Rimouski, December 20, 2018 – Puma Exploration (PUM-TSXV) is pleased to report exploration activities on its 100% owned Turgeon Copper-Zinc project in the northern New Brunswick. Since August 2018, Puma’s team has conducted field work at Turgeon that included mapping and prospecting, trenching and BHEM geophysical surveys culminating with a drilling program which started on December 3rd, 2018). The main objective of the 2018 exploration program was aimed at identifying new deposits close to the known VMS Deposits of Powerline, Zinc Zone and the newly discovered Dragon lens.     The Dragon lens was discovered in late 2013, approximately 200 meters south of the main Powerline and Zinc Zones. Drillhole FT13-13 intersected 4 meters of massive sulphides grading 1.01% Cu and 0.78% Zn (press release 29\04\2014). The autumn 2014 drill program included a massive sulphide intercept grading 5.66% Zn, 0.38% Cu and 2.3 g/t Ag over               6.8 meters starting downhole at 219.1 meters and including 10.05% Zn and 0.23% Cu over 2.7 meters in Drillhole FT14-05 (press release 25/02/2015). The surface expression of the Dragon zone is 300 meters long by 75 meters wide within the favorable corridor that extends for at least 2km along strike in each direction from the Dragon.     We were very excited to launch the drilling program at Turgeon. The recent targets defined by the OreVision IP survey which identified major untested targets in the favorable horizon, added to the other anomalies defined by the Magnetic, EM and Geochemistry surveys pointing out in the same area” notes Marcel Robillard, President of Puma Exploration. Highlights of the 2018 Exploration Program at Turgeon:     Puma’s crew, with a Bathurst VMS Expert, conducted a mapping project on Turgeon property specifically the southwest part of the property where no grid lines exist. The mapping confirmed the distribution of mineralization, which is centered upon an early, northerly trending alteration pipe with an intensely silicified cap. The trenching program was launched in November 2018 and is still in progress. A total of 12 trenches for                           600 meters was excavated so far. The program will end at the Christmas break. The western side of the Dragon zone represents so far, the best potential area with sulphides mineralisation discovered at surface. No hole was drilled in this area before.     From September 15th to October 3rd, 2018 four (4) holes (1,570 meters) in the Dragon lens area were surveyed to identify EM conductors that could be related to massive sulphide and/or Copper Feeder Zone. The surveys are completed, and the interpretation is in progress.     The drilling program (2,000m), started on December 3rd aimed at testing the targets defined by the recent work on the property combined with the ground geophysical survey conducted in 2015. The main priority is to find a new mineralized system in the same trend as known VMS lens below the key unit represented by silicified cap. The 2015 geophysical survey revealed five (5) priority untested target anomalies along the favourable horizon and on new zones never tested.     Puma’s 2018 Exploration Program in New Brunswick Puma has maintained its focus on the prolific Bathurst Mining Camp of New Brunswick, Canada. The Bathurst Mining Camp, famous for its giant Brunswick #12 mine, hosts significant near surface resources benefiting from close proximity to all infrastructures needed for mine development and compares advantageously with established Canadian mining jurisdictions.   Most of the exploration effort in 2018 was conducted on the Murray Brook Project, currently developed and explored with our partner Trevali Mining Corporation”, notes Marcel Robillard, President of Puma Exploration.     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 of Puma Exploration, qualified persons as defined by NI 43-101, who supervised the preparation and technical information that forms the basis for this news release. Neither TSX Venture Exchange nor its Regulation 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. Mr. Robillard and Mr. Gagné are not independent of the Company, as both are officers and shareholders thereof.     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 consist of  a) an option to acquire 100% beneficial interest in the Murray Brook property (which was subsequently optioned to Trevali Mining Corporation (see press release 2018/03/02), b) the wholly owned Turgeon Zinc-Copper project and c) the Nicholas-Denys project, all located in the Bathurst Mining Camp of New Brunswick, d) as well as an equity interest in BWR Resources, in Manitoba. Puma’s objective for the coming year is to focus its exploration efforts in New Brunswick and advance the Murray Brook deposit. 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 president@explorationpuma.com -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 achievements of Puma Exploration Inc. 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 Exploration 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.Rimouski, December 10th, 2018 – Puma Exploration Inc. (the “Company” or “Puma”) announces that by mutual agreement, Votorantim Metals Canada Inc. (“Votorantim”) and Puma have agreed to modify the terms of the amended and restated Asset Purchase Agreement signed October 5th, 2016, as amended thereafter. Pursuant to the amending agreement signed by Puma and Votorantim, Puma now has until March 31st, 2019 to proceed with the final $3M cash consideration. The date at which the Environmental bond must be assumed has also been postponed to March 31st, 2019. Once the final cash consideration payment is made and the Environmental bond is assumed, title to the mining claims will be transferred. Puma also signed an amending agreement with Trevali Mining Corporation (“Trevali”) to amend