Mr. Chris Frostad reports

PUREPOINT URANIUM ANNOUNCES GRANT OF RESTRICTED SHARE UNITS

Purepoint Uranium Group Inc. has approved the issuance of two million restricted share units to its directors pursuant to the company's omnibus equity incentive compensation plan. The RSUs will vest on the date that is one year from the date of grant and will expire on Dec. 28, 2029. Each RSU represents the right to receive, upon vesting, one common share of the company.

About Purepoint Uranium Group Inc.

Purepoint is a focused explorer with a dynamic portfolio of advanced projects within the renowned Athabasca basin in Canada. Highly prospective uranium projects are actively operated on behalf of partnerships with industry leaders including Cameco Corp., Orano Canada Inc. and IsoEnergy Ltd.

Additionally, the company holds a promising volcanic-hosted massive sulphide deposit project currently optioned to and strategically positioned adjacent to and on trend with Foran Corp.'s McIlvenna Bay project. Through a robust and pro-active exploration strategy, the company is solidifying its position as a leading explorer in one of the globe's most significant uranium districts.