Puma Exploration Inc. announced a non-brokered private placement of 2,000,000 charity flow through units at a price of CAD 0.145 per unit for the gross proceeds of CAD 290,000 on December 22, 2023. Each CFT unit is comprised of one charity flow-through share and one common share purchase warrant. Each whole warrant is exercisable to purchase one common share of the company at CAD 0.20 per share until December 22, 2025.

All securities issued in connection with the private placement are subject to a four-month-and-one-day hold period expiring on April 23, 2024. The private placements have received conditional approval from the TSX Venture Exchange. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement announced on December 22, 2023.

The transaction included participation from four placees and four pro groups with pro group involvement of 2,000,000 shares.