Puma adds second drill rig at McKenzie project

Executive Summary

• Puma Exploration Inc. has mobilized a second drill rig at its McKenzie gold project in Northern New Brunswick, expanding its inaugural 2,500-metre drilling program at the high-grade RIM gold zone.
• The first drill is currently focused on the southwest portion of the shear vein, having drilled less than 300 metres across eight short holes; preliminary logging confirms the presence of visible gold in quartz veins.
• The second drill targets the northern section of the RIM zone to assess the extent and continuity of extension veins beneath the surface, with initial holes planned between 25 and 50 metres in depth.

Key Details

• Drilling Program Scope: Inaugural program totaling 2,500 metres at the RIM gold zone.
• First Drill Status:
  • Focused on the continuous southwest portion of the shear vein (highest surface grades identified in 2024).
  • Completed eight short holes with a cumulative total of less than 300 metres.
  • Holes intersected mineralized quartz veins containing disseminated sulphides hosted within mudstone units.
  • Hole MK25-03 intersected a quartz vein showing four to five small grains of visible gold (VG).
  • Core is currently undergoing preliminary quick logging on-site; will be transported to the regional coreshack in Saint-Quentin for detailed logging and sampling before lab assaying.
• Second Drill Status:
  • Mobilized to the newly stripped area in the northern section of the RIM gold zone.
  • Primary objective: Assess extent and continuity of extension veins beneath the surface.
  • Initial drilling strategy: Short holes ranging from 25 to 50 metres in depth to understand geometry and grades for future targeting.
• Geological Context:
  • RIM zone characterized by a main shear vein to the south (mineralized along nearly entire strike length) and an array of extension veins to the north spanning 35 metres in width.
  • Zone remains open in all directions.
  • Grab sampling in 2024 and 2025 returned grades up to 601.33 grams per tonne Au.
• Quality Assurance:
  • Scientific content approved by Dominique Gagne, PGeo, VP of Exploration (Qualified Person under NI 43-101).
  • Rigorous QA/QC protocol including certified reference materials and blanks in every batch.
• Company Context:
  • Puma holds prospective gold landholdings near the Rocky Brook mill stream fault (RBMF).
  • Williams Brook project was optioned to Kinross Gold in October 2024.