Pure Energy Announces Changes to Management

Company Leadership Changes - Pure Energy Minerals Limited has appointed Mr. William Morton as President and Chief Executive Officer, effective immediately, bringing over 30 years of executive leadership experience in private equity and clean energy infrastructure [1][2] - Mr. Joseph Mullin has resigned from his position as President and CEO as well as from the Board of Directors to pursue a new opportunity, with the Board expressing gratitude for his leadership during a challenging lithium industry market [2] Incentive Share Purchase Options - The Board of Directors has granted Mr. Morton 364,228 incentive share purchase options, allowing him to acquire common shares at an exercise price of $0.30 per share until November 20, 2030 [2] - Following this grant, the total number of options granted by the Company is now 2,794,500, representing 8% of the Company's outstanding shares [2] Company Overview - Pure Energy Minerals is focused on lithium resource development, particularly at its Clayton Valley Project in Nevada, where it has consolidated land for exploration and development [3] - The Company has an Earn-In Agreement with Schlumberger Technology Corp., allowing Schlumberger to acquire all of the Company's interests in the Clayton Valley Project [3]