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Puma Exploration completes trenching and begins a 5,000 meters drilling program in the Murray Brook area

Exploration Programs

PRESS RELEASE For imm ediate dissemination

Puma Exploration completes trenching and begins a 5,000 meters drilling program in the

Murray Brook area

Rimouski, December 20th , 2017 – Puma Exploration Inc. (the “Company” or “P uma”) has completed the

second phase of a trenching program in the Murray B rook area. 29 trenches for a total of 1,900 meters were

excavated at close proximity of the Murray Brook De posit. Two (2) new showings found at respectively 1 00

meters west and 300 meters east from the Murray Bro ok Deposit (see figure 1) and will be the first pri ority

targets. The results of the trenching program are pending.

The mineralized zones will be the sites of the firs t holes to be drilled in the Murray Brook area. The technical

team is on site in order to get the drill sites and access road ready for the current drilling program. 5,000 meters

of drilling is planned to begin at close proximity of the Deposit and will move next to the Murray Bro ok East

Property contiguous to the Caribou Mining Lease held by Trevali Mining Corp.

Puma completed 34 trenches for a total of 3800 mete rs at Murray Brook East Property in the first phase of the

program conducted during the fall for a total of 69 trenches in 2017. Several discoveries and observat ions

made during the program have been helpful in the pl anning of the current drilling campaign. These

observations include the lithologic contact between sediments (VMS host rock) and the felsic volcanics as well

as mafic dikes and structures. The objective of thi s major trenching program was to verify the nature of the

first priority targets at surface defined by Puma g eologists and to locate precisely the current drill ing targets.

These first priority targets are based on major gravity, chargeability and Megatem (Em) anomalies identified.

Puma is proceeding with a geochemical drillcore sam pling program within the footwall and hangwall zones of

the Murray Brook Deposit to determine the alteratio n model along the favorable horizon. This alteratio n

survey will also help defining more precisely the drilling targets.

About the Murray Brook Project

The Murray Brook Project consists of three (3) distinct contiguous areas that cover more than 18 kilometers of

the favorable rocks that host the operating Caribou Mine (Trevali Mining Corp.), the Murray Brook Depo sit

and the past operating Restigouche Mine (Trevali Mi ning Corp.). From east to west, the project compris es the

Murray Brook East Property (4925), the 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 2 00 meters wide, extending from surface to 300 meter s

vertical and the true thickness of the massive sulp hide body varies from 75 meters to 100 meters. The East

Zone (Copper-Gold) is 100 meters wide, also extendi ng from surface to 300 vertical meters and is mainl y

mineralized with gold and copper. On February 20 th 2017, a NI 43-101 report was accepted and filed on

SEDAR.

PUM TSXV

explorationpuma.com

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 Proj ect 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.

Qualified Persons and QC/AC

The content of this press release was prepared by M arcel Robillard, P.Geo., President and Dominique Ga gné,

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 ad equacy or accuracy of this release. Mr. Robillard a nd 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 a nd ALS Sudbury, Ontario. All samples were assayed b y

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.

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Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.

Marcel Robillard, President

(418) 724-0901

[email protected]

-30-

Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-

looking statements involve a number of known and un known risks, uncertainties and other factors which may

cause the actual results, performance or achievements of Puma Exploration Inc. to be materially different from

actual future results and achievements expressed or implied by such forward-looking statements. Reader s are

cautioned not to place undue reliance on these forw ard-looking statements which speak only as of the d ate the

statements were made, except as required by law. Pu ma Exploration undertakes no obligation to publicly

update or revise any forward-looking statements. Th ese risks and uncertainties are described in the qu arterly

and annual reports and in the documents submitted to the securities administration.

PUM TSXV

explorationpuma.com