Pure Gold Intersects 34.6 g/t Gold Over 4.3 Metres Demonstrating Significant Potential Below Madsen Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 26, 2017) - Pure Gold Mining Inc. (TSX VENTURE:PGM) ("Pure Gold" or the "Company") is pleased to announce additional exploration drilling results from its 100% owned Madsen Gold Project ("Madsen"). Deep drilling has intersected high grade gold mineralization at a vertical depth of 1,373 metres, 240 metres below historical mining. Additionally, shallow underground definition drilling continues to de-risk potential near term production.

Release highlights:

• The down plunge extension of the South Austin deposit has been intersected at a vertical depth of 1,373 metres, approximately 240 metres below any previous mining. Hole PG17-456 returned 34.6 g/t gold over 4.3 metres, including 67.0 g/t gold over 2.0 metres. This result confirms that the Madsen mine is open to depth with deep-seated gold mineralization similar to other prolific deposits in the Red Lake Mining District;
• Ongoing underground drilling continues to intersect gold mineralization within the upper McVeigh deposit, including drill hole PGU-0016 which returned 12.7 g/t gold over 2.0 metres and drill hole PGU-0020 which returned 14.4 g/t gold over 4.1 metres.

"Today's exceptional results confirm that the Madsen Mine is open to depth" said Darin Labrenz, President and CEO of Pure Gold. "Historically, Madsen has produced nearly 2.5 million ounces of gold to a depth of approximately 1,200 metres below surface. The intersection of the South Austin deposit well below historic mine stopes supports the strong vertical continuity of a large scale mineral system, and demonstrates the long term future expansion potential of Madsen's deposits."

Drilling confirms Expansion of South Austin to Depth

Drill hole PG17-456 targeted the South Austin deposit at depth, intersecting mineralization approximately 240 metres below the deepest mining of the South Austin on Madsen Mine's 23 level. The hole returned 34.6 g/t gold over 4.3 metres, including 67.0 g/t gold over 2.0 metres at a vertical depth of 1,373 metres. Mineralization in the Austin and South Austin deposits is interpreted to continue to depth well beyond the historic limits of mining. Deep plunge potential at Madsen is further supported by drilling of the Austin Deposit by a previous operator at a depth of approximately 2,100 metres with 14.3 g/t gold over 2.0 metres returned from drill hole AD-11-01.¹