CONICO LTD — Capital/Financing Update 2007

Jun 13, 2007

		Fission Energy Ltd: Amended Exploration Budget For Granted Tenements Only Actual funds raised under the Prospectus -		6 million
South Australian
Projects	Tenement Nos	Activity	Year1	Year 2	당 로
(Granted Tenements)			s.oop	s,cop	BOOS
Dujiqukw	EL 3306	Land Access		$\ddot{\phantom{0}}$
		Data Complitation	ចាំ ចាំ	8
		Geophysics	់គ	Β
		priling	Ιğ	È
		Assay	မ္မ	g
		Freld Support	8	$\vec{a}$
		Sub Total	ğ	g	$\frac{1}{2}$
Carberd C	EL 3342	and Access	់ឆ	٥
	EL 3343	Data Compilation	ਨੇ	8
	EL 342)	Geophysics	ត្រី	8
	EL 3532	Drilling	ğ	ğ
	EL 3712	Assay	â	1g
		Field Support	$\vec{e}$	ă
		Sub Total	$\frac{1}{10}$	606	0.51
Parkinson Dam	EL 3102	Land Access	$\circ$
	$L$ DEE TEI	Data Complilation	∣⇔	$ c_1 $ or
	EL 3453	Geophysics	$\overline{\phantom{a}}$	8
	EL 3739 (Note 1 Below)	Drilling Assay	â	8 8
		Field Support	이먹	Ñ
		Sub Total	ă	ត្តិ	ទួ
Lake Torrens*	refer schedule	Land Access	$\circ$	C.
(refer Note 2 below)	Leicw	Data Complilation	$\vec{a}$	$\vec{0}$
		Geophysics	وإوإه	$\vec{p}$
		Drilling		ၶ
		Assay		ត
		Field Support	$\Box$	ᇬ
		Sub Total	â	岊	9
2 Year Total					2.620
Project Evaluation and Acquisition					꾊용
Issue Costs
Administration					$\frac{1}{2}$
Overall Total					$18 + 3$

granted.		Australian projects would be diverted to exploration of the Western Australian tenements if and when they are
Note 2 - Lake Torrens Tenements
EL Mo	Locality
Ë	Fergusson Hill
$\frac{6}{2}$	Andamooka
ă	Todds Dan
ý.	South Hill
60Z	Andarnooka North
SD.C	Mide Caff
882	Hedey Hill
Ś.	Bopeechee
ale G	Stuart Creak
š	Cadula Hill
1254	EXPLANER
n.K	Parakylia
13R	Hardle H
3 ち	Porter Hill
it dri	Ganbier HD

$\sim$ $\sim$ ÷.

$NO. 275$ $P. 7/11$

$\hat{\mathcal{A}}$

$\bar{a}$ $\frac{1}{2}$

$\bar{\alpha}$

$\bar{\alpha}$

$\frac{1}{4}$