PUMA Exploration Adds More Claims at Triple Fault GOLD Project
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
PUMA EXPLORATION ADDS MORE CLAIMS AT TRIPLE FAULT GOLD PROJECT
Rimouski, July 28th, 20 20 – Puma Exploration Inc., PUMA -TSXV, (“Puma”) has increased its land
package at the Triple Fault Gold Project in New Brunswick, Atlantic Province of Canada. Puma added, by
staking, six (6) additional claim blocks comprising 180 new claim units for a total of 3,590 hectares, all
located contiguous to the initial Williams Brook Gold property boundary. The claims were selected following
a newly discovered cluster of rusty quartz boulders found during the initial ongoing reconnaissance
program. Altered felsic volcanic floats were also found in this area. The Williams Brook Gold property now
covers more than 26,000 hectares and Puma is the biggest landholder in the area.
“It is very encouraging to see the abundance of rusty quartz boulders occurring along an inferred
mineralized trend over a length now of approximately 3.8 km. Open ground approximately 1 km northeast
along the mineralized trend from the cluster of the rusty quartz boulders found were staked and we decided
to increase the property to secure th e highly prospective trend, but also over the entire land package’’
notes Marcel Robillard, President, CEO of Puma Exploration.
PUMA EXPLORATION ARRANGES $450,000 PRIVATE PLACEMENT
Puma is undertaking a non-brokered private placement of units, for a maximum of $450,000. Pursuant to
the placement, Puma is offering a maximum of 4.5 million units at a price of 10 cents per unit. Each Unit
is comprised of one (1) flow-through common share (a “Flow-Through Common Share”) and one half (1/2)
common share purchase warrant (each whole warrant, a “Warrant”), each Warrant entitling the holder to
purchase an additional common share (a “Warrant Share”) at an exercise price of $0.15 per Warrant Share
for a period of twenty-four (24) months following the Closing Date.
The company will use the proceeds of the offering for the exploration program currently in progress on the
Triple Fault Gold Project. The shares and warrants issued under the offering will be subject to a holding
period of four (4) months and one day following the closing.
TRIPLE FAULT GOLD AREA
Puma is currently focusing its field work on its flagship TRIPLE FAULT GOLD PROJECT in New
Brunswick. The initial phase of the program incorporates large detailed prospecting, mapping, trenching,
and stripping focused over the entire Williams Brook Gold property of the Triple Fault Gold Project.
The Triple Fault Gold Project includes four (4) properties named Williams Brook Gold, Jonpol Gold, Rocky
Brook, and Portage Lake and controls more than 25,000ha of favorable gold exploration. There are many
gold occurrences and float with up-to 50.8 g/t Au, 40 g/t Au, 28 g/t Au, 17 g/t Au and previous holes
intersected 11.2 g/t over 2.8m, 8.02 g/t Au over 1.0m, 1.0 g/t over 23.0m, 3.46 g/t Au over 2.0m.
There has been very limited drilling and exploration in the area with excellent access by the paved Route
180 close to the mining camp infrastructure. The Dunnage Zone h osts major gold deposits and gold
occurrences in siluro-devonian host rocks with the emergence of many companies in Eastern Canada for
gold exploration and development.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
QUALIFIED PERSONS
Marcel Robillard, PGeo, qualified person as defined by Canadian National Instrument 43 -101 standards,
has reviewed and approved the geological information reported in 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.
ABOUT PUMA EXPLORATION
Puma Exploration is a Canadian -based mineral exploration company with precious and base metals
projects in early to advanced stages located in the Famous Bathurst Mining Camp (BMC) in New
Brunswick, Canada. Great efforts will be made by the Company in the coming years to deploy its DEAR
strategy (Development, Exploration, Acquisition and Royalties) in order to generate maximum value for
shareholders with low shares dilution.
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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.