Puma Exploration

Puma Welcomes Kinross Gold as Strategic Investor to Explore and Develop the Williams Brook Project ⛏️ 🇨🇦 Puma Exploration is pleased to announce the execution on October 23, 2024 of a definitive option agreement with KG Exploration (Canada) Inc, a wholly-owned subsidiary of Kinross Gold Corporation (TSX: K, NYSE: KGC) with respect to the Williams Brook, Portage and Jonpol properties located in Northern New Brunswick, Canada. Under the terms of the Option Agreement, Kinross will have, subject to certain conditions, the option to earn a 65% interest in the Project by funding a minimum of $16,750,000 in exploration expenditures during a period of five years (including a firm commitment of $2,000,000 with at least 5,000 metres of drilling during the first 18 months). In connection with the Option Agreement, Kinross has also agreed to subscribe under a concurrent private placement for treasury common shares of the Company, representing approximately 9.9% of its issued and outstanding shares. Puma’s President and CEO Marcel Robillard stated, “We believe in the region’s potential to host Canada’s next major gold camp. I am delighted to welcome Kinross, the first major gold producer to establish a presence in New Brunswick. I look forward to working with its first-in-class exploration and development team to grow the region’s potential”. Most of the first $2M will be directed towards drilling (5,000 metres) and other identified targets on the Williams Brook property. The drilling program will continue to test and define the Lynx Gold Zone previously intersected by Puma (5.55 g/t Au over 50.15 m, 2.49 g/t Au over 63.05 m, 5.15 g/t Au over 23.15 m, 2.77 g/t Au over 42.80 m, 1.24 g/t Au over 98.05 m, 3.97 g/t Au over 22.10 m, 3.12 g/t Au over 35.35 m)”. He also emphasized the financial benefits of the agreement, “Within four years and with only $12.75 M of expenditures (as of May 31, 2024), Puma successfully defined a high-grade gold zone at the Williams Brook property, the Lynx Gold Zone that attracted a Tier One gold producer. With juniors still struggling despite gold’s all-time high price, this significant injection of cash over the next five years, especially Kinross’s firm commitment over the next 18 months, will significantly accelerate exploration and unlock the Project’s value. Kinross’ commitment represents a stamp of approval on Williams Brook’s potential, and having Puma as the operator speaks to Kinross’ confidence in the strength of our exploration team.” 📈TSXV: PUMA | OTCQB: PUMXF 📈 Kinross Gold Corporation #Mining #Newbrunswick #Gold #Exploration #goldmining See the full news release ➡️https://lnkd.in/gv2sVyRU

Puma Exploration Accelerates Acquisition of Claims at Williams Brook 🇨🇦⛏️ We are please to report that we have satisfied, ahead of schedule, the requirements for our purchase of 100% interest in 341 claims announced on March 1, 2022. The Claims cover the Panthera Gold Zone and the newly discovered Lion Gold Zone. To complete our acquisition of 100% interest in the Claims, Puma had an obligation to issue the Vendor 250,000 common shares of the Company and a C$50,000 cash payment on or before February 2025. This agreement, amongst others, negotiated by Puma to extend its property, was the last to be fully executed. The 100%-owned Williams Brook Gold Project includes the Williams Brook, Portage and Jonpol properties. Corporate Update Following the nomination of Martin Nicoletti as CFO of Puma Exploration, the Company is pleased to announce that Ms. Kayla Nicoletti has been appointed Corporate Secretary. Ms. Nicoletti has over 12 years of experience working with public companies in the mining sector, ensuring their efficient administration and their adherence to compliance requirements. Kayla succeeds Ms. Karolyn Bouchard-Gagné, who left Puma to pursue other opportunities. We want to thank Ms. Bouchard-Gagné her contributions over the last 5 years and wish her good luck in her new endeavours. 🔹TSXV: PUMA | OTCQB: PUMXF 🔹 #gold #mining #exploration #newbrunswick #investing #goldmining See the full news release ➡️ https://lnkd.in/gFcv6PhQ

