<p>魁北克省里穆斯基 --（Newsfile Corp. -2025 年 12 月 24 日）- Puma Exploration Inc.（OTCQB: PUMXF）（&#34;Puma&#34;或&#34;公司&#34;）报告称已完成与金罗斯黄金公司（&#34;Kinross&#34;）的私募配售，如昨日所宣布（见 2025 年 12 月 23 日新闻稿）。</p>
<p>金罗斯根据 2024 年 10 月 23 日签署的投资者权利协议（&#34;IRA&#34;）行使了其权利，将其在 Puma 股本中的持股比例从 9.1% 提高至 14.8%（未稀释基础）和 17.4%（部分稀释基础）。金罗斯以每单位 0.16 美元的价格认购了 12,500,000 个 Puma 单位（&#34;单位&#34;），募集资金为 2,000,000 美元（&#34;发行&#34;）。</p>
<p>每个单位由一（1）个普通股和半个（½）普通股认购权证（每个完整的权证称为&#34;权证&#34;）组成。每个权证可在 2027 年 12 月 24 日之前以每股 0.25 美元的价格购买一（1）个公司的普通股。权证受加速条款的约束，允许公司向持有人发出通知，权证将在加速通知发出后 30 天到期。公司仅在其普通股在 TSX 风险交易所的收盘价连续 30 个交易日等于或高于 0.40 美元时，才能发出加速通知。加速通知可在法定持有期结束后和权证到期日之前的任何时间发出。与发行相关的所有证券将受到适用证券法规定的四个月零一天的持有期限制。</p>
<p>与发行相关未支付任何介绍费。募集的资金将支持 Puma 项目（未选项给金罗斯）的勘探活动以及一般企业和营运资金需求。</p>
<p>金罗斯目前持有 29,550,577 股 Puma 普通股和 6,250,000 个权证。根据 IRA，金罗斯保留在未来股权融资中参与的权利，以维持其持股比例，或在发行额外证券后将其持股比例提高至公司已发行和流通普通股的 19.9%。</p>
<p><strong>提前警告</strong></p>
<p>金罗斯在投资相关的提前警告报告已在 Puma 的 SEDAR+ 档案中发布，网址为 www.sedarplus.ca。或者，您可以联系 Luke Crosby，资深副总裁、总法律顾问和公司秘书，电话 647-788-4478 以获取报告副本。金罗斯根据安大略省法律组织，其总部位于安大略省多伦多市约克街 25 号 17 层，邮政编码 M5J 2V5。Puma 的总部位于魁北克省里穆斯基市勒加雷街 175 号，邮政编码 G5L 3B9。</p>
<p>金罗斯购买这些单位是出于投资目的。金罗斯可能会不时通过市场交易、私募配售、国库发行或其他方式增加或减少其在 Puma 的投资，包括根据金罗斯与 Puma 之间的 IRA 条款。</p>
<p><strong>关于 Puma 在新不伦瑞克省的资产</strong></p>
<p>Puma 积累了一份令人印象深刻的潜在黄金土地组合，战略性地位于新不伦瑞克省北部的道路和基础设施附近，包括威廉斯布鲁克项目和麦肯齐黄金项目。两者均位于洛基布鲁克米尔斯特林断层（&#34;RBMF&#34;）附近，该断层是阿巴拉契亚造山运动期间形成的主要区域结构，并且是该地区黄金沉积的重要控制因素。Puma 迄今为止的工作集中在威廉斯布鲁克物业，但对其其他物业的勘探和表面勘查工作已确认其具有显著的黄金矿化潜力。威廉斯布鲁克项目于 2024 年 10 月选项给金罗斯黄金。</p>
<p><strong>关于 Puma Exploration</strong></p>
<p>Puma Exploration 是一家加拿大矿产勘探公司，专注于识别和开发位于新不伦瑞克省的贵金属项目，靠近加拿大著名的巴瑟斯矿业营地。Puma 在新不伦瑞克省北部有着悠久的历史，已在区域项目上工作超过 15 年。</p>
<p>Puma 成功的勘探方法结合了传统的勘探方法与详细的沟槽和尖端技术，如人工智能，这对理解该地区的地质和相关矿化系统至关重要。凭借地球物理勘测、地球化学数据和顾问的专业知识，Puma 开发了一种成本效益高的勘探工具，以在浅层发现黄金并最大化钻探结果。</p>
<p>在 Facebook / X / LinkedIn 上与我们联系。</p>
<p>访问 www.explorationpuma.com 获取更多信息或联系：</p>
<p><strong>Marcel Robillard</strong>，总裁兼首席执行官。</p>
<p>(418) 750-8510；president@explorationpuma.com</p>
<p><strong>Mia Boiridy</strong>，投资者关系负责人兼董事。</p>
<p>(250) 575-3305；mboiridy@explorationpuma.com</p>
<p>无论是 TSX 风险交易所还是其监管服务提供商（该术语在 TSX 风险交易所的政策中有定义）均不对本公告的充分性或准确性承担责任。</p>
<p>前瞻性声明：本新闻稿可能包含前瞻性声明。这些前瞻性声明涉及若干已知和未知的风险、不确定性及其他因素，可能导致 Puma 的实际结果、表现或成就与这些前瞻性声明所表达或暗示的实际未来结果和成就存在重大差异。读者被提醒不要对这些前瞻性声明过度依赖，这些声明仅在声明发布之日有效，法律要求的情况除外。Puma 没有义务公开更新或修订任何前瞻性声明。季度和年度报告及提交给证券管理部门的文件描述了这些风险和不确定性。</p>
<p>要查看本新闻稿的源版本，请访问 https://www.newsfilecorp.com/release/279034</p>

<p>Puma Exploration Inc. 已与 Kinross Gold Corporation 完成了 200 万美元的私人配售，Kinross 在 Puma 的持股比例从 9.1% 增加至 14.8%（未稀释）和 17.4%（部分稀释）。Kinross 以每单位 0.16 美元认购了 1250 万个单位，每个单位包括一股普通股和半个认股权证。这笔资金将支持 Puma 的勘探活动和公司需求。根据投资者权利协议，Kinross 保留将其持股比例提高至 19.9% 的权利</p>

