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Puma Exploration Announces Appointment of New Chief Financial Officer

Management Changes

News Release

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Puma Exploration Announces

Appointment of New Chief Financial Officer

Rimouski, Québec, October 9, 2024 – Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the

“Company” or “Puma”) announces that it has hired SKTM Financial Corporation Ltd. to provide corporate finance,

accounting, and administrative support, and is pleased to announce the appointment of Mr. Martin Nicoletti, CPA as Chief

Financial Officer ("CFO") effective immediately.

Mr. Nicoletti is a certified public accountant with 35 years of experience managing public companies, advising on

capital market transactions, and providing financial stewardship. As President of Montreal-based SKTM

Financial Corporation Ltd., he brings a proven track record of strategic financial consulting, accounting,

auditing and financial compliance services to his clients. He is currently the CFO of several publicly listed mining

and mineral exploration companies. Mr. Nicoletti graduated with a Bachelor of Business Administration (Option

Accounting) from the Université du Quebec in Trois-Rivières.

Mr Nicoletti succeeds Mrs. Ginette Brisson who retired. The Board and management would like to take this

opportunity to thank Ginette for her dedication and significant contributions to Puma since the listing of

the Company in 2003 and wish her all the best in her retirement.

Marcel Robillard, Puma’s President and CEO, stated, “ I am very pleased to welcome Martin to Puma. He brings a wealth

of experience in all aspects of a junior resource company operations that will be instrumental as we

continue to develop our Williams Brook Gold Project and our assets in northern New Brunswick. We'll miss

Ginette, who has been with the Company since 2003. I wish her well in her retirement. Martin’s firm, SKTM,

is taking over all accounting responsibilities and the transition is expected to go smoothly.”

The Board of Di rectors has accepted the recommendations of the Compensation Committee and has

granted a total of 150,000 incentive stock options to Mr.Nicoletti under the Company's stock option plan.

The options are exercisable for two years at a price of $0.11 per share and are subject to the policies of

the TSX Venture Exchange.

About Puma Exploration

Puma Exploration is a Canadian-based mineral exploration company with precious metals projects in New

Brunswick, near Canada's Famous Bathurst Mining Camp. Puma has a long history in Northern New

Brunswick, having worked on regional projects for over 15 years. As a first mover, the Company quickly

and strategically accumulated an impressive portfolio of prospective gold landholdings in the area. Puma’s

successful exploration methodology, which combines old prospecting methods with detailed trenching

and up- to-date technology such as Artificial Intelligence , has been instrumental in facilitating an

understanding of the geology and associated mineralized systems. Armed with geophysical surveys,

News Release

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geochemical data and consultants’ expertise, Puma has developed a perfect low-cost exploration tool to

discover gold at shallow depths and maximize drilling results.

The Company is also committed to deploying its DEAR strategy (Development. Exploration. Acquisition.

and Royalties) to generate maximum value for shareholders with low share dilution.

Connect with us on Facebook / X/ LinkedIn.

Visit www.explorationpuma.com for more information or contact:

Marcel Robillard, President and CEO.

(418) 750-8510; [email protected]

Mia Boiridy, Head of Investor Relations and Corporate Development.

(250) 575-3305; [email protected]

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 r eliance 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.