Slide 1: Building on a New Gold Discovery
BUILDING ON A NEW GOLD DISCOVERY WILLIAMS BROOK GOLD PROJECT New Brunswick, Atlantic Canada October 2022 TSXV : PUMA OTCQB : PUMXF
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
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 - > 46,000 ha Strong Financial Position - $1.5 M cash in treasury Major Gold Discovery in 2021- 5.55 g/t Au over 50.15 m Mining I
Slide 4: Solid Financials & Capital Structure
Au SOLID FINANCIALS & CAPITAL STRUCTURE Shares outstanding 118,970,321 Holders Insiders 4% Options (wt. av. $0.31) 8,150,000 Institutional 10% Warrants (wt. av. $0.32) 23,611,242 Friends & Family 30% Fully diluted 150,731,563 Retail 56% Cash in treasury C$1.5M TSXV : PUMA www.explorationpuma.com 4
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 TECHNICAL TEAM Senior Exploration Geologist >17 year
Slide 6: Atlantic Canada – Hot Bed of Gold Projects
Au ATLANTIC CANADA – HOT BED OF GOLD PROJECTS Groenland Europe Labrador Gold Kingsway Europe Anaconda Mining TSXV: LAB Pine Cove TSXV: ANX QC Atlantic Canada Marathon Gold Valentine Lake TSXV: MOZ Williams Brook Project Newfound Gold NL Queensway TSXV: NFG NB First Mining Hope Brook TSXV: FF ‘’New B
Slide 7: Puma's Assets in New Brunswick
Au PUMA’S ASSETS IN NEW BRUNSWICK ■ > 46,000 ha close to QUEBEC renown Bathurst Mining CHALEURS BAY Camp ■ Prime jurisdiction with DEEP WATER excellent infrastructure in NEW BRUNSWICK SEAPORT place (roads, airport, rail) ■ Mining infrastructure already in place with full > 46,000 ha seaport access ■
Slide 8: Emerging Gold Camp at Williams Brook
Au EMERGING GOLD CAMP AT WILLIAMS BROOK Lynx Gold Zone (LGZ) Jaguar Gold Zone (JGZ) 13,000m drilled 715 m drilled 46.94 g/t Au over 3.85 m 0.68 g/t Au over 41.00 m 51.73 g/t Au over 1.85 m Incl. 1.00 g/t Au over 23.00 m 35.09 g/t Au over 1.45 m 0.52 g/t Au over 55.00 m 28.52 g/t Au over 2.10 m Incl
Slide 9: Development Strategy
Au DEVELOPMENT STRATEGY GRASSROOT ONGOING ACQUISITION EXPLORATION DISCOVERY EXPANSION LYNX GOLD ZONE MAIN FOCUS 2019 2020-2021 2021 2022 - STRATEGY TO BUILD POTENTIAL NEW GOLD CAMP SELECT THE BEST OPPORTUNITIES AT EVERY LEVEL COUGAR GOLD ZONE JAGUAR GOLD REGIONALLY AT THE PROPERTY ZONE LEVEL LYNX GO
Slide 10: Lynx Gold Zone – Main Development Focus
Au LYNX GOLD ZONE – MAIN DEVELOPMENT FOCUS 30,000 ha > 7,000 Grab > 5,000 m of 12,700 m of VTEM + Samples trenching drilling Radiometry MINERALIZATION STARTS AT SURFACE VERY HIGH GRADE SAMPLES : up to 371 g/t Au TSXV : PUMA www.explorationpuma.com 10
Slide 11: High-Grade Gold at the Lynx Gold Zone
Au HIGH-GRADE GOLD AT THE LYNX GOLD ZONE HIGH GRADE INTERSECTIONS WB22-26: Favourable Au Supergene Au 14.06 g/t Au / 1.60 m contact Enrichment WB22-36: Favourable Au 22.28 g/t Au / 3.20 m WB22-39: contact HW : Sedimentary unit 11.71 g/t Au / 2.50 m WB22-36: HW (turbidite) 6.70 g/t Au / 1.60 m WB22-3
Slide 12: Large Rhyolite Dome with Areas of Gold Enrichment
LARGE RHYOLITE DOME WITH AREAS OF GOLD Au ENRICHMENT Volcanosediment (FW) RHY SED (HW) Favourable Contact Supergene Au Enrichment 100 m 750 m NE LONGITUDINAL – LYNX GOLD ZONE SW CROSS-SECTION OPEN OPEN Shallow OPEN holes 100 m OPEN OPEN OPEN OPEN Au (g/t) Assays OPEN OPEN OPEN >10.00 2.00 – 10.00 10
Slide 13: Supergene Mineralization with Free Gold
Au SUPERGENE MINERALIZATION WITH FREE GOLD Free Gold VG VG VG VG VG TSXV : PUMA www.explorationpuma.com 13
Slide 14: High Grade Gold Veins (Ag-Bi-Cu-Pb-Sb-Zn)
