Puma Exploration Inc.

Puma Exploration Inc.

November 07, 2007 09:08 ET

Puma Exploration : 1.5 kg/t Ag, 3.5% Zn, 9.8% Pb, and 3.6 g/t Au over 3.5 Metres on Surface at Nicholas-Denys

RIMOUSKI, QUEBEC--(Marketwire - Nov. 7, 2007) - Puma Exploration (TSX VENTURE:PUM) has just received results from four (4) additional surface channels obtained from stripping work on the Hache lens of the Nicholas-Denys property in New Brunswick.

Once again the channels intersected the mineralized zone on surface, over lengths ranging from 3.5 to 16.8 metres, with high silver and gold grades that range from 204 to 1501 g/t Ag and from 0.7 to 3.6 g/t Au. Notably, Channel R07-13, gave 1.5 kg/t Ag, 3.5% Zn, 9.8% Pb, and 3.6 g/t Au over his entire length of 3.5 metres. More sampling will be done at both ends of the channel to verify the possible extention of the mineralization.

Mineralized sections from channel sampling on the Hache Lens

Channel From To Length Ag Zn Pb Au
(m) (m) (m) (g/t) (%) (%) (g/t)

R07-13 0.0 3.5 3.5 1501 3.5 9.8 3.60

R07-16 18.4 34.4 16.0 213 1.3 1.0 0.68
including 18.4 22.6 2.2 1134 6.2 3.7 2.70
including 29.4 33.0 3.6 222 1.2 1.6 0.82

R07-19 6.3 23.1 16.8 204 1.7 1.0 0.86
including 6.3 8.4 2.1 415 2.0 1.8 1.38
including 20.1 24.1 4.0 256 2.6 1.0 1.25

R07-20 4.1 15.7 11.6 226 0.7 1.0 1.20
including 4.1 12.8 8.7 301 1.0 1.3 1.45
including 4.8 8.3 3.5 594 1.7 2.7 2.38

These results and the previous reported will be use in the resources calculation in progress. The results from the other heigth (8) channels are expected shortly.

About Nicholas-Denys

The Nicholas-Denys property is located at the north end of the Bathurst mining camp, in the vicinity of the Caribou, Restigouche and Brunswick 12 mining facilities, as well as the lead-silver-gold smelter and the Belledune deep water port. The property encompasses five (5) major mineralized zones spread along a 5.4 -km fault zone.

The current works on the Hache lens aim to lead to a short-term surface exploitation of a small open pit. The Company has completed the first phase of definition drillings as well as the complete stripping of the main mineralized zone. This activity allowed to prospect the surface of Hache lens over a span of about 150 by 50 meters and to a depth of 100 meters. Metallurgical testing is also underway of the minerals extracted from the Hache lens. Results obtained will be used to calculate resources as per the 43-101 standards.

The results from the preliminary drillings announced by the Company confirm silver enrichment on the Hache lens. The main results obtained from different holes are as follows: 461 g/t Ag over 6.0 meters, 331 g/t Ag over 3.05 meters, 244 g/t Ag over 4.6 meters, 262 g/t Ag over 4.2 meters.

About Puma

Exploration Puma is a public mineral-exploration corporation (PUM-TSXV) engaged in the discovery, exploration, and development of mining projects in Canada. Puma's efforts are focused on its two major advanced projects: the polymetallic project (Ag-Pb-Zn-Au) on the Nicholas-Denys property in New Brunswick and the auriferous (Au) project in Little Stull Lake in Manitoba.

The samples were analyzed in the ALS Chemex laboratory at Val d'Or, using the atomic absorption and ICP methods. The contents of this press release were prepared by geologist Marcel Robillard, a qualified person as defined in NI 43-101. The TSX Venture Stock Exchange disclaims any responsibility for the veracity and accuracy of this release.

Contact Information