Mr. Marcel Robillard reports

PUMA EXPLORATION ADDS THE CHESTER VMS DEPOSIT TO ITS BATHURST MINING CAMP PORTFOLIO OF PROPERTIES

Puma Exploration Inc. has signed an option agreement to acquire 100 per cent of the Chester VMS (volcanogenic massive sulphide) deposit located within the Bathurst mining camp (BMC) of New Brunswick. The Chester property comprises 164 claims covering a total of 3,600 hectares strategically located approximately 25 kilometres southwest of three major VMS deposits: Halfmile Lake, Stratmat and Heath Steele. These deposits are held by Puma's strategic partner, Trevali Mining Corp.

Chester property highlights

Significant exploration potential

The Chester property is an advanced stage exploration project with known resources and has significant exploration potential. Strong exploration targets remain uninvestigated and include copper-lead-zinc soil anomalies, gravity and magnetic geophysical anomalies. The attached table indicates some significant drill results of Cu, Zn and Pb in the first 50 metres from surface.

 SIGNIFICANT PREVIOUS DRILL RESULTS AT CHESTER PROPERTY
 
Feeder zone (surface to 50 m)   Massive sulphide zone (surface to 50 m)

4.8% Cu over 20.3 metres            10.8% Zn + 4.5% Pb over 5.6 metres    
3.4% Cu over 25.0 metres             7.4% Zn + 2.3% Pb over 6.1 metres     
6.0% Cu over 13.1 metres             8.0% Zn + 3.9% Pb over 7.0 metres     
8.0% Cu over 5.2 metres              8.5% Zn + 4.0% Pb over 7.9 metres     
4.9% Cu over 14.2 metres            7.0% Zn + 2.6% Pb over 15.6 metres    

Excellent historical resources

The West zone (copper stringer) of the property contains a historical compliant measured and indicated resource of 1.4 million tonnes grading 1.38 per cent Cu* reported in 2008 and updated in 2014. Inferred resources of 2,089,000 tonnes grading 1.26 per cent Cu were also reported in the National Instrument 43-101.*

The deposit is located at surface.

Previous mining development

A portal and ramp (600 m) development was driven into the copper feeder (stringer) zones on two stopes from which 30,000-tonne bulk samples grading 2.0 per cent Cu were mined by the Sullivan Group in the early 1970s.

Robust metallurgical test

The metallurgical test work conducted to date indicates that concentrate grades in the range of 27 to 28 per cent Cu could be produced at copper recoveries of 97 to 98 per cent by standard flotation circuits. To date no metallurgy has been conducted for Zn and Pb components.

Favourable location

The property is located only 20 kilometres south of Halfmile Lake, Stratmat and Heath Steele properties, all past producers held by Trevali Mining Corp. and close to important mining infrastructures in the BMC.

"The Chester property acquisition solidifies Puma's reputation as one of the most active base metal junior explorers in the BMC where it has operated since 2006 and has secured numerous highly prospective projects, including a major strategic partnership with Trevali Mining Corp. on the Murray Brook project. With this acquisition, Puma continues to build a strong portfolio of projects in the BMC," explains Marcel Robillard, president and chief executive officer of Puma Exploration.

Puma's BMC portfolio of over 17,430 hectares is summarized in the attached and does not include the areas held by Trevali as part of the strategic alliance agreement.

          RESOURCE PORTFOLIO OF PUMA EXPLORATION IN NORTHERN NEW BRUNSWICK
 
Deposits           Tonnes  Zn (%) Pb (%) Cu (%) Au (g/t) Ag (g/t)                      Resources               Ownership

