Puma Exploration Inc. · TSXV:PUMA

Puma Exploration — Investor Presentation (February 2022)

23 slides from Puma Exploration's investor presentation, February 2022

  1. Slide 1: Building on a New Gold Discovery

    BUILDING ON A NEW GOLD DISCOVERY WILLIAMS BROOK GOLD PROJECT New Brunswick, Atlantic Canada February 2022 TSXV : PUMA OTC : PUXPF

  2. Slide 2: Cautionary Statements

    Au CAUTIONARY STATEMENTS This present at ion m ay contain forw ard-looking statements such as use of words o r phrases such as: is po ised to , h istorical resource estimates, to be appo inted, to create , up to , expected to cost , yet to be defined, etc. Such f orward-looking statements involve a

  3. Slide 3: Investment Highlights

    Au INVESTMENT HIGHLIGHTS Excellent Access - paved road, airport, rail and seaport Aggressive 2022 Exploration Program - >10.000 metres of drilling Underexplored Gold Land Package - > 30.000 ha Strong Financial Position - $6M cash in treasury Major Gold Discovery in 2021- 5.55 g/t Au over 50.15 m Min

  4. Slide 4: Solid Financials & Capital Structure

    Au SOLID FINANCIALS & CAPITAL STRUCTURE Shares outstanding 100,281,732 Holders Insiders 4% Options 7,550,000 Warrants 41,384,831 Institutional 10% Retail Fully diluted 149,216,563 86% Cash in treasury C$6 M Potential addition C$11.78 M TSXV : PUMA www.explorationpuma.com 4

  5. Slide 5: Management Team with Record of Success

    Au MANAGEMENT TEAM WITH RECORD OF SUCCESS Marcel Robillard, P.Geo. President & CEO >25 years experience in junior exploration. Previously president of Geominex. BOARD MEMBERS AND Dominique Gagné, P.Geo TECHNICAL TEAM Senior Exploration Geologist >17 years of experience working on grassroots to advan

  6. Slide 6: Experienced Exploration Team

    Au EXPERIENCED EXPLORATION TEAM Millions of dollars invested in exploration in the Years of activity in Number of active gold Bathurst Mining Camp New Brunswick as mineral projects in New Brunswick, over the last 15 years explorers Canada 20 15 4 TSXV : PUMA www.explorationpuma.com 6

  7. Slide 7: Atlantic Canada Gold Activities

    Au ATLANTIC CANADA GOLD ACTIVITIES Europe ‘’New Brunswick, Nova Scotia and Greenland Newfoundland share common Geology’’ (Canadian Appalachians) Atlantic Labrador Gold Kingsway Canada QC TSXV: LAB Anaconda Mining Pine Cove Appalachian Trend TSXV: ANX Marathon Gold NL Marathon Gold (TSXV: MOZ) Valent

  8. Slide 8: Puma's Assets in New Brunswick

    Au PUMA’S ASSETS IN NEW BRUNSWICK ■ > 30,000 ha close to QUEBEC famous Bathurst Mining CHALEURS BAY Camp ■ Prime jurisdiction with NEW BRUNSWICK DEEP WATER excellent infrastructure in SEEPORT place (roads, airport, rail) ■ Mining infrastructure A New Emerging already in place with full seaport acces

  9. Slide 9: Flagship Williams Brook Project – Gold

    FLAGSHIP WILLIAMS BROOK PROJECT – 3 GOLD Au TRENDS IDENTIFIED TO DATE WB-2 Gold Zone 1.00 g/t Au over 23.00 m 2.10 g/t Au over 9.00 m WILLIAMS BROOK Jonpol GOLDGold PROJECT (3,562 ha) WB-1 Gold Zone 100%with New Emerging Gold Camp Puma 54.20 g/t Au over 2.80 m a major Portage discovery 1.60 g/t Au o

  10. Slide 10: O'Neil Gold Trend – 2021 Surface Sampling Results and Priority Targets

    O’NEIL GOLD TREND (OGT) – 2021 SURFACE Au SAMPLING RESULTS AND PRIORITY TARGETS FOR 2022 NEW 24.90 g/t Au 60.60 g/t Au NEW MOOSE Assays pending NEW 371.00 g/t Au 28.40 g/t Au NEW Rhyolite 51.70 g/t Au Sediment 27.20 g/t Au 46.80 g/t Au 28.70 g/t Au 31.00 g/t Au 199.00 g/t Au 18.50 g/t Au Priority DD

  11. Slide 11: Consistent Mineralogy Between Grab and Core Samples

    CONSISTENT MINERALOGY BETWEEN GRAB AND Au CORE SAMPLES GRAB SAMPLES CORE SAMPLES @15m 241.0 g/t Au 80.0 g/t Au / 0.3 m Major Gold Discovery @45m 5.55 g/t Au over 50.15 metres N155 116.5 g/t Au / 0.5 m LYNX 74.2 g/t Au TSXV : PUMA www.explorationpuma.com 11

