Puma Exploration Inc. - Project Summary

SummaryExploration Projects

Canada

www.explorationpuma.comPUMACL-SSEV PUXPF-USPUM-TSXV

Active Projects in New Brunswick

New-Brunswick

Bathurst

Belledune

Campbelton

Brunswick #12 Mine

Heath Steel Mine

CaribouMine

Restigouche

Mine

Nigadoo Mine

PumaandDNR offices

Airport

DNR Core Shack

Railway

Perfect Locationfor exploration

0 15

km

Quebec

Stable government policies that offer certainty and reduce the

risk of longterm projects.

Skilled labor force

Airport, Railway, Paved Road

Regional DNR Office and Core shack

Bathurst area includes:

HalfmileStratmat

Murray Brook

DepositPuma

Highway 11

Turgeon

BeresfordCopper

Sea portBenjamin

Established Bathurst mining camp which welcomes

employment opportunitiesChaleurs Bay

Puma Core Shack

Ann’s Creek

2

Red Brook

Localisation

3

New-Brunswick Projects

Canada

Manitoba Projects

US

Turgeon Project

4

High potentialfor more discoveries

▪ Untested geophysics and geochemistry anomalies

▪ High potential inside the mafic belt for new VMS

▪ Proximity of a large devonian intrusion

Bern ZoneCu-Ag veins

Chaleur Group

Fournier Group (sed)

Dalhousie Group (sed)

TurgeonCu-Zn Deposit

GranodioritePorphyry

VMS favorable unit

Chaleurs Bay

kilometers

0 2.5 5

Antinouri Lake

Fournier Group (mv)

Black Point Group

Gold showingsBase metals showings

x Metals occurences

Legend :

N

3.2% ZnEq / 2.3m

Sheeted Dyke

Gabbro

Mafic flow

North Fault

Center Fault

Zn Fault

Dragon Fault

Zn Zone

Powerline

0 100

Meters

Jaspe Fault

Favo

rabl

e Ro

ck

(Alte

ratio

n zo

ne)

N

Dragon

2 km

Ope

n

2 km O

pen

FT15

-02

Sediments

FT15-01FT

14-0

5FT

15-0

3

FT13-13FT15-04

1.1% ZnEq / 4.1m

3.3% ZnEq / 14.9m

3.8% ZnEq / 4.2m

3.3% ZnEq / 4.8m

4.1% ZnEq / 4.7m

4.5% ZnEq / 1.8m

3.5% ZnEq / 2.4m

4.6% ZnEq / 6.3m

3.8% ZnEq / 4.0m

4.2% ZnEq / 6.3m3.5% ZnEq / 7.9m

Fault

5

*Zneq (zinc-equivalent): Calculations use metal prices of $1.00/lbs zinc, $3.00/lbs copper, $15/oz silver and using the formula ZnEq% = Zn% + (Cu% X 3.0) + (Ag g/t*0.0218).

Turgeon Property VMS

PLW

Zn Zone

Dragon

Major Untested

target

Major Untested

target

OpenNE

survey limit

2.15% Zn / 4.80m

Open

SW

Open

NE

Surface 0m

400m

6

Geophysical IP OreVision : Major Untested Targets


7

Major Untested target

Pwl + Zn Zone

Ishikawa Alteration Index (AI)At surface

Looking East

Major Alteration over 300m

Looking South

Dragon

Dragon

MajorTarget

Geophysical IP OreVision : Hydrothermal alteration


15

PUMA exploration

Pum 100%

TR14

-54

N

Trench sample1.07% Cu, 1.5 g/t

Ag

Trench sample2.05% Cu, 5.8 g/t Ag

Stratabound

TR14-56

TR14

-53

TR14

-57

TR14

-52

TR14

-51

Trench sample0.28% Cu, 1.1 g/t

Ag

TR 14-55

Prospection sample0.46% Cu, 0.3g/t Ag

Prospection sample

0.79% Cu, 0.8g/t Ag

Prospection sample0.59% Cu, 0.6g/t Ag

Stripping sample13.4% Cu, 4 g/t Ag«

Stripping Area (Bern Zone)

Possible quartz veins mineralisedQuartz veins mineralised

25m

75m

Turgeon South Property

Stripping sample9.74% Cu, 10.1 g/t

AgBern Zone ?

