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Puma Exploration discovers three additional NW-SE high grade structures with up to 2,090 g/t Ag

Rimouski, November 30, 2011 – Puma Exploration (PUM-TSX-V) is pleased to release additional results

from its major trenching program undertaken on the Nicholas-Denys Silver Project in New Brunswick.

Highlights from current work are the discovery of three (3) additional major silver and gold-rich

structures with grades up to 2,090 g/t Ag, 23.3 g/t Au, 47.9% Pb and 11.0% Zn in the Henry area.

These major structures appear as three distinct corridors of up to 100 meters wide, spread over 800

meters, and composed of numerous parallel veins of rusty sulphides and breccia zones varying in

thickness from 10 to 50 cm each. They are oriented approximately NW-SE to WNW-ESE and show, so

far, a minimum strike length of 750 meters each. These structures are interpreted to play an important role

in the silver and gold enrichment of the main massive sulphide lenses located along the regional foliation

as discovered at Henry East (see press release 10/11/2011), Haché, Shaft and Pinetree lenses.............................................................................. at a different release time , we hear of :

In summary, the trenching program was designed to test the intersection of NW-SE gold-silver rich

structures with the general E-W sulphide horizons which constitute the discovery model at Nicholas-

Denys. The mineralization discovered at surface in trench T11-28 is located at only 90 meters east of

the Cullinan South new discovery (see press release 20/09/2011) consisting of high grade gold and

silver structures, with 21.1 g/t Au and 106 g/t Ag, 18.0 g/t Au and 82 g/t Ag and 15.9 g/t Au and 72

g/t Ag. This confirms the efficiency of the discovery model being utilized at Nicholas-Denys .................................................................. ps" Traps7 .