Purepoint Uranium Group Inc. provided an update on the recently completed winter uranium exploration programs at its 100% owned Red Willow Project, its 100% owned Tabbernor Project and the Hook Lake Joint Venture all in Northern Saskatchewan, Canada. Highlights: 3,854 metres of diamond drilling were completed in 15 holes at the Red Willow Project across the Osprey, Geneva and Radon Lake zones. Given the property size and number of targets yet untested, a newly completed, National Instrumen 43-101 compliant technical report on the Red Willow project will be filed on Friday and can be found at https://purepoint.ca/projects/red-willow/- Technical Report on the Red Willow Project, Northern Saskatchewan, Canada April 28, 2023.

The Company is now planning programs at Red Willow to conduct first-pass drill testing of geophysical targets in the Dancing Lake, Long Lake, Topping Island, Golden Eye, Ghost Lake, Horse Lake, Boundary, Jeffrey, Dominic and Cunning Bay areas (46 kilometres of combined conductors). An additional 12,957 hectares of property were staked, connecting the Tabbernor Block and securing the entire length of the target conductors identified this past summer. Additional information regarding the Tabbernor Project will be provided in a separate release.

The winter drill program at Red Willow continued to follow up on radioactivity along EM conductors, that are shared with the neighbouring Orano/Denison Wolly project to the west, for both basement and unconformity hosted economic uranium mineralization. As we continue to identify favourable geology, widespread alteration and elevated radioactivity across the project, the Company will extend its efforts to the additional ten targets zones defined on the property. 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 near 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.