Puma Exploration Unveils McKenzie Gold Project: A Promising Addition to New Brunswick's Precious Metals Portfolio

Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) has recently announced the execution of definitive agreements with NB Gold Inc. and Comet Lithium Corporation (TSXV: CLIC) to acquire the McKenzie Gold Project. This strategic acquisition aligns with Puma's DEAR business model, focusing on Discovery, Exploration, Acquisition, and Royalties, and further strengthens its pipeline of precious metals projects in New Brunswick.

The McKenzie Gold Project, located only 7 km west of Puma's Williams Brook Project and 10 km east of St-Quentin, is a highly prospective mining exploration project with an extensive property package spanning over 33,660 hectares. The project's proximity to the Rocky Brook Millstream Fault (RBMF), a major regional structure formed during the Appalachian Orogeny, and its association with the McKenzie Fault contribute to its significant gold mineralization potential.



The McKenzie Gold Project hosts numerous high-grade gold occurrences, with values up to 1,315 g/t Au, similar to those found at the Williams Brook Project. These high-grade gold occurrences, along with the project's geological characteristics, make it an ideal target for Puma's proven low-cost exploration method, which combines old prospecting methods with detailed trenching and up-to-date technology.

To secure an initial 70% interest in the McKenzie Gold Project, Puma will issue shares and make cash payments to NB Gold and Comet Lithium. Comet Lithium retains a 2% net smelter return royalty (NSR) on production from specific properties, with Puma reserving the right to purchase one-half (1%) of each NSR at any time. NB Gold's 30% interest will be free-carried until Puma incurs $2,000,000 in exploration expenditures.



Puma plans to deploy its successful exploration strategy to develop the McKenzie Gold Project, following the same approach it used to develop the Williams Brook Project. The Company intends to conduct prospecting, mapping, and trenching to grow the project and maximize drilling results. A preliminary exploration program with a budget of $500,000 is scheduled for 2025, fully funded by the closing of an unbrokered private placement.

The acquisition of the McKenzie Gold Project is a strategic move for Puma Exploration, as it complements the Company's existing assets in New Brunswick and further expands its pipeline of precious metals projects. The project's large size, high-grade gold occurrences, and proximity to Puma's existing operations make it an attractive investment opportunity. As Puma continues to explore and develop the McKenzie Gold Project, investors can expect to see significant progress in the Company's efforts to grow its pipeline of precious metals projects in New Brunswick.