Puma Exploration

Puma Exploration focuses on identifying and developing a pipeline of base and precious metals projects in New Brunswick, near Canada's well-known Bathurst Mining Camp. The company’s notable portfolio of gold landholdings, including the Williams Brook and McKenzie gold projects, are strategically positioned close to roads and infrastructure. With only $12M spent on exploration and 17,000 m of drilling, Puma secured a $16.75M Option Agreement for Williams Brook with Kinross Gold in October 2024, demonstrating the project’s promising potential, which has already shown high-grade gold intercepts, including 5 g/t gold over 50 m. The joint Puma/Kinross 3,500 m drilling program at Williams Brook in 2025 successfully intersected gold mineralization and included the deepest (355 m downhole) visible gold intersection drilled so far on the property.The McKenzie Gold Project has yielded grab samples containing up to 601 g/t gold. An initial drilling program is scheduled for late 2025. Aside from its exploration achievements, what sets Puma apart from other explorers is its “DEAR” business model of Discovery, Exploration, Acquisition, and Royalties. Through DEAR, Puma successfully spun-out Canadian Copper (CSE: CCI) in 2022 to advance its copper assets and is now preparing to do the same with its new Cu/Ag Legacy Project. Puma’s innovative approach to acquiring and developing projects maximizes shareholder value while minimizing share dilution.

Management Profile

Mia Boiridy, Director

Mia Boiridy is a seasoned professional in the mining and exploration sector with over a decade of experience spanning technical, executive, and corporate development roles. Before joining Puma Exploration in 2021, Mia served as President and CEO of MacDonald Mines. As a key member of Puma Exploration’s management team, Mia plays a pivotal role in shaping the company’s corporate development strategies and spearheads investor relations and communications. Mia holds a B.Sc. in Geology (Honours) and an M.Sc. in Geochemistry from McGill University. She joined Puma’s Board of Directors in 2024.

What is your rationale for taking part in 121 Mining Investment?

Looking to diversify Puma’s investor base. Looking to attract European investors interested in taking a position either in private placement or on-market and holding for 3-5 years.

What recent news would you like to highlight to investors attending?

• September 4, 2025 - Puma Exploration Provides Update on its 2025 Exploration Program at Williams Brook
• August 7, 2025 - Puma Exploration Reports High-Grade Results from Sampling at the Lion Gold Zone
• July 23, 2025 - Puma Exploration and Kinross Gold Start the 2025 Drilling Program at Williams Brook
• May 27, 2025 - Murray Brook Minerals, Puma’s Subsidiary, Closes $220,000 Private Placement

What are your key goals for the next 3, 6 and 12 months?

3 Months

• Receive results from 3,500 m summer drilling at Williams Brook (Optioned to Kinross)
• Receive results of inaugural drilling program, expand surface exploration at McKenzie to identify additional targets

6 Months

• Complete 1,500 m of drilling on other targets at Williams Brook
• Receive results of inaugural drilling program, expand surface exploration at McKenzie to identify additional targets

12 Months

• Continue to advance Williams Brook towards resource definition
• Launch expanded drilling program at McKenzie
• Spin-out new company with Legacy Project

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Raise funds to advance our 100% owned projects. We are actively marketing to raise awareness and identify new investors.

What do you think makes your company such a compelling investment?

Early-stage exploration in a fantastic jurisdiction with impressive gold grades from surface with large expansion potential. Impressive 92% gold recovery with gravity alone in preliminary met tests. Puma's successful low-cost exploration method received Kinross' stamp of approval, and we are confident that we can reproduce our success with our other 100%-owned assets to build Canada's next gold camp. Management’s “out of the box thinking” is actively de-risking the project, and the share price is at an attractive entry cost for investors at present.

What are the top 3 key investor takeaways?

1. Option Agreement with Kinross on Williams Brook Project - $16.75M of exploration expenditure over 5 years for 65% of the project. Exploration funded without dilution.

2. Puma's McKenzie Gold Project appears to also host significant gold mineralization. The RIM vein returned up to 601g/t gold in surface sampling. Gold mineralization was mapped over 1 km trend. Puma advancing McKenzie in parallel to Williams Brook.

3. Puma has successfully spun out some of its non-core assets and is constantly on the lookout for innovative ways to increase shareholder value and limit share dilution.