Puma has signed a definitive agreement to acquire the Ferguson Brook mineral claims from Slam Exploration Inc. The Ferguson Brook mineral claims comprise 42 claim units covering 912 hectares of prospective land adjacent to the Williams Brook Gold Project. The Ferguson Brook mineral claims are defined as two (2) properties. Property A comprises 35 claim units that Slam acquired by staking.

Property B comprises a 7-unit portion of the Property that Slam acquired through an "Underlying Agreement" with a third party. Slam retains a 2% net smelter return ("NSR") royalty on any commercial production from Property A. 50% of the NSR royalty (i.e.,1%) may be purchased by Puma for $1,000,000. Puma retains a right of first refusal on the remaining 1% NSR royalty that Slam holds.