Bern Zone Cu-Ag

16

Summer 2014

▪ Six (6) channels for 64 meters

▪ Seven (7) trenches for 1240 meters

▪ Stripping 75 meters by 25 meters

▪ Fault and shear hosted veins Cu-Ag (related to porphyry system)

Quartz veinSulphides

Faults

Channel (#) From (m) To (m) Length (m) Cu (%) Ag (g/t)R14-01 3.0 6.0 3.0 1.2 1.1

incl. 4.0 5.0 1.0 1.8 2.0R14-02 1.7 8.7 7.0 1.1 1.8

incl. 1.7 2.7 1.0 2.1 5.2R14-03 1.9 6.9 5.0 1.0 1.4R14-04 2.0 10.0 8.0 1.1 2.3

incl. 3.0 7.0 4.0 1.6 2.5incl. 3.0 5.0 2.0 2.4 4.1

R14-05 1.0 9.0 8.0 1.5 2.4incl. 3.0 9.0 6.0 2.0 3.2incl. 3.0 5.0 2.0 3.0 5.0

R14-06 2.0 6.0 4.0 0.8 1.8incl. 4.0 6.0 2.0 1.1 2.9

75m

25m

Turgeon South Property

Bern Zone Cu-Ag

Nicholas-Denys Projects Main Deposits

PineTree

ShaftHalfmile

G.Northern

Haché

Beresford Copper

Dante

100% PUMNicholas-Denis area

100% PUMAnn’s Creek area

RayaMain Deposits

Main Fault

RBM Fault

Nigadoo Mine

Nicholas-DenysPorphyry

1967-74

Deposit II

Henry - East

Stephen Brook

km

0

1

2

Moly Mines

Millstream Iron

Lens Ag-Au-Pb-Zn

Skarn Cu-Fe

Porphyry Cu-Mo

Skarn Zn-Ag

Skarn Au

8

9

Signifiant Metallogenic System :

• 36 sq km mineralized halo• Primary plutonic source• Genetically related skarns• Structural concentrators

FND14-02 : 0,065%Mo / 200.7m

FM12-02 : 0,051%Mo / 7.3m

FND13-02 : 0,051%Mo / 4.2m

F07-09 : 0,051%Mo / 43.4m F07-07 : 0,055%Mo / 14.8m

FND14-03 : 0,048%Mo / 26.8m

0 1

km

Beresford Copper Property

RBM Fault

(Polymetallic Lens)

Main Fault (Skarn)

Cu Skarn

Cu-Fe Skarn

IP Map

N

Targets

Exploration Status :

• Underexplored, under 700m drilling per sq km• Large, persistant Mo, Cu, Ag area over intrusion• So far, one intercept with economic grades• Numerous IP targets remain untouched• Endo and Exoskarn zones to be tested• Adjacent multi-metallic structural deposits

Infrastructure

• 100% Puma, no royalties• Located in historic mining area• New-Brunswick is extremely mining friendly• At sea level, with nearby smelter and port

73.5 million tonnes @ 0.075% Mo*

65.8 million tonnes @ 0.052% Mo*

FND14-02 hit 0.065% Mo over 200mIncl. 0.080% Mo over 117m

ND Porphyry contains also significant Copper and Silver Credits

*From Thompson Creek Metals website

RESERVES

10

Beresford Copper Property

Hache

Henry East

HenryShaft

NPineTree

Millstream Fe

Deposit II

DanteRaya

Bradley Au

Main Fault

RBM Fault

RBM Fault

Main Fault

NW Structure

NW Struc

ture

The mineralization is open in all direction

0 500

Meters

11

Ann’s Creek Property

Advanced works on both zones

Haché Lens

92% of the silver84% of the zinc90% of the lead80% of the gold

25 m of core for 30 kg

Recovery

1.1 million oz of silver11 million lbs of zinc 5 million lbs of lead 6,200 ounces of gold

Indicated Resources

The estimate covers only the central portion of the Haché zone, i.e., an area about 50m in length and

50m wide and includes only 33 holes.

