Puma Exploration Inc.
TSX VENTURE : PUM

Puma Exploration Inc.

December 03, 2009 10:43 ET

Puma Resumes Drilling at Nicholas-Denys

RIMOUSKI, QUEBEC--(Marketwire - Dec. 3, 2009) - Exploration Puma (TSX VENTURE:PUM) is pleased to announce the resumption of drilling on the Pine Tree lens, located on the Rocky Brook Millstream fault at its Nicholas-Denys project in New Brunswick. This structure hosts six deposits: the Pine Tree, Half Mile, Shaft, Hache, Henry, and Great Northern.

Puma's strategy is to confirm the near-surface (0-100 metres) silver resources in the four lenses located on either side of the Shaft and Hache deposits, starting with the Pine Tree lens. Puma controls 100 % of the rights over 7 kilometres of the belt of favourable rocks that carries this mineralization.

Historic resources of 105,560 tonnes with 79.9 g/t Ag, 2.82% Pb, and 3.40% Zn were estimated at the Pine Tree deposit in 1969. That resource calculation does not comply with Canadian Standard 43-101. At the time, ten boreholes had intersected the mineralized zone. One of the best intersections included one metre of sulphide grading 6.36% Pb, 2.49% Zn, 209.10 g/t Ag, and 0.34 g/t Au. Puma's 2005 drilling also intersected zones of massive sulphides, including the following results:



Puma: Best results from 2005

------------------------------------------------------------------------
Drill Direction Angle From To Length Zn Pb Ag Au
hole (m) (m) (m) % % (g/t) (g/t)
------------------------------------------------------------------------
F05-01 N 170 45 11.3 15.9 4.6 1.7 2.2 61.2 0.3
------------------------------------------------------------------------
F05-06 N 170 45 46.0 48.5 2.5 3.4 3.3 125.8 0.7
------------------------------------------------------------------------
F05-07 N 170 45 11.4 15.5 4.1 4.2 3.5 98.6 1.9
------------------------------------------------------------------------
F05-08 N 170 45 35.5 43.5 8.0 3.8 3.8 98.6 0.4
------------------------------------------------------------------------
F05-16 N 170 75 141.7 147.6 5.9 2.5 2.7 57.8 0.4
------------------------------------------------------------------------
F05-17 N 170 75 159.9 165.5 5.6 4.1 2.0 40.8 0.4
------------------------------------------------------------------------


The current drill campaign at Pine Tree is designed to test the lateral extensions of the mineralization, and to follow it to a depth of 100 metres. Previous prospecting and drilling results, together with Puma's 2005 work, indicate that the mineralization at the Pine Tree deposit consists of three parallel lenses of massive polymetallic sulphides. They have been traced over a strike length of 200 metres, and have so far been followed to a vertical depth of 150 metres.

Puma's New Brunswick project program

Puma has scheduled a drill campaign on the Nicholas-Denys property to provide more detailed information on the high-grade silver zones found at surface on its other highly-prospective deposits: Henry, Half Mile, and Great Northern. Puma will then calculate the resources for all these lenses, including Shaft and Hache.

At Turgeon, Puma expects to undertake preliminary mill testing on the mineralization encountered in the recent drilling, to assess the metallurgical compatibility of the deposit's mineralization. In addition, possible future drilling will attempt to define the copper-rich zones. This information will enable Puma to conduct a resource calculation for its first surface lens.

The contents of this press release were prepared by Alain Hupe, Ing., a Qualified Person as defined in NI 43-101. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts any responsibility for the adequacy or accuracy of this release.

This press release may contain certain forward-looking statements that include elements of risk and uncertainty. Consequently, actual results may differ substantially from those anticipated in such statements. These risks and uncertainties are described in the quarterly and annual reports, and in the documents submitted to the securities administration.

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