Mr. Chris Frostad reports

PUREPOINT URANIUM ISSUES STOCK OPTIONS

Purepoint Uranium Group Inc. today approved the issuance of a total of 10.5 million options to its board of directors, management and certain staff members pursuant to the company's omnibus equity incentive compensation plan. The options are exercisable at a price of 5.5 cents per common share and expire on a date that is five years from the date of grant.

About Purepoint Uranium Group Inc.

Purepoint (TSX Venture Exchange: PTU) (OTCQB: PTUUF) actively operates a uranium exploration pipeline of nine advanced projects in Canada's Athabasca basin. In addition to its flagship joint venture project at Hook Lake with partners Cameco and Orano and a second joint venture with Cameco at Smart Lake, Purepoint also holds seven 100-per-cent-owned projects with proven uranium-rich targets. With an aggressive exploration program under way on multiple projects, Purepoint is emerging as the pre-eminent uranium explorer in the world's richest uranium district.