Learn about our newly discovered Lion Gold Zone ⛏️ The ongoing surface exploration program in 2024 uncovered several large quartz outcrops and subcrops in an area that was never explored before, 4 km along strike away from the Jaguar Gold Zone. This gold trend-oriented NE parallels the Lynx Gold Trend, which extends more than 10 km between the Lynx and Panthera gold zones. The new gold zone, the Lion Gold Zone, is closely associated with a major fault, the McCormack Brook Fault. Prospection uncovered altered sediment and rhyolite with mineralized quartz veins similar to the mineralization found at the LGZ. An initial ten (10) samples were collected with assay highlights of 72 g/t Au, 2.61 g/t Au, 0.13 g/t Au and 0.07 g/t Au. The 72 g/t gold sample is composed of quartz, oxidized sulphides and fragments of altered rhyolite. 🔹TSXV: PUMA | OTCQB: PUMXF 🔹 #gold #mining #exploration #newbrunswick #investing #goldmining Learn more ➡️https://lnkd.in/g3JdhSZg

Puma is currently focused on developing the Lynx Gold Zone, but another 3 gold zones were identified in 2022, kilometres away from the LGZ – the Jaguar, Cougar and Panthera Gold Zones. These areas have only been surface sampled, but preliminary high-grade gold results warrant further exploration. 🔹TSXV: PUMA | OTCQB: PUMXF 🔹 #gold #mining #exploration #newbrunswick #investing #goldmining Learn more ➡️https://lnkd.in/gnbZWMQa

Puma Exploration Announces Appointment of New Chief Financial Officer ⛏️ Puma Exploration announces that it has hired SKTM Financial Corporation Ltd. to provide corporate finance, accounting, and administrative support, and is pleased to announce the appointment of Mr. Martin Nicoletti, CPA as Chief Financial Officer effective immediately. Mr. Nicoletti is a certified public accountant with 35 years of experience managing public companies, advising on capital market transactions, and providing financial stewardship. As President of Montreal-based SKTM Financial Corporation Ltd., he brings a proven track record of strategic financial consulting, accounting, auditing and financial compliance services to his clients. He is currently the CFO of several publicly listed mining and mineral exploration companies. Mr. Nicoletti graduated with a Bachelor of Business Administration (Option Accounting) from the Université du Quebec in Trois-Rivières. Marcel Robillard, Puma’s President and CEO, stated, “I am very pleased to welcome Martin to Puma. He brings a wealth of experience in all aspects of a junior resource company operations that will be instrumental as we continue to develop our Williams Brook Gold Project and our assets in northern New Brunswick. We'll miss Ginette, who has been with the Company since 2003. I wish her well in her retirement. Martin’s firm, SKTM, is taking over all accounting responsibilities and the transition is expected to go smoothly.” 🔹TSXV: PUMA | OTCQB: PUMXF 🔹 #gold #mining #exploration #newbrunswick #investing #goldmining See the full news release ➡️https://lnkd.in/gxYamMdP

Puma Exploration Closes the Sale of the Chester Project ⛏️ Puma Exploration announces the closing of the sale of the Chester Project to Raptor Resources Ltd. and certain amendments to the terms of the previously announced transactions. The cash and share components for the sale of the Chester Project remained unchanged, and Puma is pleased to report that Raptor has satisfied the conditions of the sale with its payment of AUD $500,000 and 4,000,000 Raptor shares. Marcel Robillard, President and CEO of Puma, commented. “We appreciate Raptor’s continued efforts to close its acquisition of the Chester Project. The AUD $500,000 payment to Puma represents a substantial non-dilutive injection of cash that allows us to continue to develop our Williams Brook Gold Project and increase shareholder value. This transaction showcases Puma’s innovative D.E.A.R. corporate strategy that has been successful time and again with property acquisitions, sales, and out-of-the-box thinking to generate added value for shareholders. This is especially critical now, at a time when markets, despite record-high commodity processes, are not supporting junior explorers.” 🔹TSXV: PUMA | OTCQB: PUMXF 🔹 #gold #mining #exploration #newbrunswick #investing #goldmining See the full news release ➡️ https://lnkd.in/gNsKsrgV

