Puget Ventures Inc.
TSX VENTURE : PVS

Puget Ventures Inc.

June 11, 2008 09:22 ET

Puget Ventures Inc. Announces Commencement of Trout Bay Summer Drill Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 11, 2008) - Puget Ventures Inc. (TSX VENTURE:PVS) announced today that it has entered into a contract for an initial 2000 metres of drilling on the Trout Bay Property in Red Lake, Ontario with Layne Christensen of Sudbury, Ontario. The pre-drill program will commence immediately, with drilling expected to begin during the week of June 16th, 2008.

The Trout Bay summer program has the following initial targets:

- Three to four holes, ranging in depth from 75-150 metres targeting the High Grade Lake zone, aimed at upgrading the historic resources and testing the zone to depth.

- One to two holes, approximately 200 metres in depth, targeting the Zinc Pit area.

- Three to four holes targeting various high priority Nickel-PGE targets ranging from 200-325 metres in depth, revealed by last year's Aeroquest magnetic survey work and various data compilation work undertaken this spring by Puget.

"We expect to commence drilling during the week of June 16th, 2008 and will immediately target the High Grade Lake and Zinc Pit areas," said Erin Airton, President. "It is necessary to prove up these historic resources to current standards and work to expand the resource. In addition, we are expecting to move quickly on targeting work on some of the excellent Ni-PGE showings on the property."

The High Grade Lake Zone hosts a historic estimate of 124,760 tons grading 7.86% zinc, 1.50% copper, 0.24% lead, 48 g/t silver and 0.24 g/t gold. The Zinc Pit hosts a historic estimate of 13,766 tons grading 0.68% Cu, 4.75% Zn and 32.23 g/t Ag. (These historical resource estimates have not been verified by a Qualified Person to conform to NI 43-101 standards and are included here for general information purposes only and should not be relied upon).(i)

The No. 2 Nickel Zone has been traced along strike for 550 metres and the host contact for 2,100 metres. Drilling to date has traced the mineralization to a vertical depth of 140 metres with the best grades approximately 0.50% Ni and 0.25% Cu, over 400 feet long with a maximum thickness of 30 feet. (These historical results have not been verified by a Qualified Person to conform to NI 43-101 standards and are included here for general information purposes only and should not be relied upon).(i)

Additional Summer Program and New Personnel

In addition to the drilling campaign, Puget will use the summer months to produce further ground work on other targets revealed by the aeromagnetic survey and by the full review of historic property data, which the company completed this spring.

In order to move aggressively into the exploration phase, Puget has brought onto its team two experienced members: Elizabeth Vida and Peter Irwin.

Elizabeth Vida is a seasoned geologist who will run the summer program. She was most recently with St. Andrew's Goldfields and has worked extensively on exploration campaigns throughout Canada and internationally for companies including Carlisle Goldfields and Dundee Precious Metals . Peter Irwin, an experienced exploration Geo-Technologist has over 22 years of continuous 3D modeling and targeting service in the mining and exploration industry for companies including Goldcorp, SRK, US Goldcorp, Tribute Minerals and Adex.

(i)The information provided in this release is sourced from: Shklanka, Roman (editor), 1969: Copper, Nickel, Lead and Zinc Deposits of Ontario, Ontario Department of Mines, Mineral Resources Circular 12, 394p. Reprinted 1989

About Puget Ventures Inc.

Puget Ventures Inc. is focussed on the acquisition and exploration of base metals properties in Ontario, Canada. Puget has recently completed the option of Trout Bay, a property owned by Red Lake Mines/Goldcorp Inc. in the Red Lake camp in North Western Ontario, with exploration commencing in June of 2008.

Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in our forward looking statements. Although we believe that the expectations in our forward looking statements are reasonable, actual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

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