Mr. Chris Frostad reports

PUREPOINT URANIUM GROUP INC. ANNOUNCES PLANS FOR HOOK LAKE JV PROJECT

Purepoint Uranium Group Inc. has completed its summer analysis and submission of plans for the next stage of exploration at its Hook Lake project in Saskatchewan's Athabasca basin, where last winter's program encountered high-grade mineralization at the Spitfire zone -- 12.9 per cent triuranium octoxide over 0.4 metre within 2.23 per cent triuranium octoxide over 2.8 metres.

"Looking back over 20 years of uranium exploration in the basin, you can count on one hand the number of junior resource companies who have intersected high-grade mineralization in excess of 10 per cent U3O8," said Chris Frostad, Purepoint's chief executive officer. "In each case, those discoveries were advanced into significant deposits. We expect nothing less here, particularly in light of the neighbouring Fission and NexGen high-grade uranium deposits on strike to the south."

"Last winter's program covered a significant area with large step-outs," said Scott Frostad, vice-president, exploration, at Purepoint. "This winter we will focus on the 300 metres of untested ground at Spitfire between our new high-grade intersection and last year's discovery holes, where the Spitfire mineralization is projected to meet the unconformity, and along the host structure towards the northeast."

Highlights:

• An exploration program has been reviewed at length with the Hook Lake JV partners (AREVA Resources Canada Inc. and Cameco Corp.) that includes two drills and approximately 6,000 metres of drilling this coming winter. Final approvals will follow the conclusion of the budget processes of each partner, currently in progress.
• In addition to closing the 300-metre gap between the two uranium discoveries at Spitfire, drilling will continue along the structural trend toward the northeast following boron enrichment seen in both sandstone and basement rocks. Boron is consistently associated with the Spitfire mineralized intercepts, has an open trend toward the northeast, and is coincident with anomalous uranium and vanadium trends.
• The Hook Lake JV project, due to the relatively shallow depth to the unconformity along the prospective Patterson Lake trend, has become one of the highest-quality uranium exploration projects in the Athabasca basin. With the proposed program at Hook Lake, there is tremendous potential in 2016 to expand the Spitfire mineralization and discover new deposits.

Hook Lake JV project

The Hook Lake JV project is owned jointly by AREVA Resources Canada Inc. (39.5 per cent), Cameco Corp. (39.5 per cent) and Purepoint Uranium Group Inc. (21 per cent) and consists of nine claims totalling 28,683 hectares situated in the southwestern Athabasca basin, Saskatchewan. The depth to the Athabasca unconformity is very shallow, ranging from zero to 350 metres. Three prospective corridors have been identified on the property, each corridor being composed of multiple electromagnetic conductors that have been confirmed by drilling to result from graphitic metasediments that intersect the Athabasca unconformity.

Current exploration is targeting the Patterson Lake corridor, an emerging, world-class uranium district that is attracting significant exploration investment. The prospective Patterson corridor now hosts two deposits along a 14-kilometre structural trend that includes the recent high-grade discovery at Hook Lake's Spitfire zone. Those two uranium deposits are Fission Uranium's Triple-R deposit, with a current resource of 100.8 million pounds of U3O8, and NexGen Energy's Arrow deposit, with an initial National Instrument 43-101 resource estimate due in the first half of 2016.

Scott Frostad, BSc, MASc, PGeo, Purepoint's vice-president, exploration, is the qualified person responsible for the technical content of this release. Mr. Frostad has supervised the preparation of and approved the scientific and technical disclosures in this news release.