Puma Exploration Drills Visible Gold in 2023 Drilling Program at Williams Brook

Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce that the first drill holes of the 2023 drilling program at the Lynx Gold Zone successfully intercepted the favourable rhyolitesediment contact at depth with a series of quartz veins with associated sulphide mineralization that typically carries gold. Several specks of visible gold ("VG") were also observed in quartz veins. Pictures of the core are shown below.

DRILLING HIGHLIGHTS

The 11 drill holes completed show pervasive alteration and mineralization (py-cpy-ga-sph-mal) that typically carries high-grade gold mineralization;
The favourable rhyolite/sediment contact has been intersected at depth and shows continuity;
The projected and targeted high-grade gold shoot area shows significant sulphide mineralization, pervasive alteration, and specks of visible gold in two holes (WB23-129 and WB23-132);
Hole WB23-132 hosts visible gold at 87 m downhole, the deepest occurrence of VG so far.

Puma's President and CEO Marcel Robillard commented, "Our preliminary observations of the drill core are very exciting. We successfully hit the favourable contact and intercepted several quartz veins with pervasive alteration and sulphides (py-ga-cpy-sp-mal) at about 100 m vertical depth – 50 m deeper than what was drilled previously. We know that quartz veins with sulphides near the favourable contact are an excellent indicator of gold mineralization, as evidenced by the presence of visible gold in 2 holes along the interpreted high-grade gold shoot. These preliminary observations indicate that our model is sound and confirm that a significant gold deposit is possible at the Williams Brook Gold Project ".

Puma has completed approximately 20% of its ongoing 2023 drilling program at its flagship 100%-owned Williams Brook Project in Northern New Brunswick, Atlantic Canada. The fully-funded program includes a minimum of 6,000 m of drilling in separate phases aimed to extend the high-grade gold mineralization at depth and along strike of the Lynx Gold Trend ("LGT") and test other new surface gold discoveries. To date, eleven (11) drill holes for 1,275 m have been completed (see Figure 1) that successfully intercepted the depth extensions of the high-grade shoots defined by previous drilling programs. Assay results are pending and will be announced when received.

2023 Drilling Program – Phase 1

2,500 metres of drilling is planned for Phase 1 of the 2023 drilling program at the Lynx Gold Zone. This first phase is focused on the Lynx and Moose areas (see Figure 1) and is designed to confirm and extend high-grade gold mineralization at depth and along strike.

Figure 1. Map of the Lynx Gold Zone drill intercepts over 25 MF (g/t * thickness)

https://www.globenewswire.com/NewsRoom/AttachmentNg/606a2bbb-68a2-41b6-b837-012dd81ac618

Picture 1. Visible gold intersected in the current drilling program

https://www.globenewswire.com/NewsRoom/AttachmentNg/143efef8-a364-4d10-ac0c-99b28a544544

Picture 2. 12.2 m of quartz veins / brecciated stockwork with galena @ 16.0m downhole depth (WB23-122)

https://www.globenewswire.com/NewsRoom/AttachmentNg/666dc7f5-f69d-4d38-bf5f-a2de5dcb8f32

Picture 3. Quartz veins / Brecciated stockwork with py+ga+cpy @ 86.4 m downhole depth (WB23-124)

https://www.globenewswire.com/NewsRoom/AttachmentNg/75224f21-e07d-451a-80ab-52804126dced

Picture 4. Quartz veins – stockwork with limonite and sulphides @ > 100 m downhole depth (WB23-125)

https://www.globenewswire.com/NewsRoom/AttachmentNg/bf934dd4-36ef-442d-895c-7468806745bb

Table 1. Coordinates and depth of holes drilled to date

DDH #	Station	Easting (m)*	Northing (m)*	Elevation (m)	Azimuth (°)	Dip (°)	Length (m)
WB23-122	L090E	660246	5259235	386	335	-45	107.0
WB23-123	L090E	660256	5259214	386	335	-65	83.0
WB23-124	L120E	660213	5259379	392	155	-80	122.0
WB23-125	L140E	660263	5259293	386	330	-45	170.0
WB23-126	L160E	660242	5259412	389	155	-65	80.0
WB23-127	L160E	660237	5259421	389	155	-75	134.0
WB23-128	L140E	660236	5259382	389	155	-85	116.0
WB23-129	L180E	660263	5259417	389	155	-65	65.0
WB23-130	L100E	660207	5259347	388	155	-80	113.2
WB23-131	L115E	660227	5259340	389	165	-65	89.0
WB23-132	L230E	660303	5259443	388	230	-45	196.0
* Projection: UTM Nad83 zone 19						Total:	1,275m

About the Williams Brook Gold Project

Puma's flagship Williams Brook Gold Project covers an impressive 44,650 ha of prospective gold landholdings in Northern New Brunswick, an established and mining-friendly jurisdiction near paved roads and with excellent infrastructure nearby. The nearby towns of St-Quentin and Bathurst have a history of forestry and mining. The local communities support the industry and host a skilled labour force. The land package is located near the Rocky Brook Millstream Fault ("RBMF"), a major regional structure formed during the Appalachian Orogeny and a significant control for gold deposition in the region.