<p>Rimouski, Quebec--(Newsfile Corp. - December 24, 2025) - Puma Exploration Inc.  (OTCQB: PUMXF) (&#34;Puma&#34; or the &#34;Company&#34;) reports that it has closed its private placement with Kinross Gold Corporation (&#34;Kinross&#34;) as announced yesterday (see December 23, 2025 News Release).</p>
<div class="lb-trans"><p>魁北克省里穆斯基 --（Newsfile Corp. -2025 年 12 月 24 日）- Puma Exploration Inc.（OTCQB: PUMXF）（&#34;Puma&#34;或&#34;公司&#34;）报告称已完成与金罗斯黄金公司（&#34;Kinross&#34;）的私募配售，如昨日所宣布（见 2025 年 12 月 23 日新闻稿）。</p>
</div><p>Kinross exercised its right, granted under the investor rights agreement (&#34;IRA&#34;) dated October 23, 2024, to increase its ownership stake in Puma's share capital from 9.1% to 14.8% (on an undiluted basis) and 17.4% (on a partially diluted basis). Kinross subscribed to 12,500,000 units of Puma (the &#34;Units&#34;) at a price of $0.16 per Unit for proceeds of $2,000,000 (the &#34;Offering&#34;).</p>
<div class="lb-trans"><p>金罗斯根据 2024 年 10 月 23 日签署的投资者权利协议（&#34;IRA&#34;）行使了其权利，将其在 Puma 股本中的持股比例从 9.1% 提高至 14.8%（未稀释基础）和 17.4%（部分稀释基础）。金罗斯以每单位 0.16 美元的价格认购了 12,500,000 个 Puma 单位（&#34;单位&#34;），募集资金为 2,000,000 美元（&#34;发行&#34;）。</p>
</div><p>Each Unit is comprised of one (1) common share and one-half (½) common share purchase warrant (each whole warrant, a &#34;Warrant&#34;). Each Warrant is exercisable to purchase one (1) common share of the Company at $0.25 per share until December 24, 2027. The Warrants are subject to an acceleration clause that allows the Company to provide notice to holders that the Warrants will expire 30 days after the date the acceleration notice is delivered. The Company may provide the acceleration notice only if the closing price of the Company's common shares on the TSX Venture Exchange is equal to or greater than $0.40 for 30 consecutive trading days. The acceleration notice may be provided at any time after the statutory hold period and before the expiry date of the Warrants. All securities issued in connection with the Offering will be subject to a hold period of four months and one day under applicable securities laws.</p>
<div class="lb-trans"><p>每个单位由一（1）个普通股和半个（½）普通股认购权证（每个完整的权证称为&#34;权证&#34;）组成。每个权证可在 2027 年 12 月 24 日之前以每股 0.25 美元的价格购买一（1）个公司的普通股。权证受加速条款的约束，允许公司向持有人发出通知，权证将在加速通知发出后 30 天到期。公司仅在其普通股在 TSX 风险交易所的收盘价连续 30 个交易日等于或高于 0.40 美元时，才能发出加速通知。加速通知可在法定持有期结束后和权证到期日之前的任何时间发出。与发行相关的所有证券将受到适用证券法规定的四个月零一天的持有期限制。</p>
</div><p>No finder's fees were paid in connection with the Offering. The funds raised will support exploration activities on Puma's projects (not optioned to Kinross) and general corporate and working capital requirements.</p>
<div class="lb-trans"><p>与发行相关未支付任何介绍费。募集的资金将支持 Puma 项目（未选项给金罗斯）的勘探活动以及一般企业和营运资金需求。</p>
</div><p>Kinross now holds 29,550,577 common shares and 6,250,000 Warrants of Puma. Under the IRA, Kinross retains the right to participate in future equity financings to maintain its ownership percentage, or to increase its holding up to 19.9% of the Company's total issued and outstanding common shares following the issuance of additional securities.</p>
