VANCOUVER - Pure Gold Mining Inc. (TSX-V: PGM, LSE: PUR) ('PureGold' or the 'Company'), reports its third quarter 2021 summary financial and operating results.

The Company's unaudited condensed interim financial statements and related management's discussion and analysis for the three and nine months ended September 30, 2021, will be available for download on SEDAR and on the Company's website. All amounts are expressed in Canadian dollars ('$'), unless otherwise noted).

Management Change

The Company wishes to announce that Mr. Ken Donner, VP Operations has indicated he will retire from the Company effective as of the date of this release. Maryse Belanger, in her role as Mine General Manager, will be responsible for operational leadership at the PureGold Mine.

Management and the Board of directors wish to thank Ken for his many years of service and want to acknowledge his key role in the successful build of the PureGold Mine in 2020, on time and on budget. We wish Ken a happy retirement and all the best in his future endeavours.

About Pure Gold Mining Inc.

PureGold is a growth company, located in the very heart of Red Lake, Canada. Our objective is pure and simple. To develop a highly-profitable long life gold mining company, becoming Canada's next iconic gold producer. Our plan is very disciplined, very methodical and financially sound. To expand organically, and develop PureGold's multi-million ounce high-grade gold asset incrementally, step-by-step, using a phased mining development plan to deliver maximum return.

Contact:

Darin Labrenz

Tel: 604-809-6890

Email: aobrien@puregoldmining.ca

All statements in this press release, other than statements of historical fact, are 'forward-looking information' with respect to PureGold within the meaning of applicable securities laws, including, but not limited to statements with respect to those that address proposed timing of development plans for the PureGold Mine complex, timing of expected production including timing for increased production, timing and size of exploration activities, potential for advancing the amount and timing for higher grade ore, potential for additional resources and expansion of known deposits and potential for making new discoveries and the focus of the Company in the coming months . Forward-looking information is often, but not always, identified by the use of words such as 'seek', 'anticipate', 'plan', 'progress', 'continue', 'planned', 'expect', expectations', 'expand', 'increasing', 'project', 'predict', 'potential', 'targeting', 'intends', 'believe', 'improved', 'potential', and similar expressions, or describes a 'goal', or variation , of such words and phrases or state that certain actions, events or results 'may', 'should', 'could', 'would', 'might' or 'will' be taken, occur or be achieved. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions about future prices of gold and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining governmental approvals and financing on time, obtaining renewals for existing licences and permits and obtaining required licences and permits, labour stability, stability in market conditions, availability of equipment, accuracy of any mineral resources, successful resolution of disputes and anticipated costs and expenditures. Many assumptions are based on factors and events that are not within the control of PureGold and there is no assurance they will prove to be correct.

Such forward-looking information, involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including, risks related to the interpretation of results at the PureGold Mine complex; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; the costs and timing of the development of new deposits; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; the timing and success of exploration and development activities generally; delays in permitting; possible claims against the Company; the timing of future economic studies; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, financing or in the completion of exploration as well as those factors discussed in the Annual Information Form of the Company dated March 31, 2021 in the section entitled 'Risk Factors', under PureGold's SEDAR profile at www.sedar.com.

Although PureGold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. PureGold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

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