Puma Exploration Announces Temporary Work Stoppage

Rhea-AI Summary

Puma Exploration (OTCQB:PUMXF) has announced a temporary suspension of its exploration operations involving heavy equipment at its properties in Northern New Brunswick. The stoppage comes in response to the province's ban on Crown land activities due to extreme wildfire hazards.

Company CEO Marcel Robillard acknowledged the unprecedented nature of the situation and expressed gratitude to firefighters battling the ongoing blazes. The suspension affects activities such as excavation, trenching, and drilling, and will remain in effect until further notice.

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• Temporary halt of all exploration operations with heavy equipment in New Brunswick properties
• Operations suspended indefinitely due to extreme wildfire hazard

Rimouski, Québec--(Newsfile Corp. - August 14, 2025) - Puma Exploration Inc. (TSXV: PUMA) (OTCQB: PUMXF) (the "Company" or "Puma") reports that it has temporarily halted all exploration operations utilizing heavy equipment such as excavation, trenching, and drilling at its properties in Northern New Brunswick following the province's ban on Crown land activities prompted by the extreme wildfire hazard.

Marcel Robillard, President and CEO, stated: "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. Our thoughts are with the local community and residents of New Brunswick, and we send our heartfelt thanks to the firefighters who are relentlessly fighting the blazes currently burning in the province."

The Company will provide additional information when available.

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/262544

FAQ

Why did Puma Exploration (PUMXF) stop its operations in August 2025?

Puma Exploration halted all exploration operations with heavy equipment in Northern New Brunswick due to the province's ban on Crown land activities caused by extreme wildfire hazard.

What activities are affected by Puma Exploration's work stoppage?

The work stoppage affects all exploration operations using heavy equipment, including excavation, trenching, and drilling activities at the company's properties in Northern New Brunswick.

When will Puma Exploration (PUMXF) resume its operations in New Brunswick?

The company has not specified a resumption date, stating operations will remain suspended until further notice, pending improvement in the wildfire situation.

How severe is the wildfire situation affecting Puma Exploration's operations?

According to CEO Marcel Robillard, the situation is unprecedented in his experience working in New Brunswick, with exceptionally dry and hazardous conditions leading to a complete ban on Crown land activities.