Interview with Marcel Robillard, CEO of Puma Explorations

Our previous interview: https://youtu.be/U3ifBYsKwq0

Recording date: 9th November 2023

Puma Systematically Advancing Williams Brook Gold Project
Canadian junior explorer Puma Exploration has made significant progress in expanding its Williams Brook gold project in New Brunswick over the past year. Recent results from drilling and surface trenching continue to demonstrate resource growth potential as the company methodically advances the asset.

Drilling Extends High-Grade Lynx Zone
A core part of Puma's 2022 exploration program was 3,500 meters of drilling focused on expanding the high-grade Lynx Zone. Discovered in 2021, initial drilling returned exceptional grades up to 5 g/t gold over 50 meters from the surface at Lynx. However, continuity remained uncertain.

The latest drilling appears to have confirmed consistent mineralization both at depth and along strike. Puma's CEO Marcel Robillard summarized the success: "We went from 50m depth to 200m depth. The system, if it's an orogenic system, can go up to 800m deep."

In addition, the strike length has grown to over 700 meters and remains open. The consistency of intercepting the main 45-degree mineralized contact validates Puma's geological model, providing confidence for further growth.

Assay results on the final 6 holes will be released soon. Visible gold in 12 out of 24 holes provides visual evidence of continuity.

Surface Trenching Expands Footprint
Complementing drilling, extensive trenching expanded the surface footprint 50% from Lynx to the new northeastern Tiger zone. The total strike length now proven at surface is approximately 1.5 kilometers and open. Additional cost-effective trenching is planned for 2023 to further extend the footprint before renewed drilling.

Early Metallurgy Shows Potential
Initial metallurgical testing of Lynx mineralization returned exceptional recoveries up to 92% via simple gravity concentration with no chemical processing required. These early results showcase the potential for lower-cost processing with reduced environmental impact. Further studies are underway.

Set for Expanded 2023 Exploration
With positive results in hand, Puma plans expanded exploration in 2023 including further drilling, trenching, updated geological modeling, bulk sampling, and initial economic studies. The company is fully financed for these next steps with a solid cash balance and no need for near-term dilution.

Puma's systematic approach is successfully defining a large, high-grade gold system with open pit potential in a premier mining jurisdiction. As exploration continues, Williams Brook appears poised to drive significant resource growth and value creation.
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