Mr. Marcel Robillard reports

PUMA EXPLORATION ANNOUNCES TSXV APPROVAL FOR THE SHARE CONSOLIDATION

Puma Exploration Inc., following its press release of Oct. 15, 2019, has obtained all necessary approvals from the TSX Venture Exchange to consolidate its common shares on the basis of 10 preconsolidation common shares for one postconsolidation common share. The consolidation will be effective at the opening of markets on Friday, Oct. 25, 2019. The symbol for the common shares of Puma remains unchanged.

At the effective date, Puma will have 27,609,972 postconsolidated common shares issued and outstanding.

Puma has already sent a letter of transmittal to its registered shareholders outlining the procedures to follow in order to exchange their current certificates representing common shares of Puma for share certificates or direct registration system (DRS) advice statements representing the postconsolidation common shares. Shareholders are asked to carefully read the instructions on the letter of transmittal in order to proceed with such exchange and can contact Toronto Stock Exchange Trust Company at 1-866-600-5869 for any questions in connection with the exchange.

About Puma Exploration Inc.

Puma is a Canadian mineral exploration company with advanced- and early-stage precious and base metals projects in Canada. While the priority remains to secure and finalize the acquisition of the Murray Brook project in New Brunswick, the emphasis will be directed to execute its DEAR (development, exploration, acquisition and royalties/ownership) strategy to generate value to its shareholders.

We seek Safe Harbor.