  12. Slide 12: Exploration Strategy 2022 - C$5.0M Program

    Au EXPLORATION STRATEGY 2022 - C$5.0M PROGRAM (10,000 metres) GRAB SAMPLES VG RESULTS PENDING GEOPHYSICAL SURVEYS 3D MODELLING OGT Extension ? TSXV : PUMA JAN 2022 www.pumaexploration.com DEC 2022 14

  13. Slide 13: Planned Property-Wide Exploration in 2022

    Au PLANNED PROPERTY-WIDE EXPLORATION IN 2022 WB-1 and WB-2 Previous Drilling 11.2 g/t Au over 2.8 m 8.0 g/t Au over 1.0 m 1.0 g/t Au over 23.0 m WILLIAMS BROOK NORTH (20,000 ha) Puma 100% VTEM COVER DEC 2021 Major Gold Discovery Soil Sampling (Au ppb) > 100 3 km 50 - 100 VTEM COVER Airborne VTEM Geo

  14. Slide 14: Exploration Model

    Au EXPLORATION MODEL 0.29 g/t Au 74.3 g/t Au Significant Gold Discovery Zone Ongoing Drilling 2.49 g/t Au (Jan 2021) EXPLORATION MODEL ➢ A high-contrast geophysical signature present at the contact between the sediments and rhyolite ➢ Vector for high-grade gold mineralized veins. 1 km AirborneVTEM G

  15. Slide 15: Camp-Scale Potential for Gold Discoveries

    Au CAMP-SCALE POTENTIAL FOR GOLD DISCOVERIES 14.83 g/t Au 5.1 g/t Au 10.6 g/t Au Till : 134 Gold Grains 3.42 g/t Au 17.1 g/t Au 6.86 g/t Au Soil : 44.9ppb Au 2.26 g/t Au 1.46 g/t Au 100% Puma Soil : 26.1ppb Au Previous 0.35 g/t Au Drilling Area 1.0 g/t Au / 23.0m 1.6 g/t Au / 0.4m 100% Puma Restigou

  16. Slide 16: Appendices

    Au APPENDICES D. Gagné TSXV : PUMA www.explorationpuma.com 15

  17. Slide 17: Williams Brook Gold Discovery Timeline

    Au WILLIAMS BROOK GOLD DISCOVERY TIMELINE September 2019 : Property Visit July 2020 : First trench at O’Neil May 2021 : Stripping at Lynx August 2021 : Initial Drilling with discovery TSXV : PUMA www.explorationpuma.com 16

  18. Slide 18: O'Neil Gold Trend Mineralization

    Au O’NEIL GOLD TREND MINERALIZATION O’NEIL PEPITOS 128.0 g/t Au 44.4 g/t Au 52.1 g/t Au 16.1 g/t Au CHUBBY LYNX MOOSE OGT Extension ? 241.0 g/t Au 74.2 g/t Au 0.45 g/t Au 2.11 g/t Au TSXV : PUMA www.explorationpuma.com 17

  19. Slide 19: O'Neil Gold Trend Mineralization

    Au O’NEIL GOLD TREND MINERALIZATION Hole WB21-13 @ 60.2 m Muscovite Galena Rhyolite Fragments 1 cm Hole WB21-12 @ 38.5 m Malachite + Oxidized Pyrite Bornite Chalcopyrite + Pyrite OGT Extension ? 1 cm TSXV : PUMA www.explorationpuma.com 18

  20. Slide 20: O'Neil Gold Trend Mineralization

    Au O’NEIL GOLD TREND MINERALIZATION Hole WB21-01 @ 12m Tetrahedrite Pervasive sericitization 1 cm Qtz veinlets Hole WB21-01 @ 11.5m ? Hole WB21-01 @ 31m Oxidized Pyrite Oxidized Pyrite Limonite alteration 1 cm TSXV : PUMA www.explorationpuma.com 19

  21. Slide 21: O'Neil Gold Trend Structural Model

    Au O’NEIL GOLD TREND STRUCTURAL MODEL Set 1 veins are N- to NW-dipping and low angle (generally < SET 1 35˚). These low-angle veins are interpreted as the dominant vein set. Set 1 veins are thicker and are more laterally continuous than other vein sets. Set 2 veins also dip N to NW and are steeply d

  22. Slide 22: 2021 Inaugural Drilling Highlights

    Au 2021 INAUGURAL DRILLING HIGHLIGHTS Favorable OPEN Contact Drilling intersection at surface NEW VG 18 holes – 2.364m (PR 2021-11-04) Sediment ► WB21-01 grades 1.30 g/t Au over 25.6m Incl. 5.50g/t Au over 6.4m ► WB21-02 grades 5.50 g/t Au over 50.5m WB21-14: 0.70 g/t Au / 28.4m Incl.16.70 g/t Au /

  23. Slide 23: Contact Us

    CONTACT US A. Hupé D. Gagné Marcel Robillard President & CEO president@explorationpuma.com 1-418-750-8510 Mia Boiridy Head Investor Relations and Corporate Development mboiridy@explorationpuma.com 1-250-575-3305 175, rue Legaré | Rimouski (Quebec) Canada | G5L 3B9 TSXV : PUMA www.explorationpuma.com

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