Puma Exploration Inc.

Puma Exploration Inc.

July 10, 2007 10:00 ET

Puma Exploration: First Metallurgical Test for Nicholas-Denys

RIMOUSKI, QUEBEC--(Marketwire - July 10, 2007) - Puma Exploration (TSX VENTURE:PUM) is currently engaged in preliminary metallurgical testing on ore from the Hache lens on the Nicholas-Denys property. The metallurgical tests are aimed at predicting the percentage recoveries of economically-interesting metals in the ore, in order to estimate the potential revenues from a mining operation.

The Nicholas-Denys metallurgical test is being conducted on mineralization intersected during the recent definition drilling of the Hache lens. A 30-kg sample was collected from four holes covering the entire lens. A total of 25 metres of mineralized core were crushed and mixed together to produce a single homogeneous sample representative of the ore in the Hache lens. Initial analysis of the 30-kg composite sample indicates 460 g/t Ag, 2.2 g/t Au, 6.0% Zn, and 3.7% Pb. The sample is being processed at the SGS Lakefield Research Laboratory in Ontario.

"Metallurgical testing is one of the major stages in a decision to put a mineralized deposit into production. It provides a means of estimating the potential earnings from mining the ore, and thereby enables preliminary assessment of a project's economic viability," notes Andre Proulx, the Company's President.

News about Hache:

Puma has now completed Phase 1 of its program of definition drilling on the Hache lens. Twenty holes have been drilled on this lens since the start of exploration on the Nicholas-Denys project. These holes will enable definition of the Hache lens on surface over an area of about 150 metres by 50 metres and down to a depth of 150 metres. The results of the first nine holes have already been released by the Company: they confirm rich silver values in the four principal holes on the Hache lens. The results are as follows: 461 g/t Ag over 6.0 metres, 331 g/t Ag over 3.05 metres, 244 g/t Ag over 4.6 metres, and 262 g/t Ag over 4.2 metres.

The results from the 11 other definition holes drilled on the Hache lens will be released as soon as they are received.

The samples were analyzed in the SGS Lakefield Research Laboratory in Ontario, using the ICP method. The contents of this press release were prepared by geologist Marcel Robillard, a qualified person as defined in NI 43-101.

The TSX Venture Stock Exchange disclaims any responsibility for the veracity and accuracy of this release.

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