PUMA Exploration to Acquire the Fe Bloom Property IN New Brunswick
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
For immediate dissemination
PUMA EXPLORATION TO ACQUIRE THE FE BLOOM PROPERTY IN NEW BRUNSWICK
Rimouski, May 24, 2018 – Puma Exploration Inc. (PUMA-TSXV) (the “Company” or “Puma”) has signed an option
agreement, with a local prospector, to acquire 100% interest of the Fe Bloom project located along the northern edge
of the Bathurst Mining Camp of New Brunswick. The Fe Bloom project had exploration work conducted from 1950 -70
targeting a potential manganese deposit.
The Fe Bloom Project
The property consists of 69 claims totaling 643 hectares and is located in a favorable horizon along the Brunswick belt
where only limited exploration programs were done in the past. Most of the major exploration work was done in the
Southern part of the camp in the vicinity of the Brunswick Mines 12 and 6. The project is supported in par t by a grant
of $20,000 received from the New Brunswick Junior Mining Assistance Program. Puma wants to thank the Province
again for their support for mining exploration in New Brunswick.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Option Agreement
The option agreement covers the Fe Bloom Proje ct (Claim Block 8765) located in Northern New -Brunswick. All the
claims are in good standing until May 2019. Puma is obligated to keep the claims in good standing.
Puma will acquire a 100% interest in the Fe Bloom claims by:
▪ issuing 1,000,000 shares to the vendors
And by performing the following the work commitment:
▪ $25,000 on or before the 1st anniversary,
▪ $75,000 on or before the 2nd anniversary,
▪ $150,000 on or before the 3rd anniversary,
A net smelter return (NSR) of 1% for all other minerals. Puma retains the right to purchase 0.5% NSRs for $1,000,000
with the vendor keeping 0.5%.
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced preciou s 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. Also, Puma
owns an equity interest in BWR Resources, Manitoba. Puma’s objective is to focus its exploration efforts in New
Brunswick.
Qualified Persons
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 Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Excha nge) 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.
Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
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Marcel Robillard, President
Tel.: (418) 724-0901
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Forward-Looking Statements: This press relea se 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.