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ORONTO, ONTARIO -- (Marketwire) -- 05/15/12 -- Purepoint Uranium Group Inc. (TSX VENTURE:PTU) today provided an exploration update on its Red Willow Project in Saskatchewan's Athabasca Basin. The project is managed by Rio Tinto under an option agreement allowing Rio to earn a controlling interest in the Red Willow Project by spending $22.5 million in exploration and development expenses.

This update discusses the results of a geochemistry review, a ground gravity survey, a four hole (1,464 metre) drill program as well as the upcoming summer program of an extensive geochemical sampling survey and property-wide geological mapping.

Geochemistry Review

In 2011 Rio Tinto identified a select number of geochemical target areas in its review of Purepoint's drill core geochemistry database.

The first geochemical target is in the western Radon area where drill hole RAD08-09 returned 166 ppm U over 2.1 metres from within the sandstone. The background concentration of uranium in the Athabasca sandstone is typically less than 5 ppm U. The second target area is located southeast of the Osprey Hinge. The geochemistry of drill core basement samples show alteration to increase from Osprey's RW-07 (0.2% eU3O8 over 5.8m) towards the southeast (Osprey Hinge) with drill hole RW-28 returning the strongest alteration signature. The third target is located within the eastern area of the Red Willow project where historic hole CBA-20 intersected 0.17% U3O8 over 0.8 metres within a pegmatite dyke before being lost at a depth of 20m.

Gravity Survey

The gravity survey covered the Geneva grid and succeeded in substantiating the high priority target located at the western terminus of two parallel conductors. The target area coincides with a gravity low as well as low apparent resistivity chimneys in the sandstone that may represent zones of hydrothermal alteration. An additional gravity low depression was outlined along the primary Geneva conductor where three drill holes by Eldorado in 1984 (RAD-17, 19 and 27) encountered strong basement alteration and one of which (RAD-27) intersected anomalous uranium (0.22% U3O8 over 1.0 metre) within a graphitic fault zone. A strong gravity low was identified within the large-scale arcuate magnetic high where it is crosscut by a weak northeast trending conductor. The gravity survey also covered a portion of the Radon area and outlined subtle gravity lows within the area of Radon Lake near the historic radon-in-water anomaly. A large esker overlies the main Radon conductor and may be masking a gravity low at its south end. Due to thick ground cover, the gravity survey could not be carried far enough south to cover the RAD08-09 geochemical target.

Drilling Program

Rio's 2012 drill program at Red Willow totaled 1,464 metres, with three of the four drill holes being drilled at the Osprey area and a single hole at Geneva. The first hole of the program, 12RDW-1, was drilled 300 metres west of the Osprey Conductor and targeted a weak EM conductor located within a gravity low, magnetic low and resistivity high. No elevated radiation or significant structures were intersected within the unaltered, quartz-rich metapelite. Hole 12RDW-2 targeted the southeast portion of the Osprey Conductor and intersected a radioactive structure (up to 57 ppm U) within a chloritized graphitic-pyritic unit. The third hole at Osprey, 12RDW-4, tested a resistivity low in the southwest portion of the Osprey grid. The hole was drilled 100 metres north of the Osprey conductor and encountered strong hematite and clay alteration at the unconformity. The metapelite basement rock of 12RDW-4 hosted numerous zones of chlorite and hematite alteration.

The one exploratory hole drilled at Geneva, 12RDW-3, tested the strong gravity low that was coincident with a weak northeast trending conductor. The drill hole did not intersect any significant structures or mineralization.

Two primary targets at Osprey, which include the Osprey Hinge and the Osprey Lake resistivity low located just west of the 0.2% eU3O8 over 5.8 m intercept, have not yet been followed-up. The previously defined high-priority targets at Geneva, the western terminus of two parallel EM conductors and the graphitic structure with anomalous uranium (0.22% U3O8 over 1.0 metre), have been substantiated by the recent gravity results and remain to be followed-up with drilling.

