Puma Exploration Drills 454 g/t Ag, 2.3 g/t Au, 3.0% Pb and 3.7% Zn Over 4.4 Meters at Henry East Lens, Nicholas-Denys Property, New Brunswick

Puma conducted stripping, channel sampling and a drilling program on the Henry East lens. Work included mechanical stripping of two areas of 125 meters by 10 meters and proved that the mineralization displays a good continuity and an important lateral extension at surface. The stripped areas were systematically sampled along regularly 5 meters spaced channels (45) and 11 holes were drilled and confirmed the high silver and gold grade at depth.

The best channel result is 10.9 g/t Au and 246 g/t Ag over 4.4 metres in channel RH12-41. Several other channels also yielded high grade gold and silver results with 5.5 g/t Au and 352 g/t Ag over 3.1 metres (RH12-40), 5.0 g/t Au and 303 g/t Ag over 3.1 metres (RH12-35), 4.7 g/t Au and 271 g/t Ag over 4.6 metres (RH12-33), 4.5 g/t Au and 515 g/t Ag over 3.4 metres (RH12-28) and 1.5 g/t Au and 187 g/t Ag over 4.2 metres (RH12-16).

The Henry East Lens outcrops on surface as a semi-massive to massive sulphide zone varying in thickness from 0.5 meters to 5 meters. The mineralization zone is interpreted to be the surface expression of the EM-1 geophysical anomaly detected during the 2011 winter survey (see press release 19/05/2011). The EM-1 geophysical anomaly shows a long trend extending more than 1.2 km, from Henry Lens to TR11-24, open-ended to the west and located along the Rocky-Brook-Millstream fault.

The Rocky-Brook-Millstream fault controls the mineralisation for the Haché, Shaft and Pinetree lenses. All these mineralised lenses carry significant gold and silver enrichment. More than 100 holes were drilled at Haché lens since 2006 and defined a continuous mineralization zone over a strike length of 700 meters and to a depth of 350 meters so far.

Puma has completed a two phase drilling program at Nicholas-Denys property. The first phase of approximately 1,250 meters focused on the Henry East lens, located along the western end of the Rocky-Brook-Millstream fault. The second phase, of an additional 1,250 meters, tested the skarn horizon and the Nicholas-Denys porphyry.

Nicholas-Denys 2012 Exploration Program

Puma Exploration has conducted extensive exploration program at Nicholas-Denys in 2012. So far, 22 holes for 3,970 meters of drilling. 25 trenches for 3,100 meters of trenching and stripping of about 9.600 m2were directed on the two main structures which are the Rocky-Brook-Millstream and Main Fault Zones. Currently more stripping are in progress along the Henry East lens to increase the size of the four (4) gold and silver richer zones defined by the actual sampling program.

The 2012 exploration results indicated that the Nicholas-Denys property contains a significant silver-gold mineralization system that is open for extension. The area explored to date represents only 20% of the total length of the favourable corridor which extends over more than 10 km. The discovery of new silver-gold structures and lenses along the Rocky-Brook-Millstream Fault and the northern second main fault represent a key step toward the definition of an economic deposit.