Purepoint Uranium Group Inc.: Q3 Interim Financial Statements

"Purepoint continues to demonstrate a strong balance sheetwith over $11.5 million of cash available to support ourexploration efforts through to the end of next year" saidChris Frostad, President & CEO, Purepoint Uranium GroupInc. "We have made significant progress this year on ourfour highest priority projects, and we have identified alarge number of very interesting drill targets to keep usbusy this coming winter season".

Purepoint's first pass drill program at the Red Willow projectconcluded last month and assays are expected prior to yearend. The exploratory drill program at the Hook Lake projectis scheduled to conclude in December and new drill programsare set to commence again at the Turnor Lake and Red Willowprojects in January.

Purepoint's September 30, 2007 financial statements canbe viewed on Sedar or at .

About Purepoint

Purepoint Uranium Group Inc. is focused on the precisionexploration of more than 42 defined target areas on itsseven 100% owned projects in the Canadian Athabasca Basin,and its two Basin projects joint ventured with Cameco Corporationand AREVA Resources Canada Inc. Established in the Basinwell before the resurgence in uranium, Purepoint is activelyadvancing this large portfolio of multiple drill targetsin the world's richest uranium region.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPTRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.