Puma Exploration launches Trenching Program at Murray Brook East Property
PRESS RELEASE For imm ediate dissemination
Puma Exploration launches Trenching Program at Murray Brook East Property
Rimouski, June 22nd , 2017 – Puma Exploration Inc. (the “Company” or “P uma”) begins a trenching program at
Murray Brook East Property. The reconnaissance prog ram, aimed at providing the best land access and to
evaluate the work needed to proceed with the more a dvance work as Trenching and drilling operations is done
over the entire Murray Brook Project land package ( 7,678 hectares). It appears that most of the first priority
targets are located within or very close to wood cu tting areas and along logging roads, therefore mini mum
additional work will be needed to proceed with the trenching and stripping operations prior to the dri lling
program. Thus, the first area to be explored is the Murray Brook East Property.
Murray Brook East (4925)
The Murray Brook East Property (4925) consists of 2 45 claims (5326 hectares). Its eastern boundary is
contiguous to the Caribou Mining Lease (# 246) and is located only four kilometers west of the produci ng
Caribou Mine owned and operated by Trevali Mining Corp.
The previous operators of the Murray Brook Property conducted extensive preliminary exploration work f rom
2012 to 2015 which included geophysical surveys (He liTEM, Magnetic, Gravity) and geochemical surveys
(1,853 soil samples), bringing the property to dril l-ready targets. The surveys identified 5 first pri ority targets
to be explored. The previous drilling operation alo ng the 7 km long favorable horizon was conducted in 1956
and included only 10 short holes.
Private Placement
Puma Exploration Inc. has closed the first tranche of a non-brokered private placement financing of fl ow-
through units with qualified investors, employees a nd consultants as well as with existing shareholder s. The
company issued 2,160,000 million units at an issue price of eight cents (0.08$) per unit for gross pro ceeds of
$172,800. Each flow-through unit comprises one flow -through common share and one-half of one common
share purchase warrant. Each full warrant gives its holder the right to purchase one common share at a price of
15 cents (0.15$) per share until June 22nd , 2019.
In connection with this private placement, the comp any has paid cash finders' fees in an amount of $12 ,704
and issued 158,800 finders' warrants, each entitlin g the holder to acquire one additional common share of
Puma at a price of eight cents (0.08$) for 24 month s. All securities issued to purchasers and finders under the
offering are subject to a four-month hold period fr om the date of issuance of the securities pursuant to
applicable securities legislation and the policies of the TSX Venture Exchange. The placement has received the
conditional approval of the TSX-V.
The proceeds of the offerings will be used for the exploration and development of Puma's properties in New
Brunswick.
PUM TSXV
explorationpuma.com
About the Murray Brook Project
The Murray Brook Project consists of three (3) dist inct contiguous areas that cover more than 18 kilometers of
the favorable rock hosting the operating Caribou Mi ne (Trevali Mining Corporation), the Murray Brook
Deposit and the past operating Restigouche Mine. Fr om east to west, they are the Murray Brook East Pro perty
(4925), the Murray Brook Mining Lease (# 252) and t he Murray Brook West Property (7846). The Murray
Brook East and Murray Brook West Properties have be en subject to various degrees of exploration work a nd
share the same potential of increasing the mineral resources defined at the Murray Brook Deposit.
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 100% per-cent beneficial interest in the Murray Brook
Property, the Turgeon Zinc-Copper Project and the N icholas-Denys Project located in New Brunswick as w ell
as an equity interest in Black Widow Resources rela ted to the Little Stull Lake Gold Project in Manito ba.
Puma’s objective for the coming year is to focus its exploration efforts in New Brunswick.
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
The contents of this press release were prepared by Marcel Robillard, P.Geo., a Qualified Person as de fined in
NI 43-101. Neither TSX Venture Exchange nor its Reg ulation 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.
-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.