<div class="lb-trans"><p>金罗斯目前持有 29,550,577 股 Puma 普通股和 6,250,000 个权证。根据 IRA，金罗斯保留在未来股权融资中参与的权利，以维持其持股比例，或在发行额外证券后将其持股比例提高至公司已发行和流通普通股的 19.9%。</p>
</div><p><strong>Early Warning</strong></p>
<div class="lb-trans"><p><strong>提前警告</strong></p>
</div><p>An early warning report filed by Kinross in connection with the investment is available on Puma's SEDAR+ profile at www.sedarplus.ca. Alternatively, you may contact Luke Crosby, Senior Vice President, General Counsel and Corporate Secretary at 647-788-4478 to obtain a copy of the report. Kinross is organized under the laws of the Province of Ontario, and its head office is located at 25 York Street, 17th Floor, Toronto, Ontario M5J 2V5. Puma's head office is located at 175 Legaré Street, Rimouski, Quebec, G5L 3B9.</p>
<div class="lb-trans"><p>金罗斯在投资相关的提前警告报告已在 Puma 的 SEDAR+ 档案中发布，网址为 www.sedarplus.ca。或者，您可以联系 Luke Crosby，资深副总裁、总法律顾问和公司秘书，电话 647-788-4478 以获取报告副本。金罗斯根据安大略省法律组织，其总部位于安大略省多伦多市约克街 25 号 17 层，邮政编码 M5J 2V5。Puma 的总部位于魁北克省里穆斯基市勒加雷街 175 号，邮政编码 G5L 3B9。</p>
</div><p>Kinross acquired the units for investment purposes. Kinross may, from time to time, increase or decrease its investment in Puma through market transactions, private placements, treasury issuances or otherwise, including pursuant to the terms of the IRA between Kinross and Puma.</p>
<div class="lb-trans"><p>金罗斯购买这些单位是出于投资目的。金罗斯可能会不时通过市场交易、私募配售、国库发行或其他方式增加或减少其在 Puma 的投资，包括根据金罗斯与 Puma 之间的 IRA 条款。</p>
</div><p><strong>About Puma's Assets in New Brunswick</strong></p>
<div class="lb-trans"><p><strong>关于 Puma 在新不伦瑞克省的资产</strong></p>
</div><p>Puma has accumulated an impressive portfolio of prospective gold landholdings strategically located close to roads and infrastructure in Northern New Brunswick, including the Williams Brook Project and the McKenzie Gold Project. Both are located near the Rocky Brook Millstream Fault (&#34;RBMF&#34;), a major regional structure formed during the Appalachian Orogeny and a significant control for gold deposition in the region. Puma's work to date has focused on the Williams Brook property, but prospecting and surface exploration work on its other properties have confirmed their potential for significant gold mineralization. The Williams Brook Project was optioned to Kinross Gold in October 2024.</p>
<div class="lb-trans"><p>Puma 积累了一份令人印象深刻的潜在黄金土地组合，战略性地位于新不伦瑞克省北部的道路和基础设施附近，包括威廉斯布鲁克项目和麦肯齐黄金项目。两者均位于洛基布鲁克米尔斯特林断层（&#34;RBMF&#34;）附近，该断层是阿巴拉契亚造山运动期间形成的主要区域结构，并且是该地区黄金沉积的重要控制因素。Puma 迄今为止的工作集中在威廉斯布鲁克物业，但对其其他物业的勘探和表面勘查工作已确认其具有显著的黄金矿化潜力。威廉斯布鲁克项目于 2024 年 10 月选项给金罗斯黄金。</p>
</div><p><strong>About Puma Exploration</strong></p>
<div class="lb-trans"><p><strong>关于 Puma Exploration</strong></p>
