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Puma Exploration Provides Update on Its 2025 Exploration Program at Williams Brook

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Puma Exploration (OTCQB:PUMXF) provided an update on its 2025 drilling program at the Williams Brook Project in New Brunswick. The company reported that hole WB25-181 intersected visible gold at 355 metres downhole depth at the Lynx Gold Zone, representing the deepest gold occurrence to date at the project. The program has completed six holes totaling 1,343 metres and is part of a fully funded $2M exploration program in collaboration with Kinross Gold.

The company plans to drill 3,500 metres at the Lynx Gold Zone and an additional 1,500 metres at the Jaguar Gold Zone. Surface exploration work included collecting 410 samples at Lynx and 570 samples across the entire project. Historical drilling at Jaguar reported intervals including 0.52 g/t Au over 55m, while recent grab samples yielded up to 34.70 g/t Au.

Puma Exploration (OTCQB:PUMXF) ha comunicato un aggiornamento sul programma di perforazione 2025 presso il Williams Brook Project, nel New Brunswick. La società ha riferito che il foro WB25-181 ha intercettato oro visibile a 355 metri di profondità nella Lynx Gold Zone, la manifestazione aurifera più profonda finora rilevata nel progetto. Il programma ha completato sei fori per un totale di 1.343 metri ed è parte di un programma esplorativo da 2 milioni di dollari completamente finanziato in collaborazione con Kinross Gold.

La società prevede di perforare 3.500 metri nella Lynx Gold Zone e ulteriori 1.500 metri nella Jaguar Gold Zone. Le attività di esplorazione superficiale hanno incluso la raccolta di 410 campioni a Lynx e 570 su tutto il progetto. I fori storici alla Jaguar hanno riportato intervalli come 0,52 g/t Au su 55 m, mentre campioni recenti hanno restituito fino a 34,70 g/t Au.

Puma Exploration (OTCQB:PUMXF) ofreció una actualización sobre su programa de perforación 2025 en el Williams Brook Project, en New Brunswick. La compañía informó que el pozo WB25-181 interceptó oro visible a 355 metros de profundidad en la Lynx Gold Zone, la ocurrencia de oro más profunda detectada hasta la fecha en el proyecto. El programa ha completado seis pozos que suman 1.343 metros y forma parte de un programa exploratorio de 2 millones de dólares totalmente financiado en colaboración con Kinross Gold.

La compañía planea perforar 3.500 metros en la Lynx Gold Zone y otros 1.500 metros en la Jaguar Gold Zone. El trabajo superficial incluyó la toma de 410 muestras en Lynx y 570 muestras en todo el proyecto. La perforación histórica en Jaguar reportó intervalos como 0,52 g/t Au sobre 55 m, mientras que muestras puntuales recientes alcanzaron hasta 34,70 g/t Au.

Puma Exploration (OTCQB:PUMXF)는 뉴브런즈윅의 Williams Brook 프로젝트에 대한 2025년 시추 프로그램 업데이트를 발표했습니다. 회사는 WB25-181 공이 Lynx 금광대에서 구경 깊이 355미터에서 육안으로 보이는 금을 교차했다고 보고했으며, 이는 프로젝트에서 지금까지 확인된 가장 깊은 금 매장 사례입니다. 이번 프로그램은 총 1,343미터에 달하는 6개 공을 완료했으며 Kinross Gold와 협력해 전액 자금 지원된 200만 달러 규모의 탐사 프로그램의 일부입니다.

회사는 Lynx 금광대에서 3,500미터, 추가로 Jaguar 금광대에서 1,500미터를 시추할 계획입니다. 지표 탐사 작업으로는 Lynx에서 410개, 프로젝트 전역에서 570개의 시료를 채취했습니다. Jaguar의 과거 시추에서는 55m 구간에서 0.52 g/t Au 같은 구간이 보고되었고, 최근 채취한 표본에서는 최대 34.70 g/t Au가 확인되었습니다.

Puma Exploration (OTCQB:PUMXF) a publié une mise à jour sur son programme de forage 2025 au Williams Brook Project, au Nouveau-Brunswick. La société a indiqué que le trou WB25-181 a intersecté de l'or visible à 355 mètres de profondeur dans la Lynx Gold Zone, la occurrence aurifère la plus profonde identifiée à ce jour sur le projet. Le programme a achevé six trous totalisant 1 343 mètres et fait partie d'un programme d'exploration entièrement financé de 2 M$ en collaboration avec Kinross Gold.

