Puma Exploration Completes Its Winter Drilling Program and Outlines Its Summer Field Exploration Program at Williams Brook - Seite 2

Following the Company’s demonstrated success, Puma will employ the same approach to identify potential targets: prospecting, soil sampling, trenching and stripping. This proven discovery method will identify new drilling targets for the fall and winter of 2022-2023. Puma has already begun stripping the WB2 Gold Trend (see Picture 2) to extend and confirm the mineralization found by a previous operator. Historical results, from Blue Note Mining’s work in 2008, include grab samples grading up to 5.4 g/t Au and drilling intersections of 23 metres of 1.05 g/t Au within a lower grade envelope of 0.52 g/t Au over 55 metres (WB08-03), 0.67g/t Au over 41 metres (WB08-04) and 0.21g/t Au over 64 metres (WB08-05). With only limited exploration work conducted on the WB2 to date, Puma will employ its systematic discovery tool to extend this gold zone.

Picture 2: Current stripping operation at the WB2 Gold trend.

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HIGH POTENTIAL EXPLORATION MODEL

Puma’s surface and near-surface drilling results indicate that a large epithermal/orogenic system is possible at Williams Brook. Gold mineralization at the O’Neil Gold Trend is characterized by significant high-grade gold intercepts within a lower-grade envelope. This gold mineralization is interpreted to be the surface expression of a large and pervasive supergene gold enrichment in a low to mid sulphidation epithermal quartz sulphide system (Figure 2). The O’Neil Gold Trend could host one of these multi-kilometric systems that are highly prospective for gold discoveries.

Figure 2: Potential large gold system at Williams Brook Gold Project

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QUALIFIED PERSON
Dominique Gagné, PGeo, a qualified person as defined by Canadian National Instrument 43-101 standards, has reviewed and approved the geological information reported in this news release.

ABOUT PUMA EXPLORATION
Puma Exploration is a Canadian-based mineral exploration company with precious metals projects located near the Famous Bathurst Mining Camp (BMC) in New Brunswick, Canada. The Company is committed to its DEAR strategy (Development, Exploration, Acquisition and Royalties) to generate maximum value for shareholders with low share dilution.

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