Purepoint Uranium Group Inc.
TSX VENTURE : PTU

Purepoint Uranium Group Inc.

March 04, 2008 12:31 ET

Purepoint Uranium Group Inc.: Responds to United Uranium's Claims

TORONTO, ONTARIO--(Marketwire - March 4, 2008) - In response to a press release issued by United Uranium Corp. on February 28, 2008, Purepoint Uranium Group Inc. (TSX VENTURE:PTU) today confirmed its position that United Uranium' claim for joint ownership of a small boundary extension property recently staked by Purepoint is without merit and will be vigorously defended.

Specifically, Chris Frostad, President & CEO of Purepoint stated that "we view this claim as nothing more than an opportunistic attempt to capitalize upon Purepoint's recent drilling success at its nearby Red Willow Project. Purepoint staked a small portion of a larger property dropped by United Uranium in 2007. United Uranium's claim for joint ownership did not surface until after Purepoint announced the discovery of uranium on the adjoining Red Willow Project."

This action does not call into question Purepoint's title to any of its historical properties, including its 100% owned Red Willow Project, nor does it affect any of Purepoint's planned exploration programs.

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.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

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