Fission 3.0 and Traction Drilling Intersects
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Suite 750 – 1620 Dickson Ave.
Kelowna, BC V1Y 9Y2
www.fission3corp.com
TSX VENTURE SYMBOL : FUU
OTCQB SYMBOL : FISOF
Fission 3.0 and Traction Drilling Intersects
Anomalous Radioactivity at Lazy Edward Bay
May 31, 2022 – Kelowna, B.C. – Fission 3.0 Corp. (“Fission 3”) and Traction Uranium Corp.
(“Traction”) are pleased to provide an update of the drilling at the Lazy Edward Bay project in the
SE Athabasca Basin region which commenced on May 17, 2022. Drilling on the Horse West
conductor has encountered anomalous radioactivity in drill hole LEB22-004 near the sandstone-
basement unconformity at 164.6 m associated with a reverse fault.
Hole LEB22-004 is the fourth hole to be completed during the ongoing summer drilling program
and intersected elevated radioactivity associated with a reverse fault at the unconformity from
163.50 to 164.0 m with a maximum of 430 cps, measured on the drill core with a handheld
Radiation Solutions RS-125 scintillometer. This corresponds with a peak of 1320 cps on the
borehole gamma probe within a 1.6m interval from 162.56 m to 164.16 m greater than 500 cps.
These results confirm what has been reported by Uranerz Exploration and Mining Limited in
historic drill hole LE-73 drilled in 1989. Geochemical analyses by Uranerz showed that the
radiometric anomalies encountered in LE-73 near the unconformity were predominantly caused by
high thorium contents, but they were also accompanied with elevated uranium values (170.4 m to
170.6 m of 40 ppm U and 733 ppm Th).
Follow up hole LEB-005 down dip of this intersection is in progress to test the footwall where the
reverse fault intersects the basement, which is a similar setting to the occurrence of the McArthur
River uranium mine.
Natural gamma radiation in drill core that is report ed in this news release was measured in counts
per second (cps) using a handhe ld Radiation Solutions RS-125 scintillometer. Natural gamma
radiation in the drill hole surveys that are reported in this news release was measured in counts per
second (cps) using a Mount Sopr is Instruments QL40-GRA borehol e gamma probe. The reader is
cautioned that scintillometer readings are not directly or uniformly related to uranium grades of the
rock sample measured and should be used only as a preliminary indicati on of the presence of
radioactive materials. All intersections are down -hole. All depths repor ted of core interval
measurements of radioactivity are not always representative of true thickness.
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Qualified Person
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
Raymond Ashley, P.Geo., Vice President, Exploration of Fission 3.0 Corp., a Qualified Person.
About Fission 3.0 Corp.
Fission 3 is a uranium project generator and exploration company, focusing on projects in the Athabasca
Basin, home to some of world's largest high grade uranium discoveries. Fission 3 currently has 16 projects
in the Athabasca Basin. Several of Fission 3's projects are near large uranium discoveries, including, Arrow,
Triple R and Hurricane deposits. Fission 3 is currently planning a winter exploration/drill program on its
PLN project.
https://twitter.com/Fission3Corp
About Traction Explorations Inc.
Traction is a mineral exploration company with an objective to locate and develop economic mineral
properties. The Company is based in Vancouver, BC and holds an option over the Whitewater Property
located in the Slocan Mining Division, Kaslo, British Columbia.
For more information, investors should review the Company’s filings that are available at www.sedar.com.
Forward Looking Statements
This news release contains certain forward‐looking statements within the meaning of applicable securities
laws. All statements that are not historical facts, including without limitation, statements regarding future
estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future
performance, including statements regarding the suitability of the Properties for mining exploration, future
payments, issuance of shares and work commitment funds, entry into of a definitive option agreement
respecting the Properties, are "forward‐looking statements." These forward‐looking statements reflect the
expectations or beliefs of management of the Company based on information currently available to it.
Forward‐looking statements are subject to a number of risks and uncertainties, including those detailed
from time to time in filings made by the Company with securities regulatory authorities, which may cause
actual outcomes to differ materially from those discussed in the forward‐looking statements. These factors
should be considered carefully and readers are cautioned not to place undue reliance on such forward‐
looking statements. The forward‐looking statements and information contained in this news release are
made as of the date hereof and the Company undertakes no obligation to update publicly or revise any
forward‐looking statements or information, whether as a result of new information, future events or
otherwise, unless so required by applicable securities laws.
The TSX Venture Exchange and the Canadian Securities Exchange have not reviewed, approved or
disapproved the contents of this press release, and do not accept responsibility for the adequacy or accuracy
of this release.
Neither 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.
Fission 3.0 Corp. Contact Information
Investor Relations
Telephone: 778 484 8030
Email: [email protected]
Traction Contact Information
Michael Malana
Director and CEO
Telephone: 604 561 2687
Email: [email protected]
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO
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Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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 www.sedar.com. 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.