Strong Partnership with Kinross Gold ◆ Five-year, 65% option agreement worth C$16.75M for Williams Brook Project. ◆ Kinross commits to an initial C$2M exploration program in 2025. ◆ Kinross holds 9.9% of Puma's stock (+C$1M investment) with rights to increase up to 19.9%, providing potential future financial backing. Puma Retains Project Control ◆ Puma maintains operational control with management fees capped at C$1M over the option period.