Puma Exploration Inc. announce that its scout drilling has not only confirmed but significantly extended to the corridor that has been shown to host gold mineralization at its 100%-owned Williams Brook Gold Project in Northern New Brunswick, spanning an impressive 4 km. This significant milestone highlights the project's promising progress. Thirty (30) short holes for 2,270 metres were drilled as part of the now-completed 2024 Winter/Spring program.

Of these, twenty-two (22) holes were drilled at the centre of the Tiger Gold Zone, an area where stripping last year uncovered four (4) auriferous quartz veins similar to those found at the Lynx Gold Zone (?LGZ?). Early visual inspection confirmed that the Tiger Gold Zone hosts the same geological units as the dominant gold-hosting stratigraphy at the LGZ of felsic sediments and volcanic units at shallow depths. This significant finding prompted Puma to immediately initiate step-out drilling over an additional 2.5 km along strike to map the extent of this favourable corridor further, thereby highlighting the potential of the Williams Brook Gold Project.

Puma?s scout drilling at the Cheetah Gold Zone, a previously unexplored area 3.5 km from the LGZ, has yielded significant findings. This area, which had never been drilled and only received limited surface exploration work, has been confirmed to host the same stratigraphy and structures shown to host gold. In addition, drilling confirmed that quartz veins, discreet quartz injections (stockwork, etc.), and hydrothermal alteration extend to at least 100 metres in depth.

This unique discovery confirms that the host geology is continuous along 4 km of the Lynx Gold Trend. Follow-up drilling and an alteration study will be instrumental in determining and understanding the different styles of gold mineralization (high-grade versus disseminated) in geological model and further enhance Puma?s discovery model as it continues to develop the Williams Brook Gold Project. Ongoing Exploration: A detailed drone magnetic survey (very detailed) will be flown over 6 km of the Lynx Gold Trend, including the recently drilled 3.5 km extension.

Once interpreted, the new data will help direct Puma?s summer trenching and stripping program and help identify targets for its upcoming 2024 Summer/Fall drilling program. Surface exploration will start in May, including a stripping and sampling program along the favourable 4 km corridor. This will help ensure drilling success to improve further and expand the Lynx Gold Deposit.

The 3D model of the Lynx Gold Zone mineralization, incorporating the results of the 2023 drilling at depth and along strike at the LGZ, is almost finalized. The updated model will provide Puma with additional high-grade drilling targets at the LGZ for future drilling. Puma continues to develop and derisk the Williams Brook Gold Project.

Last year, metallurgical work was undertaken to understand and mitigate any issues with gold recoveries. This past winter, a small-scale simulation was conducted on a 3-tonne bulk sample. Results are encouraging, and a comprehensive review of the completed work will be announced shortly.

To keep claims in good standing, some exploration programs will be conducted this summer away from the LGZ and the Company?s primary area of focus, as well as on Puma?s other properties. Details of these programs will be announced in due course.