Au HIGH GRADE GOLD VEINS (Ag-Bi-Cu-Pb-Sb-Zn) WB22-66 : 51.73 g/t Au over 1.85 m WB21-02 : 46.94 g/t Au over 3.85 m TSXV : PUMA www.explorationpuma.com 14
Slide 15: Possible Low Sulphidation Epithermal Gold Deposit
POSSIBLE LOW SULPHIDATION EPITHERMAL GOLD Au DEPOSIT “Low sulphidation epithermal Au mineralization at Williams Brook is of the Lynx Gold hypogene intrusion-related quartz-sulphide Au (Cu) transitional to the carbonate-base metal Au (Ag) end members, which has undergone Zone substantial supergene Au
Slide 16: Summer 2022 Surface Exploration Program – New Areas Targeted
Au SUMMER 2022 SURFACE EXPLORATION PROGRAM - NEW AREAS TARGETTED LYNX WB1 WB2 TSXV : PUMA www.explorationpuma.com 16
Slide 17: 2022 Summer Program Highlights
Au 2022 SUMMER PROGRAM HIGHLIGHTS Jaguar Gold Zone (JGZ) Rocky Brook Millstream Fault major structure for gold mineralization control Soil Survey 1.5 km X 3.5 km (2300 samples) RESULTS PENDING Trenching : 4,115 metres Cougar Gold Zone (CGZ) Grabs up to 100% Puma 8.67 g/t Au in a rhyolite 100% Puma J
Slide 18: Jaguar Gold Zone - Sampling Results
Au JAGUAR GOLD ZONE - SAMPLING RESULTS Hole ID From (m) To (m) Lenght (m) Au (g/t) Jaguar Gold Zone 0.18 g/t Au 2.39 g/t Au WB-08-03 12,00 67,00 55,00 0,52 29% samples > 1.00 g/t Au WB08-08 >100 samples assays pending incl. 28,00 66,00 38,00 0,72 Altered Rhyolite, veinlets with Py 0.42 g/t Au incl.
Slide 19: High-Grade Gold at the JGZ
Au HIGH-GRADE GOLD AT THE JGZ Jaguar Gold Zone Qtz-v : Quartz Vein Limonite OPEN Rhy : Rhyolite Sed : Sediment Bas : Basalt Limit current 5.32 g/t Au OPEN Flt : Fault Py : Pyrite Zone stripping Lim : Limonite 4.57 g/t Au 7.17 g/t Au Rhy 16.30 g/t Au Sed Bas Grab Sample OPEN Py 34.70 g/t Au 16.85 g/t
Slide 20: Gold Mineralization at the JGZ Associated with Pyrite
GOLD MINERALIZATION AT THE JGZ ASSOCIATED WITH Au PYRITE Py Highly fractured rock Py 8.55 g/t Au 34.70 g/t Au TSXV : PUMA www.explorationpuma.com 20
Slide 21: High-Grade Gold at the Cougar Gold Zone – Similarities to the LGZ
HIGH-GRADE GOLD AT THE COUGAR GOLD ZONE – Au SIMILARITIES TO THE LGZ TSXV : PUMA www.explorationpuma.com 21
Slide 22: Cougar Gold Zone – Potential Rhyolite Dome
Au COUGAR GOLD ZONE – POTENTIAL RHYOLITE DOME TSXV : PUMA www.explorationpuma.com 22
Slide 23: Next Steps at Williams Brook Gold Project
Au NEXT STEPS AT WILLIAMS BROOK GOLD PROJECT LYNX GOLD ZONE – main focus ONGOING EXPANSION • Extend the zone (open in all directions) • Complete a metallurgical test • Identify 2023 drilling targets through 3D structural analysis 2022 GROWTH STRATEGY - EXPLORE THE BEST OPPORTUNITIES AT EVERY LEVEL R
Slide 24: Regional Blue Sky Targets
Au REGIONAL BLUE SKY TARGETS Approx. 2022 EXPLORATION PROGRAM favourable Mineral Potential Index (MPI) corridor Map targets Stripping Jaguar Prospection Stripping Soil Cougar Survey Exploration Trenching 10,000 m drilling Exploration Trenching Soil Survey TSXV : PUMA www.explorationpuma.com 24
Slide 25: Exploration Work is Ongoing
Au EXPLORATION WORK IS ONGOING TSXV : PUMA www.explorationpuma.com 25
Slide 26: Upcoming Milestones
Au UPCOMING MILESTONES Pending results of the ongoing 2022 surface exploration program on the 46,000 ha land package Compilation of data including AI to identify additional priority targets on the property Results of metallurgical test at the Lynx Gold Zone Launch of 2022-2023 drilling program News
Slide 27: Contact Us
Au CONTACT US 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 27