Mr. Robert Mintak reports

PURE ENERGY MINERALS LIMITED CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Pure Energy Minerals Ltd. has closed the first tranche of a non-brokered private placement announced March 21, 2014, and amended May 21, 2014, for up to 15 million units of the company at a price of 10 cents per unit for gross proceeds of up to $1.5-million. Each unit consists of one common share of the company and one transferable share purchase warrant. Each warrant is exercisable to acquire one additional common share of the company for a period of three years at a price of 15 cents per common share. The warrants will have an acceleration provision pursuant to which the term of the warrants shall automatically be reduced to 30 business days in the event the closing weighted average price of the company's common shares is 35 cents or more for 21 consecutive trading days.

The first tranche consisted of 3.16 million units purchased at 10 cents per common share for gross proceeds of $316,000. In connection with closing the first tranche, the company paid a cash finder's fee of $18,200 to Canaccord Genuity Corp. and $1,750 to Jordan Capital Markets Inc. The securities issued under the first tranche are also subject to a four-month-and-a-day hold period expiring Oct. 1, 2014.

The proceeds of the first tranche will be used to the company's prospective lithium brine properties located in Esmeralda county, Nevada, United States, and for general working capital.