Mr. Marcel Robillard reports

PUMA EXPLORATION AND EL NINO VENTURES AMEND THE TERMS OF THE MURRAY BROOK PROPERTY AGREEMENT

By mutual agreement, Puma Exploration Inc. and El Nino Ventures have agreed to modify the terms of the amended and restated asset purchase agreement signed Oct. 5, 2016, as amended thereafter. Pursuant to the third amending agreement signed by Puma and El Nino, Puma now has until June 30, 2019, to proceed with the final $1-million cash consideration. In addition, subject to the obtention of the approval of the TSX Venture Exchange, Puma shall pay El Nino one million shares of its capital stock as an additional fee.

If Puma does not satisfy the conditions set forth in the amended and restated asset purchase agreement, it will provide to El Nino the geological information, reports, metallurgical tests and the surface copper zone drill sampling, which represent about $2.4-million in exploration work completed on the Murray Brook project since El Nino entered into the original sale agreement with Puma.

"We are very pleased with the amended terms between the parties, which provides more time to optimize and finalize the current tests and studies in progress at Murray Brook to achieve our shared objective to finalize the acquisition and define the best mining scenario for the Murray Brook deposit," noted Marcel Robillard, president of Puma. "The company is currently evaluating different funding scenarios to secure the Murray Brook property. The objective is to create shareholder values and minimize the overall dilution," added Mr. Robillard.

Qualified persons and quality control/quality assurance

The content of this press release was prepared by Marcel Robillard, PGeo, president of Puma Exploration, qualified person as defined by National Instrument 43-101, who supervised the preparation and technical information that forms the basis for this news release.

About the Murray Brook project

The Murray Brook project comprises three distinct contiguous areas that cover 8,800 hectares and more than 18 kilometres of the favourable rocks that host the operating Caribou mine (Trevali Mining Corp.) on the east side, the Murray Brook deposit and the past-operating Restigouche mine (Trevali Mining). From east to west, the Murray Brook project comprises the Murray Brook East property, the Murray Brook mining lease and the Murray Brook West property.

The Murray Brook East and Murray Brook West properties have been subject to various degrees of exploration and share the same potential of increasing the mineral resources defined at the Murray Brook deposit and several future priority targets have been defined on these properties.

About the Murray Brook deposit

The Murray Brook deposit covers an area of 484 hectares with a currently defined measured and indicated mineral resources of 5.28 million tonnes averaging 5.24 per cent zinc, 1.80 per cent lead, 0.46 per cent copper, 68.9 g/t silver and 0.65 g/t gold. The core of this mineral resource occurs in the West zone, which is 200 metres wide, extending from surface to 300 metres vertical and the true thickness of the massive sulphide body varies from 75 metres to 100 metres. The East zone (copper/gold) is 100 metres wide, also extending from surface to 300 vertical metres and is mainly mineralized with gold and copper. On Feb. 20, 2017, an NI 43-101 report was accepted and filed on SEDAR.

About Puma Exploration Inc.

Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The company's major assets comprise an option to acquire 100-per-cent beneficial interest in the Murray Brook property, the wholly owned Turgeon zinc-copper project and the Nicholas-Denys project, all located in the Bathurst mining camp of New Brunswick, as well as an equity interest in BWR Resources, exploring in Manitoba. Puma's objective for the coming year is to focus its exploration efforts in New Brunswick and advance the Murray Brook deposit.

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