PUMA ACQUIRES LARGE GOLD PROPERTY YIELDING UP TO 50.8 G/T AU - Seite 2

TERMS OF THE TRANSACTION

Puma may acquire a 100% undivided ownership interest in the Property according to the following terms:

Issuing a cumulative amount of 500,000 shares of Puma and $100,000 cash payments to the Owner, according to the following schedule:

• 200,000 shares subsequent to signing of the Agreement
• 75,000 shares and $10,000 cash on or before the 1st anniversary date of the agreement
• 75,000 shares and $20,000 cash on or before the 2nd anniversary date of the agreement
• 75,000 shares and $30,000 cash on or before the 3rd anniversary date of the agreement
• 75,000 shares and $40,000 cash on or before the 4th anniversary date of the agreement

Additional performance payments:

1. Pay the Owner $25,000 cash payment upon a Positive Preliminary Economic Assessment (PEA to be defined in the definitive agreement);
2. Pay the Owner $50,000 cash payment upon a Positive Feasibility Study (FS to be defined in the definitive agreement);
3. Pay the Owner a one-time cash payment of $100,000 upon a Commercial Production (Commercial Production to be defined in the definitive agreement).

The Owner will retain a 2% net smelter return (“NSR”) royalty on any saleable production from the Property. Fifty percent of the NSR royalty (i.e. 1%) may be purchased by Puma for $1,000,000. Puma retains a right of first refusal on the remaining 1% NSR royalty that is held by the Owner. The transaction is subject to the TSX Venture Exchange approval.

QUALIFIED PERSONS

Marcel Robillard, PGeo, qualified person as defined by Canadian National Instrument 43-101 standards, has reviewed and approved the geological information reported in this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Mr. Robillard is the President and CEO of the Company.

ABOUT PUMA EXPLORATION

Puma Exploration is a Canadian-based mineral exploration company with precious and base metals projects in early to advanced stages located in the Famous Bathurst Mining Camp (BMC) in New Brunswick, Canada. Great efforts will be made by the Company in the coming years to deploy its DEAR strategy (Development, Exploration, Acquisition and Royalties) in order to generate maximum value for shareholders with low shares dilution.