Puget Ventures Inc.
TSX VENTURE : PVS

Puget Ventures Inc.

June 29, 2011 17:24 ET

Puget Ventures Inc. Confirms Shareholder Meeting Date

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 29, 2011) - PUGET VENTURES INC. (TSX VENTURE:PVS) announced today that the Company's Annual General and Special Meeting (the "Meeting") is scheduled to be held on Thursday, July 21st, 2011 at 700-401 West Georgia Street, Vancouver, British Columbia, at 10 a.m. (Vancouver time) and the record date for shareholders entitled to vote at the meeting is June 2nd, 2011.

Meeting materials and the Information Circular regarding the Pafra Acquisition will be mailed to shareholders in advance of the meeting.

Shareholders are reminded that the meeting materials will also be made available electronically on SEDAR under the Company's profile.

Werner Lake and Norpax Update

Puget has tenured AGP Mining and Consultants (formerly PG&E) (Press Release dated December 10th, 2009) who are in the process of completing a National Instrument 43-101 compliant Resource Report on the Werner Lake Belt property. The Resource Report includes a summary of the past geophysical and geological work, history and exploration of the Werner Lake asset conducted by past expeditions as well as work accomplished by Puget Ventures. In order to preserve capital due to the lengthy undertaking of the Puget Ventures/IMHL deal the Company has not requested the consultants to finalize the report.

The Norpax nickel-copper asset is undergoing reinterpretation and the Company plans to complete additional work including prospecting and drilling on the asset to further test structural models and observations. Also of interest is the high-grade extension of the Werner Lake Cobalt Deposit, announced in a press release dated June 7th, 2010.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Puget Ventures Inc. (www.pugetventures.com)

Puget Ventures Inc. is a Vancouver, Canada-based mineral-resource exploration company focused on the acquisition, exploration and development of strategic base metals properties, with a focus on cobalt. Puget Ventures' package of properties encompasses historic deposits and past Cobalt and Nickel-Copper-PGE producers, including the historically proven Werner Lake Mineral Belt located in North-western Ontario, Canada. On December 6, 2010, Puget announced a definitive agreement to acquire the Karakul and other mineral projects in Russia and Mongolia subject to Exchange and shareholder approval.

Cautionary Statement on Forward-Looking Information: The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.

This news release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The shares offered will not be and have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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