Ann: Exploration Update, page-168

Hi rob,

just in case you haven't seen this announcement from September 2010:

https://app.sharelinktechnologies.com/announcement/asx/d3f2c55e4b6dfe111f5026fa92ea7324

Fission Energy Limited (ASX: FIS) and 50% Joint Venture partner Barra Resources
Limited (ASX: BAR) are again pleased to announce that assays from hole MTRC022
which intersected significant nickel sulphides (refer ASX Announcement 31 August
2010) has returned 2m @ 3.5% Nickel from 118 to 120m down hole, including 1m @
4.7% Nickel.

This intersection is very encouraging as the mineralisation is interpreted to have been
affected by a pegmatite intrusion which has disrupted the footwall contact and has
probably removed some of the nickel sulphides, as often occurs at Kambalda.

Hole MTRC022 is now the third hole drilled at Mt Thirsty which has returned high
nickel grades. The other significant down hole intercepts include holes MTRC015 and
MTRC020 with 6m @ 3.4% and 2m @ 5.9% Ni respectively (refer Figures 3 and 4).


Based on the above information, I expect CNJ and GSR to encounter not only high grade nickel, but quite possibly also the above mentioned "pegmatite intrusion" as they drill to the west of their MTJV tenement (as part of their upcoming Phase 2 diamond drilling program).

Your thoughts?

Best regards!

Mark