La société prévoit de forer 3 500 mètres dans la Lynx Gold Zone et 1 500 mètres supplémentaires dans la Jaguar Gold Zone. Les travaux de surface ont inclus la collecte de 410 échantillons à Lynx et de 570 échantillons sur l'ensemble du projet. Des forages historiques à Jaguar ont rapporté des intervalles tels que 0,52 g/t Au sur 55 m, tandis que des prélèvements récents ont atteint jusqu'à 34,70 g/t Au.

Puma Exploration (OTCQB:PUMXF) gab ein Update zu seinem Bohrprogramm 2025 im Williams Brook Project in New Brunswick bekannt. Das Unternehmen meldete, dass Bohrloch WB25-181 bei 355 Metern Teufe sichtbares Gold im Lynx Gold Zone durchschnitten hat – die bislang tiefste Goldvorkommen im Projekt. Das Programm hat sechs Löcher mit insgesamt 1.343 Metern abgeschlossen und ist Teil eines voll finanzierten Explorationsprogramms in Höhe von 2 Mio. USD in Zusammenarbeit mit Kinross Gold.

Geplant sind 3.500 Meter im Lynx Gold Zone sowie weitere 1.500 Meter im Jaguar Gold Zone. Oberflächenuntersuchungen umfassten die Probenahme von 410 Proben in Lynx und 570 Proben im gesamten Projekt. Historische Bohrungen bei Jaguar wiesen Intervalle wie 0,52 g/t Au über 55 m auf, während jüngste Einzelproben Werte von bis zu 34,70 g/t Au ergaben.

Positive
  • Discovery of deepest visible gold occurrence to date at 355m depth, extending mineralization by 100m
  • Fully funded $2M exploration program backed by Kinross Gold
  • High-grade gold samples at Jaguar Zone with up to 34.70 g/t Au
  • Successful intersection of fresh rock beneath oxide zone confirming mineralization continuity
Negative
  • Drilling program temporarily interrupted due to Provincial ban on mineral exploration
  • Historical drilling results at Jaguar Zone showed relatively low grades (0.52 g/t Au over 55m)

Rimouski, Québec--(Newsfile Corp. - September 4, 2025) - Puma Exploration Inc. (TSXV: PUMA) (OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce that its ongoing 100% funded 2025 drilling program at its Williams Brook Project in Northern New Brunswick resumed this week and that hole WB25-181 intersected multiple grains of visible gold ("VG") at 355 metres downhole depth at the Lynx Gold Zone (Image 1). The mineralization observed represents the deepest visible gold occurrence drilled to date at Williams Brook, potentially extending the known gold mineralisation approximately 100 metres along the favourable contact to a vertical depth of about 250 metres.

Channelling at Lynx, as well as surface exploration work on the entirety of the property, was also completed. Assay results from drilling and exploration work are pending and will be announced when received.

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Image 1: VG in drillhole WB25-181 @ 355m downhole depth

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Ongoing drilling program highlights:

  • Six holes completed for a total of 1,343 metres.
  • Visible gold (VG) observed in hole WB25-181 at 355 metres downhole depth.
  • Drilling successfully intersected fresh rock beneath the oxide zone, confirming continuity of the targeted mineralized horizon.
  • Quartz-carbonate veins with traces of pyrite, sphalerite, chalcopyrite and galena intersected in multiple holes.
  • Fully funded $2M exploration program in collaboration with Kinross Gold is ongoing.

Drilling Program at the Lynx Gold Zone

Six (6) holes were completed for 1,343 metres drilled before work was interrupted by a Provincial ban on mineral exploration activities on Crown Land that came into effect on August 10, 2025, in response to increased wildfire hazard. Drilling resumed this week.

In hole WB25-181, fine to very fine VG grains were intersected in a low-angle, brecciated quartz-carbonate vein. This intersection, at a vertical depth of 250 metres, has delineated the deepest known extent of mineralization along the favourable contact to date.

Drilling targeted the hanging wall (HW), the favourable horizon, and successfully intersected fresh rock with vein sets beneath the oxide zone. In general, the mineralized contact is composed of irregular and discontinuous quartz-carbonate veins, exhibiting a stockwork texture with traces of sulphides: pyrite-sphalerite-chalcopyrite-galena.

A total of 3,500 metres of drilling is planned this year at the Lynx Gold Zone as part of the fully funded $2M exploration program devised in collaboration with Kinross Gold. The program aims to intersect new gold mineralization, delineate lithological contacts and provide more insights on structural patterns.

