Purepoint Uranium Issues Stock Options

Purepoint Uranium Issues Stock Options

TORONTO

,

April 28, 2020

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

Company

" or "

Purepoint

")

(TSX:PTU.V) today approved the issuance of a total of 6,650,000 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

$0.07

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 nine 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.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/April2020/28/c6022.html

%SEDAR: 00020406E

For further information:

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

603-8368, www.purepoint.ca

CO: Purepoint Uranium Group Inc.

CNW 17:00e 28-APR-20