Mr. Joseph Mullin reports

PURE ENERGY MINERALS PROVIDES UPDATE FOR CLAYTON VALLEY LITHIUM BRINE PROJECT

Pure Energy Minerals Ltd. has discussed progress at the Clayton Valley lithium brine project (CV project) located in Esmeralda county, Nevada. Pure Energy entered into a partnership with SLB (NYSE: SLB) to sustainably develop at scale lithium claims held by Pure Energy in the Clayton Valley. SLB has deployed a demonstration plant on site to test an integrated approach that combines subsurface expertise and surface engineering of advanced technologies, including direct lithium extraction (DLE).

The important advances made on the project include:

1. Application for, and receipt of, final permits from government agencies for the construction and operation of the demonstration plant;
2. Completion of plant construction;
3. Commencement of technical trials, which are continuing.

The sustainable lithium production demonstration plant is located five kilometres southeast of the town of Silver Peak, Nev., on Bureau of Land Management (BLM) lands. Pure Energy holds 950 BLM mineral claims in the Clayton Valley area.

The project received all necessary permits from the State of Nevada and the Nevada Division of Water Resources for the demonstration plant construction and water discharge in 2022 and 2023, respectively. Construction was largely completed by Q3 of 2023 (news release of March 28, 2023).

"SLB's demonstration plant represents a significant step toward sustainable lithium brine production at scale. The ongoing technical trials at the facility give us increased confidence that SLB's integrated approach is the future for lithium brine extraction in Clayton Valley and elsewhere," stated Joseph Mullin, Pure Energy's chief executive officer.

The information in this news release has been reviewed and approved by Mary L. Little, MMSA No. 01503, who is a qualified Person as defined by National Instrument 43-101. Ms. Little is a director of the company and, therefore, is not considered to be independent.

About Pure Energy Minerals Ltd.

Pure Energy Minerals is a lithium resource developer that is driven to become a low-cost supplier for the growing lithium battery industry. Pure Energy has consolidated a pre-eminent land position at its Clayton Valley Project in the Clayton Valley of central Nevada for the exploration and development of lithium resources, comprising 950 claims over 23,360 acres (9,450 hectares), representing the largest landholdings in the valley.

Pure Energy's strategic partner, Schlumberger Technologies Corp. (SLB), is the operator of the Clayton Valley project. In May, 2019, Pure Energy and SLB signed an earn-in agreement over the CV project, which requires significant investment by SLB at the project, to include the design and construction of a pilot plant capable of processing lithium-bearing brines for high-quality lithium hydroxide monohydrate (LiOH-H2O) and/or lithium carbonate products at a specified rate. SLB plans to utilize both in-house and commercially available technology in the design of the CV pilot plant. SLB's costs, technical parameters and ultimate technology are anticipated to differ from the published PEA (preliminary economic assessment). For further details regarding SLB's participation, please refer to Pure Energy's annual general and special meeting management information circular dated April 4, 2019, available on SEDAR+.

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