Mr. Robert Mintak reports

PURE ENERGY MINERALS ANNOUNCES INCREASE IN PRIVATE PLACEMENT AND RENEWAL OF ADVISORY SERVICES AGREEMENT WITH LUSCAR INTERNATIONAL LTD.

Due to significant demand, Pure Energy Minerals Ltd. has agreed to increase the amount of its non-brokered private placement announced on Nov. 20, 2014, from a maximum of $1.5-million to $1.6-million. The private placement will now be for eight million units at a price of 20 cents per unit. Each unit comprises one common share and one transferable share purchase warrant, with each warrant being exercisable for 18 months from closing at a price of 30 cents per common share. The private placement is subject to the approval of the TSX Venture Exchange. All securities issued under the private placement will be subject to four-month-and-one-day hold period from the date of issuance.

The company also wishes to announce that it has entered into a new advisory services agreement with Luscar International Ltd., effective Nov. 1, 2014, pursuant to which Luscar will provide certain advisory services to the company, including introducing the company to second-source financing and potential strategic off-take opportunities, with the primary target of second-source financing and strategic off-take opportunities being Korea, in consideration of a monthly retainer of $2,500.

The advisory services agreement amends and supercedes the terms of the previous advisory services agreement entered into between the company and Luscar, announced in the company's new release of Feb. 12, 2013.

In accordance with the terms of the advisory services agreement and subject to exchange acceptance, the company will also: (a) pay Luscar $15,000 five business days after the exchange's acceptance of an executed co-operation agreement between Posco Ltd. and the company; (b) make common share issuances to Luscar, on the quarterly anniversary of the advisory services agreement (beginning on Feb. 1, 2015), of an amount of common shares calculated on each record date by dividing 9,000 by the closing price of the company's common shares on the trading day immediately preceding the relevant record date; and (c) pay Luscar a cash fee of 4.5 per cent of the transaction value of any transaction that is consummated by the company on or before April 1, 2017, if the potential investor was identified by Luscar any time between the effective date and April 1, 2015.

We seek Safe Harbor.