PURE Energy Minerals Appoints Interim CFO
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR
DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN P ART, IN OR INTO THE UNITED STATES.
PURE ENERGY MINERALS APPOINTS INTERIM CFO
January 30, 2020 – Pure Energy Minerals Limited (TSX VENTURE:PE) (OTCQB:PEMIF) (the
“Company” or “Pure Energy”) is pleased to announce the appointment of Ms. Ann Fehr as Interim Chief
Financial Officer , effective February 1, 2020.
Ms. Fehr is a Chartered Professional Accountant, CGA with more than 25 years’ experience which includes
experience in mergers, corporate finance, financial reporting, governance, compliance, and management.
She has held part time officer positions for venture listed companies since 2009 and is the founder and
president of Fehr & Associates, which provides consulting services to a number of mineral exploration
company clients. Ms. Fehr currently serves as CFO for two other TSX Ve nture listed corporations.
Pure Energy Minerals wishes to thank Mr. Frank Wells who has acted as Interim CFO since November of
2018. The Company appreciates the important services provided by Mr. Wells in the past year and during
its transaction with Pure Energy’s strategic partner, Schlumberger Technology Corporation, which closed
May 28, 2019. Mr . Wells plans to continue as a director of Pure Energy and chair of the audit committee.
The Company also reports that a payment of US$250,000 to GeoXplor Corp. for option of its Clayton Valley
mineral properties was made, as required by the underlying option agreement.
About Pure Energy
Pure Energy Minerals is a lithium resource developer that is driven to become a low-cost supplier for the
growing lithium battery industry. Pure Energy has consolidated a pre-eminent land position at its Clayton
Valley Project (“CV Project”) in the Clayton Valley of central Nevada 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 (“PEA”) for the Clayton Valley Project
(news releases of June 26, 2017 and April 6, 2018) which includes an updated resource calculation and a
preliminary economic evaluation. The economic analysis presented in the PEA is based upon inferred
mineral resources only. Mineral resources that are not mineral reserves do not have demonstrated
economic viability. There is no certainty that the Project envisioned by the PEA will be realized.
Page 2
In May of 2019, Pure Energy signed an Earn-In agreement with Schlumberger Technology Corporation
(“SLB”), over the CV Project, which requires significant investment by SLB to include the design and
construction of a pilot plant capable of processing lithium-bearing brines for high-quality lithium hydroxide
monohydrate and/or lithium carbonate products at a specified rate. SLB will act as operator of the CV
Project and will assume all costs and direction related to the project during the earn-in period. SLB has a 3-
year period in which to achieve the goals to execute the Earn-In Agreement. SLB’s costs, technical
parameters and ultimate technology are anticipated to differ from Pure Energy’s published PEA study. For
further details, refer to Pure Energy’s Annual General and Special Meeting Management Information
Circular dated April 4, 2019, available on Sedar .com.
Quality Assurance
Walter Weinig, Professional Geologist and Qualified Person as designated by the Mining and Metallurgical
Society of America (MMSA registration #01529QP), is a qualified person as defined by National Instrument
43-101 and supervised the preparation of the scientific and technical information that forms the basis for
this news release. Mr . Weinig is not independent of the Company , as he is a former officer .
On behalf of the Board of Directors,
“Mary L. Little”
Director , Pure Energy Minerals Ltd.
CONT ACT:
Pure Energy Minerals Limited (www.pureenergyminerals.com)
Email: [email protected]
T elephone – 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 factors that may cause actual results to differ materially from those
anticipated in our forward-looking statements. Factors that could cause such differences include: 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 expectations reflected in our
forward-looking statements are reasonable, 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 Provider (as that term is defined in the policies of TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.