Puma Exploration Inc. reported the start of its 2024 drilling program at its 100% owned Williams Brook Gold Project located in Northern New Brunswick. The 2024 program includes an initial 2,000 metres of diamond drilling at the Tiger Gold Zone ("TGZ"), a prospective new gold area discovered last year through the application of the Company's successful discovery model. The inaugural drilling program at Tiger will begin in early March and aims to grow the volume, scale and gold grade of the Williams Brook Gold Project.

Drilling will target the 1.5 km northeast strike extension of the Lynx Gold Zone to prove the continuity of the high-grade gold mineralization along the Lynx Gold trend. The planned shallow drilling will test gold mineralization below the gold veins identified by trenching and mapping last year at the Tiger Gold Zone. Drilling will also follow a fan pattern to understand what controls gold mineralization at the TGZ and how this zone fits within the four (4) km-long gold corridor.

In 2023, surface exploration work along the Lynx Gold Trend expanded the TGZ, a gold showing located 350 m away from the LGZ and confirming the presence of gold mineralization at surface over more than 1.5 km along strike. Four (4) sizeable (Figure 3) mineralized quartz veins-oriented W-NW were discovered and returned significant high-grade gold results, including 19.90 g/t gold and 14.50 g/t gold, confirming that high-grade gold mineralization is continuous within the pervasive hydrothermal alteration seen at the surface. The Tiger Gold Zone area now spans 400 m by 180 m. The gold mineralization occurs in quartz veins (typically drusy to massive) with minor carbonate and sulphides such as chalcopyrite, sphalerite, galena, and malachite typical of the high-grade veins discovered at the Lynx Gold Zone.

Pervasive oxidation is observed within the quartz veins. As seen at the Lynx Gold Zone, the quartz veins occur at the contact between rocks of different competencies - volcanic and sediment units and a large mafic intrusive.