Purepoint Uranium Reports 73,100 CPS Peak within 17,700 CPS Average over 1.8 Metres at Nova Discovery

Executive Summary of April 14, 2026 Release

• Event: Completion of winter 2026 drill program at the Nova Discovery (Dorado Joint Venture Project).
• Key Metric: Radioactivity readings peaked at 73,100 CPS with an average of 17,700 CPS over 1.8 metres in hole NV26-05.
• Geological Extension: The program extended the associated geologic contact to a strike length of one kilometer.
• Status: Mineralization remains open along strike, at depth, and at the unconformity.
• Assay Status: Assays for the winter 2026 program are currently pending; previous assays (Sept 2025) confirmed grades up to 8.1% U3O8.
• Future Work: Regional drilling scheduled to resume in late June 2026; Airborne MobileMT survey planned for spring.

Evaluation of News Significance

• Incremental vs. Transformative: The news is classified as Routine - Positive because it fulfills expectations set by the January 2026 drilling announcement. It confirms operational progress rather than introducing a new discovery or financial milestone.
• Assay Dependency: While CPS (Counts Per Second) readings are high, final uranium grades remain pending. In exploration-stage companies, valuation is heavily tied to assay confirmation; without this, the market may view radioactivity as speculative until verified by lab results.
• Strike Length Validation: Extending the geologic contact to one kilometer is a positive technical development that increases the potential resource size, but it does not immediately alter cash flow projections or financing needs.

Corporate Structure

• Entity: Purepoint Uranium Group Inc. (TSX Venture: PTU).
• Flagship Project: Dorado Joint Venture (50/50 with IsoEnergy Ltd.).
• Location: Athabasca Basin, Saskatchewan, Canada.
• Project Focus: High-grade uranium exploration targeting unconformity-style deposits similar to the nearby Hurricane deposit and Eagle Point.