Puma Exploration Announces Non-Brokered Private Placements

RIMOUSKI, QUEBEC--(Marketwire - June 5, 2012) - Puma Exploration (TSX VENTURE:PUM) announces a non-brokered private placement to issue up to 3,000,000 flow-through units ("The offering") at a price of $0.30 per unit, for gross proceeds of up to $900,000. Each flow-through unit will consist of one flow-through common share and one half of one share purchase warrant. Each full purchase warrant will entitle the holder to acquire one non-flow through common share of the Company at a price of $0.40 for a period of two years from the date of issuance.

The Offering is subject to the acceptance of the TSX Venture Exchange. In connection with that Private Placement, the Company will pay cash finder's fees in an amount of up-to 8% of the gross proceeds raised and will issue finder's warrants, having the same terms as the Units, in an amount equal to 8% of the Units sold in the Private Placement. All securities issued to purchasers and finders under the Offering will be subject to a four-month hold period from the date of issuance of the securities, pursuant to applicable securities legislation and the policies of the TSX Venture Exchange.

Puma Exploration also announces the closing of a private placement of $250,000 with a strategic institutional fund. With this placement, Puma issued 1,000,000 common shares at the price of $0.25 per share, and 1,000,000 warrants. Each warrant gives its holder the right to purchase one common share at the price of $0.35 per share until June 04, 2014. No intermediation costs, commissions, or broker warrants were incurred as part of this placement. These securities will be subject to a holding period of four months. This placement has received the conditional approval of the TSX Venture Exchange.

The proceeds of the private placements will be used for the exploration and development of Puma's properties in New Brunswick and Manitoba, and for general working capital.

First phase of drilling is completed at Nicholas-Deny. The program has been increased from 1,000 to 1,375 meters and results are pending.

Effective May 30, 2012, the Transfer Agent and Registrar for Puma Exploration is Equity Financial Trust Company.

About Puma Exploration

Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company's major assets are the Nicholas-Denys Silver Project and Turgeon Copper Project in New Brunswick and the Little Stull Lake Gold Project in Manitoba. Puma is actually focusing its exploration efforts in New Brunswick, Canada, which has been ranked the best place in the world to conduct mining exploration by the 2012 Fraser Institute Survey. New players such as Trevali Mining Corporation which has initiated production at the Halfmile Mine and Votorantim and which is developing the Murray Brook Deposit are now very active in the area.

Learn more by clicking here: www.pumaexploration.com

The contents of this press release were prepared by Marcel Robillard, Geo, a Qualified Person as defined in NI 43-101.

Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Puma Exploration Inc. to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. Except as required by law, Puma Exploration undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.