New High-Grade Zone Drilling At The Williams Brook

RIMOUSKI, QC - Puma Exploration Inc. reported a near-surface high-grade gold intersection of 34.93 g/t Au over 3.00 meters within a wider zone assaying 6.47 g/t Au over 16.90 meters in hole WB22-25. Additional high-grade intercepts include 22.28 g/t Au over 3.20 meters within a wider gold intercept of 3.97 g/t Au over 22.10 meters in hole WB22-36 and 1.00 g/t Au over 33.35 meters in hole WB22-26. These new high-grade discoveries extend by more than 300 meters to the NE, the first gold discovery made at the OGT in 2021.

"These first results are very exciting. Every hole intersected gold mineralization, and hole WB22-25 is one of the most impressive, with more than 34 g/t gold over 3 meters. That hole contains the highest individual gold grade since the beginning of drilling in 2021, with 183 g/t Au over 0.50 meters. We are systematically building our model and demonstrating again, step by step, the gold potential of the O’Neil Gold Trend and the entire Williams Brook Project," said Marcel Robillard, President and CEO.

Highlights include: A new high-grade gold intersection (34,93 g/t Au over 3.0 m within a wider zone assaying 6.47 g/t Au over 16.90 m); A 25 meters step-out from hole WB22-25 intersected 22.28 g/t Au over 3.20 m within a wider gold intercept of 3.97 g/t Au over 22.10 m in hole WB22-36; Several other high-grade gold samples occur within a large lower-grade envelope : 183 g/t over 0.50 m, 59.60g/t Au over 0.65 m, 30.50 g/t Au over 0.30 m, 23.70 g/t Au over 0.80 m, 16.50 g/t Au over 0.70 m, 14.65 g/t Au over 0.60 m, 9.12 g/t over 0.30 m; and Gold mineralization appears to be associated with widespread limonitisation (Py) + sericitization, and all holes intersected the favorable OGT mineralized and altered horizon.

These holes tested a segment of approximately 200 meters to the northeast and along strike of the 2021 drilling campaign highlighted by hole WB21-02 that returned two high-grade sections of 46.94 g/t Au over 3.85 m and 28.52 g/t Au over 2.10 m. The results for an additional 2,000 meters of drilling are expected shortly.

Following the success of the initial 2021 stripping and drilling program, the 2022 drilling campaign was designed to confirm the extent at shallow depth of the alteration and mineralization found at surface along the OGT. Since drilling began in late January, more than 37 holes for 4,300 meters have been completed.