Puma Exploration Inc. reported that additional surface samples collected at its Williams Brook Gold Project in New Brunswick, Canada, last fall have returned high-grade gold. Four (4) grab samples that graded above 100 g/t Au (>3 oz/t Au) are located above Puma's current drilling area. Results from the last 566 grab samples collected as part of Puma's Fall 2021 stripping program at the O'Neil Gold Trend ("OGT") have now been received.

High-grade gold results will continue to be used to identify drilling targets in the Company's ongoing 10,000 m drilling program. From the last 566 samples collected at the OGT last fall and reported now, 66 (11.6%) show gold grades above 1.00 g/t Au. Of these, 21 returned gold grades above 10.00 g/t Au.

The average grade of this last batch (all 566) of results, ranging from below detection limit up to 121.50 g/t Au, is 2.01 g/t Au. Based on the Company's previous success drilling high-grade gold areas identified at surface. The objective of the 2022 drilling program is to test the OGT along its 750 metres strike length and confirm the depth extension of the high-grade gold-bearing quartz veins found on surface.

To date, nineteen (19) holes have been drilled for a total of 2,390 metres. The holes, so far, were collared northeast of the Lynx Gold discovery, where a wide gold mineralized zone was identified by drilling last summer, including the intersection of 5.55 g/t Au over 50.15 m in hole WB 21-02. The drilling targets areas where surface samples have returned significant gold grades (> 1 g/t Au).

Two thousand five hundred (2,500) core samples have been sent to the laboratory for assaying. Results are pending and will be released when received. The systematic drilling will continue toward the O'Neil Gold Zone, located 250 meters southwest of the Lynx Gold zone, targeting the contact between the sediments and the rhyolite.

Grab samples were bagged, sealed and sent to the facility of ALS CHEMEX in Moncton, New Brunswick, where each sample was dried, crushed, and pulped before being fire assayed (Au-ICP21). The remaining coarse reject portions of the samples remain in storage for further work or verification as needed. As part of its QA/QC program, the Company inserts external gold standards (low to high grade) and blanks for every batch of surface samples.

All samples over 10 g/t gold or with abundant visible gold are analyzed with gravity finish (Au-GRA22). Check assays are routinely performed for samples with visible gold to ascertain the gold content of the mineralization zone.