Mr. Marcel Robillard reports

PUMA EXPLORATION WELCOMES JEAN-DAVID MOORE TO ITS ADVISORY BOARD

Puma Exploration Inc. has appointed Jean-David Moore to the company's advisory board. Mr. Moore has been a consultant and adviser to several mineral exploration and development companies for over 15 years.

"Jean-David will be a valuable asset to Puma's advisory board, bringing his extensive industry experience and knowledge. He has developed a strong relationship network with his significant holdings in several mineral exploration companies. As a major shareholder of Puma, he will be a trusted ally and champion as we continue to develop our Williams Brook gold project. This appointment reflects Puma's continued commitment to building a team focused on creating value for shareholders," stated Marcel Robillard, president and chief executive officer of Puma.

Mr. Moore holds a degree in forestry engineering and a master's degree from Laval University in Quebec City, Canada. He is a member of the Order of Forest Engineers of the province of Quebec (OIFQ) and has published more than 70 scientific publications in different international journals.

2023 annual and special meeting of shareholders

The company also announces the results of its annual and special meeting of shareholders through live audio webcast on Aug. 29, 2023. The meeting's recording will be available on the company's website for future reference in the coming days.

At the meeting, all resolutions were passed with the required majority:

• The shareholders elected Mr. Robillard, Richard Thibault, Michel Fontaine, Rejean Gosselin, Dr. Laura Araneda and Jacques Dion to be duly elected as directors of the company until the close of the next annual meeting of shareholders of the company.
• The shareholders approved a resolution to appoint Malette LLP as auditor of the company to hold office until the next annual shareholder meeting and authorize the directors to fix its remuneration.
• The shareholders approved a resolution reapproving the company's rolling stock option plan.

Following the meeting, the board of directors approved the following executive appointments:

• Mr. Gosselin as chairperson of the board;
• Mr. Robillard as chief executive officer and president;
• Ginette Brisson as chief financial officer;
• Karolyn Bouchard-Gagne as corporate secretary.

In addition, the following appointments were made to committees as outlined as follows:

• Audit committee -- Mr. Thibault (chair), Mr. Fontaine and Ms. Araneda;
• Compensation committee -- Mr. Fontaine (chair) and Mr. Gosselin.

Grants of options

Pursuant to its stock option plan and subject to regulatory acceptance, Puma has granted an aggregate total of 3.5 million incentive stock options to certain company directors, advisers and consultants, vesting immediately. These options will be exercisable at 16.5 cents per common share and expire on Aug. 31, 2025.

About Puma Exploration Inc.

Puma Exploration is a Canadian-based mineral exploration company with precious metal projects in northern New Brunswick, near Canada's famous Bathurst mining camp (BMC). The company's flagship Williams Brook gold project covers more than 44,650 hectares in an established and mining-friendly jurisdiction near paved roads and with excellent infrastructure nearby.

Since 2021, with less than $10-million of exploration investment, Puma has made multiple gold discoveries on the Williams Brook property and believes it hosts a large hydrothermal system.

Puma's continuing exploration programs focus on building a gold camp in northern New Brunswick. The company is committed to deploying its DEAR (development, exploration, acquisition and royalties) strategy to generate maximum value for shareholders with low share dilution.

We seek Safe Harbor.