Puma Exploration Inc. reported the discovery of a 4th gold zone on its 100%-owned Williams Brook Gold Project in Northern New Brunswick, Atlantic Canada. Grab* samples from the new Panthera Gold Zone (“PGZ”) returned up to 9.87 g/t gold. The zone was explored briefly last fall, and more work is planned for 2023.

Puma's work continues to prove the presence of a large porphyry/epithermal gold system at Williams Brook with the potential for multiple deposits on the large land package. PANTHERA GOLD ZONE: The Panthera Gold Zone (“PGZ”) is located about 12 kilometres northeast of the Lynx Gold Zone (“LGZ”) along strike of the O'Neil Gold Trend. The discovery has the same geological characteristics as the other gold zones on the Williams Brook property: altered rhyolite containing mineralized quartz veins.

Last fall, three (3) trenches were excavated for a total of 310 metres. The trenches exposed gold in quartz veins at surface that graded 9.87 g/t Au, 8.67 g/t Au, 7.45 g/t, 6.18 /gt Au, 5.92 g/t Au, 5.15 g/t Au, 4.05 g/t gold and 3.27 g/t Au. This new gold discovery, similar to the Lynx Gold Zone, is located at the contact of a low/high magnetic anomaly and coincides with significant gold enrichment in soil samples collected by Puma in 2022.

Puma's soil survey covered 3.8 km x 1.5 km and identified six (6) distinct gold anomalies over a 2.5 km trend. The success of the preliminary sampling on the newly identified Panthera Gold Zone is very encouraging, and follow-up work is planned for 2023. ABOUT THE WILLIAMS BROOK GOLD PROJECT: The Williams Brook Project is comprised of 6 claim blocks covering more than 46,000 ha in an established and mining-friendly jurisdiction, near paved roads and with excellent infrastructure nearby.

The land package is 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. The Lynx Gold Zone (“LGZ”) is Puma's main area of focus. It is interpreted to be a mineralized felsic dome within a large gold system.

It was discovered in 2020 by high-grade surface samples and later recognized at depth in 2021 by hole WB21-02 that intersected 5.55 g/t Au over 50.15 m from surface, including two high-grade gold veins with 9.88 g/t Au over 8.60 m and 46.94 g/t Au over 3.85 m. A follow-up 10,000 m (113 holes) drilling program identified several new high-grade veins at Lynx, including 51.73 g/t gold over 1.85 m (WB 22-66), 34.93 g/t gold over 3.00 m (WB22-23), and 22.38 g/t Au over 3.20 m (WB22-36) and identified three (3) gold enrichment zones along the 750 m strike length stripped to date. A large orogenic/epithermal gold system is present at Williams Brook. Surface exploration work has identified several additional gold targets along the extension of the OGT and other gold trends on the large land package, including the Cougar (“CGZ”), Jaguar (“JGZ”) and Panthera (“PGZ”) Gold Zones.