the option agreement signed on April 27th, 2018. Pursuant to such amending agreement, Trevali will also have until March 31st, 2019 to complete its payments to Puma in order to exercise its option. “We are very pleased with the amended terms between the parties which provides more time to optimize and finalize the current studies and surveys in progress at Murray Brook to achieve our shared objective to complete the acquisition and define the best mining scenario for the Murray Brook deposit” notes Marcel Robillard, President of Puma. Highlights of the work conducted on the Murray Brook property since the commencement of the Option Agreement with Votorantim are the following: 2017   2018   2018 (continued) Since the start of the Option Agreement between Puma and Votorantim, approximately $2.4M has been invested by Puma and his partner Trevali in exploration and development work at the Murray Brook property. Other Corporate Matter 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 of Puma Exploration, qualified persons as defined by NI 43-101, who supervised the preparation and technical information that forms the basis for this news release. Neither TSX Venture Exchange nor its Regulation 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. Mr. Robillard and Mr. Gagné are not independent of the Company, as both are officers and shareholders thereof.   About the Murray Brook Project The Murray Brook project consists of three (3) distinct contiguous areas that covers 8,800 hectares and more than 18 kilometers of the favorable rocks that host the operating Caribou Mine (Trevali Mining Corp.), on the east side, the Murray Brook deposit and the past operating Restigouche Mine (Trevali Mining Corp.). From east to west, the Murray Brook project comprises 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 increasing the mineral resources defined at the Murray Brook deposit and several future priority targets have been defined on these properties.     About the Murray Brook Deposit The Murray Brook deposit (Mining Lease #252) covers an area of 484 hectares with a currently defined measured and indicated mineral resources of 5.28 million tonnes averaging 5.24% zinc, 1.80% lead, 0.46% copper, 68.9 g/t silver and 0.65 g/t gold. The core of this 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 extending from surface to 300 vertical meters and is mainly mineralized with gold and copper. On February 20th,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 consist of an option to acquire 100% beneficial interest in the Murray Brook property, the wholly owned Turgeon Zinc-Copper project and the Nicholas-Denys project all located in the Bathurst Mining Camp of New Brunswick. As well as an equity interest in BWR Resources, exploring in Manitoba. Puma’s objective for the coming year is to focus its exploration efforts in New Brunswick and advance the Murray Brook deposit. 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 president@explorationpuma.com -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 achievements of Puma Exploration Inc. 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 Exploration 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.Rimouski, August 29th, 2018 – Puma Exploration Inc. (PUMA-TSXV) (the “Company” or “Puma”) and Trevali Mining Corporation (TV-TSX) (“Trevali”) are pleased to release the drill results for the metallurgical drilling program conducted at the Murray Brook Deposit. The program successfully intersected the Massive Sulphide Deposit in each hole matching perfectly with the Resources Model and a potential internal mine design. The metallurgical program consisted of 1,683 meters of drilling within seven (7) new holes collared on the Deposit. The locations, orientations and angles of the holes were defined according to a preliminarily mine design. The main targeted zones of the Deposit were the High-Grade Zinc Zone, the Low-Grade Zinc Zone and the High-Grade Copper Zone. The priority was to proceed with the High-Grade and Low-Grade Zinc Zones recovery tests and then evaluate any potential future benefit within the High-Grade Copper Zone, the Oxyde Zone and the Gold recovery of the Deposit. The recovery tests are currently in process at RPC Facility in Fredericton, New Brunswick. Highlights of the Metallurgical Drilling Program including 13.1% Zn, 4.8% Pb (17.9% Zn+Pb) over 27 meters.
  1. MB18-06A: 3.8% Zn, 1.2% Pb (5.0% Zn+Pb) over 158.1 meters;
including 7.6% Zn, 2.8% Pb (10.4% Zn+Pb) over 24 meters.
  1. MB18-07: 6.9% Zn, 2.4% Pb (9.3% Zn+Pb) over 87.1 meters;
including 10.2% Zn, 3.1% Pb (13.3% Zn+Pb) over 21 meters.   “We are very happy with the initial drill results of the metallurgical drilling program. Those results represent well the continuity and the high-grade core of the Massive Sulphide Deposit which brings different potential mining scenarios at Murray Brook”, notes Marcel Robillard, President of Puma Exploration.   The technical team is currently logging and sampling the drill holes of the geotechnical and exploration drill programs and are supervising the execution of Borehole geophysical surveys. The survey is aimed at localising new mineralised zones in proximity of the recent drill holes and characterizing the mineralization intersected in the holes. Table 1: Metallurgical Drill holes at the Murray Brook Deposit
Drillhole Easting Northing Azimuth Dip Length (m)
MB18-01 693363 5266826 185 -65   125
MB18-02 693192 5266696 350 -65   264
MB18-03 693192 5266696 180 -75   125
MB18-04 693197 5266798 60 -50   275
MB18-05 693190 5266852 240 -75   374
MB18-06A 693220 5266806 250 -63   242
MB18-07 693190 5266852 330 -80   278
1,683
Table 2: Significant Zinc drill results at the Murray Brook Deposit
DDH # From (m) To (m) Length Pb% Zn% Pb+Zn% Cu% Ag g/t
MB-2018-01 46.7 101.0 54.4 0.57 1.23 1.80 1.16 37
