Purepoint Uranium Announces Grant of Restricted Share Units

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Purepoint Uranium (TSXV: PTU / OTCQB: PTUUF) approved the issuance of 2,000,000 restricted share units (RSUs) to its directors under its Omnibus Equity Incentive Compensation Plan on April 20, 2026. Each RSU converts to one common share upon vesting.

The RSUs vest one year from grant and expire on December 28, 2029.

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Toronto, Ontario--(Newsfile Corp. - April 20, 2026) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") approved the issuance of 2,000,000 restricted share units ("RSUs") to its directors pursuant to the Company's Omnibus Equity Incentive Compensation Plan. The RSUs will vest on the date that is one year from the date of grant and will expire on December 28, 2029. Each RSU represents the right to receive, upon vesting, one common share of the Company.

About Purepoint Uranium Group Inc.

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) is a focused explorer with a dynamic portfolio of advanced projects within the renowned Athabasca Basin in Canada. Highly prospective uranium projects are actively operated on behalf of partnerships with industry leaders including Cameco Corporation, Orano Canada Inc. and IsoEnergy Ltd.

Additionally, the Company holds a promising VHMS project currently optioned to and strategically positioned adjacent to and on trend with Foran Corporation's McIlvenna Bay project. Through a robust and proactive exploration strategy, the Company is solidifying its position as a leading explorer in one of the globe's most significant uranium districts.

For further information, please contact:

Chris Frostad, President and CEO
Phone: (416) 603-8368
Email: cfrostad@purepoint.ca

For additional information please visit our new website at https://purepoint.ca, our Twitter feed: @PurepointU3O8 or our LinkedIn page @Purepoint-Uranium.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293449

FAQ

What did Purepoint Uranium (PTUUF) announce on April 20, 2026 about RSUs?

Purepoint approved 2,000,000 RSUs to directors under its Omnibus plan, vesting one year from grant. According to the company, each RSU converts to one common share upon vesting and the awards expire on December 28, 2029.

When will the 2,000,000 RSUs granted by Purepoint (PTUUF) vest and expire?

The RSUs will vest exactly one year from the grant date and expire on December 28, 2029. According to the company, directors receive one common share per RSU upon vesting, subject to the plan terms.

How many common shares will directors receive if Purepoint's (PTUUF) RSUs fully vest?

If all RSUs vest, directors would receive 2,000,000 common shares, one per RSU. According to the company, vesting occurs one year after grant and conversion is subject to the Omnibus Equity Incentive Compensation Plan.

What plan governs the RSU grant by Purepoint Uranium (PTUUF) and who are the recipients?

The grants are made under the company's Omnibus Equity Incentive Compensation Plan and were approved for the company's directors. According to the company, the RSUs entitle recipients to one share per RSU upon vesting.