to earn-in
80% of Macusani Assets
Energy Fuels
Acquires Strathmore in 2013

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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,
Open Pit
Resource Backed by PEA
Leading Jurisdiction

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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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Canada’s Athabasca Basin District
19

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Low Hanging Fruit Picked First
Mined Out In Production
20
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

21. TSX: FCU OTCQX: FCUUF 21
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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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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2018 Summer Drill Program
Nine holes targeting growth and upgrade for the PFS resource estimate
PLS18-588: 76.5m total composite mineralization
15.5m @ 23.89% U3O8 in 50.5m @ 8.21% U3O8

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R780E Infill Drilling: High Grade Zone
24

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Progressing Triple R Towards Production
25
Q1, 2018
Resource Update
Zone Expansion
Q3, 2018
Summer PFS Work
Early 2019
Complete PFS
2020
FS Complete
Submit EA
R780E
R00E
Triple R Deposit – Resource Estimate (1)
(2018 Update based on drilling to end of 2017)
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

26. TSX: FCU OTCQX: FCUUF 26
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

27. TSX: FCU OTCQX: FCUUF 27
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

28. TSX: FCU OTCQX: FCUUF
Moving Forward
28
Competitive Advantage
Shallow, High-Grade, Open Pit
2018 Focus on Pre-Feasibility Study
Advancing Towards PFS
• Metallurgical Study
• Geotechnical Drilling / Dyke Berm Design
• Increase Indicated Resource – Infill Drilling
• Permitting
• Mine and Infrastructure Design

29. TSX: FCU OTCQX: FCUUF
Moving Forward
29
2019-2020 Goals
• Complete PFS in early 2019
• Continue towards FS
• Grow resource by adding Indicated from all zones
(13,000m in 40 holes)
• On-site testing of trench cutter
• Further metallurgical on ore / ARD and metal leach on
waste
• Feasibility level mine design and cost estimation
• Detailed project construction plan & schedule
• Cost estimate…preliminary, but possibly $17M

30. TSX: FCU OTCQX: FCUUF 30
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
Darian Yip
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$ 325 million
(as at October, 2018)
Cash: C$ 22.5 million
(as at October 31, 2018)
Daily trading Ave. (3 month) approx. 750,000
Shares outstanding: 485.8 million
Options: 36.6 million
Fully diluted: 522.4 million
(as at Oct 31, 2018)

31. TSX: FCU OTCQX: FCUUF 31
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, Corporate Secretary
▪ 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

32. 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