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Puma Exploration keeps the Red Brook option agreement in good standing

Mergers & Acquisitions Property Options & Staking

PRESS RELEASE For imm ediate dissemination

Puma Exploration keeps the Red Brook option agreement in good standing

Rimouski, January 09 th , 2017 – Puma Exploration Inc. (the “Company” or “P uma”) is pleased to

announce that has fulfilled the requirements needed to satisfy th e terms of the second anniversary of the Red

Brook high grade Zinc Project in New Brunswick. Wit h the renewed interest of the Bathurst Mining camp

project and the activities in the area, Puma is very excited about the exploration plan for 2018.

The Red Brook option was acquired from a local pros pector’s following his recent discovery of high gra de

Zinc Massive Sulphide outcrop grading up to 13% Zn, 0.23% Cu and 2.5g/t Ag. The initial excavated, 40

meters by 15 meters area, also contains a Gold and Copper zone grading up-to 1.3 g/t Au and 0.53% Cu ( see

News release 19/01/2016).

Puma has completed preliminary channeling program on the Red Brook. The high grade zinc skarn discover ed

during the stripping has been confirmed with 2 chan nels sampled in Zone A with respectively 6.04% Zn o ver

3.0 meters and 5.2% Zn over 1.5 meters. All the samples collected show significant copper background content

with an average copper grade of 0.20% Cu for the en tire 119 channel samples. A gold and copper associa tion

has been observed in channels particularly in zone A with 0.10 g/t Au and 0.23% Cu over 15.8 meters.

The newly discovered Zone B could be the extension of the Popelogan Deposit reported to have an histor ical

resources of 3.1 M tons at 0.3 % Cu. The historical resources as been defined by Noranda in 1960 by 20

drillholes and were prepared prior to the implement ation of NI43-101 and use terminology not compliant with

current reporting standards. Puma has not made any attempt to re-classify the estimates according to c urrent

standards of disclosure and is not treating the est imate as current mineral resources or mineral reser ves.

Historical estimates should not be relied upon. The property covers an area underlain by Ordovician vo lcanic

and Silurian sediments intruded by Devonian intrusions, similar in age and composition of the Gaspe intrusive.

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

PUM TSXV

explorationpuma.com

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.

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

[email protected]

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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 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.