Purepoint Uranium Opens the Season by Extending High-grade Spitfire Results along 115 Metres of Strike Length

Purepoint Uranium Opens the Season by Extending High-grade Spitfire Results

along 115 Metres of Strike Length

FOR IMMEDIATE RELEASE

Toronto, Ontario – February 2, 2017 - Purepoint Uranium Group Inc. (the “Company” or “Purepoint”)

(TSX VENTURE:PTU.V) today reported that high-grade Spitfire Zone mineralization has been confirmed

along strike for 115 metres. Assay results for the first hole of the current drill program, HK16-55, have

returned 13.3% U3O8 over 1.5 metres within a 9.5 metre interval that assayed 2.92% U3O8. Purepoint

is the operator of the Hook Lake project on behalf of its Joint Venture partners Cameco Corp. and AREVA

Resources Canada Inc.

The HK16-55 mineralized intercept is situated approximately 40 metres northeast of the HK16-5 3 that

returned 53.3% U3O8 over 1.3 metres within an interval that assayed 10.3% U 3O8 over 10.0 metres at the

end of the last drilling program. A follow-up hole, HK16-60, has intersected a 12.7 metre mineralized

interval that is located 75 metres southwest of the HK16-53 high-grade hit (assays pending). The Upper

Spitfire high-grade mineralization continues to be intersected at a depth of 200 to 250 metres below

surface suggesting a sub-horizontal control.

“In February we will be moving our focus towards the north along the Patterson Shear Zone” said Scott

Frostad, VP Exploration at Purepoint. “We are currently targeting the Spitfire graphitic shear on the

northern side of an interpreted east-west fault as well as the intersection of two conductors located within

the centre of the Hornet Zone”.

Highlights:

 The Upper Spitfire Zone has been extended 40 metres to the northeast of the HK16- 53 high-

grade intercept by drill hole HK16-55, and 75 metres to the southwest by drill hole HK17-60 for a

total confirmed strike length of 115 metres;

 HK16-55 has returned assay results of 2.92% U3O8 over 9.5 metres and includes 13.3% U3O8

over 1.5 metres;

 HK16-60 intersected 12.7 metres of uranium mineralization and contains a 1.9 metre high-grade

interval;

 Seven holes representing 2,526 metres have been completed so far during this program;

 Assays are pending on the additional six holes completed and reviewed in January;

 The 2016/2017 winter program is scheduled to complete 30 holes or approximately 12,000

metres of drilling.

Geochemical Assaying

Core samples are submitted directly to the Saskatchewan Research Council (SRC) Geoanalytical

Laboratories in Saskatoon. The SRC facility is ISO/IEC 17025:2005 accredited by the Standards Council

of Canada (scope of accreditation #537). The samples are analyzed using partial and total digestion

inductively coupled plasma methods, for boron by Na2O2 fusion, and for uranium by fluorimetry.

Hook Lake JV Project

The Hook Lake JV project is owned jointly by Cameco Corp. (39.5%), AREVA Resources Canada Inc.

(39.5%) and Purepoint Uranium Group Inc. (21%) and consists of nine claims totaling 28,683 hectares

situated in the southwestern Athabasca Basin. The Hook Lake JV is considered one of the highest quality

uranium exploration projects in the Athabasca Basin due to its location along the prospective Patterson

Lake trend and the relatively shallow depth to the unconformity.

Current exploration is targeting the Patterson Lake Corridor that hosts Fission’s Triple R Deposit

(indicated mineral resource 79,610,000 lbs U3O8 at an average grade of 1.58% U3O8), NexGen Energy’s

Arrow Deposit (inferred mineral resource 201,900,000 lbs U 3O8 at an average grade of 2.63% U3O8) and

the Spitfire Discovery by the Hook Lake JV.

About Purepoint

Purepoint Uranium Group Inc. is focused on the precision exploration of its seven projects in the

Canadian Athabasca Basin. Purepoint proudly maintains project ventures in the Basin with two of the

largest uranium producers in the world, Cameco Corporation and AREVA Resources Canada Inc.

Established in the Athabasca Basin well before the initial resurgence in uranium earlier last decade.

Purepoint is actively advancing a large portfolio of multiple drill targets in the world's richest uranium

region.

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.

For further information please contact:

Purepoint Uranium Group Inc.

Chris Frostad, President and CEO

(416) 603-8368

www.purepoint.ca