Pure Energy Minerals Ltd. announced that Xavier Wenzel has been appointed as Chief Financial Officer of the Company effective February 24, 2023, replacing the Company's Interim CFO Ann Fehr. Mr. Wenzel, is a Chartered Professional Accountant with over 25 years of financial management experience. He has an extensive background with public companies, particularly in the mining and resource sector.

Mr. Wenzel has considerable audit and tax expertise and extensive experience with US GAAP. In connection with the appointment 150,000 incentive stock options of the Company were granted. The options were granted under the Company's Stock Option Plan and each stock option entitles the holder to acquire one common share at an exercise price of $0.54 until February 27, 2028.

The Company thanks Ms. Fehr for her many contributions to the Company as Interim CFO, and wishes her well in her future endeavors.