Mr. Daniel Barnosky reports

PURE ENERGY ANNOUNCES CHANGES TO MANAGEMENT

Pure Energy Minerals Ltd. has appointed William Morton as president and chief executive officer, effective immediately.

Mr. Morton brings 30-plus years of executive leadership in private equity, principally at WL Ross & Co., where, amongst other responsibilities, he oversaw a clean energy infrastructure fund. He is a graduate of Yale College and Columbia law school.

"We are pleased to welcome William Morton as our new president and CEO as Pure Energy," said Daniel Barnosky, director. "His extensive financial leadership and investment expertise will be valuable as we continue to develop our resources and create shareholder value."

Joseph Mullin resigned from the board of directors, as well as from his position as president and chief executive officer, effective Nov. 20, 2025, to pursue a new opportunity.

Mr. Barnosky stated: "We wish Joe the best in his future endeavours. We have valued his leadership on strategy, finance and governance. It has been a pleasure to work with Joe, particularly during a challenging lithium industry market. On behalf of the entire board, I thank him for his years of service and support."

The company's board of directors has granted 364,228 incentive share purchase options to Mr. Morton 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 30 cents per common share until Nov. 20, 2030. Following the grant of options, the company has a total of 2,794,500 options granted, representing 8 per cent of the company's outstanding shares. As part of his compensation, Mr. Morton is eligible to receive equity compensation and incentive performance bonuses.

About Pure Energy Minerals Ltd.

Pure Energy Minerals is a lithium resource company that has consolidated land position at its Clayton Valley project in the Clayton Valley of central Nevada for the exploration and development of lithium resources. The company entered into an earn-in agreement with Schlumberger Technology Corp., a subsidiary of SLB (formerly Schlumberger Ltd.), dated May 1, 2019, whereby the company has granted SLB an option, in favour of SLB, to acquire all of the company's interests in the Clayton Valley project.

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