Puma Exploration Inc. · TSXV:PUMA

Puma Exploration — Investor Presentation (June 2022)

26 slides from Puma Exploration's investor presentation, June 2022

  1. Slide 1: Building on a New Gold Discovery

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

  2. Slide 2: Cautionary Statements

    Au CAUTIONARY STATEMENTS 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 kno

  3. Slide 3: Investment Highlights

    Au INVESTMENT HIGHLIGHTS Excellent Access - paved road, airport, rail and seaport Aggressive 2022 Exploration Program - >10,000 m drilling Underexplored Gold Land Package - > 40,000 ha Strong Financial Position - $4M cash in treasury Major Gold Discovery in 2021- 5.55 g/t Au over 50.15 m Mining Infr

  4. Slide 4: Solid Financials & Capital Structure

    Au SOLID FINANCIALS & CAPITAL STRUCTURE Shares outstanding 107,587,244 Holders Insiders 4% Options (wt. av. $0.31) 8,200,000 Institutional 10% Warrants (wt. av. $0.25) 35,079,319 Friends & Family 30% Fully diluted 150,866,563 Retail 56% Cash in treasury C$4 M Potential addition C$11.2 M (with option

  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. Past President of Geominex, a geology consulting firm. Has led Puma since 2009. BOARD MEMBERS AND Dominique Gagné, P.Geo VP Exploration TECHNICAL TEAM >17 years experience o

  6. Slide 6: Experienced Exploration Team

    Au EXPERIENCED EXPLORATION TEAM $20 M 15 years 40,000 ha invested of activity in of highly prospective land in exploration in the New Brunswick as in a new gold camp in Bathurst Mining Camp mineral explorers Atlantic Canada over the 2 0 15 years last TSXV : PUMA www.explorationpuma.com 6

  7. Slide 7: Atlantic Canada Gold Activities

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

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

    Au PUMA’S ASSETS IN NEW BRUNSWICK QUEBEC ■ > 40,000 ha close to CHALEURS renown Bathurst Mining BAY Camp DEEP WATER ■ Prime jurisdiction with NEW BRUNSWICK SEAPORT excellent infrastructure in place (roads, airport, rail) A New Emerging ■ Mining infrastructure Gold Camp already in place with full sea

  9. Slide 9: Extensive Prospective Land Package

    Au EXTENSIVE PROSPECTIVE LAND PACKAGE WB-2 Gold Zone 1.00 g/t Au over 23.00 m Jonpol Gold 2.10 g/t Au over 9.00 m (3,562 ha) 100% Puma WB-1 Gold Zone 54.20 g/t Au over 2.80 m 1.60 g/t Au over 0.40 m Portage (2,572 ha) 100% Puma LYNX Gold Zone (Drilling 2021) WILLIAMS BROOK 5.55 g/t Au over 50.15 m N

  10. Slide 10: 2021 Inaugural Drilling Highlights

    Au 2021 INAUGURAL DRILLING HIGHLIGHTS Favourable 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 /

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

    CONSISTENT MINERALOGY BETWEEN GRAB AND Au CORE SAMPLES GRAB SAMPLES CORE SAMPLES @15 m 241.0 g/t Au 80.0 g/t Au / 0.3 m Major Gold Discovery @45 m 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: 2021 Extended Stripping Between Chubby and Moose

    2021 EXTENDED STRIPPING BETWEEN CHUBBY AND Au MOOSE MOOSE QV7 QV6 New zone Stripped QV5 MOOSE QV4 VG (275 m) VG QV3 CHUBBY QV2 WB21-02: 5.55 g/t Au / 50.15 m QV1 Incl. 46.94 g/t Au / 3.90 m CHUBBY LYNX O’Neil Gold OGT Extension ? Area (175 m) TSXV : PUMA www.pumaexploration.com 12

  13. Slide 13: 2021 Surface Sampling Results and Priority Targets for 2022

    2021 SURFACE SAMPLING RESULTS AND PRIORITY Au TARGETS FOR 2022 60.60 g/t Au 24.90 g/t Au MOOSE 371.00 g/t Au 28.40 g/t Au 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 DDH 170.00 g/t Au Targets 18.90 g/t Au 2021 Drilling 35.70

  14. Slide 14: Exploration Strategy 2022 - C$5.0M Program

    Au EXPLORATION STRATEGY 2022 - C$5.0M PROGRAM DRILLING (10,000 metres) OGT Extension ? TSXV : PUMA www.pumaexploration.comcom 14

  15. Slide 15: On-Going 10,000 m Drilling Program Results

    Au ON-GOING 10,000 M DRILLING PROGRAM RESULTS . TSXV : PUMA www.explorationpuma.com 15

  16. Slide 16: Second Drill Added to Accelerate Program

    Au SECOND DRILL ADDED TO ACCELERATE PROGRAM • Drill 1 focused on extending near-surface (0-100m depth) high-grade gold mineralization along previously undrilled sections of the OGT. • Drill 2 will follow up on the high-grade quartz veins identified during the Company’s inaugural 2021 and current . 2

  17. Slide 17: Summer 2022 Surface Exploration Program

    Au SUMMER 2022 SURFACE EXPLORATION PROGRAM - TEST ADDITIONAL GOLD TRENDS AT WILLIAMS BROOK 2021 Airborne VTEM Geophysical Survey Geotech Ltd. Magnetic Map NOT EXPLORED Prospection Drilling by previous operator New showing* 54.20 g/t Au / 2.80m Up to 8.67 g/t Au NOT EXPLORED Prospection Restigouche M

  18. Slide 18: Summer 2022 Program - Test Gold Showings and Identify Targets

    SUMMER 2022 PROGRAM - TEST GOLD SHOWINGS AND Au IDENTIFY TARGETS ON LARGE LAND PACKAGE Jonpol Property William Brook North 14.83 g/t Au Property 3.42 g/t Au 10.60 g/t Au 5.10 g/t Au 17.10 g/t Au 6.86 g/t Au Till : 134 Gold Grains 2.26 g/t Au Soil : 44ppb Au 1.46 g/t Au 100% Puma Soil : 26ppb Au 8.67

  19. Slide 19: Appendices

    Au APPENDICES D. Gagné TSXV : PUMA www.explorationpuma.com 19

  20. Slide 20: 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 20

  21. Slide 21: 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 21

  22. Slide 22: 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 22

  23. Slide 23: O'Neil Gold Trend Alteration

    Au O’NEIL GOLD TREND ALTERATION 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 23

  24. Slide 24: 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

  25. Slide 25: O'Neil Gold Trend - Geophysical Modelling

    Au O’NEIL GOLD TREND – GEOPHYSICAL MODELLING 0.29 g/t Au 74.3 g/t Au Significant Gold Discovery Zone Ongoing Drilling 2.49 g/t Au OGT  A high-contrast geophysical signature present at the contact between the sediments and rhyolite  Vector for high-grade gold mineralized veins. 1 km AirborneVTEM Ge

  26. Slide 26: 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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