Puma Exploration Announces Resumption of Field Activities

Rhea-AI Summary

Puma Exploration (OTCQB: PUMXF) has announced the resumption of exploration operations at its properties in Northern New Brunswick following the lifting of the province's ban on mineral activities on Crown land. The ban was lifted on August 26, 2025, at 12:01 am, despite ongoing wildfire hazards in the region.

Additionally, the company held its 2025 Annual and Special Meeting where shareholders voted on key matters. The meeting saw participation from 33.9% of outstanding shares (60,924,037 common shares), with shareholders approving all items including director elections, auditor appointment, and a new stock option plan with approval rates ranging from 93.6% to 100%.

Positive

• Immediate resumption of exploration activities following ban lift
• Strong shareholder support with 93.6-100% approval rates for all AGM items

Negative

• Ongoing extreme wildfire hazard in the region could potentially impact operations

Rimouski, Québec--(Newsfile Corp. - August 26, 2025) - Puma Exploration Inc. (TSXV: PUMA) (OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce that exploration operations have restarted at its properties in Northern New Brunswick. The province's ban on all mineral activities on Crown land was lifted this morning at 12:01 am.

Marcel Robillard, President and CEO, stated: "Although the extreme wildfire hazard still exists, we are grateful that the provincial government has decided to reopen Crown land to mineral exploration. Following the good news, we immediately dispatched staff back to the field. We want to extend a special thanks to all the frontline workers who kept New Brunswickers safe in the last weeks and who continue to effectively fight the province's blazes."

The Company will provide details of its upcoming work programs and an update on its summer activities in the coming days.

2025 Annual and Special Meeting of Shareholders

The Company's annual general meeting of shareholders was held earlier today via live webcast. A total of 60,924,037 common shares were voted at the AGM, representing 33.9% of the outstanding common shares of the Company.

Shareholders voted in favour of all items of business before the AGM, including the election of all director nominees, the appointment of the auditor, and the new stock option plan. The summary of the results of the vote is as follows:

Item Voted Upon	Votes For
	Number	%
Election of Marcel Robillard	59,251,855	99.4
Election of Richard Thibault	59,580,630	99.9
Election of Michel Fontaine	59,572,280	99.9
Election of Réjean Gosselin	59,251,855	99.4
Election of Mia Boiridy	59,251,855	99.4
Election of Jacques Dion	59,580,630	99.9
Appointment of Auditor	60,523,882	100.0
Approval of Stock Option Plan	55,775,273	93.6

 

About Puma's Assets in New Brunswick

Puma has accumulated an impressive portfolio of prospective gold landholdings strategically located close to roads and infrastructure in Northern New Brunswick, including the Williams Brook Project and the new McKenzie Gold Project. Both are located near the Rocky Brook Millstream Fault ("RBMF"), a major regional structure formed during the Appalachian Orogeny and a significant control for gold deposition in the region. Puma's work to date has focused on the Williams Brook property, but prospecting and surface exploration work on its other properties have confirmed their potential for significant gold mineralization.

About Puma Exploration

Puma Exploration is a Canadian mineral exploration company focused on identifying and developing a pipeline of precious metals projects in New Brunswick, near Canada's Renowned Bathurst Mining Camp. Puma has a long history in Northern New Brunswick, having worked on regional projects for over 15 years. Puma's successful exploration methodology, which combines traditional prospecting methods with detailed trenching and cutting-edge technologies such as Artificial Intelligence, has been instrumental in facilitating an understanding of the region's geology and associated mineralized systems. Armed with geophysical surveys, geochemical data, and consultants' expertise, Puma has developed a cost-effective exploration tool to discover gold at shallow depths and maximize drilling results.

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Visit www.explorationpuma.com for more information or contact:

Marcel Robillard, President and CEO.
(418) 750-8510; president@explorationpuma.com

Mia Boiridy, Director and Head of Investor Relations.
(250) 575-3305; mboiridy@explorationpuma.com

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.

Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve several known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of Puma to differ materially from those 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 undertakes no obligation to publicly update or revise any forward-looking statements. The quarterly and annual reports and the documents submitted to the securities administration describe these risks and uncertainties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264015

FAQ

When did Puma Exploration (PUMXF) resume its exploration activities in New Brunswick?

Puma Exploration resumed exploration activities on August 26, 2025, at 12:01 am when the province's ban on mineral activities on Crown land was lifted.

What was the voter turnout at Puma Exploration's 2025 Annual General Meeting?

The AGM had a 33.9% turnout, with 60,924,037 common shares voted out of the total outstanding shares.

What items were approved at Puma Exploration's 2025 AGM?

Shareholders approved all items including the election of six directors, appointment of the auditor, and a new stock option plan, with approval rates between 93.6% and 100%.

What potential risks could affect Puma Exploration's operations in New Brunswick?

The company noted that extreme wildfire hazard still exists in the region, which could potentially impact their exploration operations.