Purepoint Reports Strong Radioactivity at Q24 Target in Dorado Project

Purepoint Uranium Group Inc has announced significant results from the first drill hole at the Q24 target within the Dorado Project, located in Saskatchewan's Athabasca Basin. The company reported that drill hole PG26-11 intersected 7.4 meters averaging 8,760 counts per second (cps) across the unconformity, including 0.5 meters averaging 38,710 cps. The radioactive interval is found within strongly altered and structurally disrupted basement rocks, which are characteristic of the Athabasca Basin.

Chris Frostad, President & CEO of Purepoint, commented, "The first hole at Q24 delivered exactly what we look for in this part of the Athabasca Basin; strong radioactivity at the unconformity, significant alteration, structural disruption, and graphitic basement rocks. These geological features have guided uranium exploration in this district for decades, and seeing them come together in the first hole at a new target area is really encouraging."

The radioactive interval at Q24 is separate from both the Nova and Q23 targets, offering an important new area for follow-up drilling. The hole encountered sericite, clay, and chlorite altered pelitic gneiss from the unconformity to a depth of 318 meters. A second radioactive interval, just below the chalcopyrite veining, averaged 1,010 cps over 6.2 meters. Pyritic graphitic pelitic gneiss, with chlorite alteration and local fault breccia, was drilled from 318 to 343 meters, then unaltered pelitic gneiss to a final depth of 551 meters.

At the Q23 target, the company's PG26-10 drill hole returned several intervals of elevated radioactivity, including 0.8 meters averaging 1,000 cps from 292.0 to 292.8 meters, 1.2 meters averaging 1,030 cps from 339.5 to 340.7 meters, and 1.7 meters averaging 660 cps from 349.4 to 350.8 meters. The hole also encountered significant desilicification and broken core in the lower sandstone, together with altered basement rocks.

The 2026 summer drill program completed 3,669 meters of drilling across the Nova, Q23, and Q24 target areas. The program tested multiple geological and geophysical settings, with radioactivity encountered at more than one target, reinforcing the joint venture's strategy of systematically evaluating multiple prospective corridors across the project. The first-pass Q24 result, together with the Q23 results and the broader geological information collected during the program, will be integrated with the final MobileMT structural interpretations to establish priorities for the 2027 exploration program.

The Dorado Project, operated by Purepoint under a 50/50 joint venture with IsoEnergy Ltd, covers prospective structural corridors considered favorable for unconformity-related uranium mineralization. The property hosts the Nova Discovery, where previous drilling returned assays of up to 8.1% U3O8 over 0.4 meters within 1.62% U3O8 over 2.1 meters. Uranium mineralization has been identified along a prospective structural corridor extending approximately one kilometer and is associated with intense alteration, structural disruption, and graphitic basement rocks.

Exploration at Dorado is focused on advancing the Nova Discovery while systematically evaluating additional priority targets across the project's prospective structural and conductive corridors, including Q23 and Q24. The company's strategy of advancing projects through partnerships with leading uranium companies allows Purepoint to leverage technical expertise and partner funding while maintaining meaningful exposure to discovery success.