Since 90 holes for 21,000m

NI 43-101Resources

12

R1

R2

R3

R4

R5

Porphyre

km

0 2

Mine Nigadoo

Haché Area

Stripping 100m X 50m

Haché

Haché west

FH12-04 : 7.53% Zn, 529 g/t Ag, 1.70 g/t Au / 4.75m (25.53% Zneq)

FH12-07 : 2,83% Zn, 286 g/t Ag, 0,72 g/t Au / 3.9m (12,57% Zneq)

FH12-01 : 5,08% Zn, 106 g/t Ag,

2.80 g/t Au / 5.0m (13,07% Zneq)

R1 : 3,25% Zn, 1331 g/t Ag + 3.05 g/t Au 3.2m (49,4% Zneq)


R5 : 0,66% Zn, 226 g/t Ag + 1.2 g/t Au 11,6m (14,15% Zneq)

R2 : 1,27% Zn, 233 g/t Ag + 0.63 g/t Au 16m (9,17% Zneq)


N


13

- 125m

Surface

- 300m

Resource 43-101

SHAFTHACHÉ

Haché West

Targets Silver

> 60 g/t Ag

Haché and Shaft Lenses : Silver

W E


14

207 g/t Ag over 11m (D)3470 g/t Ag (G)

213 g/t Ag over 1m (D)1025 g/t Ag + 10.6 g/t Au (G)

527 g/t Ag + 0.6 g/t Au over 4.5m (D)984 g/t Ag + 12.1 g/t Au (G)

166 g/t Ag over 1.9m (D)

4080 g/t Ag (G)

207 g/t Ag + 1.7% Cu over 1.4m (D)

508 g/t Ag + 3.0 g/t Au (G)

Bridge

631 g/t Ag + 0.6 g/t Au over 1.0m (D)

Nicholas-Denys 100% PUM

169 g/t Ag + 0.4 g/t Au over 6.8m (D)

km

0 1 2

Drilling result (D)

Grab sample (G)Sormany Gate

Zarina Deposit 2

Great Northern

Haché

Millstream Iron

PineTree

Halfmile

Lavigne Brook

Stephen Brook

Shaft

Decline (1971)

Cullinan

Henry

Dante

Henry East

Raya Bradley Gold

Ann’s Creek 100% PUM

Fault

Fault

N

248 g/t Ag + 1.1 g/t Au over 12.7m (D)

508 g/t Ag + 1.2 g/t Au over 1.2m (D)

84 g/t Ag + 1.7 g/t Au over 8.2m (D)

97 g/t Ag over 2.0m (D)

400 g/t Ag + 2.2 g/t Au over 2.5m (D)

509 g/t Ag + 0.5 g/t Au over 3.8m (D)

192 g/t Ag + 0.3 g/t Au over 3.1m (D)

138 g/t Ag + 0.9 g/t Au over 5.6m (D)

Beresford Copper

195 g/t Ag + 1 g/t Au (D)

225 g/t Ag + 1.2 g/t Au over 29.1m (D)


New-Brunswick

Benjamin Project

PUM Bathurst

17

Benjamin Formation (Felsic volcanic)

Bryant Point Formation (Mafic volcanic)

Connors21 claims for 454 ha

Benjamin Project

● Gabbro phase● Granodiorite phase (host mineralization)● Quartz monzonite phase● Late intrusion phase

4 Intrusives phases

Located at 30km to west of the Turgeon Cu-Zn

project in northern New-Brunswick

Similar potential like Murdochville old mine

according geology setting and copper grade

New Mills Formation (Sedimentary rock)

Devonian intrusion (Intermediate rock )

Devonian intrusion (Mafic rock )

BenjaminConnors

Benjamin River Project

New-Brunswick

Benjamin Project

0 500

meters

PUM Bathurst

18

Connors property21 claims for 454 ha

Soquem Reserve23Mt @ 0.18%Cu, 0.01%Mo

(Noncompliant 43-101)

Intermediate Intrusive phase

Benjamin Formation

(Felsic volcanic)

Bryant Point Formation

(Mafic volcanic)

Best holes by Soquem

Hole 7008 : 0.37% Cu, 109ppm Mo / 70.1m

(0.44%Cueq)

Hole 7022 : 0.20% Cu, 156ppm Mo / 126.5m

(0.28%Cueq)

