Murray Brook Minerals, Puma's Subsidiary, Closes $220,000 Private Placement

Core Viewpoint - Puma Exploration Inc. has successfully closed a non-brokered offering of flow-through common shares, raising C$220,000 to advance its Legacy Project, a copper and silver asset in Northern New Brunswick [1][2]. Group 1: Financial and Corporate Actions - Murray Brook Minerals Inc. closed an offering of 4,400,000 flow-through common shares at C$0.05 per share, resulting in gross proceeds of C$220,000 [1]. - Following the offering, Murray Brook Minerals has 28,044,165 common shares outstanding, with Puma holding approximately 84.3% of these shares [1]. - The proceeds will be allocated to advance the Legacy Project, including data compilation and exploration activities [2][18]. Group 2: Project Details - The Legacy Project consists of two claim blocks covering 10,100 hectares and is located less than 15 km from St-Quentin, New Brunswick [6]. - The project is underexplored but has high potential for discoveries, hosting high-grade copper-silver skarns similar to Osisko Metals' Gaspé Copper project [8]. - Historical drilling has indicated significant mineralization, with a notable drill hole returning 59.34 meters at 1.22% Cu [14]. Group 3: Strategic Direction - Puma's DEAR strategy focuses on acquiring strategic mineral properties with high discovery potential, allowing investors to gain exposure to various commodities while the company concentrates on gold assets [3]. - The Legacy Project is contiguous to the McKenzie Gold Project, enhancing the strategic value of Puma's portfolio in Northern New Brunswick [2][6]. - The company aims to utilize low-cost exploration techniques to identify new drill-ready targets and expand the existing Legacy Deposit [5][13].