Purepoint and IsoEnergy Joint Venture Approves 2026 Program to Advance the Nova Discovery at the Dorado Project

The December 4, 2025, news release announces that the Purepoint and IsoEnergy Joint Venture (JV) has approved an expanded exploration program for 2026 at the Dorado Project. The program is designed to follow up on the successful 2025 Nova Discovery.

Key details of the 2026 program include: - A total of 7,450 metres of drilling across 17 holes. - A winter campaign (Jan-Mar 2026) of 4,300 metres in 10 holes, focused on expanding the Nova Discovery with step-outs to the northeast. - A summer campaign (Jul-Aug 2026) of 3,150 metres in 7 holes, testing other district-scale targets. - An Airborne Magnetotellurics (MT) survey to be conducted in late winter or spring 2026 over multiple grids.

The release reiterates the significance of the 2025 drill results, highlighting hole PG25-07A which intersected 2.1 metres of 1.6% U3O8, including a higher-grade interval of 0.4 metres of 8.1% U3O8.

The news is a material and positive development. It provides a clear, funded roadmap for advancing the company's most critical asset, the Nova Discovery at the Dorado Project. Following the high-grade discovery intercepts announced in August and September 2025, the market was anticipating a follow-up plan. This news formalizes that plan, confirming a substantial two-phase drill program and geophysical survey for 2026.

The timeline of the Dorado discovery is key to understanding this news: - July 8, 2025: Initial high radioactivity hits (up to 79,800 cps) announced at the Q48 target, sparking significant market interest. - July 23, 2025: A 70-metre step-out hole extends mineralization and hits even higher radioactivity (peak 110,800 cps), confirming the "Nova Discovery." - August 6, 2025: Initial assays confirm high-grade uranium (up to 5.4% U3O8). - September 18, 2025: Final assays from the best hole returned 2.1 metres of 1.62% U3O8, including an exceptionally high-grade 0.4 metres of 8.13% U3O8.

The current announcement is the logical and necessary next step. Its materiality stems from: 1. Confirmation of Intent: It demonstrates a strong commitment from the 50/50 JV partner, IsoEnergy, to aggressively explore the discovery. 2. De-risking the Timeline: It lays out a clear exploration plan for the next year, removing uncertainty about the "what's next" for the company's flagship project. 3. Strategic Focus: The plan to step-out to the northeast, where mineralization remains open, is the correct geological strategy to expand a potential deposit.

While the news confirms expectations rather than providing new discovery results, its importance should not be understated. The stock ran from $0.18 in May to a high of $0.85 in October on the back of the discovery. It has since corrected to $0.50. This announcement provides fundamental support at these levels and sets the stage for the next major catalyst: the winter 2026 drill results. The market has rewarded the discovery; now it will wait for the company to demonstrate its scale.

Purepoint Uranium Group Inc. is a Canadian-based uranium exploration company focused on the Athabasca Basin of Saskatchewan. The company operates through a joint venture model, partnering with major industry players like IsoEnergy, Cameco, and Orano.

The company's flagship project is the Dorado Project, a 50/50 joint venture with IsoEnergy Ltd. The project gained significant attention in the summer of 2025 with the high-grade basement-hosted Nova Discovery. Drilling returned intercepts including 0.4 metres of 8.13% U3O8, establishing it as the company's primary focus for near-term exploration and value creation. The project is strategically located along the Larocque trend, which also hosts IsoEnergy's high-grade Hurricane deposit.