Purepoint Uranium to Provide Drill Program Update at the Red Cloud 2022 Annual Mining Showcase

Toronto, Ontario--(Newsfile Corp. - February 28, 2022) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") will be presenting at Red Cloud's Very Pre-PDAC Mining Showcase that will be held virtually from March 2 - 4, 2022.

Chris Frostad, President and CEO will be presenting on Wednesday, March 2, 2022 at 11:40 am ET. During this presentation, Mr. Frostad will be discussing the preliminary findings of the current drill program underway at the Red Willow Project and the ongoing expansion of its Osprey uranium zone.

For more information and/or to register for the conference please visit: https://redcloudfs.com/prepdac2022/^[1].

Red Willow Project

The 100% owned Red Willow property is situated on the northern edge of the eastern Athabasca Basin mine corridor in Northern Saskatchewan, Canada. The property is located in close proximity to several uranium deposits including Orano Resources Canada Inc.'s JEB mine, approximately 10 kilometres to the southwest, and Cameco's Eagle Point mine that is approximately 10 kilometres due south.

Red Willow consists of 17 mineral claims having a total area of 40,116 hectares. Geophysical surveys conducted by Purepoint have included airborne magnetic and electromagnetic (VTEM) surveys, an airborne radiometric survey, ground gradient array IP, pole-dipole array IP, fixed-loop and moving-loop transient electromagnetics, and gravity. The detailed airborne VTEM survey provided magnetic results that are an excellent base on which to interpret structures while the EM results outlined over 70 kilometres of conductors that in most instances represent favourable graphitic lithology.

A National Instrument 43-101 compliant technical report on the Red Willow project containing Purepoint's work and analysis to date can be found on the Company's web site at https://purepoint.ca/projects/red-willow/^[2] ("Technical Report on the Red Willow Project, Northern Saskatchewan, Canada October 16, 2015")

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) actively operates an exploration pipeline of 12 advanced projects in Canada's Athabasca Basin. In addition to its flagship joint venture project at Hook Lake with partners Cameco and Orano and a second joint venture with Cameco at Smart Lake, Purepoint also holds ten, 100% owned projects with proven uranium rich targets. With an aggressive exploration program underway on multiple projects, Purepoint is emerging as the preeminent uranium explorer in the world's richest uranium district.

For more information, please contact:

Chris Frostad, President & CEOPhone: (416) 603-8368Email: cfrostad@purepoint.ca^[3]

For additional information please visit our new website at https://purepoint.ca^[4], our Twitter feed: @PurepointU3O8^[5] or our LinkedIn page @Purepoint-Uranium^[6].

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press release.

Disclosure regarding forward-looking statements

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115081^[7]

References

1. ^{^} https://redcloudfs.com/prepdac2022/ (www.newsfilecorp.com)
2. ^{^} https://purepoint.ca/projects/red-willow/ (www.newsfilecorp.com)
3. ^{^} cfrostad@purepoint.ca (www.newsfilecorp.com)
4. ^{^} https://purepoint.ca (www.newsfilecorp.com)
5. ^{^} @PurepointU3O8 (www.newsfilecorp.com)
6. ^{^} @Purepoint-Uranium (www.newsfilecorp.com)
7. ^{^} https://www.newsfilecorp.com/release/115081 (www.newsfilecorp.com)