PTU Purepoint Uranium Group Inc

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES.


Purepoint Uranium Group Inc. (the "Company" or "Purepoint") (TSX VENTURE:PTU) is
pleased to announce the completion of its previously announced rights offering
for aggregate gross proceeds of $679,334. The rights offering was fully
subscribed with a total of 42,830,380 rights being exercised for 3,975,718 units
pursuant to the basic subscription privilege and 5,729,055 units issued pursuant
to the additional subscription privilege. 


"We are extremely pleased by the success of this offering and the confidence our
shareholders have demonstrated through their support of this financing" said
Chris Frostad, President and Chief Executive Officer of Purepoint.  


Each unit was issued at a price of $0.07 and was comprised of one common share
of Purepoint ("Common Share") and one Common Share purchase warrant ("Warrant").
Each Warrant entitles the holder thereof to acquire one Common Share at a price
of $0.10 per Common Share until the Warrants expire at 5 p.m. on March 4, 2015. 


In total, 9,704,773 Common Shares and 9,704,773 Warrants were issued pursuant to
this rights offering. The Company now has 106,752,503 Common Shares issued and
outstanding.


About Purepoint 

Purepoint Uranium Group Inc. is focused on the precision exploration of its
eleven 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Purepoint Uranium Group Inc.
Chris Frostad
President and CEO
(416) 603-8368
www.purepoint.ca

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