Mr. Darin Labrenz reports

PURE GOLD ANNOUNCES C$4.5 MILLION BOUGHT DEAL PRIVATE PLACEMENT

Pure Gold Mining Inc. has entered into an agreement with Sprott Capital Partners LP to act as lead underwriter, on its own behalf, and, if applicable, on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase for their own account or arrange for substituted purchasers to purchase on a bought-deal private placement basis 6,716,500 common shares of the company issued on a flow-through basis at a price of 67 cents per FT share, for gross proceeds of up to $4,500,055.

The company shall grant the underwriters an option, exercisable, in whole or in part, at any time up to three days prior to the closing of the offering, to purchase up to such number of FT shares as is equal to 15 per cent of the number of FT shares initially purchased as part of the offering.

The gross proceeds from the issuance of the FT shares will be used for Canadian exploration expenses and will qualify as flow-through mining expenditures, as those terms are defined in the Income Tax Act (Canada), which will be renounced to the initial purchasers of the FT shares with an effective date no later than Dec. 31, 2019, in an aggregate amount not less than the gross proceeds raised from the issue of the FT shares, and, if the qualifying expenditures are reduced by the Canada Revenue Agency, the company will indemnify each initial purchaser of FT shares for any additional taxes payable by such subscriber as a result of the company's failure to renounce the qualifying expenditures as agreed.

It is anticipated that closing of the offering will occur on or about March 29, 2019, or such other date or dates as the company and the lead underwriter may agree. The offering is subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals, including the approval of the TSX Venture Exchange. The securities to be issued under the offering have a hold period of four months and one day from the applicable closing date in accordance with applicable securities laws.

In consideration for their services, the underwriters will receive a cash commission equal to 6.0 per cent of the gross proceeds of the offering.

We seek Safe Harbor.