Fission Energy Corp. Promotes Ross McElroy to President and Chief Operating Officer

FISSION ENERGY CORP. announce that Ross McElroy, currently Vice-President of Exploration, has been promoted to President and Chief Operating Officer. Mr. McElroy has over 20 years professional experience in the mining industry, which include previous positions with BHP Billiton Diamonds, Cogema Canada (now AREVA), and Cameco, where he was a member of the early stage discovery team of the MacArthur River uranium deposit. He has recently relocated to Fission’s head office in Kelowna, where he will continue to oversee the Company’s search for new uranium deposits on the Company’s extensive land holdings in Canada and Peru.

Jody Dahrouge is stepping down as President and Chief Operating Officer. Mr. Dahrouge has accepted an appointment to Fission’s Board of Directors and will remain a consultant to the Company. The Board of Directors would like to thank Mr. Dahrouge for all of his contributions, in particular, his role in acquiring and managing Fission’s exploration properties since 2004. At the same time, the Board welcomes Mr. Dahrouge in his new role, and looks forward to his continued leadership and guidance.

These internal management changes are effective September 1, 2008.

FISSION ENERGY 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. FISSION ENERGY CORP. Common Shares are listed on the TSX Venture Exchange under the symbol “FIS”.