Mr. Patrick Highsmith reports

PURE ENERGY MINERALS ANNOUNCES FURTHER EXPANSION OF CLAYTON VALLEY LITHIUM PROJECT

Pure Energy Minerals Ltd. has entered into an asset purchase agreement with Advantage Lithium Corp. and Nevada Sunrise Gold Corp. to acquire the Clayton NE claim blocks located in Esmeralda county, Nevada. The acquired claims are contiguous with the northern portion of the company's Clayton Valley project (CV project) and to Albemarle Corp.'s Silver Peak operations, the only producing lithium brine mine in North America. Upon completion of the acquisition of the new claims, Pure Energy's CV project will cover approximately 26,050 acres (10,542 hectares). The acquisition is expected to close on or before Nov. 30, 2017.

Highlights of the transaction

• Pure Energy to acquire 1,450 acres (587 hectares) of unpatented claims;
• Advantage drilled six boreholes on the Clayton NE project during 2016 and 2017 over a strike length of 5.6 kilometres (3.5 miles), ranging in depth from 348 to 610 metres (1,142 to 2,000 feet);
• Drilling encountered several brine aquifer systems having average lithium grades of over 204 milligrams per litre lithium, including samples as high as 322 mg/L lithium;
• The vendors to convey 100-per-cent interest in the acquired claims, subject to a 3-per-cent gross overriding royalty in favour of a prior owner;
• Pure Energy to issue a total of seven million common shares, 4.9 million to Advantage and 2.1 million to Nevada Sunrise;
• Vendors agree to restrict trading of the consideration shares for 18 months from closing, followed by quarterly releases of 25 per cent at a time;
• Vendors further agree to vote in favour of all matters proposed by Pure Energy management before the shareholders for a period of 24 months from closing.

Patrick Highsmith, president and chief executive officer of the company, commented on the acquisition: "We are excited to add this high-grade brine project onto Pure Energy's exceptional land position surrounding North America's only producing lithium mine. This land package is a natural fit with our current holdings. Based on Advantage's excellent exploration results to date, the property holds great promise to add to our existing brine resource in the near term. We also welcome Advantage and Nevada Sunrise as shareholders of our company. We believe this acquisition is a clear example of the growth potential that remains in Clayton Valley for Pure Energy. Soon the exploration drill will return to the project and we shall continue on our way toward validating the fastest, greenest, most efficient lithium process in the world."

Advantage Lithium's drilling on the Clayton NE claim block encountered several aquifer systems that were consistent with those described in technical publications on Clayton Valley, including interbedded ash, silt, and sand horizons and a deep gravel aquifer (see Advantage news releases dated Nov. 1, Dec. 5, Dec. 21, 2016, Mar. 1, 2017, and April 3, 2017). While there was some variability of lithium content among the different aquifer systems, the data support a general increase of lithium grades with depth.

Pure Energy's vice-president, Walter Weinig, remarked on the lithium content of the newly acquired properties: "The Advantage drilling encountered generally increasing lithium content with depth in the lower aquifer systems. In fact, the presence of over 260 mg/L lithium in the interpreted lower gravel aquifer is very consistent with the deep gravel aquifer system we see in our existing resource. What we are most excited about is that these results affirm the tendency for higher grades on the eastern side of the project as we prepare to test the new geophysical anomalies on the North Valley targets. "

Summary of the agreement

Pursuant to the agreement, Pure Energy will issue to the vendors an aggregate of seven million common shares, with 4.9 million consideration shares issuable to Advantage and 2.1 million consideration shares issuable to Nevada Sunrise. In addition, in respect of certain of the acquired claims, Pure Energy has agreed to assume a 3.0-per-cent gross overriding royalty granted in favour of a prior owner.

In addition to the statutory four-month hold period required, the agreement further requires that the vendors will not, directly or indirectly, sell or transfer any of the consideration shares except in accordance with a release schedule whereby 25 per cent of the consideration shares may be sold after 18 months from closing, and a further 25 per cent each three months thereafter. The vendors have also agreed to vote the consideration shares at the company's shareholder meetings in favour of the certain matters recommended by management for a period of 24 months.

Completion of the acquisition of the acquired claims is subject to a number of conditions, including: completion of closing by Nov. 30, 2017; and receipt of the approval of the TSX Venture Exchange on behalf of the company and each of the vendors. The company and each of the vendors are at arm's length. No finder's fees are payable in connection with the transaction.

Quality assurance

Patrick Highsmith, certified professional geologist (AIPG CPG No. 11702), is a qualified person as defined by National Instrument 43-101, and has supervised the preparation of the scientific and technical information in this news release. Mr. Highsmith is not independent of the company as he is an officer and director.

About Pure Energy Minerals Ltd.

Pure Energy Minerals is a lithium resource developer that is driven to become a low-cost supplier for the growing lithium battery industry. The company is developing the CV project in Clayton Valley, Nevada. The company is also exploring a major new lithium brine project in the Lithium Triangle of South America, the Terra Cotta project (TCP). The TCP is located on Pocitos salar in Salta, Argentina, where it enjoys some of the best infrastructure and access of any lithium brine exploration project in Argentina.

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