The Board of Pure Minerals Limited announced it has entered into a binding option agreement with Queensland Pacific Metals Pty Ltd. and the shareholders of QPM to acquire 100% of the issued capital in QPM. At settlement of the Acquisition Mr. John Downie will be appointed to the PM1 Board. Mr. Downie has extensive international, corporate and project experience with a career spanning over 30 years. He has held roles of Director of Mines, General Manager, Operations Manager, Chairman, President and CEO for various resource related companies including Inco, Rothschilds, Barrack Mines, Alcoa of Australia, Boral Resources, Goldminex and Austpac Resources.