Puma Exploration Inc. to report that Canadian Copper has completed the acquisition of the Murray Brook Deposit and surrounding property as outlined in CCI?s news release dated February 1, 2024. The Murray Brook Deposit is the larger advanced-stage polymetallic asset in New Brunswick. The undeveloped 21 Mt (Measured + Indicated) volcanogenic massive sulphide (?VMS?) deposit contains 2.73% Zn, 0.47% Cu, 1.0% Pb, 41 g/t Ag, 0.65 g/t. The Murray Brook Deposit and associated property package butts up against the Murray Brook West property optioned to CCI in 2021 and is contiguous to Puma?s JonPol and Portage properties.

With this consolidation, CCI firmly establishes itself as a major player in the critical minerals exploration and mining in New Brunswick. Following Puma?s ?DEAR? (Development, Exploration, Acquisition and Royalties) business strategy to generate maximum value for shareholders with low share dilution, all of the Company?s copper assets were optioned to a new copper-focused company (later Canadian Copper) in 2021 to give the projects the visibility and attention they deserved.

The transaction allows Puma to monetize the copper assets, unlock their value, and, as an equity holder, benefit from CCI?s valuation growth. At the same time, Puma continues to develop the Williams Brook Gold Project.