2012 Summer Exploration Program

The 2012 summer exploration program consists of a surficial geochemical sampling survey, property-wide geological mapping and re-sampling of historic core. The geochemical survey involves the collection of soil, vegetation and tree core samples at approximately 2,000 locations over the Osprey, Geneva, Big Bay, Dancing Lake and Cross areas as well as a reconnaissance grid. The new target named "Cross", located in the north-central area of the property, is interpreted to host crosscutting structures and returned anomalous concentrations of uranium, nickel and copper from soils collected by Gulf Minerals Canada during 1971 and 1972.

Red Willow

The Red Willow property covers 25,612 hectares on the eastern edge of the Athabasca Basin. The Athabasca sandstone is shallow and the depth to unconformity varies from zero to 80 metres. The basement rocks are composed of intensely deformed and metamorphosed sedimentary, volcanic and plutonic rocks trending NE to SW. Five major uranium deposits are located along a NE to SW mine trend that extends through the Red Willow Project.

The Red Willow property adjoins AREVA Resource Canada Inc.'s claim group that contains the JEB, Sue, McClean and Caribou deposits to the west and, to the south adjoins UEX's Hidden Bay property that surrounds Cameco Corporation's Rabbit Lake, Collins Bay and Eagle Point deposits.

About Purepoint

Purepoint Uranium Group Inc. is focused on the precision exploration of its twelve projects in the Canadian Athabasca Basin. Purepoint proudly maintains project ventures in the Basin with the three largest uranium producers in the world, Cameco Corporation, AREVA and Rio Tinto. Established in the Athabasca Basin well before the initial resurgence in uranium earlier last decade, Purepoint is actively advancing a large portfolio of multiple drill targets in the world's richest uranium region.

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Some recent news, including today:

TORONTO, ONTARIO -- (Marketwire) -- 11/08/12 -- Purepoint Uranium Group Inc. (TSX VENTURE:PTU) is pleased to announce that it has entered into a definitive joint venture agreement with Cameco Corporation and AREVA Resources Canada Inc. for the ongoing exploration of the Hook Lake uranium project in the Athabasca Basin pursuant to its option agreement with Cameco announced February 7, 2007. Purepoint holds a 21% interest in the project.

"We look forward to working closely with Cameco and AREVA on the ongoing advancement of the Hook Lake project," said Chris Frostad, Purepoint's President and CEO. "Hook Lake has continuously demonstrated great potential for discovery and now more so with the Fission and Alpha joint venture's new discovery on the Patterson conductor trend."

Highlights:


-- By spending $3,350,000 on exploration since 2007, Purepoint has acquired
a 21% interest in the Hook Lake project;

-- The remaining 79% of the project is owned by Cameco Corporation (39.5%)
and AREVA Resources Canada Inc. (39.5%);

-- A winter drill program in the range of $850,000 - $1,000,000 is
currently being planned by Purepoint (as Operator) for review and
approval at the Technical Committee meeting scheduled for mid-November
2012.

Hook Lake Project

The Hook Lake Project consists of nine claims totaling 28,683 hectares and is situated in the southwestern Athabasca Basin approximately 80 kilometers southeast of the former Cluff Lake mine. The depth to the Athabasca unconformity is very shallow, ranging from zero to 350 metres.

Three prospective "corridors" have been defined on the property, each corridor being comprised of multiple conductors that have been confirmed to be the results of graphitic metasediments that intersect the Athabasca unconformity.

The Patterson Lake corridor is the same conductive trend along which the Fission/Alpha joint venture has intersected anomalous radioactivity, most notably the 6 metres of massive pitchblende in drill hole PLS12-022 (Fission Energy press release of November 5, 2012). Within the Hook Lake project, the Patterson Corridor displays geophysical evidence of a complex structural history and, where drill tested, the conductors have shown favourable signs of alteration and structural disruption.

Historic exploration efforts focused on the Derkson Corridor, where SMDC encountered uranium mineralization near the unconformity averaging 0.24% U3O8 and 1.35% Ni over 2.5 metres of diamond drilling. Drill holes along this trend encountered very encouraging "Millennium-style" basement alteration. It is believed that the historic shallow drilling along the Derkson Corridor did not properly test for deeper Millennium or Eagle Point-type basement-hosted uranium deposits.

