Puma Exploration Inc. announced that it has signed the TIMM property definitive agreement to strategically increase its substantial gold landholdings at the Williams Brook Gold Project. The TIMM Property, with grab samples grading up to 267 g/t gold and 362 g/t gold, confirms its DEAR Strategy and marks another step towards Puma?s development of a major gold camp in Northern New Brunswick. The property is located only 10 km east of St-Quentin, where Puma?s has its exploration office, and comprises 76 claims covering 1,654 ha.

Local prospector Tim Lavoie made a gold discovery on the property in 2014. He subsequently optioned it to different junior exploration companies over the years. They completed some surface exploration work - trenches, soil sampling, till and stream sampling and four (4) diamond drill holes that returned several anomalous gold zones and highlighted the potential for more discoveries.

The property hosts the same geology as Williams Brook and has historically been divided into three (3) gold zones: the Bonanza, Dome, and South zone. The Dome and Bonanza vein system is hosted in strongly foliated sericite schist with the gold mineralization typically associated with goethite/limonite as at the Lynx Gold Zone. So far, the three (3) zones show a strike length of 625 m with samples varying from anomalous (0.1 g/t gold) up to 362 g/t gold.

Having earned a 70% interest in the TIMM Property, Puma will enter into a JV with the vendor (NB Gold Inc.), carrying the seller for the first $1 million of work expenditure. Afterwards, the seller can retain its 30% by contributing its share of the exploration expenses. Should the seller?s interest in the property fall below 10%, its interest will be converted to a 10% return on net profits from Mine Production.

The TIMM Property is subject to an underlying agreement between NB Gold Inc. and local prospectors that Puma must satisfy. The ?Lavoie/Guitard Royalty? is a 2% production royalty (NSR) payable to Tim Lavoie and Pierre-Luc Guitard pursuant to the Lavoie/Guitard Agreement.

Half (1%) may be bought back for $1,000,000, and the remaining half (1%) may be bought back for $10,000,000. NB Gold retains the right of first refusal on the 2% royalty pursuant to the Lavoie/Guitard Agreement held on 76 claim units (NB e-CLAIMS 6129).