Puma Exploration Inc.
TSX VENTURE : PUM

Puma Exploration Inc.

May 02, 2007 11:00 ET

Puma Exploration Inc.: Update on Drill Results from Nicholas-Denys

RIMOUSKI, QUEBEC--(CCNMatthews - May 2, 2007) - Puma Exploration (TSX VENTURE:PUM) is pleased to announce results from four additional holes drilled on the Hache and Shaft lens of the Nicholas-Denys property in New Brunswick. All four holes met their targets and intersected rich mineralization of precious and base metals.

Hache Lens

Two of the holes cut the Hache mineralized lens, with respective grades of 108 and 96 g/t Ag and of 0.53 and 0.46 g/t Au. As such, the Hache lens is continuous over a lateral distance of 150 meters, and remains open in all directions. The core of this lens was cut previously to a vertical depth of 126 meters, with 125 g/t Ag, 0.61 g/t Au, 3.7% Zn and 1.9% Pb over 3.9 meters.

Mineralized intersections in the Hache lens



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

F06-17 N160 45 81.2 86.5 5.3 108 0.53 1.1 1.1

including 81.2 84.0 2.8 137 0.62 1.4 1.3
including 81.2 83.0 1.8 214 0.76 1.6 1.6

F07-05 N160 45 17.9 21.5 3.6 68 0.36 1.8 0.5
including 17.9 20.3 2.4 96 0.46 2.1 0.8


Shaft Lens

During the same drilling program, two holes were located on the Shaft lens. These drillings confirm the presence of zinc enrichment in this lens, in addition to regular precious metal mineralization as encountered by the 2.2-meter intersection of the F07-06 hole with 217 g/t Ag, 2.35 g/t Au, 3.1% Zn and 4.4% Pb, as well as the 3.6-meter intersection of the F07-07 hole with 109 g/t Ag, 3.0% Zn and 3.1% Pb. Hole F07-06 intersected three distinct mineralized zones over a stretch of 35 meters of thickness, starting at a depth of 65 meters.

Mineralized intersections in the Shaft Lens



Hole Azimuth Zone From To Length Ag Au Zn Pb
(degrees) m m m g/t g/t % %

F07-06 N160 /45 A 64.9 71.4 6.5 101 0.86 0.4 0.4
B 71.0 88.1 17.1 70 0.67 1.0 0.9
including 71.0 76.0 5.0 111 0.68 1.3 0.6
including 81.0 83.2 2.2 217 2.35 3.1 4.4
C 98.5 101.8 3.3 34 0.97 1.2 0.7
including 99.7 101.8 2.1 43 1.37 1.6 1.0
F07-07 N160 /55 138.4 144.7 6.3 67 0.07 1.9 1.9
including 138.4 142.0 3.6 109 0.12 3.0 3.1


Andre Proulx, President of Exploration Puma remarks, "We are very pleased with the results obtained so far, and we have good reason to believe that we will reach and perhaps even surpass our short-term goal of developing a deposit of a minimum of 5 million tons of ore at 90 g/t Ag and 6% Pb+Zn".

About Puma

Puma Exploration is a publicly-listed (TSX VENTURE:PUM) 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. 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 a drill rig that is conducting in fill drilling to confirm the mineralization that has been intersected at the Nicholas Denys Property to date.

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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