Exploration Inc. (TSXV: BWR) in regards to the Little Stull Lake Gold Project. Puma and BWR have agreed to extend the period of the completion of the minimum exploration
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
PUMA TO RECEIVE 1M SHARES OF BWR EXPLORATION INC.
RIMOUSKI, October 10, 2019 - Puma Exploration Inc. (TSXV: PUMA) (the "Company" or "Puma") is
pleased to announce an amendment to the October 5, 2016 Agreement (the” Agreement”) with BWR
Exploration Inc. (TSXV: BWR) in regards to the Little Stull Lake Gold Project.
Puma and BWR have agreed to extend the period of the completion of the minimum exploration
expenditures of $1.5M for one year, until October 5, 2020. In exchange of the extension given, BWR
shall issue 1,000,000 shares of the Company to Puma on or before November 4, 2019. For more details
on the amendment, please refer to today’s BWR Exploration Inc. (TSXV: BWR) news release.
“This agreement is an integral part of our DEAR strategy, which is our newly developed strategic plan
that will allow us to maximize shareholder value. Following the current amendment, Puma will hold
5,750,000 shares (8%) of BWR. BWR is exploring for Gold in Manitoba, which gives Puma an indirect
exposure to the recent renewed interest in Gold.” Notes Marcel Robillard, President and CEO of Puma
Exploration.
DEAR STRATEGY
In connexion with the current reorganization of the Company, Puma has defined a four-part strategy for
2019-2020 and beyond: Development, Exploration, Acquisition and Royalties/Ownership (DEAR).
Each part of this strategy is aimed at generating value for shareholders and are defined as follows:
• Development of the Murray Brook Deposit , where the gossan and oxide zones will be
investigated to determine the economics and upside potential of the precious metal contents
and recovery within these zones. The goal is to convert the surface zone material s that were
previously categorized as waste to potential mineable ore.
• Exploration of our advanced stage projects located at the Murray Brook Deposit and Chester
Property, aimed at discovering new satellite and contiguous deposits with our drill-ready targets.
The objective is to define the 10 best drilling targets at Murray Brook and Chester.
• Acquisition of prospective new properties using our expertise and knowledge acquired in the
last 15 years of exploration in New Brunswick will offer a variety of different metals exposures
and potentially allow us to make new discoveries within these potential new properties.
• Royalties and ownership gained through the sell-off of non-core assets to third parties represent
a potential major financial upside with out direct dilution. Currently, Puma holds 14,200,000
shares (48%) of Target Minerals Inc. (1% NSR on Nicholas-Denys) and 100% of Murray Brook
Minerals Inc. ( 0.67% NSR on Murray Brook ) and will hold 5,750,000 shares (8%) of BWR
Exploration Inc. (1% NSR on Little Stull Lake).
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
ABOUT PUMA EXPLORATION
Puma is a Canadian mineral exploration company with advanced precious and base metals projects in
Canada. While the priority remains to secure and finalize the acquisition of the Murray Brook project,
the emphasis will be directed towards the exploration of the new targets identified around the existing
deposits at Murray Brook and Chester, but also within underexplored targets located on both favourable
horizons within the properties.
QUALIFIED PERSONS AND QC/AC
Technical information provided in this news release was prepared and reviewed by Marcel Robillard,
P.Geo., President of Puma Exploration, qualified person as defined by NI 43-101. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release. Mr. Robillard is not
independent of the Company, as is officer and shareholders thereof.
You can visit us on Facebook and Twitter.
Learn more by consulting www.pumaexploration.com for further information on Puma.
Marcel Robillard, President
(418) 724-0901
-30-
Forward-Looking Statements: This press release may contain forward -looking statements. Such forward-looking
statements involve a number of known and unknown risks , uncertainties and other factors which may cause the
actual results, performance or achieveme nts of Puma to be materially different from actual future results and
achievements expressed or implied by such forward -looking statements. Readers are cautioned not to place
undue reliance on these forward-looking statements which speak only as of the dat e the statements were made,
except as required by law. Puma undertakes no obligation to publicly update or revise any forward -looking
statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents
submitted to the securities administration.