FOR IMMEDIATE RELEASE
Purepoint Uranium Group Inc: Stakes property adjacent to Red Willow
discovery
Toronto, January 9, 2008 - Purepoint Uranium Group
Inc. (TSX:PTU.V) is pleased to announce that is has acquired by staking
approximately 3,000 hectares of property adjacent to the northern boundary of
its 100% owned Red Willow project in the Athabasca Basin. The new claim
immediately adjoins the recently discovered Q Conductor uranium zone at Red
Willow. Purepoint believes that the structure hosting this zone extends into
the area of this new claim.
Purepoint reported last month the discovery of a wide mineralized
structure in the Q Conductor Zone at Red Willow, with the final drill hole of
this fall's first pass program returning an average grade of 0.20% U3O8 over
5.8 metres, including 1.01% U3O8 over 0.1 meters, starting at a depth of only
71 metres. A drill has been re-mobilized and commencement of the follow up
program is expected to commence next week.
"Approximately 500 metres to the east of our discovery hole, the
Q Conductor appears to cross our claim line, fold back and then re-enter our
property" said Scott Frostad, Vice President Exploration, Purepoint
Uranium Group Inc. "With
this acquisition, we can now properly explore the entire conductor for higher
grades".
The Red Willow project
adjoins AREVA Resource Canada Inc.'s claim group that contains the JEB, Sue,
McClean and Caribou deposits to the west and, to the south adjoins UEX's
Hidden Bay project that surrounds the Rabbit Lake, Collins Bay and Eagle
Point deposits.
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.
Scott Frostad BSc, MASc,
PGeo, Purepoint's Vice President, Exploration, is the Qualified Person responsible for
technical content of this release.
THE TSX VENTURE EXCHANGE
HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
For further
information please contact:
Purepoint Uranium
Group Inc.
Chris Frostad, President and CEO
(416) 603-8368
www.purepoint.ca
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