Pure Energy Minerals Limited announced a management restructuring under which the board of directors is assuming day-to-day leadership of the Company for a period of time. Mr. Patrick Highsmith and Mr. Paul Zink have tendered their resignations from the Company as CEO and CFO, respectively, effective 31 October 2018. Mr. Highsmith will be pursuing other opportunities, but will remain a member of the Pure Energy board of directors.

Mr. Zink will continue to be engaged with the Company on a consulting basis as needed. Mr. Frank Wells, an independent director and chairman of the audit committee, has assumed the role of interim CFO for Pure Energy Minerals. Mr. Wells is a seasoned mining industry financial analyst and corporate officer.