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Pure Energy Minerals Limited Receives Drill Permit at Alkali Flats Lithium Prospect

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Pure Energy Minerals Limited (PE.V) today provided the following update on recent events in Esmeralda County. Nevada. The Company's operator, GeoXplor Corp., has received a drilling permit and is initiating preparations to drill the first exploration well at the Alkali Flats lithium prospect. Pure Energy intends to utilize this drill program as a first step towards a resource classification of the brine. Geophysical survey work has identified a closed basin and confirmed conductors that are thought to be representative of lithium bearing brine present in the basin.

Through recent staking, Pure Energy now holds the rights to acquire about 7000 acres in the Montezuma Valley adjacent to Clayton Valley. Clayton Valley is home to the Silver Peak Lithium mine owned by Rockwood Lithium, the only lithium brine producer in the United States.

Pure Energy opened at new yr low of 2.5 cents.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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