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PUMA.V ·

Puma increases strategic land holdings at Murray Brook Zinc Project, New Brunswick, Canada

Mergers & Acquisitions Property Options & Staking

PRESS RELEASE For immedi ate dissemination

Puma increases strategic land holdings at Murray Brook Zinc Project, New Brunswick, Canada

Rimouski, April 18 th , 2017 Puma Exploration Inc. (PUM: TSX-V) (the “Company” or “PUMA”) has

secured strategic land holdings at the Murray Brook Project by staking 86 additional claims (2,000 ha) that

cover the favourable rock formation hosting the ope rating Caribou Mine (Trevali Mining Corporation), t he

Murray Brook Deposit as well as the past operating Restigouche Mine.

The new claims (100% Puma) are located west and con tiguous to the Murray Brook Mining Lease (252)

toward the past operating Restigouche Mine over a s trike length of six (8) kilometers. It covers drill -ready

targets contained within a similar geological setti ng as the Murray Brook Deposit. Puma’s geologists a re

currently compiling the available data to prioritize surface targets to be explored.

“The new acquisition strengthens Puma’s holdings in the Murray Brook area and secures its strategic la nd

positioning between the Caribou and Restigouche Min es, at this particular time of intense activity wit h the

present claim rush happening in New Brunswick where approximately 4,000 new claims (86,783 hectares)

have been staked over the past 3 months. Puma currently holds 67.9 per-cent beneficial interests in the Murray

Brook Property and is committed and confident to ac quire the remaining 32.1% from El Nino Venture. Thu s,

Puma will control 100% interest over more than 18 k ilometers of prime mining claims in one of the best Zinc

potential areas in Canada" notes Marcel Robillard, Puma’s President.

In addition, Puma has launched a Preliminary Econom ic Assessment (PEA) on its Murray Brook Deposit. Th e

updated PEA will assess the best means of extractin g mineralization and examine whether the project sh ould

start out as an open pit and later divert to underg round operations or begin with an outright undergro und

scenario. As well, the report will place an initial capital expenditure figure on the project. Differe nt mining

scenarios are possible at Murray Brook since the De posit starts at surface to 300 meters in depth with the

higher grade zone located between 200-300 meters deep.

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 67.9 per-cent beneficial interests in the Murra y Brook

Property, the Turgeon Zinc-Copper Project, the Nich olas-Denys Project in New Brunswick and an equity

interest in Black Widow Resources related to the Li ttle Stull Lake Gold Project in Manitoba. In 2017, Puma

will direct all of its efforts on the Company’s thr ee (3) main base metal projects in New Brunswick wh ich

consist of the Murray Brook, Turgeon and Nicholas-D enys projects with emphasis given to the Murray Bro ok

Property.

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]

PUM TSXV

explorationpuma.com

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.