Puma Exploration Inc.

Puma Exploration Inc.

June 12, 2008 11:34 ET

Puma Exploration: Mineralization Between Shaft and Hache Lenses Continuous at Depth

RIMOUSKI, QUEBEC--(Marketwire - June 12, 2008) - Puma Exploration (TSX VENTURE:PUM) has just completed a major step in the definition of additional resources at Nicholas-Denys, in New Brunswick, with the discovery of a new mineralized lens between Shaft and Hache. Seven deep holes have now intersected a new mineralized zone between the Shaft and Hache lenses at a vertical depth of 250 metres, with grades of 2.1% Zn, 2.0% Pb, and 55 g/t Ag over 13.2 metres, including a high-grade zone with 92 g/t Ag, 4.0% Zn, and 3.2% Pb over 4.2 metres.

The seven holes allow the mineralization to be traced over a distance of 150 metres, thereby confirming the continuity of the mineralized zone over a distance of more then 650 metres. In the new lens, the deepest hole intersected the target at a vertical depth of 400 metres. The mineralization remains open at depth.

Results have been received from four of the seven holes: they demonstrate the scale of the discovery, with significant grades over ten-metre lengths of core. The results from the three remaining holes will be released as soon as they are received.

Mineralized intersections in the drillholes

Drillhole Azimuth Angle From To Length Ag Zn Pb
(m) (m) (m) g/t % %
F08-16 N 160 degrees -55 474.2 478.5 4.3 42 1.7 1.4
incl. 474.2 476.8 2.6 57 2.3 1.9
F08-21 N 160 degrees -45 365.3 377.4 12.1 38 2.4 1.7
incl. 365.3 370.0 4.7 67 3.3 3.4
F08-24 N 160 degrees -45 358.8 372.0 13.2 55 2.1 2.0
incl. 358.8 363.0 4.2 92 4.0 3.2
F08-50 N 340 degrees -70 254.4 263.4 9.0 49 1.9 1.6
incl. 257.0 263.4 6.4 60 2.2 1.9

Current Program

Since the beginning of 2008, 78 holes have been drilled in the vicinity of the Hache and Shaft lenses, for a total advance of 18,592 metres. The drill program has been temporarily suspended because of the new discoveries, and to allow for the proper compilation and interpretation of the results from the 10,115 samples that have been collected. Work will resume in the near future.

Regarding Puma

Exploration Puma is concentrating its New Brunswick exploration activities on its Nicholas-Denys property, located near Bathurst. The Company believes it is in a position to define enough ore to start a mining operation, with a target resource of three to five million tonnes.

A new resource calculation will therefore be performed for the Hache and Shaft lenses as soon as the last 3,000 results from the 10,115 samples collected from the 78 holes become available. Out of an initial exploration budget of $3.5 million, $2.5 million have been expended on the drilling campaign.

The samples were analyzed at the ALS Chemex laboratory in Val d'Or using the atomic absorption and ICP methods. 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.

Contact Information