Since 2021, and with only $7M of exploration investment, Puma has made four (4) significant gold discoveries at the Williams Brook property - the Lynx, Cougar, Jaguar, and Panthera Gold Zones, with gold mineralization hosted in quartz veins at surface. The Lynx Gold Zone remains the company's focus. Still, Puma believes that a large orogenic/epithermal gold system is present at Williams Brook and is focused on building a gold camp on the large property package.

Figure 2. Main gold showings and occurrences at the Williams Brook Gold Project

https://www.globenewswire.com/NewsRoom/AttachmentNg/5faa0c0d-2bd7-4bfa-9624-cfb3517cce51

Qualified Person

The technical information of this release was reviewed and approved by Dominique Gagné, PGeo, a consultant of Puma and a qualified person as defined by the National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

On-Site Quality Assurance/Quality Control ("QA/QC") Measures Drill core samples are bagged, sealed and sent to the facility of ALS CHEMEX in Moncton, New Brunswick, where each sample is crushed and pulped before being fire-assayed (Au-ICP21). The remaining coarse reject portions of the samples remain in storage for further work or verification as needed. As part of its QA/QC program, the Company inserts external gold standards (low to high grade), blanks and duplicates for every batch of samples.

All samples over 10 g/t gold or with abundant visible gold are analyzed with a gravity finish (Au-GRA22). Check assays are routinely performed for samples with visible gold to ascertain the gold content of the mineralization zone.

About Puma Exploration

Puma Exploration is a Canadian-based mineral exploration company with precious metals projects near New Brunswick, Canada's Famous Bathurst Mining Camp ("BMC"). The Company is committed to deploying its DEAR strategy ( D evelopment, E xploration, A cquisition, and R oyalties) to generate maximum value for shareholders with low share dilution.

Connect with us on Facebook / Twitter / LinkedIn .
Visit www.explorationpuma.com for more information or contact:

Marcel Robillard , President and CEO, (418) 750-8510;
president@explorationpuma.com

Mia Boiridy , Head of Investor Relations and Corporate Development, (250) 575-3305; mboiridy@explorationpuma.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve several known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Puma to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made, except as required by law. Puma undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.

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Puma Increases the High-Grade Gold Footprint of the Lynx Gold Zone and Extends it at Depth

Hole WB23-139 intersected 63.05 m at 2.49 g/t gold, including two (2) high-grade gold intervals of 37.40 g/t gold over 2.50 m and 21.66 g/t gold over 2.55 m .
2.06 g/t gold over 5.20 m was intercepted at 215 m downhole (WB23-139)- the deepest occurrence of gold to date.
Lower-grade gold envelopes of 0.49 g/t to 0.67 g/t gold over 22.80 to 30.95 m surround the higher-grade gold shoots.
The Moose area shows consistent gold mineralization at surface with hole WB23-136 grading 30.90 m of 1.10 g/t gold .
Drill core samples with visible gold ("VG") returned 137.0 g/t gold over 0.60 m (WB23-139), 96.0 g/t gold over 0.45 m (WB23-139), 63.6 g/t gold over 0.30 m (WB23-136), 16.85 g/t gold over 0.79 m (WB23-137).

Puma Exploration Inc. (TSX-V: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce the results of another seven (7) holes of its 2023 drilling program at its 100%-owned Williams Brook Gold Project with high grades intercepts and long gold mineralized sections.

Hole WB23-139 intersected two (2) high-grade gold intervals of 37.40 g/t gold over 2.50 m and 21.66 g/t gold over 2.55 m (Figure 1) within a 63.05 m intercept grading 2.49 g/t gold from 89.95 to 153.00 m. The same hole intersected another gold intersection of 2.06 g/t gold over 5.20 m at 215 m downhole depth. With these new gold intersections, the Lynx Gold Zone ("LGZ") has been extended to approximately 150 m vertical depth (Figure 2), further highlighting the potential for significant depth extension.

