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PUMA.V ·

Puma Exploration proceeds with the $2 million payment to Votorantim Metals Canada Inc.

Corporate Updates

PRESS RELEASE

For immediate dissemination

Puma Exploration proceeds with the $2 million payment to Votorantim Metals Canada Inc.

Rimouski, February 26th, 201 8 – Puma Exploration Inc. (the “Company” or “P UMA”) is pleased to

announce that it has paid to Votorantim Metals Canada Inc. (“VMC”) the amount of $2 million that was due on

February 24 th, 2018 under the Murray Brook Option Agreeme nt whereby PUMA can acquir e the 67.86 %

interest held by VMC in the Murray Brook Project.

In order to proceed with such payment, P UMA obtained a $2 million loan from a third party . The loan bears

interest at an annual rate of 7% and matur es on May 24th, 2018. As collateral for the loan, PUMA has pledged

the shares of its two subsidiaries. No finder fee or commission was paid in connection with the aforementioned

loan.

About the Murray Brook Project

The Murray Brook Project consists of three (3) distinct contiguous areas that cover more than 18 kilometers of

the favorable rocks that host the operating Caribou Mine (Trevali Mining Corp.), the Murray Brook Deposit and

the past operating Restigouche Mine (Trevali Mining Corp.). From east to west, the project comprises the

Murray Brook E ast Property (4925), the Murray Brook Mining Lease (# 252) and the Murray Brook West

Property (7846) (refer to website).

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. The Company has defined several future priority targets on these properties.

The Murray Brook deposit has 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 the

mineral resource occurs in the West Zone (Zinc -Lead) which is 200 meters wide, extending from surface to

300 meters vertical and the true t hickness 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 20 th 2017, a NI 43-101 report was accepted and filed on

SEDAR.

PUMA TSXV

explorationpuma.com

About Puma Exploration Inc.

PUMA 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 Turgeon Zinc-Copper Project and the Nicholas-Denys Project all located in New Brunswick

as well as an equity interest in BWR Resources, Manitoba. P UMA’s objective is to focus its exploration efforts

in New Brunswick.

Qualified Persons and QC/AC

The content of this press release was prepared by Marcel Robillard, P.Geo., President, and Dominique Gagné,

P.Geo., Vice President Exploration of P UMA, qualified persons as defined by NI 43 -101, who supervised the

preparation and technical information that forms the basis for this news release. Neithe r 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 and Mr. Gagné

are not independent of the Company, as both are officers and shareholders thereof.

You can visit us on Facebook and Twitter.

Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.

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 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.