A COMPELLING EXPLORATION ADVANTAGE: INVESTING IN CANADA'S URANIUM EXPLORATION

TSXV: PTU | OTCQB: PTUUF

Q2 2024

Forward Looking Statements

Disclaimer

The general information set out in this presentation regarding the uranium market, including but not limited to, the demand and supply of uranium, historical events that affected uranium pricing, the global state of the uranium market and other related information, is provided solely for readers' general knowledge and is provided "as is". Purepoint does not warrant or make any representations concerning the accuracy, likely results or reliability of the use of such information. The information provided herein is not intended to be a comprehensive review of all matters and developments concerning the uranium market, and Purepoint assumes no responsibility as to its completeness or accuracy. Furthermore, the information set forth herein in no way shall be construed or interpreted as, or as part of, an offering or solicitation of securities. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by Purepoint to that effect.

Caution about Forward-Looking Information

This presentation contains certain forward-looking information and statements regarding the current internal projections, expectations and beliefs of Purepoint as of November 2018 about the future uranium pricing and its potential effect on the uranium equity market based on our uranium price sensitivity analysis and investment thesis. These statements are based on a number of material assumptions including but not limited to, the continuing decline of future global uranium supply, the continuing steadiness of future global uranium demand, the pricing inelasticity with respect to the uranium spot price in relation to the demand and consumption of uranium, future trend of uranium spot price and future patterns of long term contract negotiations. These material assumptions may prove to be incorrect, and the actual results and events may be significantly different from what we currently expect. The forward- looking information set forth herein is designed to help you understand the management's current views of our near and longer-term prospective with respect to the uranium market in general, and it may not be appropriate for other purposes. We will not necessarily update this information unless we are required to by applicable securities law.

Limitation of Liability

Purepoint is not liable for any direct, indirect, special, incidental or consequential damages arising out of the use of - or the inability to sue - the information set forth in this presentation, whether based on breach of contract, breach of warranty, tort (including negligence) or otherwise. This includes but is not limited to the loss of profit, litigation or due to business interruption, even if Purepoint or any of its authorized representatives was advised of the possibility of such damages. The negation of damages set forth above are fundamental elements of the basis of the agreement between Purepoint and the readers of this presentation. This presentation would not be provided without such limitations.

Qualified Person

Scott Frostad BSc, MASc, PGeo, Purepoint's Vice President, Exploration, is the Qualified Person responsible for technical content of this presentation.

TSXV: PTU | OTCQB: PTUUF

2

Share Price Change Since Dec 1, 2022

(5 Day Rolling Average)

Incentive U price required for new uranium production

CAPITAL STRUCTURE

Fully funded for upcoming exploration schedule

TSX Venture: PTU | OTCQB: PTUUF

Market Capitalization ($Cdn as of April 1, 2024)

$25.04mm

52 Week Range

$0.075 - $0.03

Shares Outstanding

500.72 mm

Options (@$0.08 weighted avg.)

49.20 mm

Warrants (@$0.10 weighted avg.)

140.88 mm

Shares Fully Diluted

690.80 mm

Insider Ownership

~9%

Institutional Ownership

~38%

Cash on Hand

~$4.00 million

The market continues to anticipate a significant increase in uranium prices, primarily driven by the dynamics of supply and demand.

The changing dynamics of the energy landscape and the increased interest in nuclear power globally have contributed to a resurgence of investment in this sector, making it an attractive investment opportunity for those seeking exposure to the energy sector.

TSXV: PTU | OTCQB: PTUUF

3

DEEP PORTFOLIO OF ADVANCED DRILL READY PROJECTS

Highly prospective projects

Joint Ventures

• Hook Lake Project

(28,598 hectares)

• Smart Lake Project

(9,860 hectares)

TSXV: PTU | OTCQB: PTUUF

Since 2002, Purepoint has acquired and explored over 500,000 hectares of property across the Athabasca Basin, quickly and efficiently releasing those demonstrating the fewest prospects.

What remains is a collection of well understood projects with dozens of clearly defined, uranium bearing targets that have been safely maintained in order to maximize their value during the current uranium price revival

100% Owned

Seven projects

183,965 hectares

Eastern Athabasca Basin Mine Belt

4

TSXV: PTU | OTCQB: PTUUF

DEEP PORTFOLIO OF ADVANCED DRILL READY PROJECTS

Nine highly prospective projects

5

Joint Venture Breakdown

  • Cameco: 39.5%
  • Orano: 39.5%
  • Purepoint: 21.0%
  • As the operator, Purepoint earns a 10% management fee

TSXV: PTU | OTCQB: PTUUF

HOOK LAKE JV

Cameco | Orano | Purepoint

Next Steps

  • Follow-updrill program at Carter Corridor for 2024 winter program
  • The 25-kilometre strike length of the Carter structural/conductive corridor is almost entirely located within the Hook Lake JV project

6

Purepoint's Spitfire Discovery

  • Resource not defined
  • Results include 10.3% U3O8 over 10.0 metres

NexGen's Arrow Deposit

  • 2018 PFS
  • Indicated Resource
  • 256,600,000 lbs U3O8
  • Avg Grade 4.03% U3O8

Fission's Triple R Deposit

  • 2022 Resource Est.
  • Indicated Resource
  • 114,900,000 lbs U3O8
  • Avg Grade 1.94% U3O8

TSXV: PTU | OTCQB: PTUUF

HOOK LAKE JV

Cameco | Orano | Purepoint

.

.

.

.

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Carter Corridor

  • 25km band of graphitic conductors
  • Ideal Rock Type
  • Extremely close to hydrothermal heat source (Clearwater Domain)
  • Complex, long-lived faulting pattern

Last 12 Months

  • 8,042m across 10 holes
  • 5-800mstep outs

testing just over 5 km so far

  • 2024 Identification of the Lightning Zone

TSXV: PTU | OTCQB: PTUUF

Clearwater

Domain

Carter Corridor

Lightning

Zone

2023/2024

Drilling

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  • Diamond drill hole CRT23-05 returned
    0.08% U3O8 (671 ppm U) over 0.4 metres (319.1 to 319.5m) from a 15 metre graphitic shear zone (318 to 333m) below the unconformity (283m)
  • In addition, the CRT23-05 mineralization was found to be surrounded by a significant boron halo returning greater than 800 ppm B over 35 metres (305-340m)

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TSXV: PTU | OTCQB: PTUUF

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Location Map of 2023 Drill Program

!H H! Purepoint Drill Holes - 2023 / pre 2023

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EM Conductors

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A Ground EM Anomaly

Airborne EM Anomaly

(! Uranium Mineralization

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Nad83 / Zone 12N

Purepoint Uranium Group Inc.

9

2024: Discovery of the Lightning Zone

  • CRT24-10intersected a 13 m wide zone of altered brecciation and shearing that returned 0.29% U3O8 over 0.9 metres (at a true vertical depth of 375 metres), including 0.68% U3O8 over 0.3 metre.
  • CRT24-08A,a 200 metre step out from CRT23-05 towards the northeast, encountered a 28 metre wide graphitic shear zone with clay alteration and local brecciation between 330 and 358 metres. Mineralization was intersected within a breccia zone that returned peak radioactivity of 7,370 cps and averaged 2,760 cps over 1.4 metres.
  • All the 2024 drill holes were collared northeast of CRT23-05 that intersected 0.08% U3O8 over 0.4 metres within a 15 metre wide graphitic shear zone with local brecciation and intense clay alteration.

TSXV: PTU | OTCQB: PTUUF

10

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Disclaimer

Purepoint Uranium Group Inc. published this content on 18 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 April 2024 11:29:04 UTC.