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Fission Grants Stock Options

KELOWNA, BRITISH COLUMBIA--(Marketwire - Jan. 28, 2011) - FISSION ENERGY CORP. ("Fission" or "the Company") (TSX VENTURE:FIS - News) has granted incentive stock options for Directors, Officers, employees and consultants, entitling them to purchase an aggregate of 450,000 shares in the capital of the Company subject to the policies of the TSX Venture Exchange. The options are exercisable until January 27, 2016 at a price of C $1.00 per share.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".This news release 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.ON BEHALF OF THE BOARDDev Randhawa, Chairman & CEONeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.