including 48.0 54.0 6.0 0.83 1.71 2.54 2.00 51
including 64.4 101.0 36.6 0.63 1.38 2.01 1.35 41
inc. 86.0 100.0 14.0 0.46 1.17 1.63 2.97 42
inc. 91.0 100.0 9.0 0.26 0.68 0.94 4.00 36
MB-2018-02 19.0 228.0 209.0 0.84 2.83 3.67 0.38 33
including 19.0 88.0 69.0 1.07 3.71 4.78 0.79 31
inc. 53.0 63.0 10.0 2.23 6.23 8.46 0.17 41
including 133.0 178.0 45.0 1.13 3.72 4.85 0.12 48
inc. 136.0 140.0 4.0 2.24 6.01 8.25 0.02 58
including 168.0 177.0 9.0 1.78 6.02 7.80 0.09 74
inc. 169.0 174.0 5.0 2.70 8.33 11.03 0.06 97
including 212.0 215.0 3.0 2.42 5.49 7.91 0.15 51
MB-2018-03 11.4 110.0 98.6 0.48 2.51 2.99 0.79 29
inc. 26.0 42.0 16.0 0.75 3.70 4.45 1.01 32
inc. 26.0 34.0 8.0 1.09 5.06 6.15 1.57 39
inc. 63.0 66.0 3.0 0.28 6.77 7.05 0.15 28
Including 80.0 102.0 22.0 0.87 3.73 4.60 0.19 42
inc. 85.0 99.0 14.0 1.22 4.87 6.09 0.20 52
inc. 85.0 92.0 7.0 1.38 6.10 7.48 0.11 60
MB-2018-04 114.0 252.3 138.3 0.69 1.56 2.25 0.65 37
Including 199.0 228.0 29.0 1.16 3.08 4.24 0.22 63
inc. 218.0 228.0 10.0 1.21 3.95 5.16 0.41 65
Table 2: Significant Zinc drill results at the Murray Brook Deposit (continued)
DDH # From (m) To (m) Length Pb% Zn% Pb+Zn% Cu% Ag g/t
MB-2018-05 109.4 230.3 120.9 2.05 6.11 8.16 0.11 70
Including 112.0 139.0 27.0 2.22 7.31 9.53 0.07 88
inc. 112.0 122.0 10.0 2.38 8.17 10.55 0.06 88
Including 179.0 230.3 51.3 3.07 8.54 11.61 0.13 93
inc. 182.0 217.0 35.0 3.84 10.72 14.56 0.15 117
inc. 190.0 217.0 27.0 4.80 13.09 17.89 0.11 142
inc. 198.0 210.0 12.0 7.38 17.25 24.63 0.12 196
inc. 204.0 207.0 3.0 8.17 20.10 28.27 0.15 207
MB-2018-06A 57.0 215.1 158.1 1.20 3.75 4.96 0.15 38
including 79.0 97.0 18.0 1.76 6.08 7.84 0.10 89
inc. 86.0 96.0 10.0 2.08 8.05 10.13 0.08 84
including 120.0 125.0 5.0 1.24 5.17 6.41 0.08 35
including 146.0 151.0 5.0 1.79 5.33 7.12 0.03 52
including 173.0 214.0 41.0 1.82 5.45 7.27 0.13 46
inc. 190.0 214.0 24.0 2.81 7.56 10.37 0.06 61
inc. 190.0 207.0 17.0 2.84 8.07 10.91 0.06 64
inc. 202.0 207.0 5.0 4.10 10.12 14.22 0.06 60
MB-2018-07 154.9 242.0 87.1 2.35 6.86 9.21 0.13 96
including 154.9 193.0 38.1 2.93 9.04 11.97 0.12 142
inc. 157.0 168.0 11.0 3.30 10.89 14.19 0.15 161
inc. 157.0 161.0 4.0 4.46 15.08 19.54 0.18 215
including 181.0 242.0 61.0 2.46 7.42 9.88 0.15 96
inc. 181.0 202.0 21.0 3.09 10.18 13.27 0.14 144
inc. 181.0 193.0 12.0 4.75 16.64 21.39 0.19 243
inc. 182.0 189.0 7.0 5.27 19.66 24.93 0.20 274
including 223.0 241.0 18.0 3.16 9.66 12.82 0.23 97
inc. 223.0 228.0 5.0 3.68 14.67 18.35 0.22 107
Note: the true thickness is ranging from 70%-90% of the core intercepts. Table 3: Significant Copper drill results at the Murray Brook Deposit
 DDH # From (m) To (m) Length Pb% Zn% Pb+Zn% Cu% Ag g/t
MB-2018-01 48.0 54.0 6.0 0.83 1.71 2.54 2.00 51
MB-2018-01 64.4 101.0 36.6 0.63 1.38 2.01 1.35 41
including 80.0 101.0 21.0 0.65 1.46 2.11 2.18 45
inc. 91.0 100.0 9.0 0.26 0.68 0.94 4.00 36
inc. 93.0 99.0 6.0 0.18 0.53 0.71 5.13 41
Table 3: Significant Copper drill results at the Murray Brook Deposit (continued)
 DDH # From (m) To (m) Length Pb % Zn % Pb + Zn % Cu % Ag g/t
MB-2018-02 19.0 38.0 19.0 0.61 1.85 2.46 2.11 31
including 20.0 29.0 9.0 0.70 1.99 2.69 3.12 37
inc. 21.0 26.0 5.0 0.84 2.25 3.09 4.29 40
MB-2018-02 220.0 224.0 4.0 0.15 0.25 0.40 2.20 26
MB-2018-03 12.0 36.0 24.0 0.63 3.19 3.82 2.53 41
including 12.0 26.0 14.0 0.43 2.75 3.18 3.12 42
inc. 12.0 18.0 6.0 0.61 2.84 3.45 4.00 63
MB-2018-04 114.0 189.0 75.0 0.67 1.30 1.97 0.85 33
including 114.0 128.0 14.0 0.22 0.48 0.70 1.03 20
inc. 141.0 173.0 32.0 0.68 1.41 2.09 1.01 33
MB-2018-04 240.0 252.3 12.3 0.37 0.92 1.29 1.196 13.7
Note: the true thickness is ranging from 70%-90% of the core intercepts. QC/AC protocols All sampling, drilling, testing and analysis are conducted using rigorous QA/QC procedures to ensure reliability and validity of results beyond basic regulatory guidelines. The driller is responsible for insuring that the core placed in boxes is in correct order and marking the length tags for each rod-length of core as well as the inside of the core boxes where the tag is located. This step is examined by the technician and supervised by the on-duty project geologist. The driller picks up core boxes from the drill site and takes them to the drill core logging facilities in Bathurst. Boxes are then laid out on logging tables and checked to make sure that the core is continuous and in the right order in each box. Geological logging of core is conducted, and sample positions are marked to conform to lithological/alteration changes. Sample numbers are written inside of the core boxes corresponding to pre-printed sample tags. Chalk lines are marked down to identify the axis of core, and boxes for sampling are moved to cutting area. Diamond saw blade cutters are used to cut the core in half. Core boxes are returned to their places in order on the logging tables. Strong plastic rock sample bags are labelled with sample’s number on the outside and the sample tags are inserted inside. Then, one half of the core is placed in its respective sample bag. The second half is kept at the Alliance warehouse for future reference. The samples are shipped, stored and assayed at the laboratory of the Caribou Mine site held by Trevali Mining Corporation. Trevali has an option to acquire 75% interest in the Murray Brook Deposit from where the drilling program was conducted. The samples are crushed and pulverized at a range of 80 to 100 microns. The crusher and pulverizer are cleaned with pressurized air between each sample. The samples are assayed by Absorption Atomic for Zinc (Zn), Lead (Pb), Copper (Cu), Silver (Ag) and Iron (Fe) content. For QA/QC, there are typically 8 standards runs for each batch of 25. A duplicate is done at least once every 50 samples, no blanks are run. Pulps are currently stored in the lab in labelled brown sealed bags which in turn are stored in organized labelled boxes. Coarse rejects are stored in labelled 18L pails on pallets inside the Alliance warehouse.     