Dissemination Directl Y , OR Indirectl Y , IN Whole OR IN Part, IN OR into the United St Ates. PURE Energy Settles with Former Management
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR
DISSEMINATION DIRECTL Y , OR INDIRECTL Y , IN WHOLE OR IN PART, IN OR INTO THE UNITED ST ATES.
PURE ENERGY SETTLES WITH FORMER MANAGEMENT
DENVER, CO – (April 1, 2019) – Pure Energy Minerals Limited (TS X VENTURE:PE) (OTCQB:PEMIF) (the
“Company” or “Pure Energy”) announces that subject to regulatory approval, it will be is suing 1,086,441 shares
at a deemed value of $0.13 per share to settle payments owing f or former management services and out of pocket
expenses.
Pure Energy’s board of directors is focused on the successful advancement and development of the Clayton Valley
(“CV”) Project and is engaged in discussions with interested po tential strategic partners and funding parties. The
Company appreciates the continued support of its shareholders, and the companies and individuals who are working
closely with Pure Energy towards achieving this goal.
Pure Energy is seeking a partne r with technical and financial r esources, the critical elements required to building
the pilot plant and the future development of lithium production capacity at the CV Project.
About Pure Energy Minerals Limited
Pure Energy Minerals is a lithium resource developer that is dr iven to become a low-cost supplier for the growing
lithium battery industry. Pure Energy has consolidated a pre-eminent land position at its CV Project in the
Clayton Valley of central Nevada for the exploration and development of lithium resources, comprising 948
claims over 23,360 acres (9,450 hectares), representing the largest mineral land holdings in the valley. Pure
Energy’s CV Project adjoins and surrounds on three sides the Silver Peak lithium brine mine operated by Albemarle
Corporation.
The Company has completed a Preliminary Economic Assessment (“P EA”) for the CV Project (news releases of
June 26, 2017 and April 5, 2018) which includes an updated reso urce calculation and a preliminary economic
evaluation. The Company and its technical consultants have also completed the basic design for the proposed pilot
plant (news release of May 31, 2 018). The lithium-bearing brine s identified at the CV Project are of high quality
with very low impurity levels, and have been shown by small sca le pumping tests to be amenable to conventional
extraction. Pure Energy has received a finite-term water right permit from the Nevada Department of Water
Resources (“NDWR”) which is sufficient for construction and operation of the envisioned pilot plant and testing of
brines (news release of January 3, 2019).
On behalf of the Board of Directors,
“Mary L. Little”
Director, Pure Energy Minerals Ltd.
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CONTACT:
Pure Energy Minerals Limited (www.pureenergyminerals.com)
Email: [email protected]
Telephone – 604 608 6611
Cautionary Statements and Forward-Looking Information
The information in this news release contains forward looking statements that are subject to a number of known and unknown
risks, uncertainties and other f actors that may cause actual re sults to differ materially from those anticipated in our forwar d-
looking statements. Factors that could cause such differences i nclude: changes in world commodity markets, equity markets,
costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the
mining industry. Forward-looking statements in this release may include future exploration and development on the CV Project.
Although we believe the expectati ons reflected in our forward-l ooking statements are reasonab le, results may vary, and we
cannot guarantee future results, levels of activity, performance or achievements.
The Company does not undertake to update any forward-looking information, except as required by applicable laws.
Neither TSX Venture Exchange nor its Regulation Services Provid er (as that term is defined in the policies of TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S.
Securities Act"), or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account
or benefit of, U.S. persons (as defined under the U.S. Securities Act) absent registration or any applicable exemption from the
registration requirements of the U.S. Securities Act and applic able U.S. state securities laws. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.