SOURCE: Pure Energy Minerals Limited

Pure Energy Minerals Limited

August 20, 2015 15:52 ET

Pure Energy Minerals Clarifies Earlier Disclosure

VANCOUVER, BC--(Marketwired - Aug 20, 2015) - Pure Energy Minerals Limited (TSX VENTURE: PE) (FRANKFURT: A111EG) (OTCQB: HMGLF) (the "Company" or "Pure Energy") announces that, at the request of IIROC, the Company hereby retracts the Company's news release issued August 20, 2015 titled "Pure Energy Receives Order Of Magnitude Report From Tenova Bateman -- Opex Cost US$1900 Per Ton Lithium Hydroxide Monohydrate" (the "News Release") regarding the Company's Clayton Valley South Lithium Brine Project (the "Project"). The News Release was erroneously disseminated and contained certain technical disclosures and economic conclusions that are properly contained in an independent mining study.

Further to its news release of July 28, 2015 announcing an inferred resource estimate on the Project, the Company is currently working diligently to complete a Preliminary Economic Assessment in respect of the Project. The Company has not, however, completed an independent mining study, at any level of confidence, to support the technical feasibility or economic viability of the Project, and accordingly the Company retracts any disclosure in the News Release that may suggest otherwise.

Qualified Person

Gerhard Jacob, PGeo, EFG (European geologist), is a qualified person as defined by NI 43-101, and has supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Jacob is not independent of the company as he is a director.

About Pure Energy

Pure Energy is a lithium-brine resource developer with a focus on becoming the lowest cost, lithium supplier for the burgeoning lithium battery industry in North America. Pure Energy is currently focused on the development of our prospective Clayton Valley South Lithium Brine Project.

The Company is undertaking pre-feasibility level work to better understand the economics and feasibility of using modern processing techniques to convert the Clayton Valley South brines into the high purity lithium products required for new energy storage uses.


"Robert Mintak" 
Chief Executive Officer

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