Purepoint Uranium Group Inc.
TSX VENTURE : PTU

Purepoint Uranium Group Inc.

November 22, 2007 10:00 ET

Purepoint Uranium Group Inc.: Q3 Interim Financial Statements

TORONTO, ONTARIO--(Marketwire - Nov. 22, 2007) - Purepoint Uranium Group Inc. (TSX VENTURE:PTU) has now released its interim financial statements for the nine months ended September 30, 2007.

"Purepoint continues to demonstrate a strong balance sheet with over $11.5 million of cash available to support our exploration efforts through to the end of next year" said Chris Frostad, President & CEO, Purepoint Uranium Group Inc. "We have made significant progress this year on our four highest priority projects, and we have identified a large number of very interesting drill targets to keep us busy this coming winter season".

Purepoint's first pass drill program at the Red Willow project concluded last month and assays are expected prior to year end. The exploratory drill program at the Hook Lake project is scheduled to conclude in December and new drill programs are set to commence again at the Turnor Lake and Red Willow projects in January.

Purepoint's September 30, 2007 financial statements can be viewed on Sedar or at http://www.purepoint.ca.

About Purepoint

Purepoint Uranium Group Inc. is focused on the precision exploration of more than 42 defined target areas on its seven 100% owned projects in the Canadian Athabasca Basin, and its two Basin projects joint ventured with Cameco Corporation and AREVA Resources Canada Inc. Established in the Basin well before the resurgence in uranium, Purepoint is actively advancing this 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