Puma Exploration provides update on the Murray Brook Property Acquisition
PRESS RELEASE For immedi ate dissemination
Puma Exploration provides update on the Murray Brook Property Acquisition
Rimouski, February 28 th , 2017 Puma Exploration Inc. (PUM: TSX-V) (the “Company “or “PUMA”) is
pleased to release an update on the acquisition of the Murray Brook Property.
Murray Brook Property Transaction
As previously reported in Puma’s news release on De cember 21 st , 2016 a revised NI 43-101 compliant
underground resource estimate totaling 5.28 million tonnes averaging 5.24% Zn, 1.80% Pb, 0.46% Cu, 68.9 g/t
Ag and 0.65 g/t Au was completed and submitted to t he TSX Venture Exchange (the “Exchange”). On
February 20 th , the NI 43-101 report was accepted and filed on SEDAR.
On February 24 th , 2017, Puma Exploration closed the purchase agreement with Votorantim Metals Canada Inc.
and acquired approximately 67.9-per-cent beneficial interest in the Murray Brook zinc-lead-copper-silv er
volcanogenic massive sulphide (VMS) deposit.
Additionally, El Nino Ventures Inc. (“ELN”) and PUM A have agreed to extend the closing date for the
acquisition of ELN’s interest in the Murray Brook Property to, on or before, March 31 st , 2017. To demonstrate
that PUMA is confident that the deal will close, th e Company is providing to ELN a deposit in the amou nt of
$60,000 to be credited against the closing cash consideration for the acquisition of the Murray Brook Property.
In the event that the transaction contemplated in the Asset Purchase Agreement with ELN does not close on, or
before, March 31 st , 2017 the $60,000 deposit will be retained by ELN.
PUMA has closed the second and final tranche of its current private placement on February 24 th , 2017 (see
news releases of 2017-02-01 and 2017-02-24). A tota l of $955,050 was raised by issuing 13,643,569 unit s at a
price of $0.07. Each unit is comprised of one comm on share and one full warrant entitling the holder to
acquire one common share at a price of $0.15 for 24 months.
PUMA’s projections for 2017 in view of the purchase of the Murray Brook Deposit (“MBD”) are as follows:
1) Produce a new PEA during 2017 focused on developing an underground mining scenario of the higher
grade sulphide portions of the MBD contained in the current Mineral Resource Estimate.
2) Proceed with additional advanced recovery (metallur gical) tests on the MBD’s mineralization,
focusing on GOLD and SILVER recovery with the objective of establishing the economic value of the
MBD.
3) Proceed with a drilling exploration program to deli neate the size of the deposit and potentially find
more deposits along strike in the direction of the Caribou Mine.
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 approximately 67.9-per-cent beneficial interest in the
Murray Brook Property, the Turgeon Zinc-Copper Proj ect, the Nicholas-Denys Project in New Brunswick an d
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 are welcome to visit us at the 2017 PDAC in Toronto at the Booth #3336.
You can visit us on Facebook and Twitter.
PUM TSXV
explorationpuma.com
Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
Marcel Robillard, President
(418) 724-0901 Toll free: (800) 321-8564
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.
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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.