TSX-V: PUMA

Gold (Oz)

Major gold discovery in New Brunswick, Atlantic Canada

Puma controls thousands of hectares of easily accessible prime land covering the most prolific precious metals horizons in the rich BMC, including the Williams Brook property where prospecting and sampling resulted in a major gold discovery in 2020. This exciting discovery was confirmed by an intersection of 5.55 g/t Au over 50.15 meters during the maiden drill campaign of the summer 2021.

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PUMA EXPLORATION INC. (PUMA:TSX-V/PUXPF:OTCBB) is a Canadian-based mineral exploration company focusing its efforts on the discovery of precious metals orebodies in the famous Bathurst Mining Camp (BMC) in New Brunswick, home of more than 40 volcanogenic massive sulfides deposits.

Puma has been a major player in this prolific underexplored gold terrane for many years. The company was voted 2014 Prospector of the Year by the New Brunswick Prospectors and Developers Association.

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Backed by significant strategic investments and managed by experienced professionals, Puma is focused on generating maximum shareholder value through a strategy that incorporates acquisition, exploration, development and royalties.

Names from left to right:
Michel Fontaine, Laura Araneda, Réjean Gosselin, Richard Thibault, Marcel Robillard

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To unlock significant value from its copper portfolio while focusing on its Williams Brook Gold Project, Puma decided, in late 2020, to spin off its base metals assets into a new vehicle known as Melius Capital 3 Corp, a transaction evaluated at 3.5M$.

Puma will receive 12 million shares of Melius of which 6 million will be distributed to Puma shareholders. At the time of the listing on a Canadian exchange, Puma and its shareholders are expected in Q1 2021 to collectively hold 19.7% of the Melius issued and outstanding shares, a standalone copper-focused company.

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Guiding all of Puma’s exploration and development activities is a deep commitment to principles of sustainable development, social responsability and acceptability, transparency and good governance. Minimizing the environmental impacts of exploration has been a top priority since the company’s inception.

Furthermore Puma considers positive alliances with surrounding communities as a funfamental core value. On that specific matter, the company signed a MOU with the Pabineau First Nation to collaborate on mutually beneficial initiatives in mining exploration.

The company is sufficiently funded to execute the next phase of its exploration program including a second drilling campaign of 10,000 meters scheduled to begin later in 2021.

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TSX-V: PUMA

Gold (Oz)

175, Légaré road
Rimouski, Qc
Canada G5L 3B9
Phone: (418) 724-0901
Fax: (418) 722-0310