Puma Exploration Inc. · TSXV:PUMA
Puma Exploration — Investor Presentation (October 2026)
20 slides from Puma Exploration's investor presentation, October 2026
Slide 1: Explorer & Project Generator in Atlantic Canada
Building value through its proven DEAR EXPLORER & PROJECT GENERATOR corporate strategy IN ATLANTIC CANADA October 2026 1
Slide 2: Forward-Looking Statement
FORWARD-LOOKING STATEMENT This presentation may contain forward-looking statements such as use of words or phrases such as: is poised to, historical resource estimates, to be appointed, to create, up to, expected to cost, yet to be defined, etc. Such forward-looking statements involve a number of kn
Slide 3: Puma's Extensive Landholdings in New Brunswick
PUMA’s EXTENSIVE LANDHOLDINGS IN NEW BRUNSWICK PUMA’S ACTIVE PROJECTS Turgeon Project Williams Brook ( Optioned to Kinross ) • Option signed in Oct. 2024. Kinross to Quebec spend $16.75M over 5 years to secure 65% Legacy Project of the project. Kinross is the operator New Brunswick • Currently, in Y
Slide 4: Partner-Funded Exploration Platform with Multiple Catalysts
PARTNER-FUNDED EXPLORATION PLATFORM WITH MULTIPLE CATALYSTS C$30M market cap with exposure to gold, copper-zinc and strategic holdings, plus a 100%-owned discovery pipeline. No currentASSET mineral resource estimate / PARTNER EXPOSURE & PUMA UPSIDE 2026 CATALYSTS RESOURCES TSXV: PUMA No NI 43-101 re
Slide 5: Williams Brook – Optioned to Kinross Gold
WILLIAMS BROOK WILLIAMS BROOK – OPTIONNED TO KINROSS GOLD OPTIONED TO KINROSS GOLD ACQUIRE 65% FOR $16.75M CURRENTLY IN YEAR 2 $3M spend (by Oct. 30, 2026) CURRENT WORK • 3 field crews on site and deployed until the end of September 2026. • Soils Survey completed: • 1,322 samples collected, includin
Slide 6: Williams Brook – Optioned to Kinross Gold
WILLIAMS BROOK WILLIAMS BROOK – OPTIONED TO KINROSS GOLD OPTIONED TO KINROSS GOLD 2026 Ongoing Program ACQUIRE 65% FOR $16.75M Current Drill Program Drone Mag Survey Prospected areas Caribou Mine ONGOING 2026 EXPLORATION PROGRAM Soil Sampling • Soils surveys • Drone magnetic survey • Prospecting ove
Slide 7: The Lynx Gold Zone – First Gold Discovery at Williams Brook
THE LYNX GOLD ZONE – FIRST GOLD DISCOVERY AT WILLIAMS BROOK WB25-187 (@203m, 205m, 206m) Qtz vein with VG + sulphides (Ga-Sph) WB25-188 (136.7m – 136.79m) Qtz vein with VG + sulphides (Ga-Sph) OPEN VG VG VG VG 1mm 1mm VG VG WB25-185 (@185.6m) Qtz vein with VG + sulphides (Py-Cpy-Ga-Sph) 1mm 2023 Dri
Slide 8: Williams Brook – Jaguar Gold Zone
WILLIAMS BROOK – JAGUAR GOLD ZONE PREVIOUS HOLES 2008 Legend DDH – Winter 2026 (Kinross) Main Gold Zone WB-08-03 0.72 g/t Au over 38.00 m WB-08-04 0.68 g/t Au over 41.00 m WB-08-05 0.31 g/t Au over 28.00 m Jaguar Gold Zone WB26-195 0.45 g/t Au over Geophysical 56.50 m Targets Kinross’ 2026 drilling
Slide 9: The McKenzie Gold Project
THE MCKENZIE GOLD PROJECT Menneval (Au) Slam Exploration Grog 3.70 g/t Au MURRAY BROOK MINERALS • 33,550 ha Occurrences Legacy Sediment (Grog Brook) Historical Resources (Skarn Cu-Ag) • Many gold occurrences up to Carbonate (Matapedia) 601 g/t Au Intrusion (McKenzie Gulch) Sediment (Chaleurs) Ritchi
Slide 10: RIM Gold Zone – Surface Sampling
RIM GOLD ZONE – SURFACE SAMPLING RIM Gold Zone OPEN Extension 2025 3.18 g/t Au 1.84 g/t Au 11.33 g/t Au 24.23 g/t Au Grog Gold Zone 79.69 g/t Au 31.72 g/t Au 126.96 g/t Au Occurrences Legacy Deposit 125.66 g/t Au Sediment (Grog Brook) 9.97 g/t Au Skarn Cu-Ag Carbonate (Matapedia) 29.25 g/t Au 36.33
