Pure Energy Minerals Limited announced that it has acquired an option to purchase 100% interest in more than 13,000 hectares (32,000 acres) of prospective lithium brine exploitation concessions on the Pocitos Salar in Salta Province, Argentina. The Properties are located in the heart of Argentina’s lithium-rich Puna Region. Significant deposits of lithium in brine occur approximately 32 km (20 miles) north at Rincon Salar and approximately 90km (56 miles) south at Salar del Hombre Muerto. The Pocitos Salar is directly accessible by Salta Provincial Highway 17 and it enjoys excellent infrastructure, including a gas pipeline and rail line on the eastern edge of the salar and a high voltage power line only 30km to the north. Pure Energy has executed a binding letter of intent that defines the material terms and conditions of the Option. The full execution of the Option over the course of two years from the initial closing will entail payment of USD 4 million and issuance of up to 6 million common shares in the stock of the Company, upon which 100% interest in the Properties will be conveyed to Pure Energy. In conjunction with the receipt of a satisfactory title opinion on the Properties, the Company has made an initial payment in the amount of USD 25,000. Upon execution of the definitive agreement, the company will make an additional payment of USD 175,000. No further payments in cash or shares are due for 90 days from the date of closing.