Puma Exploration: More Gold Found Along the Main Fault Zone-Land Holding Increased at Nicholas-Denys, New Brunswick

RIMOUSKI, QUEBEC--(Marketwire - Oct. 31, 2012) - Puma Exploration (TSX VENTURE:PUM) announces the results of the preliminary trenching, stripping and sampling program at the newly discovered Bradley Gold Showing. A total of 43 representative grab samples and 8 channels were collected over a strike length of 65 meters. The new gold showing is located 600 meters west of the newly gold-rich gabbro intersected in hole FR12-08 at Raya lens and grading 1.0 g/t Au over 21.2 meters including a richer gold zone of 5.8 g/t Au over 3.3 meters.

Following the discovery of gold bearing gabbro and quartz veins in the western end of the main structure, Puma acquired 43 new claims by way of map staking and 7 claims from a local prospector for an additional 1,087 hectares adjacent to the Nicholas-Denys project.

Bradley Gold

The Bradley gold showing consists of a continuous quartz veins with a thickness varying between 0.9 to 4.3 meters with semi-massive pyrite and arsenopyrite mineralization. The hanging wall is highly chloritized and serpentinized and is associated with peridotite rock. The Main Fault is located only 25 meters north to the worked area.

Table 1: Representative Grab samples with over 1 g/t Au collected at Bradley Gold Showing

Sample	Au (g/t)	Sample	Au (g/t)	Sample	Au (g/t)
349302	4.5	349311	10.3	349328	2.1
349303	1.2	349312	3.0	349329	6.1
349304	6.5	349313	9.9	349330	18.4
349306	4.3	349315	1.1	349333	14.1
349309	3.4	349321	5.6	349335	1.2
349310	2.1	349322	1.3	349337	2.0

Overall the gold grades of the 43 samples average 2.4 g/t Au and range from 0.03 g/t Au to 18.4 g/t Au with 42% of the samples grading over 1 g/t Au. To date, 65 meters has been stripped with mineralization open in all directions.

Table 2: Channels collected at Bradley Gold Showing

Channel	From (m)	To (m)	Length (m)	Au (g/t)
LBG1	1.2	2.1	0.9	0.2
LBG2	8.8	10.3	1.5	2.3
LBG3	4.9	5.8	0.9	1.0
LBG4	0.6	1.5	0.9	1.8
LBG5	0.0	3.1	3.1	1.0
LBG6	6.0	8.3	2.3	1.0
LBG7	0.0	3.3	3.3	1.7
LBG8	7.3	9.1	3.5	1.1

Since the receipt of these preliminary results, Puma has conducted more wood cutting work in order to increase the stripping area to about 200 meters long by 50 meters wide. The stripping operation and channel sampling program will begin shortly.

New Acquisitions adjacent to Nicholas-Denys Property

Puma acquired 43 new claims by way of map staking and 7 claims from a local prospector for an additional 1,087 hectares of new land adjacent to Nicholas-Denys property. To acquire 100% interest of the mining rights over the 7 claims held by the prospector (knowed as the Rocky Brook Property), Puma will issue 50,000 shares at a deemed price of $0.22. No work commitment has to be done and no royalty will be retained by the vendor. The acquisition is subject to the approval of the TSX Venture Exchange.

The Rocky Brook property has been partially explored by Acadia Minerals in 1988. Eight (8) short holes were drilled with gold intersection up to 3.8 g/t Au over 0.25 meters within a breccia at the contact between a gabbro and a limestone. Many arsenic soil geochemical anomalies with coincident IP anomalies were located on the property and still to be tested.

Nicholas-Denys 2012 Exploration Program

Puma Exploration has conducted extensive exploration program at Nicholas-Denys in 2012. To date, 29 holes for 2,700 meters of drilling, 25 trenches for a total of 3,100 meters of trenching and stripping of about 9,600 m² were directed on the two main structures. Currently more stripping and trenching are in progress along the Main Fault Zone. A detail channel sampling program and a drilling program are underway at the Henry East rich silver and gold lens. More results will be released shortly on these programs.

About Puma Exploration

Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The Company's major assets are the Nicholas-Denys Silver Project and Turgeon Copper Project in New Brunswick and the Little Stull Lake Gold Project in Manitoba. Puma is focusing its exploration efforts in New Brunswick. Canada. which has been ranked the best place in the world to conduct mining exploration by the 2012 Fraser Institute Survey.

Learn more by clicking here: www.pumaexploration.com

The contents of this press release were prepared by Dominique Gagné. a Qualified Person as defined in NI 43-101. The samples were analyzed at the ALS Chemex laboratory in Val d'Or using the atomic absorption and ICP methods. There is not enough drilling data presently available to determine the shape and true width of the mineralized zone. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks uncertainties and other factors which may cause the actual results performance or achievements of Puma Exploration Inc. to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statements were made except as required by law Puma Exploration undertakes no obligation to publicly update or revise any forward-looking statements. These risks and uncertainties are described in the quarterly and annual reports and in the documents submitted to the securities administration.