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") announced today
that it has received approval from the TSX Venture Exchange (the "Exchange") for
its proposed repricing of the incentive stock options granted to certain of its
directors, officers and consultants. 


On April 25, 2013, the Company issued, in aggregate, 1,940,000 incentive stock
options to certain directors, officers and consultants of the Company with an
exercise price of $0.10 per common share and a term of 5 years. Pursuant to the
transitional provisions of a bulletin issued by the Exchange on August 14, 2013,
the minimum acceptable exercise price for options granted between January 1,
2013 and August 14, 2013 may be retroactively reduced from $0.10 to $0.05
subject to certain conditions. Accordingly, the Company has applied and received
approval from the Exchange pursuant to the transitional provisions for reducing
the exercise price of all of its incentive stock options granted on April 25,
2013 from $0.10 to $0.07. The Company is exempt from the requirement of
disinterested shareholders' approval for the option repricing pursuant to the
transitional provisions. 


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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