The Murray Brook Deposit The Murray Brook Deposit, which is the essence of the Strategic Alliance between the companies, is located 10 kilometers west of Trevali’s Caribou Mine and 10 kilometers east of Trevali’s Restigouche Deposit in the Bathurst Mining Camp of               New Brunswick, Canada.   The deposit has a measured mineral resource of 3.68 million tonnes grading 5.57% Zn, 1.87% Pb, 0.36% Cu, 70.5 g/t Ag and 0.56 g/t Au, plus indicated mineral resources of 1.60 million tonnes grading 4.48% Zn, 1.63% Pb, 0.70% Cu,                             65.3 g/t Ag and 0.88 g/t Au (for a combined measured and indicated resource of 5.28 million tonnes averaging 5.24% Zn, 1.80% Pb, 0.46% Cu, 68.9 g/t Ag and 0.65 g/t Au containing approximately 610 million pounds of Zinc, 209 million pounds of Lead and 11.7 million ounces of Silver, as of December 21, 2016. The core of the mineral resource occurs in the West Zone (Zinc-Lead) 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 extending from surface to 300 vertical meters and is mainly mineralized with Gold and Copper. On February 20th, 2017, a NI 43-101 report was filed on SEDAR. The Caribou Mine Trevali’s Caribou mine is located approximately 10 kilometers east of the Murray Brook Deposit. It comprises an underground mine, a 3.000-tonne-per-day (tpd) processing mill, a flotation recovery plant, metallurgical and geochemical laboratories, as well as a tailings management facility. 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 consist of an option to acquire 100% beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project, all located in New Brunswick. Also, Puma owns an equity interest in BWR Resources, Manitoba. Puma’s objective is to focus its exploration efforts in New Brunswick.   About Trevali Mining Corporation Trevali is a Zinc-focused base metal company with four mines: the wholly-owned Santander mine in Peru, the wholly-owned Caribou mine in the Bathurst Mining Camp of northern New Brunswick, its 90% owned Rosh Pinah mine in Namibia and its 90% owned Perkoa mine in Burkina Faso.   Qualified Persons Technical information provided in this news release was prepared and reviewed by Marcel Robillard, P.Geo., President,  and Dominique Gagné, P.Geo., Vice President Exploration of Puma Exploration, qualified persons as defined by 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 responsibility for the adequacy or accuracy of this release. Mr. Robillard and Mr. Gagné are not independent of the Company, as both are officers and shareholders thereof. Learn more by consulting www.pumaexploration.com for further information on Puma Exploration Inc. Visit us on Facebook and Twitter. Marcel Robillard, President Tel.: (418) 724-0901  |  email : president@explorationpuma.com -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 achievements of Puma Exploration Inc. 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 Exploration 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.Rimouski, June 14th, 2018 – Puma Exploration Inc. (the “Company” or “Puma”) and Trevali Mining Corporation (TV-TSX) (“Trevali”) held their first Technical Committee meeting, as contemplated in the Option Agreement signed and announced on April 30, 2018, whereby a budget of $1 million has been approved for the development and exploration work program (“Program”) on the Murray Brook Deposit (ML.252). The Murray Brook Deposit, which comprises 484 hectares, is located 10 kilometers west of Trevali’s Caribou Mine and 10 kilometers east of Trevali’s Restigouche Deposit along the favorable Caribou horizon in the Bathurst Mining Camp of New Brunswick, Canada. The Program’s goal is to move the Murray Brook Deposit to a production decision in a timely manner. Trevali will manage the advanced engineering studies and the technical aspects of the Program and Puma will be responsible for the field exploration and geological interpretation. The budgeted amount of $1 million is to be funded proportionally 75% by Trevali and 25% by Puma. Highlights of the 2018 Work Program at the Murray Brook Deposit include the following work: Trevali will provide their metallurgical consulting expertise through access to the Caribou metallurgical and geochemical labs, environmental design and monitoring, access to all relevant studies and reporting, CSR expertise, the Mi’kmaq Indigenous partnership. Discussions are underway to define the 2018 and beyond field exploration programs for the Strategic Exploration Alliance (refer to press release 02/03/2018 and 30/04/2018) in the Restigouche–Armstrong Belt region covering more than 32,000 hectares of prospective land in the northern boundary of the Bathurst Mining Camp. The Exploration Alliance 2018 field season will be released shortly. The Murray Brook Deposit The Murray Brook Deposit, has a currently defined measured and indicated mineral resource of 5.28 million tons averaging 5.24% zinc, 1.80% lead, 0.46% copper, 68.9 g/t silver and 0.65 g/t gold containing 610 M lbs of zinc, 209 M lbs of lead and 11.7 M ounces of silver. The core of the mineral resource occurs in the West Zone (Zinc-Lead) 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 extending from surface to 300 vertical meters and is mainly mineralized with gold and copper. On February 20th 2017, a NI 43-101 report was filed on SEDAR. The Caribou Mine Trevali’s Caribou mine is located approximately 10 kilometers east of the Murray Brook Deposit. It comprises an underground mine, a 3,000-tonne-per-day (tpd) processing mill, a flotation recovery plant, metallurgical and geochemical laboratories, as well as a tailings management facility. 