Murray Brook
Total          17,170,000   2.42   0.88   0.46     0.55     38.0  NI 43-101 (M+I): July 19, 2013*      TV option for 25%
Zinc zone       5,280,000   5.24   1.80   0.46     0.65     68.9  NI 43-101 (M+I): Feb. 20, 2017       TV option for 25%
Oxide           1,280,000   2.57   0.84   0.93     0.38     38.4  NI 43-101 (M+I): July 19, 2013*      TV option for 25%
Chester
West zone       1,400,000      -      -   1.38        -      3.5  NI 43-101 (M+I): March 7, 2014* Option to acquire 100%
West zone       2,089,000      -      -   1.26        -        -  NI 43-101 (inf): March 7, 2014* Option to acquire 100%
Turgeon
Zinc zone       2,000,000   4.00      -   1.50        -        -                     Historical**                   100%
Powerline zone
Legacy            520,000      -      -   1.04        -      6.8  NI 43-101 (inf): June 25, 2015*                   100%
Ann's Creek
Hache             364,000   1.43   0.70      -     0.53     94.9  NI 43-101 (ind):  Feb. 8, 2008*                   100%
Hache             442,000   1.06   0.66      -     0.31     55.1  NI 43-101 (inf):  Feb. 8, 2008*                   100%
Shaft             345,000   3.61   2.01                    103.1                     Historical**                   100%
Pine Tree         105,000   3.40   2.82                     72.0                     Historical**                   100%
Half Mile          25,000   3.90   4.50                     77.0                     Historical**                   100%
Beresford Cu      200,000                  2.0                                       Historical**                   100%
Millstream Fe     300,000                  1.5                                       Historical**                   100%
Moly mines        500,000                                                            Historical**                   100%

* Historical compliant NI 43-101 resources estimate. Puma has not taken steps to identify what work needs to be 
  undertaken to upgrade or verify the historical resources estimate as current mineral resources or mineral reserves. A 
  qualified person from Puma or independent third party has not done sufficient work to classify the historical 
  resources estimate as current resources estimate or current mineral reserves. Puma is not treating the historical 
  resources estimate as a current resources estimate or mineral reserves.
 
** Historical resources estimate from previous operators to illustrate the potential and significance of the project. 
   No compliant NI 43-101 resources estimate was produced. Puma is not treating the historical resources estimate as 
   current resources estimate or mineral reserves.

Chester strategy

Puma's main objective with the acquisition of the Chester deposit is to confirm and upgrade the current historical resources as well as to define additional zones along strike and in the entire property. It is important to note that the currently defined deposit starts at surface and extends to a depth of only 50 metres in the existing resource estimates, no Zn assays having been done. Puma's geologists will begin shortly an exploration program to compile the existing information in order to outline exploration targets. This will be followed with sampling, prospecting, mapping and geophysical surveys to determine priority drill ready targets.

The Chester copper deposit

The Chester property is known to contain a copper deposit. There are three zones included in the main deposit; the Central zone, the East zone and the West zone (copper stringer) located at surface. Only the West zone has been included in the NI 43-101 resources calculation in 2008 and updated in 2014 to reflect changes in metal prices and mining scenarios. The copper deposit has historical measured and indicated resources of 1.4 million tonnes grading 1.38 per cent copper and 3.5 grams per tonne silver and inferred resources of 2,089,000 tonnes grading 1.26 per cent Cu (assayed for Cu only) as reported in the NI 43-101 technical report entitled "Technical Report -- Chester Copper Property New Brunswick Canada" (effective March 7, 2014) prepared by Robert C. Sim, PGeo, for Explor Resources and filed on SEDAR. Puma is not treating the historical resources estimate as a current resources estimate or mineral reserves, as it has not taken steps to identify what work needs to be done to verify, upgrade or reclassify the historical resources estimate using a qualified person from Puma or independent third party.

Terms of the transaction

Under the terms of the option agreement, Puma shall have the right to exercise the option and earn 100-per-cent undivided interest in the Chester property upon cash payment of $300,000 to the vendor and to occur $1.1-million work commitment on the project over a three-year period on the following terms:

First year:  $250,000 work commitment and $100,000 cash

Second year:  $350,000 work commitment and $100,000 cash

Third year:  $500,000 work commitment and $100,000 cash

The vendor keeps a 2-per-cent net smelter royalty on all metals extract from the property with a buyback of 1 per cent for $1-million. Puma must complete the full three-year obligation to gain 100-per-cent interest in the property.

About Puma Exploration Inc.

Puma Exploration is a Canadian mineral exploration company with advanced precious and base metals projects in Canada. The company's major assets consist of an option to acquire 100-per-cent beneficial interest in the Murray Brook property, the Turgeon zinc-copper project and the Nicholas-Denys project, all located in the Bathurst mining camp of New Brunswick. Also, Puma owns an equity interest in BWR Resources which explores in Manitoba. Puma's objective is to focus its exploration efforts in New Brunswick.

Qualified persons

Technical information provided in this news release was prepared and reviewed by Marcel Robillard, PGeo, president, and Dominique Gagne, PGeo, vice-president of exploration of Puma Exploration, qualified persons as defined by NI 43-101. Mr. Robillard and Mr. Gagne are not independent of the company, as both are officers and shareholders thereof.

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