Puma Exploration Inc.

Puma Exploration Inc.

January 23, 2007 10:00 ET

Puma Exploration Inc.: Addition of a Second Drill on the Nicholas-Denys Property

RIMOUSKI, QUEBEC--(CCNMatthews - Jan. 23, 2007) - Puma Exploration (TSX VENTURE:PUM)

Drilling program has begun again on the Nicholas-Denys property to define the Shaft and Hache lenses. Following positive results from the first drillings, a second drill has been mobilized temporarily on the property to accelerate the progress of the work.

In 2006, 12 drillings totaling a more than 2,000 metres helped to define a mineralization rich in zinc, lead and silver vertically continuous and persisting down to 350 metres with assays of 6.0% Zn, 3.3% Pb and 108 g/t Ag over 4.4 metres (press release 05/12/2006).

The first drill is pursuing its program of defining the Shaft and Hache lenses. Since the start of 2007, it has been operating on the Hache lens. This lens presents the best assays of silver in preliminary drillings with 8.8 oz/t Ag and 1.1 g/t Au over an apparent thickness of 12.7 metres (04/05/2006). The results of the present campaign of drilling will be published as soon as they are in. The second drill is being used to check new targets in the sector.

Assays were performed by ALS Chemex in Val d'Or, using atomic absorption and ICP. The contents of this press release were prepared by Marcel Robillard, Geologist and NI-43-101 Qualified Person.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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