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 consist of an option to acquire 100% beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project all located in New Brunswick as well as an equity interest in BWR Resources, Manitoba. Puma’s objective is to focus its exploration efforts in New Brunswick. About Trevali Mining Corporation Trevali is a zinc-focused base metal company with four mines: the wholly-owned Santander mine in Peru, the wholly-owned Caribou mine in the Bathurst Mining Camp of northern New Brunswick, its 90% owned Rosh Pinah mine in Namibia and its 90% owned Perkoa mine in Burkina Faso. Qualified Persons and QC/AC Technical information provided in this news releases was prepared and reviewed by Marcel Robillard, P.Geo., President and Dominique Gagné, P.Geo., Vice President Exploration of Puma Exploration, qualified persons as defined by 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 responsibility for the adequacy or accuracy of this release. Mr. Robillard and Mr. Gagné are not independent of the Company, as both are officers and shareholders thereof. 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 president@explorationpuma.com -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 achievements of Puma Exploration Inc. 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 Exploration 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.Rimouski, June 13th, 2018 – Puma Exploration Inc. (the “Company” or “Puma”) announces an update on various corporate matters. Over the past two years, the Company has focused its efforts on the acquisition, the development and the exploration of the Murray Brook project in New Brunswick, with the goal of seeing the Murray Brook Deposit go into production. On April 27th, 2018, the Company signed an option agreement and a strategic alliance with Trevali Mining Corporation, the only base metals producer in New Brunswick. Therefore, for the current year, the Murray Brook project will remain the focus of Puma’s activities. The partners are currently defining the development and exploration program which will be released once available.   Board Member Resignation The Company would also like to announce the resignation, effective on June 12th, 2018, of Isabelle Valiquette from the Board of directors of Puma Exploration and welcomes Mrs. Valiquette as special advisory to the Board. “Following the sale of Murray Brook Minerals to Puma Exploration in February 2017, I felt an obligation to follow the evolution of the Company in order to better protect the interests of the Murray Brook Minerals shareholders. Since then, in the best interest of all its shareholders, Puma Exploration further decided to enter into a partnership with Trevali Mining Corp., the owner of the producing Caribou Mine, the adjoining property to the Murray Brook Deposit. Hence, considering the nature of the upcoming requirements, I feel it appropriate for me to let a more qualified person in regards to mining technical matters, occupy my seat on the Board of Puma. My interest in the progress of Puma remains intact and I will be delighted to bring assistance to the Company whenever required to do so”, notes Isabelle Valiquette. The company sincerely thanks Mrs. Valiquette for her services and support to Puma as she was instrumental to achieve the assets purchase of the Murray Brook Project. Stock Option In accordance with its compensation policy and stock option plan, on June 12th, 2018, the Board of directors of Puma Exploration (PUMA-TSXV) granted 5,400,000 stock options with an exercise price of $0.10, expiring on June 12th, 2023, distributed as follows: Directors                                             2,650,000 options Employees and service providers         2,750,000 options Warrants Extension Puma proposes to extend the expiry dates of 9,099,665 outstanding share purchase warrants (the "warrants") that were issued pursuant to a private placement completed July 19th, 2016.  Each warrant entitles the holder to purchase one common share in the capital of the Company at a price of $0.10 per share for a period of 24 months from the date of issuance which expires on July 19th, 2018. Subject to TSX Venture Exchange approval, the expiration of these warrants will be extended to December 31st, 2018. All other terms of the warrants will remain the same.   The Murray Brook Deposit The Murray Brook Deposit, has a currently defined measured and indicated mineral resource of 5.28 million tons averaging 5.24% zinc, 1.80% lead, 0.46% copper, 68.9 g/t silver and 0.65 g/t gold containing 610 M lbs of zinc, 209 M lbs of lead and 11.7 M ounces of silver. The core of the mineral resource occurs in the West Zone (Zinc-Lead) 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 extending from surface to 300 vertical meters and is mainly mineralized with gold and copper. On February 20th 2017, a NI 43-101 report was 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 consist of an option to acquire 100% beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project all located in New Brunswick as well as an equity interest in BWR Resources, Manitoba. Puma’s objective is to focus its exploration efforts in New Brunswick. Qualified Persons and QC/AC Technical information provided in this news release was prepared and reviewed by Marcel Robillard, P.Geo., President and Dominique Gagné, P.Geo., Vice President Exploration of Puma Exploration, qualified persons as defined by NI 43-101 standards. Neither the TSX Venture Exchange nor its Regulation 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. Mr. Robillard and Mr. Gagné are not independent of the Company, as both are officers and shareholders thereof. 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 president@explorationpuma.com -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 achievements of Puma Exploration Inc. 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 Exploration 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.
