Puma Exploration Inc.

Puma Exploration Inc.

December 13, 2006 10:00 ET

Puma Exploration Inc.: Gold Structure at 310 Metre Depth on Nicholas-Denys Property

RIMOUSKI, QUEBEC--(CCNMatthews - Dec. 13, 2006) - Puma Exploration (TSX VENTURE:PUM) has intersected a new gold structure containing 11.5 g/t Au at a depth of 311 metres(i) in hole F06-16 that was drilled into the centre of the Shaft lens. Additionally, the hole intersected, at a depth of 434 metres, a 4.4 metre thick mineralized zone averaging 6.0% Zn, 3.3% Pb and 108 g/t Ag (Press Release dated 05/12/2006). The massive sulphide horizons encountered in the last three drill holes demonstrate a significant gold enrichment similar to other drill intersects in the Shaft lens as indicated in the Table below.

Mineralized zone intersected in drill holes

Hole Azimuth Inclination From To Width Gold Silver Zinc Lead
(m) (m) (m) (g/t) (g/t) (%) (%)

F06-14 N340 48 5.8 6.0 0.2 4.10
degrees degrees

F06-15 N160 55 142.2 152.0 9.8 0.25 81 4.3 2.9
degrees degrees

F06-16 N340 55 310.6 312.4 1.8 3.60 99 1.9 1.4
degrees degrees

311.3 311.9 0.6 11.50 174 2.8 3.9
433.1 437.5 4.4 0.24 108 6.0 3.3

"Recent drill results have confirmed the presence of a new gold structure together with a massive sulphide zone enriched in zinc. The presence of one of these structures at a depth of more than 310 metres suggests a vertical continuity that may positively impact the economic analysis of this project" states Marcel Robillard, the Nicholas-Denys project geologist.

Puma is currently conducting a definition drill program on the Shaft and HachT lenses. The objective of the drill program is to increase the measured volume of the Pb-Zn-Ag mineralized lenses in the context of Puma's minimum exploration target size of 5 million tonnes averaging 90 g/t Ag and 6% Pb+Zn (Press release dated 03/10/2006).

(i) The indicated intersections represent the thicknesses encountered in drill core. The real thicknesses of the mineralized zones shall be determined when there are sufficient drill holes to outline the geometry of the mineralized body.

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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