About Purepoint


TORONTO, ONTARIO -- (Marketwire) -- 11/06/12 -- Purepoint Uranium Group Inc. (TSX:PTU) has today filed a National Instruments 43-101 compliant technical report on its Smart Lake uranium project in northern Saskatchewan. Purepoint operates the Smart Lake project in the Athabasca Basin under the terms of an agreement with Cameco that permits Purepoint to acquire up to a 50% interest in the project.

Purepoint is currently on schedule to release similar reports on all of its material projects during the coming months.

"Over the years, the process for advancing and refining our portfolio has included re-analysis of results from our numerous geochemical and geophysical surveys, diamond drill programs and historic data" said Chris Frostad, President & CEO, Purepoint Uranium Group Inc. "Our ongoing reconciliation and re-interpretation of this data has produced some of the most prospective opportunities in the Athabasca Basin and we felt it necessary to now compile this understanding in a current and complete fashion."

Highlights:


-- The Smart Lake 43-101 compliant technical report provides detail on the
diamond drilling performed by Purepoint and results from the ground
electromagnetic surveys;
-- A review of historic exploration work completed prior to Purepoint's
involvement; and
-- An interpretation of all compiled data with recommendations for
advancing the project.

The report can be found on www.Sedar.com or on Purepoint's website (www.purepoint.ca).

Smart Lake Project

The Smart Lake property includes two claims with a total area of 9,800 hectares situated in the southwestern portion of the Athabasca Basin, approximately 60 km south of the former Cluff Lake mine. Depth to the unconformity, where it occurs, is relatively shallow at less than 350 metres.

Drilling at Smart Lake has discovered uranium mineralization associated with the Shearwater conductor, a hydrothermally altered graphitic-pyritic pelitic gneiss that returned 127 ppm U over 13.3 metres in SMT08-01. A geochemical halo that includes the enrichment of nickel, arsenic and cobalt is associated with the uranium mineralization. The strongest radioactivity was returned from a tension fracture in SMT08-06 assaying 1,600 ppm U over 0.1 metre.

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Purepoint Announces Commencement of Drilling at Hook Lake

TORONTO, ONTARIO--(Marketwired - Jan. 30, 2014) - Purepoint Uranium Group Inc. (TSX VENTURE:PTU) today announced the commencement of its winter drill program at the Hook Lake Project in Saskatchewan's Athabasca Basin. The project is a joint venture with AREVA Resources Canada Inc. and Cameco Corporation and is located immediately north of Patterson Lake where high-grade uranium mineralization has been discovered by Fission Uranium Corp.

The 2014 diamond drill program commencing last week will focus on the highly prospective "Patterson Lake Corridor", the same (electromagnetic) conductive trend that hosts the Patterson Lake South (PLS) uranium discovery.

"Much of January has been spent opening up the camp, clearing trails, and mobilizing two drills to site," said Chris Frostad, Purepoint's President and CEO. "In addition, crews are building up ice on Patterson Lake itself in preparation for drill testing an electromagnetic conductor defined by last year's geophysical program."

Highlights:

The "Patterson Corridor" hosts over 35 kilometers of known airborne EM conductors on the Hook Lake property. Over 40 ground EM targets remain untested and ready for drilling;

The program consists of approximately 5,000 metres of diamond drilling for a total budget of $2,500,000;

On November 27, 2012 the company filed a National Instruments 43-101 compliant technical report on its Hook Lake uranium project. The report can be found on Sedar.com or on Purepoint's website (www.purepoint.ca).

Hook Lake Project

The Hook Lake Project consists of nine claims totaling 28,683 hectares and is situated in the southwestern Athabasca Basin only 5 kilometres northeast of the new high-grade uranium discovery by the Fission/Alpha joint venture. The depth to the Athabasca unconformity is very shallow, ranging from zero to 350 metres. Three prospective structural "corridors" have been defined on the property, each corridor being comprised of multiple EM conductors that have been confirmed to be the results of graphitic metasediments that intersect the Athabasca unconformity.

