Puget Ventures Inc.

Puget Ventures Inc.

June 26, 2009 17:00 ET

Puget Ventures Inc. Announces Closing of Final Tranche of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 26, 2009) - PUGET VENTURES INC. (TSX VENTURE:PVS) ("Puget" or the "Company") is pleased to announce the closing of the final tranche of its private placement (the "Private Placement") announced in its news releases dated April 2nd, 2009 and April 24, 2009. Pursuant to the Private Placement, the Company issued 50,000 flow-through units (the "Flow Through Units") at a price of $0.40 per Unit for gross proceeds of $20,000.

Each Flow Through Unit is comprised of one flow-through common share of the Company and one-half of a common share purchase warrant (a "FT Warrant"). Each FT Warrant will entitle the holder to purchase one additional non-flow-through common share of the Company for a period of eighteen months from the date of issuance at a price of $0.60 per share.

Finder's fees (the "Finder's Fee") consisting of 4,500 broker warrants (the "Broker Warrants") and $1,800 in cash were paid in accordance with the policies of the TSX Venture Exchange. Each Broker Warrant will entitle the holder to purchase one Share of the Company for a period of eighteen months from the date of issuance at a price of $0.50 per Share.

All securities issued pursuant to the private placement are subject to a hold period expiring on September 20, 2009.

About Puget Ventures Inc.

Puget Ventures Inc. is a Toronto Venture Exchange listed mineral exploration company with a focus on copper, zinc, nickel, PGE, and cobalt. Puget is currently exploring the Trout Bay property in Red Lake, Ontario, comprising a 4000 hectare claim block. In addition, Puget has recently acquired positions in the Werner Lake Mineral Belt in Northwestern Ontario.


Erin Chutter, Director, President and Secretary

Forward Looking Statement:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. The Company undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

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.

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