PTU Purepoint Uranium Group Inc

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Purepoint Uranium Group Inc. (TSX VENTURE:PTU) (the "Company" or "Purepoint") is
pleased to announce, subject to TSX Venture Exchange approval, a non-brokered
private placement, of up to ten million flow-through units ("Units") at a price
of $0.11 per Unit, each Unit to consist of one flow-through common share and one
common share purchase warrant in the capital of the Company, with each warrant
to entitle the holder to purchase one additional common share at a price of
$0.18 for a period of two years from closing. 


Purepoint will pay a finder's fee of 7% cash and 7% finder's warrants to
eligible parties under this private placement. The securities to be issued under
the private placement will be subject to a four month hold period from the date
of closing in accordance with applicable securities legislation. 


The net proceeds of this private placement will be used to further advance
Purepoint's twelve uranium exploration projects and for general corporate
purposes. Closing of the private placement is expected on or about December 15,
2011.


Purepoint Uranium Group Inc. is focused on the precision exploration of its
twelve projects in the Canadian Athabasca Basin. Purepoint proudly maintains
project ventures in the Basin with the three largest uranium producers in the
world, Cameco Corporation, AREVA and Rio Tinto. 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. 


The securities offered have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the United
States or to, or for the benefit of U.S. persons except in certain transactions
exempt from the registration requirements of such Act. This news release shall
not constitute an offer to sell nor the solicitation of an offer to buy nor
shall there be any sale of the securities in any state in which such offer,
solicitation or sale would be unlawful. 


Disclosure regarding forward-looking statements

Note: This press release contains projections and forward-looking information
that involve various risks and uncertainties regarding future events. Such
forward-looking information can include without limitation statements based on
current expectations involving a number of risks and uncertainties and are not
guarantees of future performance of the Corporation. These risks and
uncertainties could cause actual results and the Corporation's plans and
objectives to differ materially from those expressed in the forward-looking
information. Actual results and future events could differ materially from those
anticipated in such information. These and all subsequent written and oral
forward-looking information are based on estimates and opinions of management on
the dates they are made and expressly qualified in their entirety by this
notice. The Corporation assumes no obligation to update forward-looking
information should circumstances or management's estimates or opinions change.

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