Purepoint Uranium Group Inc.
TSX VENTURE : PTU

Purepoint Uranium Group Inc.

January 29, 2007 09:56 ET

Purepoint Uranium Group Inc: Loewen, Ondaatje, McCutcheon Limited Issue Initiating Report

TORONTO, ONTARIO--(CCNMatthews - Jan. 29, 2007) - Purepoint Uranium Group Inc. (TSX VENTURE:PTU) is pleased to announce that Loewen, Ondaatje, McCutcheon Limited has issued an initiating report on the company.

Analysts, Peter Campbell, PEng. and Jay Hodgson PhD stated "We believe that Purepoint represents one of the most promising early-stage uranium exploration companies in the Athabasca Basin. A robust investment case for Purepoint can be made on the basis of its land holdings in parts of the Basin with the greatest potential for significant new discoveries; the quality and experience of the exploration and business professionals in management; and, the strong fundamentals of the global uranium market."

Two weeks ago Blackmont Capital also initiated coverage of Purepoint. Copies of both reports can be obtained at www.purepoint.ca.

About Purepoint

Purepoint Uranium Group Inc. is focused on the precision exploration of its eight highly prospective projects in the Canadian Athabasca Basin. Established in the Basin well before the resurgence in uranium, Purepoint is actively advancing its large portfolio of multiple drill targets in the world's richest uranium region.

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Contact Information

  • Purepoint Uranium Group Inc.
    Chris Frostad
    President and CEO
    (416) 603-8368
    Website: www.purepoint.ca