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"), is pleased to
announce the closing of the final tranche of the non-brokered private placement
announced on December 3, 2013, for gross proceeds of $25,000. The Company issued
454,545 flow-through units at a price of $0.055 per unit. Each flow-through unit
consists of one common share in the capital of the Company issued on a "flow
through" basis pursuant to the Income Tax Act (Canada) and one common share
purchase warrant. Each warrant entitles its holder to purchase one common share
in the capital of the Company at an exercise price of $0.10 per share for a
period of 24 months from the date of issuance. The closing is subject to final
acceptance by the TSX Venture Exchange of the private placement. 


In connection with the closing of the final tranche of the private placement,
the Company paid finder's fees consisting of $2,000 (plus applicable taxes) in
cash and issued 36,363 non-transferable compensation options to certain finder.
Each compensation option entitles its holder to purchase one common share in the
capital of the Company at an exercise price of $0.10 per share for a period of
24 months after the closing date. 


Together with the first tranche closing and second tranche closing of the
private placement announced on December 6, 2013 and December 24, 2013,
respectively, the Company issued a total of 14,008,799 flow-through units under
the private placement for aggregate gross proceeds of $770,484, paid finders'
commission in an aggregate amount of $59,958.72 and issued 1,090,157
compensation options to certain finders. 


All securities issued in connection with the final tranche of the private
placement are subject to a four-month hold period pursuant to the applicable
securities laws with an expiry date of May 1, 2014. The net proceeds of the
private placement will be used for the exploration program of the Company to be
conducted to advance the Company's eleven uranium projects located in the
Province of Saskatchewan. 


About Purepoint Uranium Group Inc. 

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.


Disclosure regarding forward-looking statements

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 Company. These risks and uncertainties
could cause actual results and the Company'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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Purepoint Uranium Group Inc.
Chris Frostad
President & CEO
(416) 603-8368, Ext. 200
cfrostad@purepoint.ca

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