PUMA Exploration Inc. and Votorantim Metals Canada Inc. Amend the Terms of the Murray Brook Property Agreement
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9
www.explorationpuma.com
PRESS RELEASE
For immediate dissemination
PUMA EXPLORATION INC. AND VOTORANTIM METALS CANADA INC. AMEND THE TERMS
OF THE MURRAY BROOK PROPERTY AGREEMENT
Rimouski, July 03, 2019 – Puma Exploration Inc. (the “Company” or “Puma”) announces that by
mutual agreement, Votorantim Metals Canada Inc. (“Votorantim”) and Puma have agreed to modify
the terms of the amended and restated Asset Purchase Agreement signed October 5, 2016, as
amended thereafter. Pursuant to the current amending agreement signed by Puma and Votorantim,
Puma now has until June 30, 2020 to proceed with the final $3M cash consideration. The date at
which the Environmental Bond has to be assumed has also been postponed to June 30, 2020. Once
the final cash consideration payment is made and the Environmental bond has been assumed, title
to the mining claims will be transferred.
To keep the Purchase agreement in good standing, Puma shall pay quarterly payments to
Votorantim of the amount of $105,000 as an additional fee (“Additional Fees”) for the Environmental
Bond and the final $3M payment interest as contemplated in the purchase agreement . The first
payment is due on or prior to July 30, 2019.
“We are very pleased with the amended terms between the parties which provides more time to
finalise the current discussions and negotiations in progress at Murray Brook to achieve our shared
objective to finalize the acquisition of the Murray Brook Deposit”. notes Marcel Robillard, President
of Puma.
Qualified Persons and QC/AC
The content of this press release was prepared by Marcel Robillard, P.Geo., President of Puma
Exploration, qualified person as defined by NI 43-101, who supervised the preparation and technical
information that forms the basis for this news release. 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 shareholder thereof.
About the Murray Brook Project
The Murray Brook Project consists of three (3) distinct contiguous areas that covers 8,800 hectares
and more than 18 kilometers of the favorable rocks that host the operating Caribou Mine (Trevali
Mining Corp.), on the east side, the Murray Brook Deposit and the past operating Restigouche Mine
(Trevali Mining Corp.). From east to west, the Murray Brook Project comprises the Murray Brook
East Property (4925), the Murray Brook Mining Lease (# 252) and the Murray Brook West Property
(7846).
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9
www.explorationpuma.com
The Murray Brook East and Murray Brook West Properties have been subject to various degrees of
exploration and share the same potential of increasing the mineral resources defined at the Murray
Brook Deposit and several future priority targets have been defined on these properties.
About the Murray Brook Deposit
The Murray Brook Deposit (Mining Lease #252) covers an area of 484 hectares with a currently
defined measured and indicated mineral resources of 5.28 million tonnes averaging 5.24% zinc,
1.80% lead, 0.46% copper, 68.9 g/t silver and 0.65 g/t gold. The core of this mineral resource occurs
in the West Zone which is 200 meters wide, extending from surface to 300 meters vertical and the
true thickness of the massive sulphide body varies from 75 meters to 100 meters. The East Zone
(Copper-Gold) is 100 meters wide, also extending from surface to 300 vertical meters and is mainly
mineralized with gold and copper. On February 20th 2017, a NI 43-101 report was accepted and filed
on SEDAR.
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base
metals projects in Canada. The Company's major assets consist of an option to acquire 100%
beneficial interest in the Murray Brook Property, the wholly owned Turgeon Zinc-Copper Project and
the Nicholas-Denys Project all located in the Bathurst Mining Camp of New Brunswick. As well as
an equity interest in BWR Resources, exploring in Manitoba. Puma’s objective for the coming year
is to focus its exploration efforts in New Brunswick and advance the Murray Brook Deposit.
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Learn more by consulting www.pumaexploration.com for further information on Puma Exploration
Inc.
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 Exploration Inc.
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 Exploration 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.