Mr. Peter Berdusco reports

PURECORE PROVIDES CORPORATE UPDATE HIGHLIGHTING EXECUTION ACROSS URANIUM, COPPER AND CAPITAL MARKETS

Purecore Metals Inc. has provided a corporate update highlighting progress since its common shares commenced trading on the Canadian Securities Exchange on May 15, 2026.

In just over three months, Purecore has expanded into the Athabasca basin, advanced exploration at its wholly owned Bankier property in the Quesnel terrane, completed a $1.5-million financing, strengthened its technical and strategic advisory team, and expanded investor access into European and U.S. markets.

The company also entered into a definitive agreement with Skyharbour Resources Ltd. providing Purecore an option to earn an up-to-100-per-cent interest in the 35,029-hectare Yurchison uranium property in Northern Saskatchewan.

Peter Berdusco, president and chief executive officer of Purecore, commented: "Since listing in May, we have moved quickly to execute our strategy. We have secured capital, expanded into the Athabasca basin, advanced our copper-focused exploration in Quesnel terrane, strengthened our advisory team, and established trading access in Canada, Europe and the United States.

"Ten significant milestones in roughly three months reflects the pace we intend to maintain. Our strategy remains simple: two commodities, one demand curve -- uranium and copper positioned against the long-term growth in global electricity demand."

Market context:

• Purecore believes the outlook for both uranium and copper continues to strengthen.
• Major financial institutions remain bullish on uranium. Bank of America forecasts uranium to average $130 per pound in 2027.
• Sprott Asset Management has also described uranium as being "on the cusp of a new contracting cycle" as utilities face growing requirements to secure long-term supply.
• Copper has meanwhile reached record price levels in 2026 as constrained supply, infrastructure investment and accelerating global power demand continue to support the market.
• Purecore believes these trends reinforce the long-term rationale behind its uranium and copper strategy -- two commodities, one demand curve.

Please see links below for market sources.

Technical and strategic leadership

Purecore has appointed three senior technical and strategic advisers:

• Dr. Ted Rygas -- technical adviser: chemical engineer and nuclear technology specialist with more than 30 years of experience in separation science, isotope separation and purification technologies; Dr. Rygas previously contributed to Cameco's Crisla uranium isotope separation program;
• Dr. Dennis LaPoint - technical adviser: geologist with more than 45 years of mineral exploration experience across uranium, copper, and precious and base metals; Dr. LaPoint also serves as an independent qualified person for Yurchison;
• Jordan Trimble -- strategic adviser: president and chief executive officer of Skyharbour Resources, bringing significant experience in uranium exploration, project generation, capital markets and the Athabasca basin.

Yurchison uranium property -- Saskatchewan

Purecore holds an option to earn an up-to-100-per-cent interest in the Yurchison uranium property under a definitive agreement with Skyharbour Resources.

Yurchison comprises 22 claims covering approximately 35,029 hectares in Northern Saskatchewan, approximately 75 kilometres south of Cameco Corp.'s Rabbit Lake operation, with Highway 905 crossing the property.

Historical exploration included geophysics, prospecting, mapping, geochemical sampling and drilling, much of it completed prior to 2000. Historical prospecting near old trenches returned uranium values ranging from 0.09 per cent to 0.30 per cent triuranium octoxide and molybdenum values ranging from 2,500 to 6,400 parts per million.

Purecore intends to advance staged exploration at Yurchison.

Bankier property -- British Columbia

Purecore owns a 100-per-cent interest in the Bankier property, located approximately 22 kilometres west of Peachland within British Columbia's Quesnel terrane, and 20 km south of the historical Brenda copper-molybdenum mine.

Bankier hosts multielement MMI anomalies, including copper, molybdenum, gold and uranium. Phase 1 field exploration was completed in July, 2026, and Purecore is integrating historical geological, geochemical and geophysical data to refine future exploration targets.

Capital market and capital structure

Purecore closed a $1.5-million non-brokered private placement on July 6, 2026, issuing 1.5 million units at $1 per unit. Each unit consisted of one common share and one transferable warrant exercisable at $2 for three years.

Purecore currently has 15,305,047 common shares issued and outstanding.

The company's shares now trade across three markets:

• CSE: PURE -- Canadian Securities Exchange;
• FSE: J8Y -- Frankfurt Stock Exchange;
• OTCQB: PPURF -- OTCQB Venture Market, United States.

The Frankfurt and OTCQB listings expanded access to Purecore shares without the issuance of additional common shares.

Market sources:

• Bank of America -- Uranium Forecast, Aug. 6, 2026: BofA Raises Uranium Price Forecast, Sees 50% Gain by 2027;
• Sprott -- Uranium Report, August, 2026: Uranium is on the Cusp of a New Contracting Cycle;
• Sprott -- Copper Report, August, 2026: Copper at Record Highs: Structural Demand Meets Constrained Supply.

Qualified person

The scientific and technical information in this news release has been reviewed and approved by Dr. Lapoint, PGeo, an independent qualified person as defined under National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

About Purecore Metals Inc.

Purecore is a Canadian critical mineral company building a uranium and copper portfolio positioned around the long-term expansion of global electricity demand.

The company is pursuing opportunities across resource discovery and advanced technology focused on the materials required to support nuclear power, artificial intelligence, data centres and expanding global electrical infrastructure.

We seek Safe Harbor.