Purepoint Uranium Group Inc. provided results from an airborne gravity survey across its 100% owned Denare West Volcanogenic Massive Sulphide (VMS) project located approximately 9 kilometres southeast of Foran Mining Corp.'s McIlvenna Bay Cu-Zn-Au deposit in the Hanson Lake area of eastern Saskatchewan. The Denare West Project area was identified by Purepoint in 2018 as a highly prospective and valuable base and precious metal exploration opportunity that was on strike with the Hanson Lake and McIlvenna Bay deposits. The Denare West property was subsequently staked and is currently comprised of 10 claims covering an area of 21,066 hectares.

To Purepoint's advantage, these dispositions remained in good standing for an extended time, due to COVID-19 relief provided by the Saskatchewan Government, while Foran advanced the McIlvenna Bay project. Purepoint recently carried out an airborne gravity survey in order to determine a potential relationship between the project and the McIlvenna Bay resource . The results of the gravity survey are interpreted as showing a direct geologic association between the McIlvenna Bay VMS deposit and Company's Denare West project.

Highlights: The Denare West project is 100% owned by Purepoint and on trend with the nearby McIlvenna Bay VMS deposit that is on a path to production; Purepoint has completed its initial review of the 1,100 line-kilometre, FALCON® Airborne Gravity Gradiometer survey results collected across its Denare West project; The Hanson Lake and McIlvenna Bay deposits are located along the eastern edge of a prominent gravity high response that extends onto Denare West project; To best prioritize exploration target areas, an airborne deep-penetrating EM survey using advanced technology is planned for this year.