PUMA EXPLORATION TSX.V: PUM 212 Ave. Cathedrale, Rimouski Québec Canada G5L 5J2 Toll Free: 800-321-8564 Phone: 418-724-0901 Fax: 418-722-0310 E-Mail: info@explorationpuma.com Web Site: www.explorationpuma.com Shares Outstanding: 69,850,956 52 Week Trading Range: TSX.V: Hi: C$0.375 • Low: C$0.11

A high-grade, potentially massive silver-gold deposit in the middle of an established, infrastructure-rich mining camp is about to put Puma Exploration (TSX.V: PUM) -- www.explorationpuma.com-- on investors’ maps as an emerging major silver-gold play.
Since 2006 Puma spent about C$7 million exploring its flagship Nicholas-Denys Silver Project in the famed Bathurst Mining Camp in northern New Brunswick. Then in 2011 as trenching and stripping operations confirmed earlier high-grade drill results and discovered new mineralized lenses, Puma’s President and CEO came to a potentially spectacular conclusion: the company’s previously identified very high grade, 10 kilometer long mineralized corridor is at least double that size and may actually be the equivalent of three times as big... an incredible 30 kilometers long (3 times 10km).
“Our geological model illustrates that Puma has discovered massive intersecting fault structures similar to a multi-strand necklace of extremely high grade pearls of silver and gold,” says Puma President and CEO Marcel Robillard. “Nicholas-Denys has huge potential as a major silver-gold deposit.”
Consider that Puma had already established an NI 43-101 compliant indicated resource of about 1 million ounces of silver based on just 36 shallow drill holes. Since then 95 more holes have been drilled. Also consider that a significant number of these drill holes assay well above 100 gpt silver and 1 gpt gold – and some range up to a spectacular 1,096 gpt silver and 5.56 gpt gold on the Haché lens. And then there is the intriguing fact that only 20% of the Nicholas-Denys property has been explored.
As a result, 2012 will be a key year for Puma as the company embarks on extensive drilling and trenching exploration programs it hopes will prove the previous exploration results are just the beginning of a very bright future for this exploration company.

Puma Controls Multiple Advanced-Stage Properties

Puma Exploration is actually three companies in one as it advances multiple precious and base metals properties encompassing 35,062 hectares in New Brunswick and Manitoba:
• Nicholas-Denys Silver Property – High-grade silver, gold, lead, zinc project encompassing 16 distinct mineralized zones discovered to date; 100% interest.
• Little Stull Lake Property – Gold project in Manitoba with a historical, non-compliant resource estimate of 250,000 ounces of gold; 71.6% interest.
• Turgeon Copper Property – 4,184 hectare copper-zinc project in New Brunswick where recent exploration confirmed the presence of substantial copper mineralization; 100% interest.
“Each project is a stand-alone project on its own,” says Robillard. “

Nicholas-Denys Potentially A Huge Silver Play

Puma Exploration’s discovery of new silver-gold structures and lenses along the Rocky-Brook-Millstream Fault and the northern second Main Fault not only triples the effective length of that corridor, but represents a key step toward the company’s definition of an economic resource.
Puma Exploration’s 7,738 hectare Nicholas-Denys Project is ideally situated for an eventual open pit mining operation, benefiting from Bathurst’s excellent mining infrastructure, as well as a power line on the property and accessibility by road year-round.
TheRocky-Brook-Millstream Fault is the primary control for mineralization found in the main Haché, Shaft, Henry, PineTree, Great Northern and Dante (discovered in summer 2011) lenses. According to Robillard’s geologic model, an east-west continuous massive sulfide horizon varies in thickness between one and 30 meters over a 10 kilometer strike length and is cross-cut by epithermal-rich silver and gold transverse faults, creating the mineralized string of pearls. So far, Robillard has identified three distinct and similar structures hosting 16 separate mineralized zones.
Most of the best drill results were obtained on the Haché lens. In addition to the more than 1,000 gpt silver found in one drill hole, Puma intersected mineralization near or exceeding 500 gpt silver in a significant number of holes.
In addition, Puma has discovered a more than 300 meter extension of high grade gold-silver veins on the Cullinan structure trending toward the south of the property. The new lens discovered in the summer of 2011 is related with a second major structure located 500 meters north of the main structure. A third structure lies 500 meters south of the Rocky-Brook-Millstream fault.
Puma’s exploration efforts to date have concentrated on silver, gold, lead and zinc mineralization. Only about one-fifth of the mineralized 10 kilometer corridor has been explored. The property also hosts copper, lead, zinc and molybdenum mineralization.
“We are continuing to define the relationships between the mineralized areas,” says Robillard. “We have already identified a potentially open pittable resource on the Haché lens where high grade mineralization continues at depth.”

