PUMA Exploration Discover S a 4TH GOLD Zone at Williams Brook with Samples * Grading up to 9.87 G/T Au
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
NEWS RELEASE
PUMA EXPLORATION DISCOVER S A 4TH GOLD ZONE
AT WILLIAMS BROOK WITH SAMPLES * GRADING UP TO 9.87 G/T AU
Rimouski, January 19, 2023 – Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company"
or "Puma") is pleased to report the discovery of a 4th gold zone on its 100%-owned Williams Brook
Gold Project in Northern New Brunswick, Atlantic Canada (Figure 1). Grab* samples from the new
Panthera Gold Zone (“PGZ”) returned up to 9.87 g/t gold. The zone was explored briefly last fall ,
and more work is planned for 20 23. Puma’s work continues to prove the presence of a large
porphyry/epithermal gold system at Williams Brook with the potential for multiple deposits on the
large land package.
Figure 1: Main Gold Zones of the Williams Brook Property
PANTHERA GOLD ZONE
The Panthera Gold Zone (“PGZ”) is located about 12 kilometres northeast of the Lynx Gold Zone
(“LGZ”) along strike o f the O’Neil Gold Trend (Figure 1). The discovery has the same geological
characteristics as the other gold zones on the Williams Brook property: altered rhyolite containing
mineralized quartz veins. Last fall, t hree (3) trenches were excavated for a total of 310 metre s.
The trenches exposed gold in quartz veins at surface that graded 9.87 g/t Au, 8.67 g/t Au, 7.45
g/t, 6.18 /gt Au, 5.92 g/t Au, 5.15 g/t Au, 4.05 g/t gold and 3.27 g/t Au.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
This new gold discovery , similar to the Lynx Gold Zone, is located at the contact of a low/high
magnetic anomaly and coincides with significant gold enrichment in soil samples collected by
Puma in 2022 (Figure 2). Puma’s soil survey covered 3.8 km x 1.5 km and identified six (6) distinct
gold anomalies over a 2.5 km trend. The success of the preliminary sampling on th e newly
identified Panthera Gold Zone is very encouraging, and follow-up work is planned for 2023.
Figure 2: Grab* samples and gold soil anomalies at the Panthera Gold Zone
*The reader is cautioned that grab samples are selective by nature and may not represent the true metal
content of the mineralized zone.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
ABOUT THE WILLIAMS BROOK GOLD PROJECT
The Williams Brook Project is comprised of 6 claim blocks covering more than 4 6,000 ha in an
established and mining -friendly jurisdiction, near paved roads and with excellent infrastructure
nearby. The land package is located near the Rocky Brook Millstream Fault (“RBMF”), a major
regional structure formed during the Appalachian Orogeny and a significant control for gold
deposition in the region.
The Lynx Gold Zone (“LGZ”) is Puma’s main area of focus. It is interpreted to be a mineralized
felsic dome within a large gold system. It was discovered in 2020 by high-grade surface samples
and later recognized at depth in 2021 by hole WB21-02 that intersected 5.55 g/t Au over 50.15 m
from surface, including two high-grade gold veins with 9.88 g/t Au over 8.60 m and 46.94 g/t Au
over 3.85 m. A follow-up 10,000 m (113 holes) drilling program identified several new high-grade
veins at Lynx, including 51.73 g/t gold over 1.85 m (WB 22-66), 34.93 g/t gold over 3.00 m (WB22-
23), and 22.38 g/t Au over 3.20 m (WB22-36) and identified three (3) gold enrichment zones along
the 750 m strike length stripped to date.
A large orogenic/epithermal gold system is present at Williams Brook. Surface exploration work
has identified several additional gold targets along the extension of the OGT and other g old
trends on the large land package, including the Cougar (“CGZ”), Jaguar (“JGZ”) and Panthera
(“PGZ”) Gold Zones.
QUALIFIED PERSON
Dominique Gagné, PGeo, a qualified person as defined by Canadian National Instrument 43-101
standards, has reviewed and approved the geological information reported in this news release.
ON-SITE QUALITY ASSURANCE/QUALITY CONTROL ("QA/QC") MEASURES
Grab samples were bagged, sealed and sent to the facility of ALS CHEMEX in Moncton, New
Brunswick, where each sample was dried, crushed, and pulped before being fire- assayed (Au-
ICP21). The remaining coarse reject portions of the samples remain in storage for further work or
verification as needed. As part of its QA/QC program, the Company inserts external gold
standards (low to high grade) and blanks for every batch of surface samples. All samples over 10
g/t gold or with abundant visible gold are analyzed with a gravity finish (Au-GRA22).
Check assays are routinely performed for samples with visible gold to ascertain the gold content
of the mineralization zone.
ABOUT PUMA EXPLORATION
Puma Exploration is a Canadian -based mineral exploration company with precious metals
projects located near the Famous Bathurst Mining Camp (“BMC”) in New Brunswick, Canada.
The Company is committed to its DEAR strategy (Development, Exploration, Acquisition and
Royalties) to generate maximum value for shareholders with low share dilution.
Connect with us on Facebook / Twitter / LinkedIn
Visit www.explorationpuma.com for more information or contact:
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Marcel Robillard, President and CEO, (418) 750-8510;
Mia Boiridy , Head of Investor Relations and Corporate Development, (250) 575 -3305;
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accept 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 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 implied 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.