PUMA Exploration Provides Update
175, RUE LEGARÉ, RIMOUSKI (QUÉBEC) CANADA G5L 3B9
TEL.: 418. 724.0901 FAX: 418.722.0310
PUM TSXV
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PRESS RELEASE
PUMA EXPLORATION PROVIDES UPDATE
Rimouski, September 15 th , 2017 – Puma Exploration Inc. (the “Company” or “Puma”) announces an
update on the field activities and other various co rporate matters. Puma Exploration has completed its initial
drilling program at the Murray Brook Deposit in the Bathurst Mining Camp (BMC) of New Brunswick.
A preliminary three (3) holes drilling program tota ling 774 meters designed to verify the depth and su rface
extensions of the Murray Brook massive sulphide dep osit was completed. The geologists are currently
logging the core, sampling the mineralized zones an d modelling new interpretations. The results will b e
released as soon as they become available. In the light of the current observations, a more aggressive drilling
program will be launched following a borehole EM survey on the Deposit.
Annual Meeting Results
Puma Exploration held its Annual General Meeting on August 24 th . All proposals submitted have been
endorsed by shareholders. These proposals included the appointment of Directors and Auditors and the
adoption of a Shareholder Rights Plan (SEDAR 2011-J uly, 25 th ). A total of shareholders representing more
than 28% of the capital stock of the Company have v oted positively on these proposals. Directors have been
elected to the Board with an approval rate of 81% o r more for each of the following candidates: Ms. An ne
Slivitzky, Ms. Isabelle Valiquette and Mr. Marcel Robillard, Arness Cordick and Richard Thibault.
In addition, during the meeting of the Board of Dir ectors that followed the AGM, Mr. Marcel Robillard was
re-elected president and CEO and Mr. Cordick, Chair man of the Board of Directors. Mr. Dominique Gagné
was re-elected to the position of vice-president ex ploration, while Ms. Ginette G. Brisson was re-elec ted to
the positions of CFO and Secretary. Ms. Anne Slivit zky, Mr. Richard Thibault, and Marcel Robillard wil l
form the audit committee.
Shareholder Rights Plan
A Shareholder Rights Plan is a mechanism, commonly used by public companies, designed to assist the
board in ensuring the fair and equal treatment of a ll shareholders in the face of an actual or contemp lated
unsolicited bid to take control of the company.
The objective of Puma’s Shareholder Rights Plan is to ensure that, in the event of a bid for control through an
acquisition of the Company’s common shares, the Board of Directors of Puma has sufficient time to evaluate
the bid, explore and develop alternatives in order to maximize shareholder value while seeing to the b est
interests of the Company.
Stock Option
In accordance with its compensation policy and stoc k option plan, on September 15 th , 2017, the Board of
Directors of Puma Exploration (PUM-TSXV) granted 2, 850,000 stock options with an exercise price of
$0.10, expiring on September 15 th , 2022, distributed as follows:
Directors 1,250,000 options
Employees and service providers 1,600,000 options
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Private Placement
Puma has closed a non-brokered private placement fi nancing of flow-through units with qualified invest ors,
employees and consultants. The company issued 1,250 ,000 units at an issue price of eight cents per uni t for
gross proceeds of $100,000. Each flow-through unit comprises one flow-through common share and one-half
of one common share purchase warrant. Each full war rant gives its holder the right to purchase one com mon
share at a price of fifteen cents per share until September 15 th , 2019.
In connection with this private placement, the Comp any has paid cash finders' fees in an amount of $4, 000
and issued 50,000 finder warrants, which will entitle holder to acquire one additional common share of Puma
at a price of eight cents for 24 months.
All securities issued to purchasers and finders und er the offering are subject to a four-month hold pe riod
from 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.
Murray Brook Deposit (Bathurst Mining Camp)
The underground sulphide mineral resource estimate of the Murray Brook Deposit comprises measured and
indicated mineral resources totalling 5.28 million tonnes averaging 5.24 per cent zinc, 1 .80 per cent lead,
0.46 per cent copper, 68.9 grams per tonne silver a nd 0.65 g/t gold. It contains 610 million pounds of
zinc, 209 million pounds of lead, 54 million pounds of copper, 11.7 million ounces of silver and 111,000
ounces of gold at a $85 per-tonne NSR (net-smelter- return) cut-off in the sulphide measured and
indicated categories . On February 20 th 2017, the NI 43-101 report was accepted and filed on SEDAR.
Puma is actually updating the PEA on the Murray Bro ok Deposit. Various economic and development
scenarios are currently studied, from a large open pit to a high grade zinc underground operation.
About the Murray Brook Project
The Murray Brook Project consists of three (3) dist inct contiguous areas that cover more than 18 kilom eters
of the favorable rock hosting the operating Caribou Mine (Trevali Mining Corp.), the Murray Brook Depo sit
and the past operating Restigouche Mine (Trevali Mi ning Corp.). From east to west, they are the Murray
Brook East Property (4925), the Murray Brook Mining Lease (# 252) and the Murray Brook West Property
(7846). The Murray Brook East and Murray Brook West Properties have been subject to various degrees of
exploration and share the same potential of increas ing the mineral resources defined at the Murray Bro ok
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 an option to acquire 100% per-cent beneficial interest in
the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project located in
New Brunswick as well as an equity interest in BWR Resources. Puma’s objective for the coming year is to
focus its exploration efforts in New Brunswick.
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Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc.
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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 Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts r esponsibility 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 achievemen ts of Puma Exploration Inc. to be materially differ ent
from actual future results and achievements express ed or implied by such forward-looking statements.
Readers are cautioned not to place undue reliance o n 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 st atements. These risks and uncertainties are describ ed in
the quarterly and annual reports and in the documents submitted to the securities administration.