</div><p>Puma Exploration is a Canadian mineral exploration company focused on identifying and developing a pipeline of precious metals projects in New Brunswick, near Canada's Renowned Bathurst Mining Camp. Puma has a long history in Northern New Brunswick, having worked on regional projects for over 15 years.</p>
<div class="lb-trans"><p>Puma Exploration 是一家加拿大矿产勘探公司，专注于识别和开发位于新不伦瑞克省的贵金属项目，靠近加拿大著名的巴瑟斯矿业营地。Puma 在新不伦瑞克省北部有着悠久的历史，已在区域项目上工作超过 15 年。</p>
</div><p>Puma's successful exploration methodology, which combines traditional prospecting methods with detailed trenching and cutting-edge technologies such as Artificial Intelligence, has been instrumental in understanding the region's geology and associated mineralized systems. Armed with geophysical surveys, geochemical data, and consultants' expertise, Puma has developed a cost-effective exploration tool to discover gold at shallow depths and maximize drilling results.</p>
<div class="lb-trans"><p>Puma 成功的勘探方法结合了传统的勘探方法与详细的沟槽和尖端技术，如人工智能，这对理解该地区的地质和相关矿化系统至关重要。凭借地球物理勘测、地球化学数据和顾问的专业知识，Puma 开发了一种成本效益高的勘探工具，以在浅层发现黄金并最大化钻探结果。</p>
</div><p>Connect with us on Facebook / X/ LinkedIn.</p>
<div class="lb-trans"><p>在 Facebook / X / LinkedIn 上与我们联系。</p>
</div><p>Visit www.explorationpuma.com for more information or contact:</p>
<div class="lb-trans"><p>访问 www.explorationpuma.com 获取更多信息或联系：</p>
</div><p><strong>Marcel Robillard</strong>, President and CEO.</p>
<div class="lb-trans"><p><strong>Marcel Robillard</strong>，总裁兼首席执行官。</p>
</div><p>(418) 750-8510; president@explorationpuma.com</p>
<div class="lb-trans"><p>(418) 750-8510；president@explorationpuma.com</p>
</div><p><strong>Mia Boiridy</strong>, Head of Investor Relations and Director.</p>
<div class="lb-trans"><p><strong>Mia Boiridy</strong>，投资者关系负责人兼董事。</p>
</div><p>(250) 575-3305; mboiridy@explorationpuma.com</p>
<div class="lb-trans"><p>(250) 575-3305；mboiridy@explorationpuma.com</p>
</div><p>Neither the 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.</p>
<div class="lb-trans"><p>无论是 TSX 风险交易所还是其监管服务提供商（该术语在 TSX 风险交易所的政策中有定义）均不对本公告的充分性或准确性承担责任。</p>
</div><p>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 that 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. The quarterly and annual reports and the documents submitted to the securities administration describe these risks and uncertainties.</p>
<div class="lb-trans"><p>前瞻性声明：本新闻稿可能包含前瞻性声明。这些前瞻性声明涉及若干已知和未知的风险、不确定性及其他因素，可能导致 Puma 的实际结果、表现或成就与这些前瞻性声明所表达或暗示的实际未来结果和成就存在重大差异。读者被提醒不要对这些前瞻性声明过度依赖，这些声明仅在声明发布之日有效，法律要求的情况除外。Puma 没有义务公开更新或修订任何前瞻性声明。季度和年度报告及提交给证券管理部门的文件描述了这些风险和不确定性。</p>
</div><p>To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279034</p>
<div class="lb-trans"><p>要查看本新闻稿的源版本，请访问 https://www.newsfilecorp.com/release/279034</p>
</div>

Puma Exploration 完成了 Kinross 200 万美元的私募配售交易