Puma grants options to buy 2.22 million shares

2012-10-23 15:14 ET - News Release

Mr. Marcel Robillard reports

PUMA EXPLORATION: ALLOCATION OF STOCK OPTIONS

In accordance with its compensation policy and stock option plan, on Oct. 23, 2012, the board of directors of Puma Exploration Inc. granted 2,225,000 stock options with an exercise price of 22 cents, expiring on Oct. 23, 2017, distributed as follows:

Directors: 1.15 million options

Employees and service providers: 1,075,000 options

At the same date, Puma Exploration filed a modification to its stock option plan with the TSX Venture Exchange. This change will increase the maximum number of stock options that may be issued under this plan from 6.3 million to 8.4 million.

We seek Safe Harbor