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Purepoint Uranium Group Inc.: RYM Option Expires

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-23

TORONTO, ONTARIO--(MARKET WIRE)--Nov 22, 2007 -- Purepoint Uranium Group Inc. (CDNX: - ) announced todaythat RYM Capital Corp. has been delisted by the TSX VENTUREand accordingly the option agreement announced in a pressrelease on September 13, 2007 has expired. That option wouldhave allowed RYM to acquire a joint venture interest inPurepoint's Fire Eye and William River uranium projectsin Canada's Athabasca Basin.

"Purepoint remains of the view that the Fire Eye and WilliamRiver projects are highly significant and valuable assets"said Chris Frostad, President & Chief Executive Officerof Purepoint Uranium Group Inc. "The Company has recentlycompleted an additional airborne survey of the William Riverproperty and will continue to evaluate a number of alternativesfor the ongoing exploration and financing of both projectsin 2008."

About Purepoint

Purepoint Uranium Group Inc. is focused on the precisionexploration of more than 42 defined target areas on itsnine projects in the Canadian Athabasca Basin, includingits 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.

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