Puma's Subsidiary Murray Brook Minerals Acquires Mount McInnes Project

Puma Exploration Inc. (PUMA) has acquired a 100% interest in the Mount McInnes Project in Northern New Brunswick through its subsidiary, Murray Brook Minerals (MBM). The initial consideration for the deal includes C$15,000 in cash and 500,000 common shares of MBM. Additional performance-based cash payments totaling up to C$185,000 are contingent on the achievement of specific exploration milestones, including a resource estimate, a preliminary economic assessment (PEA), a feasibility study, and commercial production.

The vendor retains a 2% Net Smelter Return (NSR) royalty on the property, with an option for MBM to purchase 1% of that royalty for $1 million. The 11,837-hectare property is prospective for polymetallic critical minerals, including silver, gold, lead, zinc, copper, indium, bismuth, tungsten, molybdenum, and tin. It is located approximately 50 km from Puma's Williams Brook Project. Historic grab samples from the site have reported high-grade values, including up to 314 g/t Ag, 15.30% Zn, and 4.00% Cu. The acquisition supports MBM's ongoing efforts toward a potential listing on the TSXV.

Puma Exploration Inc. (PUMA) has entered into a transaction that requires an initial cash outlay of only C$15,000, with milestone payments capped at C$185,000. The deal is financially immaterial to the company but strategically advances the DEAR (Discovery, Exploration, Acquisition, Royalties) strategy by expanding MBM's critical minerals portfolio ahead of a planned spin-off or listing.

The addition of a polymetallic, critical-metals-focused asset diversifies MBM's pipeline beyond its existing Legacy Cu-Ag project, potentially enhancing valuation metrics for a future public listing. This development aligns fully with previous corporate objectives outlined in the February 2026 exploration plans and the January 2026 spin-off announcements, representing an expected, incremental step in the company's broader strategy.

Puma Exploration Inc. (PUMA) operates under a DEAR strategy, focusing on precious and base metals in Atlantic Canada, specifically within New Brunswick and Quebec. The company’s flagship asset is the Williams Brook Gold Project, which is optioned to Kinross Gold Corp. Under the terms of the agreement, Kinross can earn a 65% interest by funding $16.75M over five years. Recent drilling has expanded the Lynx Gold Zone to approximately 800m in strike length and 250m in depth.

The company’s secondary flagship is the McKenzie Gold Project, which features the high-grade RIM and Grog zones. Inaugural drilling has confirmed surface gold intercepts down to 106m depth. Additionally, Puma’s critical minerals arm, Murray Brook Minerals (MBM), is an 84.3%-owned subsidiary that focuses on copper, silver, and critical metals. MBM recently updated the Legacy Project inferred resource and acquired the Mount McInnes Project.