Puma Samples 29.5% Zn at Ann's Creek Property in New Brunswick

RIMOUSKI, QUEBEC -- (Marketwired) -- 08/11/16 -- Puma Exploration (TSX VENTURE: PUM)(SSE: PUMA) reports results of the summer exploration sampling program at Ann's Creek property in New Brunswick, Canada. Puma's geologists have compiled and selected the highest potential within the less explored mineralized zones along the Rocky-Brook trend showing the highest zinc, silver and gold grades in order to evaluate and expand on their size.

The mineralized zones explored during the program, namely, PineTree, Half Mile, Bradly Gold and Great Northern, are spread over a distance of six kilometres and have received very little advanced exploration work to date. About 100 samples have been collected during the program showing very high grade precious and base metals up-to 29% Zn, 14% Pb, 491 g/t Ag and 8.8 g/t Au.

Table 1 : Selected grab samples results from the Ann's Creek Property

----------------------------------------------------------------------------
                                                  Au      Ag      Pb      Zn
Samples   UTM_X     UTM_Y              Zones   (g/t)   (g/t)     (%)     (%)
============================================================================
P193546   283693    5284570        Pine Tree    3.07      26     1.0     0.3
P193553   283782    5284569        Pine Tree    3.43      89     3.6     0.2
P193554   283779    5284585        Pine Tree    0.98     107     5.3     0.6
P193577   283054    5284489        Pine Tree    0.39       3     0.0     1.3
P193578   283052    5284490        Pine Tree    2.02       9     0.1     1.7
P193624   283788    5284588        Pine Tree    0.63     153     7.2     6.0
P193625   283830    5284588        Pine Tree    0.10      96     4.2     1.9
P193629   283848    5284593        Pine Tree    0.25     149     5.3     4.7
P193633   283670    5284555        Pine Tree    0.85     132     3.6    29.5
P193634   283674    5284547        Pine Tree    4.41      70     2.9     1.9
----------------------------------------------------------------------------
P193642   283410    5284516        Half Mile    0.97     105     4.8     7.6
P193644   283314    5284474        Half Mile    0.53      41     1.3     2.2
P193645   283314    5284476        Half Mile    3.75      25     1.4     7.6
P193646   283283    5284472        Half Mile    3.05       6     0.1     0.2
P193647   283238    5284483        Half Mile    0.95     175    11.1     5.3
----------------------------------------------------------------------------
P193585   277594    5282522   Great Northern    0.50     491    14.2     1.0
----------------------------------------------------------------------------
P193557   279326    5283839      Bradly Gold    1.78       1     0.0     0.0
P193558   279326    5283840      Bradly Gold    6.16       1     0.0     0.0
P193559   279311    5283836      Bradly Gold    1.49       1     0.0     0.2
P193560   279311    5283829      Bradly Gold    0.66     177     7.1     0.1
P193561   279309    5283831      Bradly Gold    1.72      33     2.2     0.4
P193595   279178    5283768      Bradly Gold    0.08       2     0.0     1.7
P193606   279347    5283873      Bradly Gold    8.81     208     3.6     4.1
P193607   279347    5283872      Bradly Gold    6.86     113     0.9     6.4
P193608   279367    5283861      Bradly Gold    0.54     147     1.1     2.3
P193614   281876    5284152      Bradly Gold    0.26       9     0.3     1.7
P193617   282643    5284368      Bradly Gold    0.69       8     0.1     1.3
----------------------------------------------------------------------------

The Ann's Creek Property consists of a 15 km long by 1.5 km wide Rocky Brook mineralized corridor adjacent and spatially related with the large 4 km diameter Nicholas-Denys porphyry intrusion. The Rocky Brook Corridor is a major mineralized structure which contains the main silver-gold-lead-zinc lenses centered on the Rocky-Brook-Millstream fault which is interpreted to have played a major role in the enrichment of the mineralized lenses. Surface trenching and stripping programs will be conducted in the vicinity of these zones in order to increase their size and extent.

Three-dimensional modeling focusing on the high-grade portions of the Hache and Shaft lenses containing at least 300 grams per tonne (g/t) Ag (10 ounces per ton) has been completed. Puma is currently evaluating different scenario's to monetize the high grade Ag-Zn-Au- Pb at Hache and Shaft lenses.

About Puma Exploration

Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company's major assets are the Turgeon Zinc-Copper Project and the Nicholas-Denys Project in New Brunswick and their equity interest in BWR as related to the Little Stull Lake Gold Project in Manitoba. Puma is focusing its exploration efforts in New Brunswick, Canada.

You can visit us on Facebook and Twitter.

Learn more by clicking here: www.pumaexploration.com

The contents of this press release were prepared by Dominique Gagne, PGeo, a Qualified Person as defined in NI 43-101. The samples were analyzed at the ALS Chemex laboratory in Val d'Or using the atomic absorption and ICP methods. There is not enough drilling data presently available to determine the shape and true width of the mineralized zone. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma Exploration Inc. to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made, except as required by law. Puma Exploration undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.

To view the map associated with this press release, please visit the following link: http://media3.marketwire.com/docs/AnnsCreekDeposit.pdf

Contacts:
Puma Exploration Inc.
Marcel Robillard
President
(418) 724-0901 or Toll free: (800) 321-8564
[email protected]
www.pumaexploration.com

Source: Puma Exploration Inc.

You May Also Be Interested In

• HII wins $336M Navy contract for CVN 82 aircraft carrier materials
• CUPE Local 4599: Workers at Kensington Health Long-Term Care and Hospice call on the community for support, amid contract negotiations
• Aignostics Launches PathoSearch, a Visual Search Engine for Pathology Cases