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Puma Exploration Drills Series of Stacked High-Grade Gold Quartz Veins at Williams Brook

Hole WB23-125 returned 50.85 m of 1.05 g/t gold.
Gold mineralization extends over 90 m from surface in a series of stacked high-grade quartz veins.
All 11 holes intersected the targeted quartz veins, with assay results returning from anomalous gold (0.10 g/t) to 42.60 g/t.
Gold was intercepted at depth in areas never drilled before.
Results confirm the continuity of gold mineralization at the Lynx Gold Zone.
Assay results for 13 additional holes (2,200 m), including 47 samples containing VG are still pending

Puma Exploration Inc. (TSX-V: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce the results for the first eleven (11) holes of its 2023 drilling program at its 100%-owned Williams Brook Gold Project in Northern New Brunswick. These holes were first reported on August 2, 2023, and are not part of the series that returned more than 100 specks of visible gold ("VG") on initial inspection. Notwithstanding, seven (7) of the 11 holes reported today returned significant gold, with four (4) holes intersecting multiple mineralized high-grade gold quartz veins (Table 1). Hole WB23-125 intersected fifteen (15) separate quartz veins and returned 90 m of 0.70 gt gold from surface (at 2.90 m) with an impressive 50.85 m of 1.05 gt gold starting at 42 m depth, including a 4.50 m interval of 6.46 gt gold at 75 m depth.

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Puma Exploration Welcomes Jean-David Moore to its Advisory Board

Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") is pleased to announce the appointment of Mr. Jean-David Moore to the Company's Advisory Board. Mr. Moore has been a consultant and advisor to several mineral exploration and development companies for over fifteen 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 CEO of Puma.

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Grande Portage Announces Non-Brokered Private Placement Pursuant to the Listed Issuer Financing Exemption

Not for distribution to United States newswire services or for dissemination in the United States.

Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) ("Grande Portage" or the "Company") is pleased to announce a non-brokered private placement of up to 10,000,000 units (each, a "Unit") at a price of C$0.30 per Unit for aggregate gross proceeds of up to C$3,000,000 (the "Offering"). The Offering is being carried out pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions (the "LIFE Exemption") to purchasers resident in Canada, and in jurisdictions outside of Canada in compliance with the applicable securities laws of those jurisdictions. The Company has an offering document (the "Offering Document") related to the Offering that can be accessed under Grande Portage's profile at www.sedarplus.ca and on the Company's website at https:grandeportage.com. Prospective investors should read the Offering Document before making an investment decision

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DDH #	From (m)	To (m)	*Length (m)**	Au (g/t)
WB23-133	30.95	61.80	30.85	0.59
	32.10	50.70	18.60	0.74
	32.10	38.00	5.90	1.36
	INDIVIDUAL SAMPLES IN WB23-133
	32.10	32.65	0.55	10.65
	37.40	38.00	0.60	3.24
	49.00	49.35	0.35	4.33
	50.20	50.70	0.50	8.25
	60.15	60.90	0.75	5.18
WB23-136	8.30	39.20	30.90	1.10
Incl.	8.30	11.40	3.10	3.93
and	37.15	41.00	3.85	5.55
Incl.	37.15	39.20	2.05	10.38
and	37.55	37.85	0.30	63.40
WB23-137	2.71	33.66	30.95	0.67
Incl.	2.71	5.50	2.79	5.00
Incl.	2.71	3.50	0.79	16.85
and	33.30	38.90	5.60	0.96
Incl.	33.30	33.66	0.36	14.25
WB23-138	32.10	35.80	3.70	1.63
and	124.20	147.00	22.80	0.49
	INDIVIDUAL SAMPLESS IN WB23-138
	107.08	107.65	0.57	1.28
	124.20	124.70	0.50	2.63
	133.65	136.80	3.15	1.02
	139.30	141.95	2.65	1.53
	144.70	145.50	0.80	1.20
	146.00	147.00	1.00	1.05
	175.75	176.10	0.35	7.42
WB23-139	6.50	157.00	150.50	1.10
incl.	7.35	10.35	3.00	2.01
and	89.95	153.00	63.05	2.49
incl.	89.95	92.50	2.55	21.66
and	134.60	153.00	18.40	5.51
incl.	149.50	153.00	3.50	27.33
and	210.40	215.60	5.20	2.06

