Purepoint Uranium Group Inc. Employee Stock Options Issued
FOR IMMEDIATE RELEASE
Purepoint Uranium Group Inc. Employee Stock Options Issued
Toronto, May 27, 2010 – The Board of Directors of Purepoint Uranium Group Inc. (TSX- V:PTU) has approved the issuance of a total of 3,400,000 options to certain of its Board of Directors, management and staff pursuant to its stock option plan. The options are exercisable at a price of $0.09, are subject to agreed vesting schedules and expire in five years.
About Purepoint
Purepoint Uranium Group Inc. is focused on the precision exploration of more than 55 defined target areas on its eight 100% owned projects in the Canadian Athabasca Basin, and its two Basin projects joint ventured with Cameco Corporation and AREVA Resources Canada Inc. Established in the Basin well before the resurgence in uranium, Purepoint is actively advancing this large portfolio of multiple drill targets in the world' s richest uranium region.
For further information please contact:
Chris Frostad, President and CEO Purepoint Uranium Group Inc.
(416) 603-8368
www.purepoint.ca
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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