CONICO LTD — Capital/Financing Update 2011

Apr 19, 2011

ACN 119 057 457

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

20 April 2011

LAPSE OF OPTIONS

Fission Energy Ltd (“the Company”) announces that the following unlisted employee options in the Company have now lapsed.

1,000,000 Options Expiring 31 March 2011, exercisable at $0.20

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Aaron P Gates Company Secretary

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Level 40, Exchange Plaza 2 The Esplanade, Perth, Western Australia 6000 Telephone: (08) 9282 5889 Facsimile: (08) 9282 5866 Website: www.fissionenergy.com.au