Toronto - Purepoint Uranium Group Inc. (TSXV: PTU) ('Purepoint' or the 'Company') today provided an update of this winter's exploration program at the Hook Lake Project, a joint venture between Cameco Corporation (39.5%), Orano Canada Inc. (39.5%), and Purepoint (21%) in the Patterson Uranium District, Saskatchewan, Canada.

The Hook Lake Project lies on the southwestern edge of Saskatchewan's Athabasca Basin and is adjacent to and on trend with recent high-grade uranium discoveries including Fission Uranium's Triple R Deposit and NexGen's Arrow Deposit.

A focus of the 2020 exploration program included follow-up north of encouraging hole HK19-105, an area referred to as the Sabre Target. This year's geophysical survey was conducted over the Sabre Target area and consisted of five lines of stepwise-moving loop electromagnetic (EM) surveying spaced 800 metres apart. Interpretation of the EM results has revealed that the previously identified 'W' conductor is actually two continuous parallel conductors of variable strength, associated with previously unknown, sub-parallel conductors. The presence of numerous EM conductors in this area is thought to be reflecting highly prospective structural complexity. Plans for the follow up program will include significant drilling along this 3.5 kilometre stretch of conductive rocks.

In addition to the geophysical survey, five target areas were tested this winter by seven diamond holes for a total of 3,659 metres of drilling.

'Our greatest success this year was returned from the Sabre Target area where the recent EM survey delineated parallel conductors between last year's HK19-105 drill hole and our most recent hole HK20-115, approximately 3.5 kilometres to the north.' said Scott Frostad, Purepoint's Vice President of Exploration. 'Both these holes encountered strong hydrothermal alteration within the Sabre area that was known to be associated with favourable airborne geophysical survey results. Our priority is now considered to be initial drill testing of the new Sabre Target area EM conductor picks.'

About Purepoint

Purepoint Uranium Group Inc. is focused on the precision exploration of its nine projects in the Canadian Athabasca Basin, the world's richest uranium region. Established in the Athabasca Basin well before the initial resurgence in uranium earlier last decade, Purepoint's flagship project is the Hook Lake Project, a joint venture with two of the largest uranium suppliers in the world, Cameco Corporation and Orano Canada Inc. The Hook Lake JV Project is on trend with recent high-grade uranium discoveries including Fission Uranium's Triple R Deposit, NexGen's Arrow Deposit and the Hook Lake JV's Spitfire discovery.

Contact:

Chris Frostad

Tel: (416) 603-8368

Email: cfrostad@purepoint.ca

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.

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