The Patterson Lake Corridor is the same conductive trend along which the Fission/Alpha joint venture has intersected high-grade uranium mineralization, most notably the intercept of 9.08% U3O8 over 54.5 metres in drill hole PLS13-075 (Fission Uranium Corp. press release of September 4, 2013) including 21.76% U3O8 over 21.5 metres. Within the Hook Lake project, the Patterson Lake Corridor displays geophysical evidence of a complex structural history and, where drill tested, has shown favourable signs of alteration and structural disruption. In 2011, three new claims totaling 2,632 hectares were added to the Hook Lake project due north of where high grade uranium boulders were discovered by Fission/Alpha on their PLS property.

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4 Million shares traded so far, 2nd highest in 3 years.

Purepoint Uranium Group Inc. Hits 12.90% U3O8 Over 0.4 Metres Within 2.23% U3O8 Over 2.8 Metres Near Patterson Lake, SK

TORONTO, ONTARIO--(Marketwired - March 31, 2015) - Purepoint Uranium Group Inc. (TSX VENTURE:PTU) today reported preliminary results from the 2015 Hook Lake JV drill program within the Patterson Lake conductive corridor in Saskatchewan's Athabasca Basin. Results were highlighted by hole HK15-27 that returned 2.8 metres of 2.23% U3O8 including 12.90% U3O8 over 0.4 metres. The Hook Lake project is a joint venture with AREVA Resources Canada Inc. and Cameco Corporation.

The new high-grade uranium intercept by hole HK15-27 is located 240 metres along strike (northeast) and 180 metres down dip of last year's Spitfire Discovery (press release dated March 10, 2014). Uranium mineralization is controlled by a semi-brittle structure that is coincident with the upper contact of a thick, strongly sheared Graphitic-pyritic Pelitic Gneiss unit. Drilling is following up the HK15-27 high-grade mineralized intercept.

"We were led to successively deeper drill targets while using large step-outs to chase an observed increase in alteration and radioactivity," said Scott Frostad, Purepoint's Vice President of Exploration. "Our successful cut of high-grade mineralization came by drilling 85 metres down dip of the structure that returned 0.10% U3O8 over 4.3 metres in hole HK15-25".

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Record volume, doubled for the day, up 5x in a couple of months!

TORONTO, ONTARIO--(Marketwired - Feb. 26, 2016) - Purepoint Uranium Group Inc. (the "Company" or "Purepoint") (TSX VENTURE:PTU) today reported that the strongest mineralized interval drilled to date within the Spitfire Zone has been intersected by hole HK16-43 returning downhole probe results of 1.7% eU3O8 over 31.2 metres including 13.3% eU3O8 over 2.2 metres. Purepoint is the operator of the Hook Lake project on behalf of its Joint Venture partners Cameco Corp. and AREVA Resources Canada Inc.

The new HK16-43 mineralized intercept is situated only 220 metres below surface and represents a 25 metre up-dip step-out from the HK16-37 mineralization.

"The structure hosting high-grade uranium at Spitfire is currently being chased to shallower depths," said Scott Frostad, V.P. Exploration at Purepoint. "We are zeroing in on where the mineralized structure meets the unconformity to test for unconformity-related uranium deposition."

Highlights:

Spitfire Zone drill hole HK16-43 has returned downhole probe results of 1.7% eU3O8 over 31.2 metres and includes 13.3% eU3O8 over 2.2 metres;
The recent HK16-43 high-grade intercept is only 220 metres from surface and is located 25 metres up-dip from the high-grade intercept by hole HK15-37;
The mineralized structure has yet to be tested where it meets the unconformity and may also be associated with unconformity-related uranium deposition.

It is emphasized that the downhole calibrated gamma probe results (eU308) are preliminary and subject to confirmation by geochemical assay. Further downhole probe results and follow-up geochemical assays will be released as they become available.

Geochemical assays for hole HK16-37 are now available and returned 0.69% U3O8 over 9.9 metres including 9.9% U3O8 over 0.6 metres. The downhole probe results for HK16-37 were provided in the Purepoint press release dated February 2nd, 2016 with an estimate of 0.67% eU3O8 over 10.1 metres that included 9.2% eU3O8 over 0.6 metres.

