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Puma Extends the Murray Brook Deposit Southwest with a drill intercept of 6.60% Zn, 1.70% Pb, 0.53 g/t Au, 71 g/t Ag, 1.15% Cu over 10 meters

Drill Results

175, RUE LEGARÉ, RIMOUSKI (QUÉBEC) CANADA G5L 3B9

TEL.: 418. 724.0901 FAX: 418.722.0310

[email protected]

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PRESS RELEASE

Puma Extends the Murray Brook Deposit Southwest with a drill intercept of 6.60% Zn,

1.70% Pb, 0.53 g/t Au, 71 g/t Ag, 1.15% Cu over 10 meters

Rimouski, November 9 th , 2017 – Puma Exploration inc. (the “Company” or “Puma”) is pleased to

announce the results of drillholes MB17-02 and MB17 -03 from the 2017 drilling program at its Murray

Brook Deposit in New Brunswick. Hole MB17-03 inters ected the surface rich zinc and copper zone grading

6.60% Zn, 1.70% Pb, 0.53 g/t Au, 71 g/t Ag, 1.15% C u over 10 meters and a new copper stringers zone

grading 1.02% Cu over 26 meters.

The 2017 preliminary drilling program consisted of three (3) holes (774m), including one deep hole and two

shallow, the first was designed to verify the exten sions, at depth, of the Murray Brook Deposit. As re leased,

Hole MB17-01 successfully intersected impressive massive sulphide mineralization over 405 meters grading

3.3% Zn, 1.1% Pb, 0.95g/t Au, 42g/t Ag, and 0.30% Cu (see press release of October 31 st , 2017). The two

shallow holes followed to confirm the continuity of the fertile Caribou Horizon near the known deposit.

Hole MB17-03 intersected a new zone of copper strin gers near surface grading 1.02% Cu over 26 meters

including a higher zone with 1.47% Cu over 13 meters . This new zone opens the western side of the

Murray Brook Deposit along the favorable and fertil e Caribou Horizon which shows over a length of one

kilometer high priority targets (refer to Figure 1) . Results from hole MB17-02 allowed to outline str uctural

constraints and to orient future exploration work.

These priority targets are indicated by major gravity, chargeability and Megatem (EM) anomalies. In light of

the results from these holes, Puma has started an i mportant exploration program in the vicinity of the newly

expanded southwest section of the Deposit which will include trenching and drilling operations.

Hole MB17-02

Hole MB17-02 was collared in the south part of the West Zone (Zinc) and drilled at a -45° declination for a

total depth of 72 meters. A major fault with a widt h of 8 meters was intercepted and consisted mainly of

quartz veins. The sediments in this hole were less altered with a few intervals of felsic volcanic int erbedded.

The best intersection was 0.42 g/t Au, 0.96% Pb+Zn over 2.7 meters located in the altered footwall

sediments. However, hole MB17-02 does confirm prev ious exploration results and directs the upcoming

exploration program to the more favourable Caribou Horizon located directly west of the hole.

Hole MB17-03

Hole MB17-03, drilled at a -50 declination to a tot al depth of 153 meters, is located at the western b oundary

of the West Zone (Zinc) of the Murray Brook Deposit (refer to figure 2). The hole encountered three (3 )

separate significant zones:

1) a Gossan zone, 6 meters wide grading 0.96 g/t Au, 255 g/t Ag, 5.95% Pb;

2) a massive sulphide zone of 10 meters width, having grades of 6.60% Zn, 1.70% Pb, 0.53 g/t Au, 71

g/t Ag, 1.15% Cu and;

3) a stringer zone, 13 meters in width grading 1.47% Cu, 0.62% Zn.

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The entire hole is located mainly inside the footwa ll alteration sediments of the Deposit and opens th e

mineralized zone westward at depth along the fertil e Caribou Horizon. Please refer to Table 1 for high lights

of the results.

Table 1. Significant Intercepts in Holes MB17-02 and MB17-03*

Drill Hole From To Length Au Ag Cu Pb Zn Zone

(m) (m) (m) g/t g/t % % %

MB17-02 23.3 26.0 2.70 0.42 8 0.16 0.28 0.68 Disse minated

MB17-03 21.0 27 6.0 0.96 255 - 5.95 - Gossan

27.0 37 10.0 0.53 71 1.15 1.70 6.60 MS

56.0 82.0 26.0 - - 1.02 - - Stockwork

incl. 56.0 69.0 13.0 - - 1.47 - 0.62 Stockwork

* True thickness is estimated to be approximately 70-90% of the reported intervals.

As commented by Marcel Robillard, President of Puma : “The hole MB17-03 has significantly expanded and

opened the discovery area of the Murray Brook Depos it toward west along the fertile Caribou Horizon. I t

allows us to further increase the footprint of the deposit closer to the surface and will focus curren t

exploration efforts along the Caribou Horizon at proximity of the Murray Brook Deposit“.

Exploration Program

The next phase of the 2017 exploration program has begun on one (1) kilometer of prospective new area in

the western part of the Murray Brook Deposit and wi ll consist of trenching and drilling. Puma’s geolog ists

have defined several new high priority targets base d on their stratigraphic location and proximity to the

Deposit. These targets are along the fertile Caribo u Horizon, where an historic hole intersected 2.10% Cu

over 1.9 meters near a major chargeability anomaly and two (2) gravity anomalies (see Figure 1).

Qualified Persons and QC/AC

The content of this press release was prepared by Marcel Robillard, P.Geo., President and Dominique Gagné,

P.Geo., Vice President Exploration, qualified perso ns as defined by NI 43-101, who supervised the

preparation and technical information that forms th e basis for this news release. Neither TSX Venture

Exchange nor its Regulation Services Provider (as t hat term is defined in the policies of the TSX Vent ure

Exchange) accepts responsibility for the adequacy o r accuracy of this release. Mr. Robillard and Mr. G agné

are not independent of the Company, as both are off icers and shareholders thereof. The samples were

prepared, sent, processed at ALS Val D’Or, Québec and ALS Sudbury, Ontario. All samples were assayed by

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.

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 rocks that host the operating Cari bou Mine (Trevali Mining Corp.), the Murray Brook

Deposit and the past operating Restigouche Mine (Tr evali Mining Corp.). From east to west, the project

comprises the Murray Brook East Property (4925), th e Murray Brook Mining Lease (# 252) and the Murray

Brook West Property (7846) (refer to website).

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The Murray Brook East and Murray Brook West Propert ies 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. The Company has defined several future priority targets on these properties (see Figure 2).

The Murray Brook deposit has a currently defined me asured and indicated mineral resources of 5.28 million

tonnes averaging 5.24% zinc, 1.80% lead, 0.46% copp er, 68.9 g/t silver and 0.65 g/t gold . The core of

the mineral resource occurs in the West Zone which is 200 meters wide, extending from surface to 300

meters vertical and the true thickness of the massive sulphide body varies from 75 meters to 100 meters. The

East Zone (Copper-Gold) is 100 meters wide, also ex tending from surface to 300 vertical meters and is

mainly mineralized with gold and copper. On Februar y 20 th 2017, a NI 43-101 report was accepted and filed

on SEDAR.

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% per cent beneficia l

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 inter est in BWR Resources, Manitoba. Puma’s objective fo r

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

[email protected]

-30-

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.

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PUM TSXV

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PUM TSXV

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