Williams Brook Gold Project ⛏️ Puma’s flagship Williams Brook Gold Project covers more than 49,000 ha of prospective gold landholdings in Northern New Brunswick, an established and mining-friendly jurisdiction near paved roads and with excellent infrastructure nearby. The nearby towns of St-Quentin and Bathurst have a history of forestry and mining. The local communities support the industry and host a skilled labour force. The land package is located near the Rocky Brook Millstream Fault (“RBMF”), a major regional structure formed during the Appalachian Orogeny and a significant control for gold deposition in the region. Since 2021, and with less than C$12.5M of exploration investment, Puma made several significant gold discoveries at the Williams Brook property – the Lynx, Tiger, Cheetah, Cougar, Jaguar, and Panthera Gold Zones, with gold mineralization hosted in quartz veins at surface. The Lynx Gold Zone and its 4 km extension to the Cheetah Gold Zone remains the company’s focus. A large orogenic system is likely at Williams Brook. Puma is engaged in a multiyear focused exploration program to unlock value and develop Atlantic Canada’s newest gold camp. 🔹TSXV: PUMA | OTCQB: PUMXF 🔹 #gold #mining #exploration #newbrunswick #investing #goldmining Learn more ➡️https://lnkd.in/gnbZWMQa

About Puma Exploration ⛏️ Puma Exploration is a Canadian-based mineral exploration company with precious metals projects in New Brunswick, near Canada's Famous Bathurst Mining Camp. Puma has a long history in Northern New Brunswick, having worked on regional projects for over 15 years. As a first mover, the Company quickly and strategically accumulated an impressive portfolio of prospective gold landholdings in the area. Puma’s successful exploration methodology combines old prospecting methods with detailed trenching and up-to-date technology such as Artificial Intelligence to facilitate an understanding of the geology and associated mineralized systems. Armed with geophysical surveys, geochemical data and consultants’ expertise, Puma has developed a perfect low-cost exploration tool to discover gold at shallow depths and maximize drilling results. 🔹TSXV: PUMA | OTCQB: PUMXF 🔹 #gold #mining #exploration #newbrunswick #investing #goldmining Learn more about us ➡️ https://lnkd.in/g8m5KCyn

Highlights of our Lynx Gold Zone (“LGZ”) • Low-cost exploration. • Only 1 m of overburden - easily removed. • Collaboration with forestry company. • High-grade gold mineralization in quartz veins starting at surface. • Extensive surface sampling, mapping and data collection before drilling. 🔹TSXV: PUMA | OTCQB: PUMXF 🔹 #gold #mining #exploration #newbrunswick #investing #goldmining Learn more ➡️ https://lnkd.in/d-qWTz8Q

Puma Exploration Reports on Raptor Resources Transaction and Results of AGM ⛏️ Fururther to our July 2, 2024 News Release, Canadian Copper Inc. (CSE: CCI) and Puma have approved a second extension for the Initial Public Offering of Raptor Resources Ltd. and its listing on the Australian Securities Exchange as a requirement for the sale and transfer to Raptor of the Chester and Turgeon Projects located in New Brunswick, Canada as outlined in Puma’s March 4, 2024, News Release. Marcel Robillard, President and CEO of Puma, commented. “We appreciate Raptor’s continued efforts and work to close its IPO and get listed on the ASX. We are confident that this transaction will come to a successful conclusion soon and contribute non-dilutive cash to further advance our Williams Brook Gold Project.” 2024 Annual and Special Meeting of Shareholders The Company held its Annual and Special Meeting of Shareholders via Live Audio Webcast on August 29, 2024. All resolutions were passed with the required majority: The shareholders elected Marcel Robillard, Richard Thibault, Michel Fontaine, Réjean Gosselin, Jacques Dion, and Mia Boiridy to be duly elected as directors of the Company until the close of the next annual meeting of shareholders of the Company. The shareholders approved a resolution to appoint Malette L.L.P. as Auditor of the Company to hold office until the next annual shareholders meeting and authorize the Directors to fix their remuneration. The shareholders approved a resolution re-approving the Company’s rolling stock option plan. 🔹TSXV: PUMA | OTCQB: PUMXF 🔹 #gold #mining #exploration #newbrunswick #investing #goldmining $PUMA.V See the full news release ➡️ https://lnkd.in/gp9-mYSf