Puma Exploration and El Nino Ventures Agree to 30-day Extension for the Murray Brook Purchase Agreement
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
PRESS RELEASE
Puma Exploration and El Nino Ventures Agree to 30-day Extension
for the Murray Brook Purchase Agreement
Rimouski, June 30th, 2020 – Puma Exploration Inc., PUMA-TSXV, (“Puma”) and El Nino Ventures, ELN-
TSXV, (‘’El Nino’’) have mutually agreed to a 30-day extension period in regards of the amended and
restated asset purchase agreement signed on October 5th, 2016, as amended thereafter. Pursuant to the
last amendment signed by Puma and El Nino, Puma had until June 30th, 2020, to proceed with the final
$1 million cash consideration . The 30-day extension granted will be used to review different potential
methods to deal with the acquisition of the Murray Brook Project and its future development that would be
beneficial for both companies. Further announcements will be forthcoming.
Marcel Robillard, president and CEO said: “I’m please to have kept, over the years, a good relationship
between Puma and El Nino which might contribute to a positive outcome for the acquisition of the minority
interest of the Murray Brook Deposit, and that both shareholders benefit from it for many years to come’’.
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 property of the Triple Fault Gold Project. The Williams
Brook property includes selected drill results of 11.2 g/t over 2.8m, 1.0 g/t over 23 m , gold occurrences
grading up to 50.8 g/t Au in bedrock, numerous gold soil anomalies and extremely anomalous till samples
with up to 508 gold grains that occur over an area approximately 12 by 3 kilometres. Puma has received
all the necessary authorizations from the New Brunswick government in light of the pandemic , and field
work is authorized to begin, but was delayed because of the Forest Fire warnings and security.
The Triple Fault Gold Project includes four (4) properties named Williams Brook, Jonpol Gold, Rocky
Brook, and Portage Lake and controls more than 25,000ha of favorable gold exploration. There are many
gold occurrences up to 50.8 g/t Au, 40 g/t Au, 28 g/t Au, 17 g/t Au with 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 hosts 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.
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.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
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.
You can visit us on Facebook / Twitter / LinkedIn
Learn more by consulting www.pumaexploration.com for further information on Puma.
Marcel Robillard, President
(418) 724-0901
-30-
Forward-Looking Statements: This press release may contain forward -looking statements. Such forward -looking
statements involve a number of known and unknown risks, uncertai nties 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 pla ce 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 uncertaint ies are described in the quarterly and annual reports and in the documents submitted to the
securities administration.