Purepoint Uranium Group Inc: Work Resumes at Smart Lake

Purepoint Uranium Group Inc: Work Resumes at

Smart Lake

TORONTO

,

June 25, 2019

/CNW/ - Purepoint Uranium Group Inc. (the "

Company

" or "

Purepoint

") (TSXV: PTU)

announced today that it is preparing to commence an initial program at the Smart Lake JV, a project owned jointly by

Cameco Corp. (73%) and Purepoint Uranium Group Inc. (27%). The Smart Lake property is situated in the

southwestern portion of the

Athabasca

Basin, approximately 18 km west-northwest of the Patterson Uranium District

and 60 km south of the former

Cluff Lake

mine.

Location Map of Purepoint’s Western Athabasca Projects (CNW Group/Purepoint Uranium Group Inc.)

"Immediately following our initial successful drill program at Smart Lake, our attention was redirected by the

discoveries occurring at Hook Lake and the Patterson Lake corridor," said

Scott Frostad

, Purepoint's VP Exploration.

"With a new understanding of the western

Athabasca

geological setting acquired from our advanced work at Hook

Lake, we believe that it is time to revisit our findings at Smart Lake".

Highlights:

A team of both Cameco and Purepoint staff have mobilized to the Smart Lake camp where they will undertake to

re-examine and re-log the core from the original drill campaigns;

Earlier work performed by Purepoint includes a ground electromagnetic survey, a soil geochemical survey and

2,539 metres of diamond drilling in ten diamond holes;

Initial drilling has intersected basement-hosted uranium mineralization associated with a hydrothermally altered,

graphitic shear zone that includes 13.3 metres of 127 ppm U only 200 metres from surface;

The results of all work performed to date is outlined in a National Instruments 43-101 compliant technical report

available on Purepoint's web site at:

https://purepoint.ca/projects/smart-lake/

; and

Following the re-examination of the drill core, an exploration program for Smart Lake will be prepared for

presentation to the joint venture partners.

"Our investors are anxious to see us expand our exploration efforts across our broad uranium portfolio," said

Chris

Frostad

, President & CEO at Purepoint. "We are reviewing the priorities of our entire project set with an eye to begin

a more aggressive stage of advancement".

The Smart Lake Uranium Project

Purepoint, as operator, holds a 27% ownership of the Smart Lake project in joint venture with Cameco Corporation.

The Smart Lake property includes two claims with a total area of 9,860 hectares situated in the southwestern portion

of the

Athabasca

Basin, approximately 60 km south of the former

Cluff Lake

mine and 18 km west-northwest of

Purepoint's Hook Lake JV Project.

Depth to the unconformity, where it occurs, is relatively shallow at less than 350 metres.

Aeromagnetic and electromagnetic patterns at Smart Lake reflect an extension of the patterns underlying the Shea

Creek deposits (max. grade of 58.3% U3O8 over

3.5 m

) 55 km north of the property. Exploration by Purepoint and

Cameco has firmly established the presence of uranium mineralization, hydrothermal alteration and the location of a

number of basement electromagnetic conductors never drill tested.

The best uranium intercepts for each hole of the 2008 and 2012 drill programs are provided below. Note that holes

SMT08-03 and 04 were drilled along strike over 4 km south of the other drill holes and their results suggest

background uranium concentrations in basement rocks are typically less than 4 ppm.

Hole ID

Hole Depth

Maximum Radiation

Max. CPS

U (ppm)

Interval (m)

From (m)

To (m)

SMT08-01

300.0

3809

449

0.2

234.7

234.9

SMT08-02

192.0

534

27

1.0

191.0

192.0

SMT08-03

213.0

1579

4

0.3

94.0

94.3

SMT08-04

254.4

881

1

0.4

158.2

158.6

SMT08-05

219.0

13534

1900

0.2

152.8

153.0

SMT08-06

258.0

5047

1600

0.1

156.2

156.3

SMT12-07

369.0

1926

456

0.3

146.7

147.0

SMT12-08

306.0

1006

155

0.3

208.8

209.1

SMT12-09

292.6

2036

106

1.0

237.1

238.1

Known uranium mineralization at the Smart Lake project is associated with a steeply dipping, north-northwest striking,

and hydrothermally altered, graphitic-shear zone. The strongest radioactivity returned from the conductor is 127 ppm

U over 13.3 metres in hole SMT08-05. A geochemical signature is associated with the uranium mineralization and

includes the enrichment of nickel, arsenic, and cobalt. A flat-lying, radioactive tensional fracture zone extends

westward from the graphitic shear and returned 1,600 ppm U (0.2% U

3

O

8

) over 0.1 metre.

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU) is focused on the precision exploration of its ten projects in the Canadian

Athabasca Basin, the world's richest uranium region. Established in the

Athabasca

Basin well before the initial

resurgence in uranium earlier last decade, Purepoint's flagship project is the Hook Lake Project, a joint venture with

two of the largest uranium producers in the world, Cameco Corporation and Orano Canada Inc. The Hook Lake JV

is on trend with recent high-grade uranium discoveries including Fission Uranium's Triple R Deposit, NexGen's Arrow

Deposit and Purepoint's Spitfire discovery.

Scott Frostad BSc

, MASc, PGeo, Purepoint's Vice President, Exploration, is the

Qualified Person

responsible for

technical content of this release.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE

ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking

information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate"

and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking

information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities

to differ materially from those expressed or implied by such forward-looking information. Factors that could cause

actual results to differ materially from such forward-looking information include, but are not limited to, changes in

the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or

governmental approvals, and other risks involved in the mineral exploration and development industry, including

those risks set out in the Company's management's discussion and analysis as filed under the Company's profile

at

www.sedar.com

.

Forward-looking information in this news release is based on the opinions and assumptions of

management considered reasonable as of the date hereof, including that all necessary governmental and

regulatory approvals will be received as and when expected. Although the Company believes that the assumptions

and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance

should not be placed on such information. The Company disclaims any intention or obligation to update or revise

any forward-looking information, other than as required by applicable securities laws.

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SOURCE

Purepoint Uranium Group Inc.

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For further information:

Purepoint Uranium Group Inc., Chris Frostad, President and CEO, (416) 603-8368,

www.purepoint.ca, www.twitter.com/purepointU3O8

CO: Purepoint Uranium Group Inc.

CNW 06:30e 25-JUN-19