Rimouski, April 30th, 2018 – Puma Exploration Inc. (the “Company” or “Puma”) is pleased to announce the signing of the definitive Option Agreement with Trevali Mining Corporation (TV-TSX) setting the terms of the development and the exploration of the Murray Brook Deposit (M.L.252) and the signing of the Strategic Alliance Agreement (‘’SAA’’) setting the terms of the exploration of combined mining properties in the Restigouche–Armstrong Belt region of New Brunswick. Under the terms of the Option Agreement, Trevali will provide up to 7.5 million dollars funding to finalize the acquisition of the Murray Brook Project which includes the Murray Brook Deposit (M.L. 252) and the Murray Brook East Property by Puma within the timeframe negotiated with Votorantim Metals Canada Inc. (“VMC”) and El Nino Ventures Inc. (“ELN”). On April 30,2018, Puma received an amount of $1.5M which was used to make the payment of the same amount due to ELN on such date and the $2.0M loan recently received by Puma (see news release of February 26th,2018) was deemed to be repaid in full. Upon the acquisition by Puma of the VMC and ELN interest, the Murray Brook Deposit (ML 252) shall subsequently be owned by TV and PUMA on a 75% and 25% basis respectively and the combined exploration properties, part of the Exploration Alliance, shall be owned by TV and PUMA on a 51% and 49% basis respectively. According to the Option Agreement and the Strategic Alliance Agreement (SAA), exploration programs and budget plans to be applied on the properties will be under the guidance of a joint Technical Committee. The Technical Committee is set to meet, and the proposed plans and strategy will be announced shortly. About Murray Brook Deposit The Murray Brook Deposit, which comprises 484 hectares under mining lease 252, has a currently defined measured and indicated mineral resource of 5.28 million tons averaging 5.24% zinc, 1.80% lead, 0.46% copper, 68.9 g/t silver and 0.65 g/t gold containing 610 M lbs of zinc, 209 M lbs of lead and 11.7 M ounces of silver. The core of the mineral resource occurs in the west zone (zinc-lead) 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 extending from surface to 300 vertical meters and is mainly mineralized with gold and copper. On February 20th 2017, a NI 43-101 report was 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 consist of an option to acquire 100% beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project (100%) and the Nicholas-Denys Project (100%) all located in New Brunswick, as well as an equity interest in BWR Resources, Manitoba. Puma’s objective is to focus its exploration efforts in New Brunswick.   About Trevali Mining Corporation Trevali is a zinc-focused base metal company with four mines: the wholly-owned Santander mine in Peru, the wholly-owned Caribou mine in the Bathurst Mining Camp of northern New Brunswick, its 80% owned Rosh Pinah mine in Namibia and its 90% owned Perkoa mine in Burkina Faso. Qualified Persons and QC/AC Technical information provided in this news release was prepared and reviewed by Marcel Robillard, P.Geo., President and Dominique Gagné, P.Geo., Vice President Exploration of Puma Exploration, qualified persons as defined by 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 responsibility for the adequacy or accuracy of this release. Mr. Robillard and Mr. Gagné are not independent of the Company, as both are officers and shareholders thereof. 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 president@explorationpuma.com -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 achievements of Puma Exploration Inc. 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 Exploration 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.
RIMOUSKI, Quebec, March 16, 2018 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (the “Company” or “Puma”) is pleased to announce the closing of a non-brokered private placement with Trevali Mining Corporation (TSX:TV) for gross proceeds of CAD $500,000 worth of Units. Each Unit was offered at a price of $0,09 and consists of one common share and one-half of a warrant. The warrants are for a three-year term and the exercise price is $0,12. The proceeds will be used to advance the Strategic Exploration Alliance announced on March 02nd, 2018. Strategic Exploration and Development Alliance The private placement was agreed in connection with the signature of the LOI where Puma and Trevali entered into a Strategic Alliance for the development of the Murray Brook Deposit (ML 252) and the exploration of combined mining properties in the Restigouche–Armstrong Belt of New Brunswick. Trevali will provide up to CAD $7.5 million dollars funding required to finalize the acquisition of 100% of the Murray Brook Deposit and the Murray Brook East Property. Highlights Murray Brook Deposit (75% TV and 25% PUMA) Exploration Alliance (51% TV and 49% PUMA) This new Strategic Exploration and Development Alliance combines TV’s assets and expertise in mining with PUMA’s expertise and knowledge of the Restigouche-Armstrong belt that will benefit shareholders of both companies and allow for a more efficient development of New Brunswick’s mining resources. The completion of the transactions covered by the LOI is subject to the approval of the TSX Venture Exchange and the execution of definitive agreements before April 30th, 2018. 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 consist of a beneficial interest in the Murray Brook Property, as well as 100% of the Turgeon Zinc-Copper Project and the Nicholas-Denys Project all located in New Brunswick. The company also hold an equity interest in BWR Resources, Manitoba. Puma’s objective is to focus its exploration efforts in New Brunswick. About Trevali Mining Corporation Trevali is a zinc-focused base metal company with four mines: the wholly-owned Santander mine in Peru, the wholly-owned Caribou mine in the Bathurst Mining Camp of northern New Brunswick, its 80% owned Rosh Pinah mine in Namibia and its 90% owned Perkoa mine in Burkina Faso. Qualified Persons and QC/AC Technical information provided in this news releases was prepared and reviewed by Marcel Robillard, P.Geo., President and Dominique Gagné, P.Geo., Vice President Exploration of Puma Exploration, qualified persons as defined by 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 responsibility for the adequacy or accuracy of this release. Mr. Robillard and Mr. Gagné are not independent of the Company, as both are officers and shareholders thereof. 