Puma Congratulates Canadian Copper on Acquiring Murray Brook Deposit
News Release
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Puma Congratulates Canadian Copper on
Acquiring Murray Brook Deposit
Rimouski, February 5, 2024 – Puma Exploration Inc. (TSX-V: PUMA, OTCQB: PUMXF) (the “Company” or
“Puma”) is pleased to report that Canadian Copper (CSE: CCI) has completed the acquisition of the Murray
Brook Deposit and surrounding property as outlined in CCI’s news release dated February 1, 2024 (click
here to read the release).
The M urray Brook Deposit is the largest advanced -stage polymetallic asset in N ew Brunswick. The
undeveloped 21 Mt (M easured + I ndicated) volcanogenic massive sulphide (“ VMS”) deposit contains
2.73% Zn, 0.47% Cu, 1.0% Pb, 41 g/t Ag, 0.65 g/t (Technical Report and Updated Mineral Resource Estimate
of the Murray Brook Zn -Pb-Cu-Ag Project, New Brunswick, Canada, P &E Mining Consultants, effective
October 3, 2023).
Marcel Robillard, President and CEO of Puma a nd Director of CCI, stated, “Two years ago when we decided
to spin off our base metal properties to continue to advance our Williams Brook Gold Project, we were
confident that Canadian Copper with Simon Quick at the helm, would successfully bring value to the assets.
With 100% ownership of the Murray Brook deposit, CCI has established itself as the most important base
metals explorer with significant mineral resources in the Bathurst Camp. This transaction has secured CCI’s
path to substantial growth. Our 11% equity stake in the company ensures that we benefit from its ongoing
success. I want to congratulate Simon on this remarkable achievement, and I look forward to what lies ahead
as he and his team fast-track the development of the Murray Brook Project.”
The Murray Brook Deposit and associated property package butts up against the Murray Brook West
property optioned to CCI in 202 1 and is contiguous to Puma’s JonPol and Portage properties (Figure 1).
With this consolidation, CCI firmly establishes itself as a major player in the critical minerals exploration
and mining in New Brunswick.
Following Puma’s “ DEAR” (D evelopment, Exploration, Acquisition and Royalties) business strategy to
generate maximum value for shareholders with low share dilution , all of the Company’s copper assets
were optioned to a new copper-focused company (later Canadian Copper) in 2021 to give the projects
the visibility and attention they deserved (see July 6, 2021 News Release). The transaction allows Puma to
monetize the copper assets, unlock their value, and, as an equity holder, benefit from CCI’s valuation
growth. At the same time, Puma continues to develop the Williams Brook Gold Project.
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Figure 1: Puma’s assets and landholdings in Northern New Brunswick
About Canadian Copper Inc.
Canadian Copper is a Canadian -based mineral exploration company with a copper and base metals
portfolio of historical resources and grassroots projects. The Company is focused on the prolific Bathurst
Mining Camp ( “BMC”) of New Brunswick, Canada. There are currently 90,044,760 shares issued and
outstanding in the Company.
Visit www.canadiancopper.com for more information.
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About Puma Exploration
Puma Exploration is a Canadian -based mineral exploration company with precious metals projects in
Northern New Brunswick. Puma’s flagship Williams Brook Gold Project comprises four properties covering
more than 49,000 ha near paved roads and with excellent infrastructure nearby. The land package is
located near the Rocky Brook Millstream Fault (“RBMF”), a major regional structure formed during the
Appalachian Orogeny and a significant control for gold deposition in the region.
Since 2021 and with less than C$12.5M of exploration investment. Puma has made multiple gold
discoveries at the Williams Brook property and believes that the property hosts an extensive orogenic
gold system. Dr. Gregg Morrison, a leading expert on intrusion- related, porphyry and epithermal gold
systems, stated: “I believe Williams Brook is part of the same family of gold systems as Fosterville and
Sunday Creek in Australia and Valentine Lake in Newfoundland . These other deposits are known for
their structure-controlled mineralization, metal zoning, free gold in bonanza shoots and kilometre scale
depth extent. The similarities to these more comprehensively explored deposits gives real confidence to
deeper drilling in the Lynx Zone and continued exploration around the feeder structures in the Williams
Brook District.’’
Figure 2. Main gold showings and occurrences at the Williams Brook Gold Project
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Qualified Person
Dominique Gagné, P .Geo., a Puma consultant and a qualified person as defined by National Instrument
43-101 - Standards of Disclosure for Mineral Projects, reviewed and approved this release's technical
information.
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Visit www.explorationpuma.com for more information or contact:
Marcel Robillard, President and CEO, (418) 750-8510;
Mia Boiridy, Head of Investor Relations and Corporate Development, (250) 575-3305;
Neither the 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.
Forward-Looking Statements: This press release may contain forward -looking statements. Such forward -
looking statements involve several known and unknown risks, uncertainties, and other factors that 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. The quarterly and annual reports and the documents submitted to
the securities administration describe these risks and uncertainties.