PTU Purepoint Uranium Group Inc

The Board of Directors of Purepoint Uranium Group Inc. (TSX VENTURE: PTU) has approved the issuance of a total of 1,800,000 options to certain of its Board of Directors, management and staff pursuant to its stock option plan. The options are exercisable at a price of $0.20, are subject to agreed vesting schedules and expire in five years.

Under Purepoint's stock option plan there are at present 7,330,803 common shares reserved for issuance, of which only 4,631,000 shares are subject to outstanding option grants.

About Purepoint

Purepoint Uranium Group Inc. is focused on the precision exploration of more than 42 defined target areas on its seven 100% owned projects in the Canadian Athabasca Basin, and its two Basin projects joint ventured with Cameco Corporation and AREVA Resources Canada Inc. Established in the Basin well before the resurgence in uranium, Purepoint is actively advancing this large portfolio of multiple drill targets in the world's richest uranium region.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contacts: Purepoint Uranium Group Inc. Chris Frostad President and CEO (416) 603-8368 Website: www.purepoint.ca