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 president@explorationpuma.com 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 achievements of Puma Exploration Inc. 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 Exploration 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.Rimouski, March 08th, 2018 – Puma Exploration Inc. (the “Company” or “PUMA”) is pleased to announce the signature of an Option Agreement with Rio Tinto Exploration Canada Inc. (“RTEC”) by which RTEC will purchase 100% undivided interest in the Red Brook project (“Project”). Under the terms of the Option Agreement, Rio Tinto Exploration Canada shall have the right to elect to exercise the Option and earn 100% undivided interest in the Project upon payment of $1,000,000 to PUMA over 5 years on the following terms: RTEC may, at any time or from time to time, accelerate the payment of any or all of the Payment amounts above satisfaction of such Payment(s). RTEC will grant PUMA a 1% NSR on all metals on the Project. The Royalty is capped at $10,000,000. RTEC will retain a right of first refusal on the Royalty. RTEC will satisfy the terms of the underlying agreement with a prospector (i.e., cash payments and exploration expenditures). At any time after satisfying the Commitment, RTEC may elect to terminate the Option Agreement with no interest earned and no further rights and obligations. All payments received by PUMA during the option are non-refundable. During the Option period RTEC will have the exclusive exploration and development rights to the Project. “We are delighted to welcome Rio Tinto Exploration Canada Inc. in New Brunswick and are confident that this collaboration is the first of a fruitful relationship between our companies that will generate new opportunities in the future” notes Marcel Robillard, President of Puma Exploration. 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 consist of an option to acquire 100% beneficial interest in the Murray Brook Property on which it has signed a Strategic Alliance LOI with Trevali Mining Corp, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project located in New Brunswick as well as an equity interest in BWR Resources, Manitoba. Puma’s objective is to focus its exploration efforts in New Brunswick. 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 of Puma Exploration, qualified persons as defined by NI 43-101, who supervised the preparation and technical information that forms the basis for this news release. Neither TSX Venture Exchange nor its Regulation 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. Mr. Robillard and Mr. Gagné are not independent of the Company, as both are officers and shareholders thereof. 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 president@explorationpuma.com -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 achievements of Puma Exploration Inc. 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 Exploration 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.Rimouski, March 02nd, 2018 – Puma Exploration Inc. (the “Company” or “Puma”) is pleased to announce the signature of a non-binding Letter of Intent (LOI) with Trevali Mining Corporation (TV-TSX) setting the terms of a Strategic Alliance for the development of the Murray Brook Deposit (ML 252) and the exploration of combined mining properties in the Restigouche–Armstrong Belt region of New Brunswick.
  1. Development of the Murray Brook Deposit
Trevali, a zinc-focused, base metal mining company, operates four (4) commercially producing properties including the Caribou Mine, currently the only producing mine in New Brunswick. The Caribou Mine is located less than 10 kilometres east of the Murray Brook Deposit. It comprises an underground mine, a 3,000-tonne-per-day (tpd) processing mill, a flotation recovery plant, metallurgical and geochemical laboratories as well as a tailings management facility. Under the terms of the LOI, Trevali will provide up to 7.5 million dollars funding to finalize the acquisition of the Murray Brook Deposit by Puma within the timeframe negotiated with Votorantim Metals Canada Inc. (“VMC”) and El Nino Ventures Inc. (“ELN”) and to repay the $2.0 million loan received by Puma (see news release February 26th, 2018). Following the acquisition by Puma of the VMC and ELN interest, the Murray Brook Deposit (ML252) shall be owned by TV and PUMA on a 75% and 25% basis respectively. Further exploration and development of the Murray Brook Deposit (ML.252) are to be funded proportionally thereafter subject to industry standard dilution clauses. Trevali will manage these programs including advanced engineering studies which will examine potential future production pathways for the polymetallic deposit. Once mine planning and operational requirements are concluded, the aim would be to move the Murray Brook Deposit to a production decision in a timely manner and tentatively to production in a two to three-year range. Trevali brings to the Strategic Alliance its expertise in advanced stage project management, with a proven track record of efficiently moving assets from exploration, through permitting and development, to production. Trevali will provide to the Strategic Alliance metallurgical consulting expertise, access to the Caribou metallurgical and geochemical labs, environmental design and monitoring, access to all relevant studies and reporting, CSR expertise, negotiation of agreements with the Mi’kmaq partners as well as access to the Caribou concentrator – thus reducing considerably operational costs for Puma. The Murray Brook Deposit, which comprises 484 hectares under mining lease 252, has a currently defined measured and indicated mineral resource of 5.28 million tonnes averaging 5.24% zinc, 1.80% lead, 0.46% copper, 68.9 g/t silver and 0.65 g/t gold containing 610 Mlbs of zinc, 209 M lbs of lead and 11.7 M ounces of silver. The core of the mineral resource occurs in the West Zone (Zinc-Lead) 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 extending from surface to 300 vertical meters and is mainly mineralized with gold and copper. On February 20th 2017, a NI 43-101 report was filed on SEDAR. Initial contact with the Department of Energy and Resource Development (ERD) of New Brunswick has brought a positive response for the proposed development of the Murray Brook Deposit, as well as Puma’s on-going exploration activities in the Bathurst Mining Camp.