Spitfire Hole HK16-43

Drill hole HK16-43 was collared 28 metres north-northwest of HK15-37 (0.69% U3O8 over 9.9 metres including 9.9% U3O8 over 0.6 metres) and drilled with an azimuth of 295 degrees and dip of -80 degrees. Overburden was cased to a depth of 101 metres, and then a non-coring bit was used to drill to the unconformity at 156 metres. Massive clay and chlorite with patchy brick-red hematite overprinting was encountered to 175 metres followed by 3 metres of brecciated Graphitic Pelite infilled by carbonate. Strong to intense clay alteration of metasedimentary rocks ranging from pelitic to quartzite occurs from 178 to 228 metres then sheared graphitic pyritic pelite was encountered to 239 metres. Downhole gamma probe results returned 1.6% eU3O8 over 32.5 metres including 13.3% eU3O8 over 2.2 metres between 222.2 and 253.4 metres. High grade mineralization is concentrated in 10 to 30 centimetre, steeply-dipping structures that are sub-parallel to, but cross-cut the targeted graphitic shear zone. Mineralized structures occur above, within and below the graphitic shear zone. Brittle-ductile sheared to pseudo-cataclastic metasediments with strong clay alteration occur from 239 to 315 metres after which the clay alteration gradually decreases to the hole completion depth of 394 metres.

Gamma Logging and Geochemical Assaying

Gamma logging is a common method used to estimate uranium grade where the radiation contribution from thorium and potassium is small. Gamma logging does not account for energy derived from thorium and potassium. Reported uranium mineralization grades are annotated with a sub-prefix 'e' because they are uranium equivalent grades derived from downhole gamma ray logging results and should only be regarded as an approximation.

A Mount Sopris 2PGA-1000 downhole total gamma probe was utilized for reporting the low-grade mineralization as a %eU3O8 while a Mount Sopris 2GHF-1000 downhole triple-gamma probe was used for estimating the high-grade mineralization. Reported equivalent uranium grades (%eU308) are downhole calibrated gamma probe results composited by length using a cut-off of 0.05% eU3O8 and maximum internal dilution of 2.0 metres. All drill intercepts are core width and true thickness is yet to be determined.

Core samples are submitted to the Saskatchewan Research Council (SRC) Geoanalytical Laboratories in Saskatoon. The SRC facility is ISO/IEC 17025:2005 accredited by the Standards Council of Canada (scope of accreditation #537). The samples are analyzed using partial and total digestion inductively coupled plasma methods, for boron by Na2O2 fusion, and for uranium by fluorimetry.

Hook Lake JV Project

The Hook Lake JV project is owned jointly by Cameco Corp. (39.5%), AREVA Resources Canada Inc. (39.5%) and Purepoint Uranium Group Inc. (21%) and consists of nine claims totaling 28,683 hectares situated in the southwestern Athabasca Basin. The Hook Lake JV is considered one of the highest quality uranium exploration projects in the Athabasca Basin due to its location along the prospective Patterson Lake trend and the relatively shallow depth to the unconformity.

Current exploration is targeting the Patterson Lake Corridor that hosts Fission's Triple R deposit (indicated mineral resource 79,610,000 lbs U3O8 at an average grade of 1.58% U3O8), NexGen Energy's Arrow Deposit where hole AR-15-62 returned 78.0 metres at 10.00% U3O8 (NexGen press release of January 13, 2016) and the Spitfire Discovery by the Hook Lake JV.

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--(Marketwired - Apr 21, 2016) - Purepoint Uranium Group Inc. (the "Company" or "Purepoint") (TSX VENTURE:PTU) today reported the strongest uranium mineralization drilled to date within the Spitfire Zone intersected by hole HK16-53 returning an assay result of 53.3% U(3) O( over 1.3 metres within a 10.0 metre interval that assayed 10.3% U(3) O( . Purepoint is the operator of the Hook Lake project on behalf of its Joint Venture partners Cameco Corp. and AREVA Resources Canada Inc.