Mr. Darin Labrenz reports

PURE GOLD MINING RAISES $5.0 MILLION FROM THE EXERCISE OF SHARE PURCHASE WARRANTS

Anglogold Ashanti has exercised 5,036,250 share purchase warrants of Pure Gold Mining Inc. with a strike price of 85 cents, investing an additional $5.0-million into the company.

"Anglogold Ashanti have once again demonstrated their strong support of Pure Gold as we complete construction and prepare for first gold pour at our Pure Gold mine," said Darin Labrenz, president and chief executive officer. "This latest investment increases their shareholding in Pure Gold to 16 per cent, maintaining their position as our single largest shareholder. As one of the cornerstone investors in Pure Gold, Anglogold Ashanti have supported us through all phases of the development of our Pure Gold mine, from discovery to near-term production. We would like to thank Anglogold Ashanti for being a key part of the Pure Gold story and for sharing our vision for discovery, resource growth and building a long-life growth company in the Red Lake mining district."

The company currently has approximately $74-million in cash, along with $35-million (U.S.) available in an undrawn credit facility. To date, 95 per cent of major equipment procurement is complete and the company has committed approximately 64 per cent of capital expenditures. With approximately $120-million available in financing, and $72-million remaining on capital expenditure, the company is in a solid financial position to complete the Pure Gold mine construction while concurrently advancing the company's growth strategy through an aggressive exploration program.

About Pure Gold Mining Inc.

The Pure Gold mine, located in the heart of Red Lake, Ont., is Canada's next gold mine. Fully financed, the project is on track to deliver near-term gold production into a rising Canadian gold price environment, with first gold pour scheduled for late 2020. The orebody is situated within a seven-kilometre-long gold system that is wide open for expansion at depth and along strike, and multiple discoveries by the company suggest potential opportunities for near-term growth.

We seek Safe Harbor.