  1. 2. Strategic Exploration Alliance
The Strategic Exploration Alliance between Trevali and Puma covers all existing claims held by both companies in the Murray Brook Project area as well as any new claims in the Restigouche–Armstrong Belt region covering more than 32,000 hectares of prospective land in the northern boundary of the Bathurst Mining Camp. The Strategic Exploration Alliance will be managed by Puma who was awarded the 2014 Junior Mining Award by the Prospectors and Developers Association of New-Brunswick for its on-going exploration work and valuable contributions to the Exploration, Mining and Minerals Industry of New Brunswick acquired since 2006. The Alliance includes six (6) properties for a total of 391 claim units (8,987 hectares) with the initial ownership set at 51% for Trevali and 49% for Puma, with standard dilution provisions, should one of the parties elect not to contribute. Through this Alliance, Puma gains access to four (4) new properties (1,286 ha.) all 100% previously held by Trevali. In addition, any new property acquired within the area of interest will be held 51%/49% by Trevali and Puma, unless one of them chooses not to participate in the acquisition. According to the Strategic Exploration Alliance, exploration programs and budget plans to be applied on the properties will be under the guidance of a Joint Technical Committee. “We are extremely pleased to join forces with Trevali Mining Corporation, who through their extensive experience and knowledge of the Bathurst Mining Camp, combined with their mining engineering expertise and strong financial position will bring the Murray Brook Deposit closer to production stage. Proximity of the producing Caribou Mine to the Murray Brook Deposit will significantly reduce overall operating costs. We see all Puma’s shareholders benefitting once the Murray Brook Deposit enters into production. As well, the Strategic Exploration Alliance offers shareholders of Puma with extensive possibilities for growth.” concludes Marcel Robillard, President of Puma Exploration Inc. ”Trevali is pleased to be partnering with Puma Exploration on the advanced stage of the Murray Brook Deposit,” stated Dr. Mark Cruise, Trevali’s President and CEO. “The agreement comports well our Bathurst Mining Camp strategy by leveraging our infrastructure and operational expertise to expand our footprint within the Camp. In addition the Strategic Alliance provides greater depth to our exploration efforts in the region including access to Puma’s experienced exploration team".
  1. 3. Concurrent Private Placement
In connection with the signature of the LOI, Puma and Trevali also entered into a subscription agreement pursuant to which Trevali agreed to subscribe for CDN$500,000 worth of units in the capital of Puma. Each Unit shall be offered at a price of $0.09 and will consist of one common share and one-half of a warrant. The Warrants will be fully transferrable, for a three year term and the exercise price will be $0.12. The proceeds will be used to advance the Strategic Exploration Alliance. The closing of the private placement, which is conditional upon the approval of the TSX Venture Exchange and other customary closing conditions, is expected to occur at the latest on March 15th, 2018. The completion of the transactions covered by the LOI is subject to the approval of the TSX Venture Exchange and the execution of definitive agreements before April 30th, 2018. 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 consist of an option to acquire 100% beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project all located in New Brunswick as well as an equity interest in BWR Resources, Manitoba. Puma’s objective is to focus its exploration efforts in New Brunswick. About Trevali Mining Corporation. Trevali is a zinc-focused, base metal company with four mines: the wholly-owned Santander mine in Peru, the wholly-owned Caribou mine in the Bathurst Mining Camp of northern New Brunswick, its 80% owned Rosh Pinah mine in Namibia and its 90% owned Perkoa mine in Burkina Faso. Qualified Persons and QC/AC Technical information provided in this news releases was reviewed by Marcel Robillard, P.Geo., President and Dominique Gagné, P.Geo., Vice President Exploration of Puma Exploration, qualified persons as defined by NI 43-101, who supervised the preparation and technical information that is provided in this news release. Neither TSX Venture Exchange nor its Regulation 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. Mr. Robillard and Mr. Gagné are not independent of the Company, as both are officers and shareholders thereof. 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 president@explorationpuma.com -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 achievements of Puma Exploration Inc. 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 Exploration 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.RIMOUSKI, Quebec, Feb. 26, 2018 (GLOBE NEWSWIRE) -- Puma Exploration Inc. (the “Company” or “PUMA”) is pleased to announce that it has paid to Votorantim Metals Canada Inc. (“VMC”) the amount of $2 million that was due on February 24th, 2018 under the Murray Brook Option Agreement whereby PUMA can acquire the 67.86% interest held by VMC in the Murray Brook Project. In order to proceed with such payment, PUMA obtained a $2 million loan from a third party. The loan bears interest at an annual rate of 7% and matures on May 24th, 2018. As collateral for the loan, PUMA has pledged the shares of its two subsidiaries. No finder fee or commission was paid in connection with the aforementioned loan. About the Murray Brook Project The Murray Brook Project consists of three (3) distinct contiguous areas that cover more than 18 kilometers of the favorable rocks that host the operating Caribou Mine (Trevali Mining Corp.), the Murray Brook Deposit and the past operating Restigouche Mine (Trevali Mining Corp.). From east to west, the project comprises the Murray Brook East Property (4925), the Murray Brook Mining Lease (# 252) and the Murray Brook West Property (7846) (refer to website). The Murray Brook East and Murray Brook West Properties have been subject to various degrees of exploration and share the same potential of increasing the mineral resources defined at the Murray Brook Deposit. The Company has defined several future priority targets on these properties. The Murray Brook deposit has a currently defined measured and indicated mineral resources of 5.28 million tonnes averaging 5.24% zinc, 1.80% lead, 0.46% copper, 68.9 g/t silver and 0.65 g/t gold. The core of the mineral resource occurs in the West Zone (Zinc-Lead) 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 extending from surface to 300 vertical meters and is mainly mineralized with gold and copper. On February 20th 2017, a NI 43-101 report was accepted and filed on SEDAR. About Puma Exploration Inc. PUMA is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company's major assets consist of an option to acquire 100% beneficial interest in the Murray Brook Property, the Turgeon Zinc-Copper Project and the Nicholas-Denys Project all located in New Brunswick as well as an equity interest in BWR Resources, Manitoba. PUMA’s objective is to focus its exploration efforts in New Brunswick. 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 of PUMA, qualified persons as defined by NI 43-101, who supervised the preparation and technical information that forms the basis for this news release. Neither TSX Venture Exchange nor its Regulation 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. Mr. Robillard and Mr. Gagné are not independent of the Company, as both are officers and shareholders thereof. 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 president@explorationpuma.com 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 achievements of Puma Exploration Inc. 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 Exploration 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.

175, rue Légaré
Rimouski, Qc
Canada G5L 3B9
Phone: (418) 724-0901
Fax: (418) 722-0310