Puma Exploration Inc. provides update on New Brunswick Operations
PRESS RELEASE For immediate dissemination
Puma Exploration Inc. provides update on New Brunswick Operations
Rimouski, March 30 th, 2017 Puma Exploration Inc. (PUM: TSX -V) (the “Company ” or “PUMA”) is
pleased to report on New Brunswick Operations. In 2017, Puma will direct all of its efforts on the Company’s
three (3) main base metals projects in New Brunswick which consist of the Murray Brook, Turgeon and
Nicholas-Denys projects with emphasis given to the Murray Brook Property.
Murray Brook Property
On February 24 th, 2017, Puma Exploration closed the asset purchase agreement with Votorantim Metals
Canada Inc. (“VMC”) and acquired approximately 67.9% beneficial interest in the Murray Brook zinc -lead-
copper-silver volcanogenic massive sulphide ( “VMS”) deposit. Currently, P UMA is looking at different
scenarios and evaluating quotes to initiate additional metallurgical work on the hig h grade zinc zone of the
deposit to focus on methods to improve lead, gold and silver recoveries. Also, Puma’s geologists are seeking to
identify first priority targets on the claims portion of the property in an effort to identify the potential to expand
the resource inventory in addition to those resources which comprise the Murray Brook deposit. Previous
work by VMC identified four (4) potential targets in between the Murray Brook deposit and the nearby
Caribou Minesite.
Additionally, El Nino Ventures Inc. (“ELN”) and P UMA have agreed to extend the closing date for the
acquisition of ELN’s interest in the Murray Brook Property to, on or before, April 30st, 2017. Because Puma is
confident that the deal will be closed, the Company is providing ELN with an additional deposit of $90,000 to
be credited against the closing cash consideration for the acquisition of ELN’s beneficial interest in the Murray
Brook Property. In the event that the transaction contemplated in the Asset Purchase Agreement with ELN
does not close on, or before, April 30th, 2017 the total $150,000 deposit will be retained by ELN.
Turgeon Project
The Turgeon property is located only 5 km south of the deep water port of Belledune in northern New
Brunswick. In 2010, the Company has fulfilled all the requirements for this agreement and holds a 100%
interest on the property. The Turgeon property is currently composed of two main deposits with four c opper-
zinc mineralized massive sulphide lenses over a 450 meters strike length. Two of the mineralized lenses
subcrop and mineralization can be observed at surface.
Drill programs conducted in 1983 by Esso Minerals allowed to evaluate a historical resource of 1.5 to 2.0
million tons grading 1.5% Cu and 4% Zn. These mineral resources estimates were achieved before the
establishment of the NI 43-101 standards and as such are historical resources and not to be relied upon. PUMA
has not done sufficient work to reclassify the resource as NI 43 -101 compliant. Since 1958, about 100 holes
have been drilled on the deposit for more than 25,000 meters of drilling. Impressive drilling results were
obtained by previous workers and are recorded in the public record. For example: 3.5% Cu over 11.5m, 7.9%
Cu over 7.5m, 4.4% Cu over 17.2m and 10% Cu over 7.5m. In the massive sulphide: 1.0% Cu + 2.7% Zn over
72.2m, 1.1% Cu + 4.7% Zn over 25.1m, 0.8% Cu + 12.4% Zn over 8.7m and 1.9% Cu + 5.0% Zn over 12.3m.
PUMA plans to complete NI 43-101 compliant resource estimates on the Turgeon Deposits during 2017.
Nicholas-Denys Project
The Ann’s Creek property is located 23 kilometers northwest of the city of Bathurst in New Brunswick. The
Company owns 100% of the mineral rights constituting 117 claims covering an area of 25.44 km 2. In 2008, an
indicated mineral resource (1,11M ounces) and inferred (0.78M oz) of of silver was calculated by Puma from
36 drill holes on the central part of the Haché lens which is approximately 100 m long and 50 m wide and
extends from surface to 150 m in depth. The aforementioned resources are historical resources and are not NI
43-101 compliant and not to be relied upon.
Since this estimate, 84 additional drill holes, totaling 20,000 meters, were completed on the Haché and Shaft
lenses over a strike length of 700 meters that represents only about 10% of the favorable structure. This work
discovered five new mineralized zones to a vertical depth of 450 meters.
The Haché lens, which was the subject of earlier drilling campaigns, can be used as an exploration model for
the entire property. The massive sulphide lenses contain silver and gold bearing quartz veins which range from
0.20 to 1.0 m thick define the heart of the Haché lens portions of which grade 225 g/t Ag and 1.2 g/t Au over
29.1 meters and 130 g/t Ag and 0.9 g/t Au over 31.0 meters. PUMA plans to initiate an updated resource
estimate on the Ann’s Creek Property during 2017.
Other Properties
All the current and active properties held by Puma Exploration are located in Northern New Brunswick within
or at the edge of the Bathurst Camp. These properties range from grassroots (early stage) to advanced projects.
PUMA is seeking to divest all or some of the Company’s interest in these other properties in order to focus its
efforts on the Murray Brook, Turgeon and Nicholas-Denys projects.
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 are the 67.9-per-cent beneficial interest in the Murray Brook
Property, the Turgeon Zinc -Copper Project, the Ni cholas-Denys Project in New Brunswick and an equity
interest in Black Widow Resources related to the Little Stull Lake Gold Project in Manitoba. Puma’s objective
for the coming year is to focus its exploration efforts in New Brunswick. Canada.
You can visit us on Facebook and Twitter.
Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
Marcel Robillard, President
(418) 724-0901
PUM TSXV
explorationpuma.com
The contents of this press release w ere prepared by Marcel Robillard, P.Geo., a Qualified Person as defined in
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.
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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 achievements of Puma Exploration Inc. 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 Exploration 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.
PUM TSXV
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