ConnorsProperty

Mineralised Area

The deposits is open

Magnetic Map

Little Stull lake Project North Caribou Terrane

• Historical Resources NOT compliant 43-101

Greenstone beltswith associated faults

Rusty Zone190 000 oz Au*

Monument Bay3.6M oz Au (43-101)

Island Lake

Gods Lake160 000 oz Au*

Simplified Geology of Manitoba

Little Stull Lake257 500 oz Au*

San Gold

Goldcorp

Little Stull Lake

Manito

baOn

tario

Gold Deposits

Gold Occurences

• Gold Mineralization is shear-hosted (ca. 2700

Ma)

• Associated alteration dominated by sericite,

silicification and carbonitization (Fe-carb),

minor fuschite

• Associated with finely disseminate pyrite and

arsenopyrite

Greenstone belts

19

Drill Results

West Zone

Zone 3W

Zone 11W

Zone 17W

West Zone

West Zone location

Zone 3W

Zone 11W

Zone 17W

LS-133 : 9.6 g/t Au over 4.0mLS-82 : 4.5 g/t Au over 45.2m

LS-101 : 4.8 g/t Au over 9.7mLS-125 : 15.7 g/t Au over 4.0mLS-94 : 8.2 g/t Au over 4.1m


LS-175 : 16.8 g/t Au over 3.0mLS-47 : 17.8 g/t Au over 3.0mLS-46 : 17.2 g/t Au over 3.0mLS-70 : 7.4 g/t Au over 47.0m

LS-131 : 17.0 g/t Au over 3.0m


20

17

11 96

16

23

12 10

10

24

11

3225

2562 165

35

10

10031

32

1121

15

21

0 200 400

meters

LS-86

LS-156

LS-125

> 10 g/t Au> 5 g/t Au < 10 g/t Au> 2 g/t Au < 5 g/t Au

Gold grade over 2m

Mineralised Zone

Fault Zone

LS-82

Incl. 14,5 g/t Au over 3.5m

Incl. 18.2 g/t Au over 3.0m

LS-70

Little Stull lake Project

Red Brook Project

New-Brunswick

Red Brook Property

0 2

KM

PUM Bathurst

21

Balmoral Group(Mafic volcanic)

23 claims totaling 500 hectares

located 20 km west of Puma's Benjamin Project

and 50 km west of Nicholas-Denys Project.

Claim Bloc 7221

Sample Au Ag Cu Zn # g/t g/t % %

43152 0,57 2,1 0,2 0,043158 0,02 2,5 0,3 13,143159 0,01 2,4 0,2 7,943160 0,01 2,5 0,3 8,943161 0,01 2,7 0,2 13,343163 0,01 1,8 0,2 7,344763 0,06 3,0 0,7 0,044767 0,05 2,2 0,7 0,044779 0,82 1,3 0,3 0,044780 1,38 2,1 0,5 0,044782 0,55 1,8 0,4 0,0

Red Brook Granodiorite(Felsic Intrusion)

Chaleurs GroupSediments

Matap

edia

Group

Carb

onat

e

Geological Map

New-Brunswick

Red Brook Property

0 2

KM

PUM Bathurst

22

23 claims totaling 500 hectares

located 20 km west of Puma's Benjamin Project

and 50 km west of Nicholas-Denys Project.

Claim Bloc 7221

Sample Au Ag Cu Zn # g/t g/t % %

43152 0,57 2,1 0,2 0,043158 0,02 2,5 0,3 13,143159 0,01 2,4 0,2 7,943160 0,01 2,5 0,3 8,943161 0,01 2,7 0,2 13,343163 0,01 1,8 0,2 7,344763 0,06 3,0 0,7 0,044767 0,05 2,2 0,7 0,044779 0,82 1,3 0,3 0,044780 1,38 2,1 0,5 0,044782 0,55 1,8 0,4 0,0

EM Map

Red Brook Project

Partnerships

23

Jeff Hussey and Associates Inc Exploration, Mining, and Geo-Metallurgy

McCutcheon GeoConsulting Geological mapping, mineral deposit & writing/editing expertise

Entreprise Beresford ExcavationExcavation, Road construction, Floating heavy equipment

Forage de l’EstDrilling

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Puma Exploration Inc. - Project Summary