DDH #	Station	Easting (m)*	Northing (m)*	Elevation (m)	Azimuth (°)	Dip (°)	Length (m)
WB23-133	L310E	660336	5259560	387	202	-45	107.30
WB23-134	L290E	660312	5259564	388	155	-65	122.00
WB23-135	L290E	660335	5259521	387	335	-55	100.00
WB23-136	L300E	660350	5259505	386	295	-55	92.00
WB23-137	L320E	660371	5259519	386	295	-50	87.00
WB23-138	L310E	660362	5259507	385	260	-45	257.00
WB23-139	L290E	660361	5259481	386	260	-45	230.00
* Projection: UTM Nad83 zone 19						Total:	995.30

Area/Target	Sample	UTM Nad83_X	UTM Nad83_Y	Lithology	Au (g/t)
Bonanza	J026525	630753	5265348	Quartz vein	362.00
Bonanza	J026503	630754	5265343	Quartz vein	267.00
Dome	J026519	630708	5265231	Quartz vein	2.72
Dome	J026523	630708	5265231	Quartz vein	4.76
Dome	J026526	630708	5265231	Quartz vein	24.70
Dome	J026801	630708	5265231	Quartz vein	9.47
Dome	J026803	630708	5265231	Quartz vein	1.19
Dome	J026805	630708	5265231	Quartz vein	1.57
Dome	J026806	630708	5265231	Quartz vein	2.33
Dome	J026809	630708	5265231	Quartz vein	0.17
T23-07	J026501	630682	5265099	Quartz vein	0.31
T23-07	J026502	630682	5267097	Quartz vein	0.69
T23-08	J026505	630707	5265195	Siltstone/fault	0.50
T23-09	J026506	630689	5265123	Quartz vein	0.16
T23-09	J026510	630691	5265122	Quartz vein	0.35
T23-11	J026511	630674	5265072	Quartz vein	0.64
T23-11	J026513	630676	5265071	Sandstone	0.22
T23-11	J026514	630694	5265066	Quartz vein	1.10
T23-12	J026518	630668	5265050	Shale/fault	0.90

DDH #	From (m)	To (m)	Length (m)	Au (g/t)
WB23-123	7.60	8.00	0.40	1.03
WB23-125	2.90	93.55	90.65	0.70
Incl.	42.05	92.90	50.85	1.05
Incl.	66.25	92.90	26.65	1.70
Incl.	75.40	92.90	17.50	2.32
Incl.	78.65	92.90	14.25	2.67
and	75.40	79.90	4.50	6.46
Individual samples
	2.90	3.95	1.05	4.60
	11.00	11.30	0.30	9.87
	37.30	37.60	0.30	4.30
	42.05	42.40	0.35	2.85
	55.50	55.90	0.40	16.60
	66.25	66.60	0.35	13.30
	75.40	75.80	0.40	4.45
	76.05	76.25	0.20	1.71
	78.65	79.50	0.85	11.20
	79.50	79.90	0.40	42.60
	87.15	87.45	0.30	3.67
	88.00	88.40	0.40	11.05
	90.45	90.80	0.35	2.44
	91.75	92.35	0.60	5.32
	92.35	92.90	0.55	1.46
WB23-127	85.90	86.40	0.50	1.50
WB23-128	95.15	95.65	0.50	16.10
WB23-129	42.90	53.00	10.10	3.30
Incl.	45.25	48.45	3.20	10.36
Incl.	48.07	48.42	0.35	29.20
WB23-131	46.25	65.60	19.35	0.54
Incl.	47.00	48.05	1.05	1.06
and	53.80	59.75	5.95	1.39
Incl.	57.60	58.10	0.50	12.35
WB23-132	85.50	89.65	4.15	3.18
Incl.	86.15	89.07	2.92	4.43
Incl.	86.15	86.70	0.55	15.70
and	87.64	88.56	0.92	4.04

Sample #	Property	Work Type	East X	North Y	Rock Name	Au grade (g/t)
G237029	WB	Trench	660343	5259477	Quartz vein	288.00
G237027	WB	Trench	660341	5259474	Quartz vein	35.20
G239616	WB	Trench	660424	5259545	Quartz vein	26.00
G236936	WB	Trench	660238	5259246	Quartz vein	13.20
G236937	WB	Trench	660237	5259247	Quartz vein	12.45
G238377	WB	Trench	660872	5259928	Quartz vein	4.58
G236939	WB	Trench	660235	5259245	Quartz vein	3.98
G236941	WB	Trench	660239	5259246	Quartz vein	3.58
G236962	WB	Trench	660426	5259553	Quartz vein	3.46
G239606	WB	Trench	660426	5259549	Quartz vein	3.13
G237030	WB	Trench	660343	5259478	Quartz vein	2.78
G239605	WB	Trench	660426	5259551	Quartz vein	2.64
G236990	WB	Trench	660393	5259406	Quartz vein	2.53
G239629	WB	Trench	660388	5259401	Quartz vein	1.94
G236959	WB	Trench	660428	5259552	Quartz vein	1.72
G239787	WB	Trench	660465	5259531	Quartz vein	1.72
G236909	WB	Trench	660252	5259166	Quartz vein	1.59
G239609	WB	Trench	660425	5259548	Quartz vein	1.49
G236935	WB	Trench	660237	5259251	Rhyolite	1.37
G236931	WB	Trench	660243	5259248	Rhyolite	1.15
G236940	WB	Trench	660239	5259245	Quartz vein	1.08

