Ms. Mary Little reports

PURE ENERGY MINERALS APPOINTS JOSEPH MULLIN AS PRESIDENT AND CEO AND GRANTS OPTIONS

Pure Energy Minerals Ltd. has appointed Joseph E. Mullin as president and chief executive officer, effective immediately. Mr. Mullin initially joined the board of directors of Pure Energy Minerals Ltd. in November of 2020.

Mr. Mullin has over 25 years of experience in corporate finance, private equity, restructuring and early-stage mineral exploration. Mr. Mullin is the president and CEO of Rise Gold Corp., the managing member of Mount Arvon Partners LLC, and is currently an independent director of FireFox Gold Corp. He was previously the president of Virginia Energy Resources Inc. and led its sale to Consolidated Uranium Inc. Prior to that he served as CEO of QuestEx Gold & Copper Ltd. for 2.5 years leading up to its sale to Skeena Resources Ltd. He began his career as a financial analyst at Goldman Sachs, and subsequently worked at Invesco Ltd. and Millennium Global Investments Ltd. Mr. Mullin has been involved in metals and mining in the United States, Canada, Brazil and Europe and received his BA diploma from Harvard University.

"We are very pleased that Joe Mullin will be stepping into the president and CEO role at Pure Energy during this important time as the company and its partner, SLB Corp., move the Clayton Valley lithium brine project and DLE pilot plant forward. Joe brings to the company a strong background in financial markets, the ability to position the company for future opportunities and prior experience managing mineral exploration companies," stated Pure Energy director Mary Little.

The company's board of directors has granted 1,214,820 incentive share purchase options to officers, directors and consultants, in concordance with the company's TSX Venture Exchange-approved incentive share purchase plan. Each option entitles the holder to acquire one common share of the company at an exercise price of 83 cents per common share until Oct. 4, 2028. Following the grant of options, the company now has a total of 2,371,486 options issued representing 7 per cent of the company's outstanding shares. As part of his compensation, the company will offer Mr. Mullin stock options and incentive performance bonuses.

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. Pure Energy has consolidated a pre-eminent land position at its Clayton Valley project in the Clayton Valley of central Nevada for the exploration and development of lithium resources, comprising 950 claims over 23,360 acres (9,450 hectares), representing the largest mineral landholdings in the valley.

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