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PUMA.V ·

PUMA Announces the Results of Its Annual and Special Meeting of Shareholders

Shareholder Meetings

PUMA TSXV

175, rue Legaré | Rimouski (Québec) G5L 3B9

www.explorationpuma.com

PRESS RELEASE

For immediate dissemination

PUMA ANNOUNCES THE RESULTS OF ITS ANNUAL AND SPECIAL MEETING OF

SHAREHOLDERS

RIMOUSKI, October 03, 2019 - Puma Exploration Inc. (TSXV: PUMA) (the "Company" or "Puma")

is pleased to announce the results of its Annual and Special Meeting of Shareholders (“ASM”) held

on October 03, 2019 in Rimouski, Quebec.

All matters submitted to shareholders for approval as set out in the Company’s Circular dated August

20, 2019 were approved. A total of 75,730,197 common shares were voted at the ASM, representing

32.6% of the issued common shares of the Company.

These matters included the appointment of directors and auditors , and the adoption of a special

resolution amending the articles of incorporation of Puma in order to consolidate its common shares

on the basis of one (1) new common share for each tranche of ten (10) common shares currently

issued and outstanding.

The following Directors have been elected with an approval rate of 99.8% or more: Marcel Robillard,

Richard Thibault, and Raphael Fournier. Mallette L.L.P. were appointed as the auditor s for the

financial year ending February 29, 2020 with an approval rate of 99.8%.

Also, the Company received strong support from its shareholders for the consolidation of its common

shares with an approval rate of 99.9%. The Board of Directors is currently evaluating the best

strategy concerning the consolidation and will advise shareholders accordingly in a timely manner.

In addition, during the meeting of the Board of Directors that followed the ASM, Marcel Robillard was

re-elected as president, CEO and Chairman of the Board and Ginette G. Brisson was re-elected to

the positions of CFO and Secretary . Richard Thibault, Marcel Robillard, and Raphael Fournier will

form the audit committee.

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, emphasis will also 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.

The Company’s objective for 2019-20 also includes selling undervalued assets in order to increase

the value of the Company for its shareholders. Puma holds 14,200,000 shares of Targets Minerals,

exploring for precious metals (Gold-Silver) in New Brunswick and 4,750,000 shares of BWR

Resources exploring for gold in Manitoba, and also has an option agreement with Rio Tinto for the

Red Brook Project in New Brunswick.

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

[email protected]

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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 achievements 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 date 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.