PUMA Exploration Closes the Transaction with Targets Minerals
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9
www.explorationpuma.com
PRESS RELEASE
For immediate dissemination
PUMA EXPLORATION CLOSES THE TRANSACTION WITH TARGETS MINERALS
RIMOUSKI, September 10, 2019 - Puma Exploration Inc. (TSXV: PUMA) (the "Company" or
"Puma") is pleased to announce the closing of the purchase agreement with Targets Minerals in
relation to the Nicholas-Denys Project as disclosed on August 27, 2019.
In exchange of its interest in the Ann’s Creek and Beresford Copper properties and in some surface
rights, Puma has received $100,000 in cash, $10,000 in debentures and 14,200,000 shares of
Targets Minerals representing approximatively 48% of the current and outstanding shares of the
company. Puma also retains 1% NSR Royalty of which half of it can be bought back for $1,000,000.
Puma constitutes the largest Targets Minerals shareholder and both managements will work
together to create a major new active player in Northern New Brunswick with the initial focus on
precious metal (Gold-Silver). Targets Minerals plans to list its shares on a Canadian Stock Exchange
within the next 18 months.
‘’We are very happy to close the transaction in such an efficient and timely manner. The direct equity
ownership (48%) in Targets Minerals will provide a great exposure to the Gold and Silver upside
within the current precious metals renewed interest markets. Puma and Targets Minerals will work
closely together to explore and develop the projects’’ notes Marcel Robillard, President and CEO of
Puma Exploration.
ABOUT NICHOLAS-DENYS PROJECT
The Nicholas-Denys covers the Rocky Brook Millstream Fault (RBMF) and his splay, the Main Fault
(MF). These faults represent two (2) major mineralized structures which contain the main precious
metals (Au-Ag) lenses on the property. These faults can be followe d over 20 kilometers and the
intersection with minor transverse NW -SE extension structure, represents the primary exploration
targets for the high-grade Au-Ag lenses.
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 to 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.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9
www.explorationpuma.com
The company’s objective for 2019 also includes selling undervalued assets as to increase the value
of the company to 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 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, and Dominique Gagné, P.Geo., Vice President Exploration of Puma Exploration,
qualified persons as defined by NI 43 -101. Neither TSX Ventur e 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 and Mr. Gagné are not
independent of the Company, as both are officers and shareholders thereof.
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Learn more by consulting www.pumaexploration.com for further information on Puma.
Marcel Robillard, President
(418) 724-0901
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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.