Pure Energy Announces Completion of an Earn-In Transaction in Esmeralda County

About this update from Pure Energy Minerals Ltd.

Vancouver, British Columbia--(Newsfile Corp. - March 16, 2026) - Pure Energy Minerals Limited (TSXV: PE) (OTCQB: PEMIF) ("Pure Energy" or "the Company") is pleased to report the completion of an earn-in transaction relating to certain of the Company's 100%-owned lithium brine claims in Esmeralda County, Nevada (as described in a Company's news release dated May 1, 2019). Pure Energy had entered into an earn-In agreement that allowed for the design, permitting, development and construction of a state-of-the-art demonstration plant for Direct Lithium Extraction from lithium brines. As a result of the exercise, the Company has transferred ownership of its owned claims and Pure Energy will receive a 3% net smelter return ("NSR") royalty payable on all commodities extracted from claims that were directly owned by the Company, net of the advance royalty payments made to the Company. "The successful completion of this transaction is an important milestone for our Company," stated William Morton, President and CEO of Pure Energy. "This transaction marks the beginning of a new chapter for our Company. By retaining a 3% NSR royalty, we maintain exposure to the long-term upside of the project while strengthening our position to focus on new strategic directions and the next phase of our corporate evolution." About Pure Energy Pure Energy is a TSX Venture Exchange-listed mineral exploration company transitioned toward a new phase of corporate growth. Following the successful option-out of its CV Project, the Company is currently focused on the evaluation of new strategic prospects. The Company is committed to a disciplined acquisition strategy aimed to create long-term shareholder value. On behalf of the Board of Directors, "William Morton"President and CEO, Pure Energy Minerals Limited CONTACT: Pure Energy Minerals Limited (www.pureenergyminerals.com)Email: [email protected] - 604 608 6611 Cautionary Statements and Forward-Looking Information This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, fo...

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