PURE Energy Minerals Completes Settlement with Management; Resignation of Director
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PURE ENERGY MINERALS COMPLETES SETTLEMENT WITH MANAGEMENT;
RESIGNATION OF DIRECTOR
July 19, 2019 – Pure Energy Minerals Limited (TSX VENTURE:PE) (OTCQB:PEMIF) (the “Company” or “Pure
Energy”) reports that it has received final TSX Venture Exchange approval to settle debts totalling $118,637.33 by
the issuance of 912,595 common shares to two former officers, as previously announced. The shares are subject
to a four month and one day hold period.
T h e C o m p a n y a l s o a n n o u n c e s t h a t P a t r i c k H i g h s m i t h h a s r e s i g n e d as a director due to pursue other business
commitments. The Board wishes to thank Patrick for his technical leadership and service to the Company.
About Pure Energy Minerals Limited
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‐e minent land position at its Clayton Valley 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 Clayton Valley Project adjoins and surrounds on three sides the Silver Peak li thium brine mine operated
b y A l b e m a r l e C o r p o r a t i o n . The Company has completed a Preliminary Economic Assessment (“PEA”) for the
Clayton Valley Project (news releases of June 26, 2017 and April 5, 2018). In May 2019, the Company announced
the agreement with a strategic partner for the design and const ruction of a pilot plant for the testing of lithium
brines at the Clayton Valley Project.
Quality Assurance
WalterWeinig, Professional Geologist and Qualified Person as designated by the Mining and Metallurgical Society
o f A m e r i c a ( M M S A r e g i s t r a t i o n # 0 1 5 2 9 Q P ) , i s a q u a l i f i e d p e r s o n as defined by National Instrument 43‐101 –
S t a n d a r d s o f D i s c l o s u r e f o r M i n e r a l P r o j e c t s a n d s u p e r v i s e d t h e p r e p a r a t i o n o f t h e s c i e n t i f i c a n d t e c h n i c a l
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.
CONTACT:
Pure Energy Minerals Limited (www.pureenergyminerals.com)
Email: [email protected]
Telephone – 604 608 6611
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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 a ctual results to differ material ly from those anticipated in
our forward‐looking statements. Factors that could cause such d ifferences 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
d e v e l o p m e n t o n t h e C V P r o j e c t . A l t h o u g h w e b e l i e v e t h e e x p e c t ations 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 Provid er (as that term is defined in the policies of TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.