Puma halts heavy equipment exploration in N.B.

Executive Summary

• Puma Exploration Inc. has halted all heavy‑equipment exploration activities on its New Brunswick Crown land properties due to a provincial ban prompted by extreme wildfire risk.
• The suspension applies to excavation, trenching and drilling at the Williams Brook and McKenzie gold projects until further notice.
• Management indicated the situation is unprecedented and will provide updates as conditions evolve.

Key Details

• Scope of stoppage: All exploration operations utilizing heavy equipment (excavation, trenching, drilling) are temporarily suspended on Crown land in northern New Brunswick.
• Reason: Provincial ban on Crown land activities because of an extreme wildfire hazard and exceptionally dry conditions.
• Affected projects: Williams Brook project and the newly announced McKenzie gold project, both located near the Rocky Brook Millstream fault (RBMF).
• Statement from CEO: Marcel Robillard emphasized the unprecedented nature of the shutdown, expressed solidarity with local communities, and thanked firefighters battling the blazes.
• Future communications: The company will issue additional information when the situation changes or the ban is lifted.

Notable Quotes

“Due to exceptionally dry and hazardous conditions, all activities on Crown land have been suspended until further notice. This is an unprecedented situation in all my years of working in New Brunswick.” – Marcel Robillard, President & CEO

Materiality Assessment: Non‑Material – Negative (operational pause with no immediate financial impact disclosed).