Nicholas-Denys Project PUMA exploration Nicholas-Denys Project Beresford Cu property New Brunswick, Canada Nicholas-Denys New-Brunswick, Canada Mo Porphyry www.explorationpuma.com PUMACL-SSEV PUXPF-US PUM-TSXV

Active Projects in New Brunswick Perfect Location for exploration Quebec Established Bathurst mining camp which welcomes employment opportunities Campbelton Chaleurs Bay Belledune Highway 11 Sea port 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: Benjamin Turgeon Red Brook DNR Core Shack Railway Beresford Copper Nigadoo Mine Puma Core Shack Ann’s Creek Bathurst Caribou Mine Airport Puma and DNR offices Murray Brook Deposit Puma Restigouche Mine Brunswick #12 Mine New-Brunswick Halfmile 0 15 km Stratmat Heath Steel Mine 2

Nicholas-Denys Projects Main Deposits Nigadoo Mine 100% PUM Nicholas-Denis area 1967-74 Moly Mines Main Fault Nicholas-Denys Porphyry Stephen Brook RBM Fault Beresford Copper 100% PUM Ann’s Creek area Millstream Iron Deposit II PineTree Dante Halfmile Raya Shaft Main Deposits Haché Lens Ag-Au-Pb-Zn Skarn Cu-Fe Porphyry Cu-Mo Skarn Zn-Ag Skarn Au Henry - East G.Northern 1 2 km 3

Large Metallogenic Area A – Mado C – Dante B – Hachey Porphyre Mo-Ag-Cu (A) Lens Au-Ag-Pb-Zn (B) Skarn (C) 4

Puma’s drilling results in the Skarn horizon Best results Beresford Copper (Skarn Cu) F07-01: 0.30% Cu, 0.13 g/t Au, 34 g/t Ag, 121 ppm Mo / 27.0m N F07-02 : 0.42% Cu, 0.37 g/t Au, 19.8 g/t Ag / 4.5m 200 000 tons @ 2% Cu (Historical) Millstream Iron (Skarn Cu-Fe) Discovery hole (2014) Skarn horizon ? F07-04 : 0.50% Cu, 0.15 g/t Au, 6.6 g/t Ag / 29.3m ND Granodiorite (16 km2) F07-05 : 0.46% Cu, 7.4 g/t Ag, 0.5% Zn / 4.7m F07-06: 0.42% Cu, 0.10 g/t Au, 4.3 g/t Ag, 306 ppm Bi / 26.7m 300 000 tons @ 1.5% Cu (Historical) Skarn horizon Beresford Cu Intrusion contact Millstream Fe 0 1 km Magnetic Map 5

2014 Drilling Results into IP Chargeability Anomalies F07-09 FND12-02 2014 Drilling Results to Date N Hole From To Long. Mo Ag Cu # m % g/t ppm FND14-01 11 85,2 74,2 0,016 0,15 174 12,1 32,2 20,1 0,030 0,4 275 27,4 4,8 0,053 0,3 343 FND14-02 12 498,4 486,4 0,036 1,04 225 375,3 363,3 0,042 1,18 264 42 350,2 308,2 0,048 1,37 276 43,2 243,9 200,7 0,065 1,87 324 98,1 215,1 117 0,080 2,6 354 155,4 212,7 57,3 0,096 3,58 344 178,7 34 0,115 3,69 366 194,3 20,8 0,140 4,71 110,1 118,5 8,4 0,215 7,11 561 202,7 12,4 0,179 4,88 387 100,5 18 3,91 454 467,2 31,2 0,061 1,36 206 468,4 494,8 26,4 0,069 1,44 220 479,1 481,7 0,279 12,35 810 FND14-03 37,4 290,4 253 0,026 0,34 335 173,2 117,2 0,033 0,17 283 206,8 83,6 0,040 287 263,6 26,8 0,049 0,12 282 14,4 0,071 0,13 288 277,8 5,2 0,108 0,26 322 FND14-02 FND14-03 FND13-04 FND13-03 FND13-02 Puma’s hole : Beresford Copper FND13-04: 0.10% CuEq / 591.0m FND13-02: 0.10% CuEq / 73.0m F07-07: 0.23% CuEq / 24.0m F07-08: 0.20% CuEq / 11.0m F07-09: 0.33% CuEq / 43.0m Main Fault (Skarn) Millstream Iron FND12-01 RBM Fault (Polymetallic) IP Map All drillholes drilled at 45◦ 0 1 km 6

FND14-02 Strong Mineralization and alteration over 300 meters Moly Moly 7

ND Porphyry contains also significant Copper and Silver Credits ND Porphyry VS World Class Molybdenum Mines RESERVES FND14-02 hit 0.065% Mo over 200m Incl. 0.080% Mo over 117m 73.5 million tonnes @ 0.075% Mo* ND Porphyry contains also significant Copper and Silver Credits 65.8 million tonnes @ 0.052% Mo* *From Thompson Creek Metals website 8

Signifiant Additional Targets Identified F07-09 : 0,051%Mo / 43.4m F07-07 : 0,055%Mo / 14.8m N 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 FND14-03 : 0,048%Mo / 26.8m 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 FND13-02 : 0,051%Mo / 4.2m Cu Skarn Targets Infrastructure • 100% Puma, no royalties • Located in historic mining area • New-Brunswick is extremely mining friendly • At sea level, with nearby smelter and port Main Fault (Skarn) Cu-Fe Skarn IP Map RBM Fault (Polymetallic Lens) 0 1 km 9

McCutcheon GeoConsulting Partnerships McCutcheon GeoConsulting Geological mapping, mineral deposit & writing/editing expertise Jeff Hussey and Associates Inc Exploration, Mining, and Geo-Metallurgy Entreprise Beresford Excavation Excavation, Road construction, Floating heavy equipment Forage de l’Est Drilling 21