Pure Energy Minerals Announces Non-Brokered Private Placement for up to $1.5 Million

PURE ENERGY MINERALS LIMITED

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

PURE ENERGY MINERALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FOR UP TO $1.5 MILLION

November 20, 2014, Vancouver, BC – Pure Energy Minerals Limited (the “Company”) (TSX-V: PE) announces that it will, subject to a regulatory approval, conduct a non-brokered private placement (the “Private Placement”) of units (each a “Unit”) of the Company at a price of $0.20 per Unit to raise gross proceeds of up to $1,500,000. Each Unit will consist of one common share of the Company and one transferable share purchase warrant (a “Warrant”). Each Warrant shall be exercisable to acquire one additional common share of the Company for a period of 18 months at a price of $0.30 per common share.

The Private Placement is subject to TSX Venture Exchange (the “Exchange”) approval. All securities issued under the Private Placement will be subject to a four-month hold period from the date of issuance.

The Company may pay a finder’s fee of up to 6% cash commission and 3% finder's warrants having the same terms as the Warrants, in accordance with Exchange policies and applicable securities legislation. The proceeds of the Private Placement will be used for additional exploration on the Company’s lithium brine properties located in Esmeralda County, Nevada 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.