Purepoint Uranium Issues Stock Options

Purepoint Uranium Issues Stock Options

TORONTO, April 26, 2019 /CNW/ - Purepoint Uranium Group Inc. (the

"Company" or "Purepoint") (TSX:PTU.V) today approved the

issuance of a total of 3,280,000 options to its Board of Directors,

management and certain staff members pursuant to the Company's

stock option plan. The options vest immediately, are exercisable at a

price of $0.085 per common share and expire on a date that is five

years from the date of grant.

About Purepoint

Purepoint Uranium Group Inc. 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.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES

NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR

ACCURACY OF THIS RELEASE.

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

CO: Purepoint Uranium Group Inc.

CNW 08:37e 26-APR-19