Puma Exploration and Votorantim Metals Canada amend the terms of the Murray Brook Property Agreement
175, RUE LEGARÉ, RIMOUSKI (QUÉBEC) CANADA G5L 3B9
TEL.: 418. 724.0901 FAX: 418.722.0310
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PRESS RELEASE
Puma Exploration and Votorantim Metals Canada amend the terms of the
Murray Brook Property Agreement
Rimouski, November 28 th , 2017 – Puma Exploration inc. (the “Company” or “Puma”) is pleased to
announce that by mutual agreement, Votorantim Metal s Canada Inc. (“Votorantim”) and Puma have agreed
to modify the terms of the amended and restated Ass et Purchase Agreement signed October 5 th , 2016 to
facilitate and accelerate the final closing of the acquisition of the Murray Brook Property which incl ude the
transfer of the mining claims to Puma.
To satisfy the new requirements as set in the amend ed agreement signed November 27 th 2017, Puma will
proceed with the $2M cash consideration on February 28 th , 2018 as previously agreed. The date at which the
Environmental Bond will be assumed by Puma has been postponed to December 31 st , 2018, the date of the
final cash consideration payment. Once the final ca sh consideration payment is done and that Puma has
assumed the Environmental bond, the mining claims will be transferred to Puma.
“We are very pleased with this new mutual agreement that provides Puma with more flexibility in achiev ing
our shared objective in finalizing the acquisition of the Murray Brook Property. The delay of the rele ase of
the Environmental Bond will let us focus on explori ng and developing the Murray Brook Deposit” notes
Marcel Robillard, President of Puma.
Except as specifically modified pursuant to the pre sent release, no other changes or modifications to the
Asset Purchase Agreement are intended or implied or have otherwise been agreed between the Parties. Th e
present modifications have to be reviewed by the usual regulatory agencies.
Current Exploration Program
The second phase of the 2017 exploration program ha s begun on prospective new areas on both sides of t he
Murray Brook Deposit and initially consists of tren ching. Puma’s geologists have defined several new h igh
priority targets based on their stratigraphic locat ion, their proximity to the Deposit and along the b est
geophysical anomalies.
So far, 11 trenches have been completed for a total of 803 meters. Along the Western side of the Murra y
Brook Deposit, altered black shales units were discovered and contain disseminated sulphides and also small
veinlets of sulphide. The mineralized rocks, visual ly similar to the Murray Brook Deposit footwall
sediments, were found over a strong chargeability a nd gravity anomalies. This trenching program was al so
aimed at defining several high priority targets that will be tested in the coming drilling program.
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Corporate Matter
An insider of the Company has participated in the r ecent September 15 th , 2017 flow through private
placement for an amount of $1,000.00 (representing 1% of the total placement). This insider
subscribed to the units on the same terms as the ot her investors. The participation of an insider is
exempt of the standard regulatory acceptance as wel l as of the approval of the shareholders of the
Company according to sections 5.5 (a) and 5.7 (a) o f the Regulation 61-101 « Regulation 61-101 »
concerning the protection of minor shareholders in a special transaction. This exemption is based on
the fact that the market value of the placement or the amount paid by each of the total insiders does
not represent more than 25% of the market value of the Company.
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 Puma Explorat ion, qualified persons as defined by NI 43-101, who
supervised the preparation and technical informatio n that forms the basis for this news release. Neith er TSX
Venture Exchange nor its Regulation Services Provid er (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 a re officers and shareholders thereof. The samples w ere
prepared, sent, processed at ALS Val D’Or, Québec and ALS Sudbury, Ontario. All samples were assayed by
ME-ICP41 method and gold was assayed by AU-AA26 met hod. QA/QC are monitored by the analysis of
blanks, reference material and replicate samples at a frequency of one (1) of each per 30 samples.
About the Murray Brook Project
The Murray Brook Project consists of three (3) dist inct contiguous areas that cover more than 18 kilom eters
of the favorable rocks that host the operating Cari bou Mine (Trevali Mining Corp.), the Murray Brook
Deposit and the past operating Restigouche Mine (Tr evali Mining Corp.). From east to west, the project
comprises the Murray Brook East Property (4925), th e Murray Brook Mining Lease (# 252) and the Murray
Brook West Property (7846) (refer to website).
The Murray Brook East and Murray Brook West Propert ies have been subject to various degrees of
exploration and share the same potential of increas ing the mineral resources defined at the Murray Bro ok
Deposit. The Company has defined several future priority targets on these properties.
The Murray Brook deposit has a currently defined me asured and indicated mineral resources of 5.28 million
tonnes averaging 5.24% zinc, 1.80% lead, 0.46% copp er, 68.9 g/t silver and 0.65 g/t gold . The core of
the mineral resource occurs in the West Zone which is 200 meters wide, extending from surface to 300
meters vertical and the true thickness of the massive sulphide body varies from 75 meters to 100 meters. The
East Zone (Copper-Gold) is 100 meters wide, also ex tending from surface to 300 vertical meters and is
mainly mineralized with gold and copper. On Februar y 20 th 2017, a NI 43-101 report was accepted and filed
on SEDAR.
About Puma Exploration Inc.
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals
projects in Canada. The Company's major assets cons ist of an option to acquire 100% beneficial interes t in
the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project located in
New Brunswick as well as an equity interest in BWR Resources, Manitoba. Puma’s objective for the coming
year is to focus its exploration efforts in New Brunswick.
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Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
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 achievemen ts of Puma Exploration Inc. to be materially differ ent
from actual future results and achievements express ed or implied by such forward-looking statements.
Readers are cautioned not to place undue reliance o n 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 st atements. These risks and uncertainties are describ ed in
the quarterly and annual reports and in the documents submitted to the securities administration.