Puma Exploration announces TSXV Approval for the share consolidation
175, rue Legaré | Rimouski (Québec) G5L 3B9
PUMA TSXV
www.explorationpuma.com
PRESS RELEASE
Puma Exploration announces TSXV Approval for the share consolidation
Rimouski, October 21st, 201 9 – Puma Exploration (PUM A-TSXV) is pleased to announce that
following its press release of October 15, 2019, it has obtained all necessary approvals from the TSX
Venture Exchange to consolidate its common shares on the basis of 10 pre -consolidation common
shares for 1 post-consolidation common share. The consolidation will be effective at the opening of
markets on Friday, October 25, 2019 (the « Effective Date »). The symbol for the common shares of
Puma remains unchanged.
At the Effective Date, Puma will have 27,609,972 post -consolidated common shares issued and
outstanding.
Puma has already sent a letter of transmittal to its registered shareholders outlining the procedures
to follow in order to exchange their current certificates representing common shares of Puma for
share certificates or DRS Advice Statements representing the po st-consolidation common shares.
Shareholders are asked to carefully read the instructions on the letter of transmittal in order to
proceed with such exchange and can contact TSX Trust Company at 1 -866-600-5869 for any
questions in connection with the exchange.
DEAR STRATEGY
In connection with the current reorganization of the Company, Puma has defined a four-part strategy
for 2019 -2020 and beyond: Development, Exploration, Acquisition and Royalties/Ownership
(DEAR).
Each part of this strategy is aimed at generating value for shareholders and are defined as follows:
• Development of the Murray Brook Deposit, where the gossan and oxide zones will be
investigated to determine the economics and upside potential of the precious metal contents
and recovery within these zones. The goal is to convert the surface zone materials that were
previously categorized as waste to potential mineable ore.
• Exploration of our advanced stage projects located at the Murray Brook Deposit and Chester
Property, aimed at discovering new satellite and conti guous deposits with our drill -ready
targets. The objective is to define the 10 best drilling targets at Murray Brook and Chester.
• Acquisition of prospective new properties using our expertise and knowledge acquired in the
last 15 years of exploration in New Brunswick will offer a variety of different metals exposures
and potentially allow us to make new discoveries within these potential new properties.
• Royalties and ownership gained through the sell -off of non -core assets to third parties
represent a pote ntial major financial upside without direct dilution. Currently, Puma holds
14,200,000 shares (48%) of Target Minerals Inc. (1% NSR on Nicholas-Denys) and 100% of
Murray Brook Minerals Inc. (0.67% NSR on Murray Brook) and will hold 5,7 00,000 shares
(8%) of BWR Exploration Inc. (1% NSR on Little Stull Lake). Puma has also an option
agreement to sell the Red Brook Project to Rio Tinto.
175, rue Legaré | Rimouski (Québec) G5L 3B9
PUMA TSXV
www.explorationpuma.com
PUM TSXV
explorationpuma.com
ABOUT PUMA EXPLORATION
Puma is a Canadian mineral exploration company with advanced and early stage precious and base
metals projects in Canada. While the priority remains to secure and finalize the acquisition of the
Murray Brook project in New Brunswick, the emphasis will be directed to execute its DEAR strategy
to generate value to its shareholders. Puma is currently holding one of the largest land packages in
the prolific Bathurst mining camp in northern New Brunswick, Canada.
QUALIFIED PERSONS AND QC/AC
Technical information provided in this news release was prepared and reviewed by Marcel Robillard,
P.Geo., President of Puma Exploration, qualified person as defined by NI 43 -101. 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. Mr.
Robillard is not independent of the Company, as is officer and shareholders thereof.
You can visit us on Facebook and Twitter.
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 forwar d-
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 im plied 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.