Puma Exploration Inc. has completed its winter-spring drilling program and launched its fully-funded 2022 summer field exploration program at its Williams Brook Gold Project in New Brunswick, Atlantic Canada. COMPLETION OF THE 10,000 METRES DRILLING PROGRAM ALONG THE OGT Puma completed its 10,000 metres drilling program at the O'Neil Gold Trend ("OGT") that was launched at the end of January 2022. Ninety-seven (97) short holes were drilled for a total of 10,348 metres.

Results for the first 43 holes totalling 5,203 metres have been reported to date. The remaining 54 holes have been logged, and visible gold was identified in five (5) holes. A total of 2,170 core samples have been sent to ALS CHEMEX for analysis.

Assay results will be announced when received. News flow from drill results is expected to continue over the summer. The fully-funded $2M summer program is devised to identify new areas of high-grade gold mineralization at surface on Puma's extensive 40,000 ha land package and prepare for a 2022-2023 drilling program.

Puma continuously refines its exploration model and discovery tools. In 2020, the Company discovered the O'Neil Gold Trend from one initial 50 g/t Au grab sample. Puma then further defined the OGT along a 750 metres strike length.

This summer, the Company's exploration program will be guided by Mira Geoscience's Mineral Potential Index ("MPI") map generated by compiling and analyzing all the data gathered by Puma since 2019. The data set includes results from more than 5,000 metres of trenching, 5,000 grab samples, 7,500 metres of drilling, property-wide heliborne VTEM and radiometric surveys, structural data analysis from Terrane Geoscience and previous geochemical soil and till surveys.