Puma Exploration Inc.

Puma Exploration Inc.

October 30, 2007 09:08 ET

Puma Exploration Inc.: 596 g/t Ag, 4.3% Zn, 3.3% Pb, and 1.6 g/t Au Over 7.6 Metres on Surface at Nicholas-Denys

RIMOUSKI, QUEBEC--(Marketwire - Oct. 30, 2007) - Recent work by Puma Exploration (TSX VENTURE:PUM) on the Nicholas-Denys property, in New Brunswick, includes systematic channel sampling of surface mineralization on the Hache Lens (16 channels totalling 325 line metres). The Company has just received the results from the first four (4) channels.

All the channels intersected the mineralized zone on surface, over lengths ranging from 7.6 to 15.0 metres, with high silver and gold grades that range from 143 to 596 g/t Ag and from 0.8 to1.6 g/t Au. Notably, Channel R07-17, located in the centre of the Hache Lens, gave 596 g/t Ag, 4.3% Zn, 3.3% Pb, and 1.6 g/t Au over a length of 7.6 metres.

Mineralized sections from channel sampling on the Hache Lens

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

R07-15 0.0 9.2 9.2 179 0.7 0.7 0.82
including 2.5 8.8 6.3 210 0.9 0.9 1.04
including 2.5 5.5 3.0 282 1.0 1.2 1.46

R07-17 0.7 8.3 7.6 596 4.3 3.3 1.58
including 1.6 7.7 6.1 738 5.3 4.1 1.90
including 4.2 7.7 3.5 1263 8.8 7.0 2.94

R07-18 15.7 23.4 7.7 143 0.3 0.6 0.84
including 16.7 21.0 4.3 217 0.2 1.1 1.19
including 16.7 18.8 2.1 372 0.2 1.9 2.02

R07-20 13.4 28.3 15.0 192 1.2 1.2 1.11
including 13.9 21.7 7.9 332 2.0 2.1 1.82
including 13.9 19.3 5.5 455 2.6 2.9 1.57

"We are very pleased with the first results from the channel sampling on the Hache Lens. These results provide an accurate picture of the lengths and grades of the mineralized zones on surface. The lengths of the mineralized zones obtained exceed our preliminary estimates. It should be noted that in the event of surface mining, this mineralization will comprise the first shipments to be sent to the mill," observes Andre Proulx, the Company's President. The results from the other twelve (12) 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 (TSX VENTURE:PUM) 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.

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