Purebase Eliminates Existing Liabilities in Debt Conversion

Sutter Creek, CA, May 13, 2026 (GLOBE NEWSWIRE) -- Purebase Corporation (OTCQB:PUBC), (“Purebase” or the “Company”), is pleased to announce it has eliminated $1,467,828.11 of liabilities through a Debt for Equity Exchange with the existing noteholder into 72,837,839 shares of the borrowers' common stock, at the conversion price of 0.020152. The party converting the debt is CoreTer LLC, a Nevada-based and privately held mining company also owned by A. Scott Dockter, the CEO of Purebase Corporation.