Mr. Jason Bagg reports

PURANIUM ENERGY ANNOUNCES SHARE CONSOLIDATION

Puranium Energy Ltd.'s board of directors has approved, and the company will be effecting, a share consolidation of its issued and outstanding common shares on a one postconsolidation common share for every two preconsolidation common shares. The resolution was approved by all directors of the company.

In relation to the consolidation, the company will be obtaining a new Cusip and ISIN. There is no name change or stock symbol change in connection with the consolidation. The consolidation is subject to the approval of the Canadian Securities Exchange.

The consolidation will reduce the number of outstanding common shares from 32,390,436 to approximately 16,195,218. The exercise price and the number of common shares issuable under any of the company's outstanding stock options will be proportionately adjusted to reflect the consolidation in accordance with the respective terms thereof. No fractional common shares will be issued pursuant to the consolidation. Any fractional share that is less than one-half of one postconsolidation common share will be cancelled, and any fractional share that is at least one-half of one postconsolidation common share will be rounded up to one whole postconsolidation common share.

About Puranium Energy Ltd.

Puranium is a Canadian resource exploration company focused on identifying and advancing energy-related opportunities. The company is listed on the Canadian Securities Exchange under the symbol UX and on the Frankfurt exchange under the symbol 2DK.

We seek Safe Harbor.