KELOWNA, British Columbia, May 18, 2018 (GLOBE NEWSWIRE) -- FISSION URANIUM CORP. ("Fission" or the “Corporation") (TSX:FCU) (OTCQX:FCUUF) (FRANKFURT:2FU) today announced that Jianhua Xing has resigned as a member of the board of directors of the Corporation (the “Board”), effective immediately. The Corporation also announced today that Deshao Chen has been appointed to the Board, effective immediately.
CGN Mining Company Limited (“CGN Mining”) is entitled, pursuant to a subscription agreement with the Corporation dated January 11, 2016, to nominate up to two directors to the Board in accordance with the terms of the subscription agreement. Jianhua Xing acted as one such nominee. CGN Mining has nominated Deshao to replace Jianhua Xing.
Mr. Chen has 22 years working experience in the financial field. He currently serves as the Executive Director and CFO of CGN Mining, which is focused on the development and trading of natural uranium resources for use by nuclear energy companies. Prior to his current role, Mr. Chen held senior roles with CGNPC-URC and Ling Ao Nuclear Power Corporation. Mr. Chen holds a B.E. from Anhui University of Finance and Economics and a Master of Accounting from Xiamen University.
About Fission Uranium
Fission Uranium Corp. is a Canadian based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property - host to the world-class Triple R uranium deposit - and is headquartered in Kelowna, British Columbia. Fission's common shares are listed on the TSX Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S. under the symbol "FCUUF."
ON BEHALF OF THE BOARD
Dev Randhawa, Chairman and CEO