Channelling at Lynx

A total of 410 samples were collected to analyze and contrast the various vein systems at the Lynx Gold Zone. Assays are pending and will be announced when received.

Upcoming Drilling at the Jaguar Gold Zone

The Joint Technical Committee is planning an upcoming 1,500-metre drilling program at the Jaguar Gold Zone ("JGZ"), located about 5 km northeast of the Lynx Gold Zone (Figure 1). Historical drilling results** from 2008 at the JGZ reported 0.52 g/t Au over 55 m, 0.68 g/t Au over 42 m, and 0.21 g/t Au over 64 m **(Report on Prospecting, Geochemical and Geophysical Surveys, Trenching and Diamond Drilling on the William's Brook Property (Claim Block no.4660), Arthur Hamilton (P.Geo) for Blue Note Mining Inc, June 2009).

Puma's trenching and stripping of the JGZ in 2022 returned much higher gold grades than those reported historically, with up to 34.70 g/t Au in grab samples. A total of three hundred six (306) samples were collected at the JGZ with an average grade of 1.72 g/t Au. Ninety-five (95) samples assayed above 1.00 g/t Au (31%) * (see October 20, 2022 and December 13, 2022 News Releases). *The reader is cautioned that grab samples are selective by nature and may not represent the true metal content of the mineralized zone.

The gold-enrichment zone at the JGZ currently spans 80 m by 50 m and remains open in all directions (Figure 2).

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Figure 1: Location of the main gold zones at the Williams Brook Gold Project

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Figure 2: Jaguar Gold Zone and sampling results*

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*The reader is cautioned that grab samples are selective by nature and may not represent the true metal content of the mineralized zone.

Ongoing Exploration at Williams Brook

Five hundred seventy (570) samples from prospecting, trenching, and excavating over the entire Williams Brook Project were collected and sent to the lab. A total of 2,265 metres of trenching was completed in specific areas, which covered priority targets defined by the technical committee. Exploration at the Jonpol/Portage properties has started.

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed, and approved by Mr. Dominique Gagné, P.Geo., Vice President of Exploration, who is a "Qualified Person" as defined by National Instrument 43-101 –Standards of Disclosure for Mineral Projects ("NI 43-101").

On-site Quality Assurance/Quality Control (QA/QC) Measures

Drill core and grab samples reported in this release were bagged, sealed and sent to ALS Chemex in Moncton, New Brunswick, where each sample was crushed and pulped before being fire-assayed (Au-ICP21). The remaining coarse reject portions of the samples remain in storage for further work or verification as needed. As part of its QA/QC program, Puma inserted external gold standards (low to high-grade) and blanks every 20 samples in addition to standards, blanks, and duplicates. All samples over 10 g/t gold or with abundant visible gold were analyzed with a gravity finish (Au-GRA22). Check assays were routinely performed for samples with visible gold to ascertain the gold content of the mineralization zone.

About the Williams Brook Project

The Williams Brook Project (40,225 ha), optioned to Kinross Gold Corp (see October 24, 2024 News Release), comprises the Williams Brook, Jonpol and the Portage Properties. To earn a 65% interest in the project, Kinross will finance a minimum of $16.75 M in exploration expenditures over the next five years (including a firm commitment of $2 M with at least 5,000 metres of drilling in the first 18 months (2025-2026).

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, Head of Investor Relations and Director.
(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/265074

FAQ

What did Puma Exploration (PUMXF) discover in their latest drilling at Williams Brook?

In hole WB25-181, Puma discovered visible gold at 355 metres downhole depth, representing the deepest gold occurrence found at the project to date, extending mineralization by approximately 100 meters.

How many meters has Puma Exploration drilled at Williams Brook in 2025?

Puma has completed six holes totaling 1,343 metres as part of their 2025 drilling program, with plans to drill a total of 3,500 metres at the Lynx Gold Zone and 1,500 metres at the Jaguar Gold Zone.

What are the highest gold grades reported at Puma's Jaguar Gold Zone?

Recent grab samples from the Jaguar Gold Zone yielded up to 34.70 g/t Au, with 95 samples assaying above 1.00 g/t Au, significantly higher than historical drilling results.

How is Puma Exploration funding their 2025 Williams Brook exploration program?

The exploration program is fully funded at $2M through a collaboration with Kinross Gold.

What caused the interruption in Puma's 2025 drilling program?

The drilling program was temporarily interrupted by a Provincial ban on mineral exploration activities on Crown Land that came into effect on August 10, 2025, due to increased wildfire hazard.
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