Rimouski, November 10, 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 continuous surface silver and gold

mineralizations over a strike length of 500 meters with grades up to 2,450 g/t Ag, 29.5 g/t Au, >20%

Pb and 12.5% Zn in the Henry area.

The mineralization appears as semi-massive to massive sulphide lenses varying in thickness from 0.5

meters to 5 meters, generally oriented N070° within the regional foliation. The continuity on the

mineralization has been proven by nine (9) different trenches spaced 25 to75 meters apart and spread

over a strike length of 500 meters for a total length dug of 1,136 meters (refer to Figure 1). In each

trench, representative samples have been collected from the sulphide zones and select analytical

results are summarized in Table 1.

T11-18 343508 27.3 943 15.0 3.4

T11-18 343509 29.5 429 7.4 0.3

T11-18 343510 21.1 613 8.9 0.3

T11-18 343515 19.3 776 12.9 4.7

T11-20 343511 0.6 21 0.3 0.1

T11-28 351814 3.4 1,100 4.3 0.2

T11-28 351815 1.9 801 2.3 0.2

T11-28 351816 10.4 2,450 10.1 0.4

T11-28 351822 6.2 299 3.1 0.3

T11-29 351863 9.8 494 8.4 6.4

T11-29 351864 18.7 646 11.0 10.6

T11-29 351865 11.1 542 9.5 12.0

T11-29 351866 19.9 777 13.4 12.6

T11-29 351867 2.8 791 16.7 4.0

T11-29 349491 4.0 926 14.8 3.4

T11-29 349492 7.3 1,980 20.0 0.2

T11-29 349493 7.1 777 11.5 4.7

T11-29 349494 9.9 644 10.0 6.8

T11-29 349495 8.4 620 10.6 8.4

PUM TSXV