Puma Exploration Inc. outlined the ongoing progress of its 2023 exploration program at its 100%-owned Williams Brook Gold Project in Northern New Brunswick, Atlantic Canada. The program has successfully shown that gold mineralization extends to 150 m vertical depth at the Lynx Gold Zone following Phase 1 drilling. With assay results pending, the Company is now focused on demonstrating the continuity of gold mineralization along the 4 km extension of the Lynx Gold Trend to increase the total gold inventory of the 44,000-ha land package.

Puma is focused on building a gold camp in Northern New Brunswick. Since 2021, the Company made four (4) significant gold discoveries at the Williams Brook Gold Project ? the Lynx (?LGZ?), Jaguar, Cougar and Panthera Gold Zones.

The Company?s current focus, the LGZ, has major expansion potential, as evidenced by the recent drilling campaign and the numerous gold occurrences identified along its 4 km strike extension. Surface exploration work this summer, along the Lynx Gold Trend, expanded a gold showing identified last year: the newly named Tiger Gold Zone, located 350 m away from the LGZ, has now been traced over 100 m. Like the LGZ, the gold mineralization at the TGZ occurs in quartz veins, showing limonite alteration at the contact between the rhyolite and sediment. The Tiger Gold Zone is undergoing surface exploration work in preparation for an inaugural drilling program later this year.

Initial surface sampling results at the Jaguar, Cougar and Panthera Gold Zones reported last year were impressive. Following Puma?s proven discovery method, the Company launched its next development phase to include an expanded stripping and trenching program on the gold occurrences discovered in 2022. This program is identifying drilling targets for the zones' upcoming inaugural drilling program.

Puma believes that the CGZ, JGZ and PGZ could substantially increase the gold inventory at Williams Brook. With its objective to build a gold camp at the Williams Brook Gold Project, Puma also used Windfall Geotek?s with their AI System to identify and prioritize targets on other areas of the Williams Brook property and the other properties of the project package. CARDS identified several areas of interest close to the Lynx and Jaguar Gold zones that will be mapped, prospected and soil sampled to identify prospective areas for future development.