FISSION URANIUM CORP. announced that it has entered into an engagement and capacity agreement (the "Agreement") with the Ya'thi Néné Lands and Resources Office ("YNLR"), which represents the Athabasca Nations and Communities of the Nuhenéné. Fission's PLS project (the "PLS Project") in the Athabasca Basin is within the Athabasca Denesu?line´ territory and is currently advancing through the Feasibility Study and Environmental Assessment phase.

The Agreement serves as a process for Fission and YNLR to meaningfully engage in respect of the PLS Project, and it strengthens the positive and constructive working relationship the parties have developed. During this stage of engagement, Fission and YNLR will work to identify potential areas of interest or concern related to Indigenous rights and culture, traditional land and resource use, and community interests, and options to address those matters. The capacity funding provided by Fission to YNLR as part of this Agreement will facilitate the sharing of information between Fission and YNLR with respect to the Environmental Assessment and other aspects of early planning and design for the PLS project.

This Agreement reflects Fission's commitment to building strong relationships with rights-holders, including First Nations and Métis communities, throughout the life of Fission's PLS Project. The Company has met with and continues to engage regularly with representatives of rights-holders and communities in the Patterson Lake area. The goal is to ensure that all rights-holders remain up to date regarding the PLS Project's current status and future plans.

Through early and ongoing engagement and information sharing, the Company aims to work together to identify and respond to concerns or opportunities as they arise. Early in 2023, Fission will expand its engagement program to seek input from key stakeholder groups including local municipalities, subject matter experts, land users, and regulatory agencies.