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    PUMA   CA74588S2029

PUMA EXPLORATION INC.

(PUMA)
Delayed Quote. Delayed Bourse de Toronto - 12/03 05:00:00 pm
0.37 CAD   -6.33%
12/01IIROC Trading Resumption - PUMA
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12/01Puma Exploration to Raise $5 Million via Private Placement
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12/01IIROC Trading Halt - PUMA
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PUMA EXPLORATION : DRILLED 1.00 GT AU OVER 40.6 METERS AND EXTENDS THE GOLD MINERALISED ZONE INTO THE SEDIMENTS AT WILLIAMS BROOK GOLD PROPERTY

10/22/2021 | 07:19am EST

Rimouski - Puma Exploration Inc., PUMA-TSXV, (the 'Company' or 'Puma') is pleased to announce the results from six (6) additional drill holes completed within the inaugural drilling program at its flagship Williams Brook Gold Project located in New Brunswick, an emerging new gold district of Atlantic, Canada.

These six (6) holes were collared to test the extension into the sediments of the gold bearing quartz veins intersected within the altered rhyolite by the previously announced six (6) drill holes. These results clearly show that the gold mineralised envelope extends within the sediments and is not restrained to the altered rhyolite near the lithological contact.

QUALITY ASSURANCE/QUALITY CONTROL (QA/QC)

Rock samples were bagged, sealed and sent to the facility of ALS CHEMEX in Moncton, New Brunswick where each sample is dried, crushed, and pulped. The samples were crushed to 70% less than 2mm, riffle split off 1kg, pulverise split to better than 85% passing 75 microns (Prep-31B). A 30-gram subsplit from the resulting pulp was then subjected to a fire assay (Au-ICP21). Other screen sizes available. Duplicate 50g assay on screen undersize. Assay of entire oversize fraction.

ABOUT PUMA EXPLORATION

Puma Exploration is a Canadian-based mineral exploration company with precious and base metals projects in early to advanced stages located in the Famous Bathurst Mining Camp (BMC) in New Brunswick, Canada. Great efforts will be made by the Company in the coming years to deploy its DEAR strategy (Development, Exploration, Acquisition and Royalties) in order to generate maximum value for shareholders with low shares dilution.

Contact:

Marcel Robillard

Tel: (418) 750-8510

Email: president@explorationpuma.com

Forward-Looking Statements

This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, except as required by law. Puma undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 - - -
Net income 2021 -1,19 M -0,92 M -0,92 M
Net cash 2021 1,87 M 1,46 M 1,46 M
P/E ratio 2021 -8,46x
Yield 2021 -
Capitalization 31,9 M 24,9 M 24,8 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 95,9%
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Managers and Directors
Marcel Robillard President, Chief Executive Officer & Director
Ginette Gosselin Brisson Chief Financial Officer
RÚjean Gosselin Executive Chairman
Richard Andre Thibault Independent Director
Michel Fontaine Director
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