Slide 11: RIM Gold Zone – 2025 Drilling
RIM GOLD ZONE – 2025 DRILLING (43 holes for 2,721 m) RIM Gold Zone MK25-11 0.33 g/t Au over 15.80m MK25-29 MK25-09 Incl. 1.23 g/t Au over 3.40m 0.32 g/t Au over 12.00m 1.65 g/t Au over 3.30m Incl. 3.89 g/t Au over 0.95m Incl. 3.15 g/t Au over 0.80m Incl. 12.65 g/t Au over 0.25m MK25-20 1.64 g/t Au o
Slide 12: McKenzie Gold – Next Steps
MCKENZIE GOLD – NEXT STEPS McKENZIE GOLD JV WITH NB GOLD JV 70% / 30% CURRENT YEAR 2 $2.0M OF $2.0M CARRY-ON FULFILLED SUMMER 2026 ACTIVITY • 2 field crews on site this summer • 3 Drone Magnetic Surveys completed • Trenching at RIM and Grog to identify upcoming drilling targets 12
Slide 13: Jacquet River – Greenfield Exploration
JACQUET RIVER – GREENFIELD EXPLORATION JACQUET RIVER 100% HELD NO NSR NEW ACQUISITION 390 claims (8,474 ha) FIRST YEAR OF EXPLORATION CURRENT ACTIVITY • Drone Magnetic Survey • Prospecting and mapping FUTURE PLANNED PROGRAM • Follow-up trenching on geophysics survey targets Rocky B. Millstream Fault
Slide 14: The Legacy Copper System
The Legacy Copper System Northern New Brunswick • Copper Legacy Deposit Updated resource + high-grade intervals + open at depth 2025 NI 43-101–compliant resource View Looking East PIT Shell NI 43-101 (13.50 M lbs Cu) 930,000 tonnes @ 0.66% Cu 1970 R-21 2026 Update Mineral Resources Estimate 5.07% Cu
Slide 15: 2025 Exploration Program – New Insights
Exploration Upside Northern New Brunswick • Copper 2025 Exploration Program – New Insights 17 trenches excavated for 943 meters – 321 samples collected Skarn JJ Gold Zone 2.24% Cu - 0.08 g/t Au – 152 g/t Ag 1.48% Cu – 0.10 /t Au – 45 g/t Ag Legacy East 100% MBM 105 Zone Legacy Deposit 12.00% Cu - 0.
Slide 16: Multiple Drill-Ready Copper Targets Identified
Exploration Upside Northern New Brunswick • Copper Multiple Drill-Ready Copper Targets Identified 3 priority target zones / coincident anomalies / near historical workings Contoured chargeability + Drone magnetic survey in MAG 1DV – NB regional survey airborne conductivity 2025 T4 T7 ZOOM T3 T1 105
Slide 17: Mount McInnes Project
Mount McInnes Project Mineral Occurrences Intrusion-related mineral Kenorland Property Mt McInnes Project occurrences Felsic intrusions Metal values up to 314 g/t Ag, 3.0 g/t Au, 15.30% Zn, 3.98%, Pb, 4.00% Cu, Sediments Mafic intrusion 392 g/t In, 1150 ppm W, 1,980 ppm Bi and 1,100 ppm Sn. Float sa
Slide 18: Share Structure
SHARE STRUCTURE $30 M Market Capitalization OWNERSHIP Shares Outstanding 202,015,029 Insiders Options (wt. av. $0.12) 13,550,000 Warrants (wt. av. $0.205) 17,514,400 7% 15% Fully Diluted 233,079,429 5% 52 Week High/Low $0.25/$0.105 Working Capital (cash & cash equivalents) ~$9.0M 73% Retail 18
Slide 19: The Puma Team
THE PUMA TEAM Marcel Robillard, P.Geo. / Réjean Gosselin / Richard Thibault, P.Eng. / President & CEO, Director Director & Executive Chairman Director 30 years of experience in junior Seasoned mining executive with over 42 Over 42 years experience in mining exploration. Past President of Geominex, a
Slide 20: Contact us
Marcel Robillard President & CEO president@explorationpuma.com 1-418-750-8510 Mia Boiridy Head Investor Relations, Director mboiridy@explorationpuma.com 1-250-575-3305 175, rue Legaré | Rimouski (Quebec) Canada | G5L 3B9 Contact us 20
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