Puma Exploration Inc.

Puma Exploration Inc.

April 03, 2007 10:30 ET

Puma Exploration Continues to Intersect Strong Mineralization at Nicholas Denys: Fourth Hole on the Hache Lens, With 41.6 Metres of Mineralization

RIMOUSKI, QUEBEC--(CCNMatthews - April 03, 2007) - Puma Exploration (TSX VENTURE:PUM) is pleased to announce that a fourth hole drilled has intersected a core of mineralization at the Hache lens on the Nicholas-Denys property. Assay results include grades of 262 g/t Ag, 1.22 g/t Au, 2.1% Zn, and 2.4% Pb over a thickness of 4.2 metres. This intersection is included within a mineralized envelope more than 41 metres thick, containing 47 g/t Ag and 0.26 g/t Au.

Hole F07-04 was sited 75 metres west of hole F07-03, which also encountered persistent mineralization over more than 41 metres, with 66 g/t Ag and 0.4 g/t Au, including a 3.1-metre intersection rich in precious metals with 330 g/t Ag and 1.6 g/t Au (press release of March 14, 2007).

In addition, hole F07-04 intersected two small satellite lenses at depths of 96.1 metres and 110.3 metres, respectively containing 166 g/t Ag and 0.69 g/t Au, and 104 g/t Ag and 0.45 g/t Au. These mineralized zones may represent the extremities of other lenses that could have a major impact on the economic valuation of the project.

Mineralized intersections in hole F07-04

Hole Azimuth Dip From To Length Ag Au Zn Pb
m m m g/t g/t % %

F07-04 N160 45 degrees 34.0 75.6 41.6 47 0.26 1.0 0.5

including 34.0 51.8 17.8 95 0.45 1.5 1.0
including 47.6 51.8 4.2 262 1.22 2.1 2.4
including 48.6 51.8 3.2 328 1.56 2.7 2.9
including 50.6 51.8 1.2 543 3.22 2.6 5.1

F07-04 93.0 97.3 4.3 88 0.31 1.6 0.8
including 96.1 97.3 1.2 166 0.69 3.2 1.5

F07-04 110.3 111.5 1.2 104 0.45 2.8 1.4

"The scale of the observed mineralization, with 40-metre intersections close to the surface combined with the presence of high-grade intervals, increases the potential for different mining methods, especially when you consider that an average thickness of 3-5 metres is technically sufficient for an underground mine" notes Andre Proulx, the Company's President.

Given the continued positive results received to date, Puma Exploration currently has engaged two drill rigs to further explore the Shaft and Hache lenses area of the property. The current program is aimed at defining the lateral and depth extensions of the mineralization, and confirming its continuity between the Shaft and Hache lenses, which are connected by an underground tunnel at the -150 metre level.

About Puma

Puma Exploration is a publicly-listed (PUM-TSXV) resource company engaged in the business of exploring, discovering and developing mineral wealth in North America. Puma is currently focused on the Nicholas Denys property in New Brunswick, Canada, which has returned encouraging results to date. The Nicholas-Denys property is located on the northern edge of the Bathurst mining camp, close to the infrastructure of the Caribou, Restigouche, and Brunswick No. 12 Mines, as well as a lead-silver-gold smelter and the deepwater port of Belledune. The property contains more than 50 mineralized showings, the most significant of which were the subject of detailed exploration as well as underground mine development from the 1950s to the 1970s. Puma Exploration currently has two dill rigs that are conducting in fill drilling to confirm the mineralization that has been intersected at the Nicholas Denys Property to date. All assays have been performed by ALS Chemex in Val D'or, Quebec and further assays results will be released as they come available.

Andre Proulx, President of Puma Exploration states: "We are very pleased with the results that we have obtained to date and our objective going forward is to conduct in fill drilling and attempt to reach our target to define a deposit of 5 million tons of ore at an average grade of 90 g/t Ag and 6% Pb+Zn".

Forward Looking Statement

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.

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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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