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Thursday, 02/23/2023 11:54:56 AM

Thursday, February 23, 2023 11:54:56 AM

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$PUMXF Puma Exploration Strategically Increases Its Land Holdings at the Williams Brook Gold Project

https://www.globenewswire.com/news-release/2023/02/23/2614617/0/en/Puma-Exploration-Strategically-Increases-Its-Land-Holdings-at-the-Williams-Brook-Gold-Project.html

RIMOUSKI, Quebec, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to report that it has staked another 105 claims (2,300 ha) contiguous to its Williams Brook South property that now totals 8,290 ha (see Figure 1). The newly staked claims have seen very little exploration in the past. Still, they are highly prospective for gold mineralization as they exhibit the same geology as the Lynx Gold Zone.

Figure 1: Puma's assets in Northern New Brunswick

https://www.globenewswire.com/NewsRoom/AttachmentNg/80f104be-b288-4bd6-996e-6446c9928e88

Puma continues to secure land to increase the size of its Williams Brook Gold Project, which includes the flagship Williams Brook property, as well as the Williams Brook South, Jonpol, Portage, and Jacquet River properties. "These new land additions further consolidate our extensive ground position and increase our overall footprint in Northern New Brunswick. Puma now controls 100% of 50,000 ha of highly prospective and underexplored assets in what is now recognized as an emerging Gold District. We are committed to building a gold camp at Williams Brook project, and we'll continue to seize every opportunity to acquire ground that could increase our gold inventory," stated Marcel Robillard, President and CEO of Puma Exploration.

The new claims host felsic volcanic units in contact with sediments similar to the rocks that host the Lynx Gold Zone (see Figure 2). Very little fieldwork has ever been conducted on the new claims. Puma will proceed with detailed data compilation before applying its successful exploration method to the area.

Figure 2: Felsic volcanic units covered by the new claims

https://www.globenewswire.com/NewsRoom/AttachmentNg/8e8112f1-f556-4d71-936b-ce3ce8bdbb05

UPCOMING GOLD INVESTOR EVENTS

Puma invites shareholders and interested parties to stop by the booth, attend a presentation, or schedule a meeting at the upcoming conferences to discuss the Company's recent news and proposed developments:

Prospector and Developers Association Conference (PDAC) in Toronto
Booth IE2152
March 5-8, 2023
www.pdac.ca/convention
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