CONICO LTD — Capital/Financing Update 2012

Apr 18, 2012

ACN 119 057 457

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

19 April 2012

LAPSE OF OPTIONS

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

511,508 Options Expiring 16 April 2012, 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