Puma Exploration Inc. announced that it has entered into a property agreement to add silver exposure to its current precious metals assets in Northern New Brunswick. The new acquisition, the Brunswick Au-Ag Property, with grab samples grading up to 1,300 g/t Ag and 2.42 g/t Au, adds 454 claims (10,554 ha) to Puma's landholdings, now totaling 60,554 ha. The Brunswick Au-Ag property is strategically located close to two (2) renowned base metals mines.

Contiguous to the new property, the Brunswick #12 Mine operated from 1964 to 2013 and produced 449 M Oz Ag . Only 2 km away, the Brunswick #6 Mine operated from 1966 to 1983 and produced 261 M Oz Ag . (Historic production numbers and grades provided by New Brunswick Energy & Mines, Minerals and Petroleum Division).

Initial prospection and sampling conducted on the property by a local prospector in 2022 confirmed the presence of high-grade silver and gold mineralization grading up to 1,300 g/t Ag and 2.42 g/t Au in a Devonian felsic intrusion. Only limited fieldwork has been conducted on the intrusive rock as most of the effort was directed historically to the known Bathurst #12 horizon to chase VMS deposits. A small trenching operation conducted in 2022 returned high-grade samples along a 125 m-long zone with 661 g/t Ag + 0.48 g/t Au, 531 g/t Ag + 0.55 g/t Au and 376 g/t Ag + 0.56 g/t Au within the felsic intrusive rock, close to the contact with metasediments.

Puma is currently compiling data to evaluate the property's potential and to define exploration targets for the upcoming summer program. Puma's main focus remains the Williams Brook Property, where a winter drilling program will begin shortly. Over the past 24 months, the Company has consolidated a patchwork of mining claims held by different landowners through a series of separate transactions.

Most mining claims have seen little to no modern exploration work and have never been explored as a major unique land package. Puma's discoveries and successful exploration model at the Williams Brook property may lead to additional discoveries on the new land package and continue to add to the region's precious metal inventory.