PUMA Exploration Reports up to 121.50 G/T GOLD IN Grab Samples* from Last 2021 Surface Exploration Results
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
NEWS RELEASE
PUMA EXPLORATION REPORTS UP TO 121.50 G/T GOLD IN GRAB SAMPLES*
FROM LAST 2021 SURFACE EXPLORATION RESULTS
Rimouski, March 22, 2022 – Puma Exploration Inc. (TSXV: PUMA, OTC: PUXPF) (the "Company" or
"Puma") is pleased to report that additional surface samples collected at its Williams Brook Gold
Project in New Brunswick, Canada, last fall have returned high-grade gold. Four (4) grab samples*
that graded above 100 g/t Au (>3 oz/t Au) are located above Puma’s current drilling area (see Figure
1). Results from the last 566 grab samples collected as part of Puma's Fall 2021 stripping program at
the O'Neil Gold Trend ("OGT") have now been received. High-grade gold results will continue to be
used to identify drilling targets in the Company’s ongoing 10,000 m drilling program.
Figure 1: Location of selected grab samples* collected at the OGT
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
From the last 566 samples collected at the OGT last fall and reported today, 66 (11.6%) show gold
grades above 1.00 g/t Au. Of these, 21 returned gold grades above 10.00 g/t Au (see Table 1). The
average grade of this last batch (all 566) of results, ranging from below detection limit up to 121.50
g/t Au, is 2.01 g/t Au.
Based on the Company's previous success drilling high -grade gold areas identified at surface (grab
samples* of 241.00 g/t Au, 199.00 g/t Au, 57.40 g/t Au returned 5.55 g/t Au over 50.15 m at depth, see
Sept. 15, 2021 News Release), today’s results confirm and expand Puma’s priority targets in its ongoing
10,000 metres drilling program.
Table 1: Selected grab sample gold results above 10 g/t Au
Sample ID Au-GRA22 Sample ID Au-GRA22 Sample ID Au-GRA22 Sample ID Au-GRA22
Au g/t Au g/t Au g/t Au g/t
D248399 12.35 D248468 18.15 D248210 24.50 D279887 106.50
D249004 15.40 D248469 35.20 D248215 13.70 D279897 57.30
D249049 25.60 D248483 20.10 D248217 38.00 D279898 102.50
D248458 51.80 D248490 13.35 D248243 19.00 D279899 121.50
D248460 52.20 D248491 58.30 D248404 21.40 D279900 101.50
D248467 77.70
*The reader is cautioned that grab samples are selective by nature and may not represent the true metal
content of the mineralized zone.
UPDATE ON CURRENT DRILLING PROGRAM
The objective of the 2022 drilling program is to test the OGT along its 750 metres strike length and
confirm the depth extension of the high-grade gold-bearing quartz veins found on surface (see Figure
2). To date, nineteen (19) holes have been drilled for a total of 2,390 metres.
The holes, so far, were collared northeast of the Lynx Gold discovery, where a wide gold mineralized
zone was identified by drilling last summer, including the intersection of 5.55 g/t Au over 50.15 m in
hole WB 21 -02 (see Sept. 15, 202 1 News Release). The drilling targets areas where surface samples
have returned significant gold grades (> 1 g/t Au). Two thousand five hundred (2,500) core samples
have been sent to the laboratory for assaying. Results are pending and will be released when
received.
The systematic drilling will continue toward the O’Neil Gold Zone, located 250 meters southwest of
the Lynx Gold zone, targeting the contact between the sediments and the rhyolite.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
Figure 2: Current progress of the ongoing 10,000 m drilling program at OGT
QUALIFIED PERSON
Dominique Gagné, PGeo, a qualified person as defined by Canadian National Instrument 43 -101
standards, has reviewed and approved the geological information reported in this news release.
ON-SITE QUALITY ASSURANCE/QUALITY CONTROL ("QA/QC") MEASURES
Grab samples were bagged, sealed and sent to the facility of ALS CHEMEX in Moncton, New
Brunswick, where each sample was dried, crushed, and pulped before being fire assayed (Au-ICP21).
The remaining coarse reject portions of the samples remain in storage for further work or verification
as needed. As part of its QA/QC program, the Company inserts external gold standards (low to high
grade) and blanks for every batch of surface samples. All samples over 10 g/t gold or with abundant
visible gold are analyzed with gravity finish (Au -GRA22). Check assays are routinely performed for
samples with visible gold to ascertain the gold content of the mineralization zone.
PUMA TSXV
175, rue Legaré | Rimouski (Québec) G5L 3B9 www.explorationpuma.com
COVID-19 PRECAUTIONS
Puma has developed and implemented precautions and procedures compliant with Québec and
New Brunswick 's health guidelines. Strict protocols are in place to ensure the safety of all staff,
thereby reducing the potential for community contact and spreading of the virus.
ABOUT PUMA EXPLORATION
Puma Exploration is a Canadian -based mineral exploration company with precious metals projects
located near the Famous Bathurst Mining Camp (BMC) in New Brunswick, Canada. The Company is
committed to its DEAR strategy (Development, Exploration, Acquisition and Royalties) to generate
maximum value for shareholders with low share-dilution.
Connect with us on Facebook / Twitter / LinkedIn
Visit www.explorationpuma.com for more information or contact:
Marcel Robillard,
President, (418) 750-8510;
Mia Boiridy,
Head of Investor Relations and Corporate Development, (250) 575-3305;
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this
release.
Forward-Looking S tatements: 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 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 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.