Puma Exploration Inc. provided an update on its ongoing 10,000 metres diamond drilling program at its Williams Brook Gold Project in New Brunswick, Atlantic-Canada. The objective of the 2022 drilling program is to test the O'Neil Gold Trend (“OGT”) along its 750 metres strike length and confirm the depth extension of the high-grade gold found by surface exploration. To date, eleven holes have been drilled for a total of 965 metres.

Those holes were collared between100 to 200 metres northeast of the Lynx Gold area, where a wide gold mineralized zone was identified by drilling last summer, including an intersection of 5.55 g/t Au over 50.15 m in hole WB 21-02. Highlights Of The Current Drilling Program: To date, eleven holes have been completed for a total of 965 metres; 681 core samples have been sent to the laboratory for gold assaying; The holes are located between 100 and 200 metres from the area drilled in 2021; All holes intersected, over core lengths of 25 to 50 metres, the targetted favourable gold-bearing horizon of quartz veins and quartz stockwork in altered sediment and rhyolite; Visible gold was observed in hole WB22-19 in a quartz vein in altered sediment at the contact with the rhyolite; Hole WB22-26 intersected the complete lithological sequence from top to bottom; Sediment (hanging wall), Rhyolite and Black Shale (footwall); Hole WB22-29 intersected a 20 metres-thick continuous quartz vein/breccia system, the thickest intersected thus far at the OGT; Preliminary observations suggest that the targetted horizon dips 30 to 40 degrees which is suitable for a potential open-pit operation. Upon initial visual inspection, the recently completed drill holes show the same mineralized quartz veins and stockwork, including visible gold, at the contact of the altered and brecciated rhyolite and sediments that was observed and sampled on surface and that was intersected in the Company's inaugural 2021 drill program.

A total of 681 core samples have been sent to the lab, and results will be released when received.