Puma Exploration Inc. PUMA-TSXV, ('Puma') is pleased to announce that it will transfer all of its copper assets to its wholly-owned subsidiary Murray Brook Minerals Inc.

The objective is to generate maximum value to its shareholders from its base metal projects while Puma Exploration continues to concentrate on its new Flagship Triple Fault Gold Project in New Brunswick, Canada.

'The current business arrangement represents an important opportunity for Puma's shareholders to continue to explore and develop the current copper projects within its new subsidiary on which the company has already invested $3,211,057 in exploration (book value as of May 31, 2020) in the last 15 years in Northern New Brunswick', notes Marcel Robillard, President and CEO of Puma Exploration. 'We are expecting renewed interest in the base metals sector, particularly for copper, as green energy metal and EV demands are expected to increase in the coming years. Puma's subsidiary will be well positioned and ready for any opportunity' added Marcel Robillard. The newly created strategic advisory board and current management and consultants will evaluate different scenarios to generate maximum value for Puma's shareholders in light of the current reorganization of Puma's base metals assets. The reorganization of the copper assets will be effective on August 31,2020. The main copper assets held by the wholly-owned Murray Brook Minerals are as follows:

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. Puma is currently focusing his field work on its flagship TRIPLE FAULT GOLD PROJECT in New Brunswick. 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:

Tel: (418) 724-0901

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.

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