DDH #	Easting (m)*	Northing (m)*	Elevation (m)	Azimuth (°)	Dip (°)	Length (m)
WB23-122	660246	5259235	386	335	-45	107.0
WB23-123	660256	5259214	386	335	-65	83.0
WB23-124	660213	5259379	392	155	-80	122.0
WB23-125	660263	5259293	386	330	-45	170.0
WB23-126	660242	5259412	389	155	-65	80.0
WB23-127	660237	5259421	389	155	-75	134.0
WB23-128	660236	5259382	389	155	-85	116.0
WB23-129	660263	5259417	389	155	-65	65.0
WB23-130	660207	5259347	388	155	-80	113.2
WB23-131	660227	5259340	389	165	-65	89.0
WB23-132	660303	5259443	388	230	-45	196.0

Hole ID	Easting (UTM WGS84, 29N)	Northing (UTM WGS84, 29N)	Elevation (m)	Azimuth	Dip	Depth (m)
ALDD001	307380	729170	35	100	-50	130.40
ALDD002	307345	729240	46	100	-50	154.75
ALDD003	307428	729485	36.00	110	-50	150.15
ALDD004	307800	730161	39.00	90	-50	120.15
ALDD005	307822	730108	34.00	90	-50	112.85
ALDD006	307673	729885	49.00	100	-50	150.85
ALDD007	307492	728934	35.00	280	-60	162.30
ALDD008	307892	730144	37.00	75	-50	167.35

Hole ID	From (m)	To (m)	Interval (m)	Average Au (g/t)
ALDD001	39.62	48.00	8.38	0.29
ALDD001	54.45	56.00	1.55	2.00
Including	54.45	55.20	0.75	3.70
ALDD001	59.00	61.00	2.00	0.27
ALDD001	66.00	67.00	1.00	0.20
ALDD001	89.00	90.00	1.00	0.28
ALDD002	50.00	51.00	1.00	0.31
ALDD002	98.00	99.00	1.00	0.26
ALDD002	109.00	112.00	3.00	0.34
ALDD003	50.88	52.38	1.50	0.32
ALDD003	72.21	87.00	14.79	0.30
ALDD003	96.00	100.00	4.00	0.32
ALDD004	45.50	49.00	3.50	0.46
ALDD004	68.25	69.00	0.75	1.16
ALDD004	79.00	81.00	2.00	0.37
ALDD004	96.00	97.00	1.00	0.23
ALDD005	70.80	72.00	1.20	0.28
ALDD006	0.00	1.50	1.50	0.36
ALDD006	53.00	55.00	2.00	0.37
ALDD006	77.00	84.00	7.00	0.47
ALDD006	102.00	103.10	1.10	0.27
ALDD007	0.00	1.00	1.00	0.26
ALDD007	7.00	13.00	6.00	0.37
Including	9.00	10.00	1.00	1.20
ALDD007	20.00	21.00	1.00	0.35
ALDD007	27.00	29.00	2.00	1.37
Including	27.00	28.10	1.10	2.21
ALDD007	80.70	84.75	4.05	13.92
Including	83.15	84.75	1.60	34.50
Including	83.15	83.90	0.75	9.91
Including	83.90	84.75	0.85	56.20
ALDD007	90.00	91.00	1.00	0.77
ALDD007	97.00	98.00	1.00	0.25
ALDD007	101.00	104.00	3.00	0.27
ALDD008	30.80	35.05	4.25	0.99
Including	30.80	31.50	0.70	5.25
ALDD008	39.00	40.00	1.00	0.31
ALDD008	44.00	51.00	7.00	2.23
Including	47.00	48.00	1.00	12.65

Puma Exploration Drills Visible Gold in 2023 Drilling Program at Williams Brook

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