Pure Resources Limited provided an update on exploration activities across the Company's pro ject portfolio. While the Company awaits outstanding results from rock chip sampling completed at the Laforge Project (Quebec), and drilling results for the Mount Monger and Yandal projects, planning has begun for the next phases of exploration. The Laforge Project.

The Company recently completed mapping and rock chip sampling program across the Laforge Project and is expecting the results from 240 rock chips samples within 2-we weeks. Of the 240 rock chip samples, 41 samples were identified as pegmatitic and three samples contained visual spodumene and fluoresced under ultraviolet light. Due to the extensive snow cover over the Project, the field team covered less than 5% of the 270km2 project area and focused their efforts on windswept, outcropping areas to sample rock types prospective for lithium, as well as gold and base metals.

Pure has engaged Apex Geoscience Ltd. to expand the initial reconnaissance program with a significant field program, followed by drilling, to be completed during the year. The use of ultraviolet light is a qualitative technique used to identify certain minerals that fluoresce when exposed to an ultraviolet light source. Spodumene and scheelite are two common minerals that may exhibit fluorescence, however, further mineralogical studies are required to verify the mineralogy of the samples.

The Yundamindra Project. During September 2022, 1,171 auger drillholes were completed at the Yundamindra Project to systematically test for nickel anomalism over E39/22513. The results from the auger campaign highlighted a contiguous geochemical anomaly with multiple results >1% Ni and a peak assay of 1.38% Ni.

The Project shares the same rock types and sits directly south, along strike, from the Eucalyptus Bore Ni-Co Project which has an Ore Reserve of 32.2 Mt @ 0.91% Ni & 0.06% Co. The Company has received departmental and Native Title approval to complete up.