Purepoint Uranium Group Announces Change of Transfer Agent, Rights Agent and Warrants Agent

TORONTO, ONTARIO--(Marketwired - April 15, 2014) - Purepoint Uranium Group Inc. (TSX VENTURE:PTU) (the "Company"), announces today that effective April 17, 2014, CST Trust Company will replace Equity Financial Trust Company as the transfer agent and registrar of the securities of the Company.

On or after April 17, all inquiries and correspondence relating to shareholder records, transfer of shares, lost certificates or change of address should be directed to CST Trust Company as follows:

CST Trust Company

PO Box 700, Station B

Montreal, QC H3B 3K3

Phone: [phone] or 416-682-3860

Email: [e-mail]

Web: https://www.canstockta.com/

The Company also intends to replace Equity Financial Trust Company with CST Trust Company as the rights agent under the Company's Shareholder Rights Plan dated August 23, 2013 and as the warrant agent under the Company's Warrant Indenture dated January 9, 2013. In order to allow for sufficient time to provide notice to the warrant holders under the Warrant Indenture and the rights holders under the Shareholder Rights Plan, the effective date for the change of rights agent and warrant agent will be June 27, 2014. Upon appointment, CST Trust Company will assume all of the responsibilities as the rights agent pursuant to the terms of the Shareholder Rights Plan and as the warrant agent pursuant to the terms of the Warrant Indenture.

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.

Purepoint Uranium Group Inc.
Chris Frostad
President & CEO
[phone], Ext. 200
[e-mail]