Little Stull Lake Project Near Large Gold Deposits

Puma Exploration’s Little Stull Lake Project contains five mineralized zones near a major 60 kilometer long fault and encompasses more than 35 kilometers of a greenstone belt. The project is only 15 kilometers north of and in a similar geological setting as Mega Precious Metals’ Monument Bay deposit which contains 2.78 million ounces of gold grading at 3.29 gpt gold.
Exploration conducted by Westmin Resources through the early 1990s outlined five gold-bearing lenses over a five kilometer strike length with some intersection grading at more than 30 gpt gold. Puma has completed 10 drill holes in the property’s 11W Zone intersecting gold values ranging from 1 to 46 gpt gold and high grade layers one meter long grading as much as 46.0 gpt gold. Mega Precious Metals is planning a 50,000 meter drilling program this year on adjacent property.

High Grade Copper and Zinc
Found at Turgeon Copper Project

Puma Exploration’s third major property, the Turgeon Copper Project, lies only 20 kilometers north of Nicholas-Denys in the Bathurst Mining Camp. So far, the company has identified four mineralized lenses with high copper-zinc values over a 450 meter length. The mineralization is comprised of copper-rich stockwork zones, massive sulphide zones with high copper-zinc values and zinc-rich brecciated fault zones. The great majority of the project – 94% – has yet to be explored.
Puma acquired the project in 2007. Prior owner Esso Minerals carried out a drilling program in 1983 to compile a non-compliant historical resource of 1.5 to 2.0 million tonnes grading at 1.5% copper and 4% zinc. Assays from Esso’s drill holes ranged to 7.92% copper over 7.5 meters, with some high grade mineralized zones coming in at 29.2, 34.2 and 38.2 meters in width. The highest grade copper zones also contain significant silver mineralization grading up to 137 gpt silver as well as high levels of zinc grading up to 14.45%.
Puma completed a major drilling campaign in 2011 near the Powerline lens to characterize, outline and confirm the continuity of the copper mineralization. Puma’s assays mirrored and in some cases exceeded Esso’s results with copper grades ranging to 10.1% copper over 7.5 meters, 3.5% copper over 15 meters, 2.4% copper over 26 meters and 1% copper over 97 meters. Five deep EM targets still to be drilled.
Turgeon is a mere five kilometers south of the deepwater port of Belledune. As with the Nicholas-Denys property, Turgeon is accessible year-round and is crossed by a power line.
“Mineralization at Turgeon starts at surface so is amenable to open pit mining,” says Robillard. “This is a truly blue sky project with tremendous potential.”

Investment Considerations

Puma Exploration has both precious and base metals advanced projects in Canada: Nicholas-Denys Silver, Turgeon Copper and the Little Stull Lake Gold project. Puma joins other new players in New Brunswick such as Trevali Mining Corporation, which has begun initial production at Halfmile Mine, and Votorantim Metals Canada, which is developing the Murray Brook Deposit. Similarly, Puma’s Little Stull Lake Project is located in a Manitoba neighborhood that hosts rich and proven gold deposits.
Puma Exploration is led by a team of seasoned mining professionals. Robillard, who became President and CEO in 2010, previously was project geologist and project manager since 1998.
Puma has strong participation from institutional investors, a clear signal the company’s property portfolio has significant upside potential. Nicholas-Denys, where most of the company’s exploration efforts have concentrated to date, clearly hosts a significant silver-gold mineralized system that is open both on strike and at depth. The company’s other exploration properties show evidence of significant development potential, as well.
“A bigger picture is now emerging for the Nicholas-Denys Project,” says Robillard. “What we originally thought to be smaller individual deposits now appear to be connected links within multiple very large mineralized corridors, each about 10 kilometers long. We anticipate an exciting year of progress in 2012 in proving up what we believe is a world class silver deposit.”