Internacional (Marketwired, 15 de Agosto de 2013) Puma Exploration (TSX VENTURE:PUM) purchases JV partner Tanqueray Exploration (TSX VENTURE:TQY) interest in the Little Stull Lake gold property in northern Manitoba. Under the terms of the purchase agreement, Puma has paid a cash payment of $75,000 and will issue 400,000 Puma's shares. Tanqueray retains a royalty equal to 1% of Net Smelter Returns (NSR) from the Property. At any time after the Closing Date, Puma has the right to purchase half of the Royalty for CDN $1,000,000 and to purchase the other half of the Royalty for an additional CDN $2,000,000.About Little Stull Lake
The Little Stull Lake property is located only 15 kilometers north of the Monument Bay deposit which contains 3.6 million ounces of gold (MGP news release 2013-06-17) and occurs in a similar geological environment. Puma holds now 100% interest in the property and a 100% interest, in the Edmund property (MEL pending) located to the west of Little Stull Lake. With this strategic acquisition Puma controls over 35 kilometers of strike length along the greenstone belt hosting the Gold Mineralization.
About Puma Exploration
Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company's major assets are the Nicholas-Denys Project and Turgeon Copper Project in New Brunswick and the Little Stull Lake Gold Project in Manitoba. Puma is focusing its exploration efforts in New Brunswick, Canada, which has been ranked as one of the top five places in the world to conduct mining exploration by the 2013 Fraser Institute Survey.
Learn more by clicking here: www.pumaexploration.com
The contents of this press release were prepared by Marcel Robillard. a Qualified Person as defined in NI 43-101. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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 a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma Exploration Inc. 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 Exploration 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.
Marcel Robillard. President
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