Pure Energy Minerals Limited Closes Second and Final Tranche of Non-Brokered Private Placement

#1780- 355 Burrard Street Vancouver, BC V6C 2G8 Tel: 604 608-6611 Fax: 604 608-6620

PURE ENERGY MINERALS LIMITED CLOSES SECOND AND FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

July 15, 2014, Vancouver, BC – Pure Energy Minerals Limited (the “Company”) (TSX-V: PE) is pleased to announce that it has closed the second tranche (the “Second Tranche”) of its non-brokered private placement of units (each a “Unit”) of the Company at a price of $0.10 per Unit, as previously announced in the Company’s news release of March 21, 2014 and May 21, 2014. Each Unit consists of one common share of the Company and one transferable share purchase warrant (a “Warrant”). Each Warrant is exercisable to acquire one additional common share of the Company for a period of three years at a price of $0.15 per common share. The Warrants will have an acceleration provision pursuant to which the term of the Warrants shall automatically be reduced to 30 business days in the event the closing weighted average price of the Company’s common shares is $0.35 or more for 21 consecutive trading days.

The Second Tranche consisted of 3,118,200 Units purchased at $0.10 per common share for gross proceeds of $311,820. In connection with closing the Second Tranche, the Company paid a cash finder’s fee of $2,233.70 and issued 22,337 warrants (the “Finder's Warrants”) to Canaccord Genuity Corp., a cash finder’s fee of $4,620 to Jordan Capital Markets Inc. and a cash finder’s fee of $1,015 and issued 10,150 Finder’s Warrants to Leede Financial Markets Inc. The securities issued under the Second Tranche are also subject to a four-month and a day hold period expiring November 15, 2014.

The proceeds of the Second Tranche will be used to the Company’s prospective lithium brine properties located in Esmeralda County, Nevada, USA and for general working capital.

ON BEHALF OF THE BOARD

PURE ENERGY MINERALS LIMITED

“Robert Mintak”

Chief Executive Officer

For further information contact:

Robert Mintak www.pureenergyminerals.com (604) 608-6611

We Seek Safe Harbour. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.