IP Inca Pacific Resources

Puma Exploration (TSX VENTURE:PUM) announces the results of the first three (3)
holes of the 2014 drilling program on its 100-per-cent-owned Nicholas-Denys
("ND") porphyry system in New Brunswick. Drillhole FND14-02 intersected 0.41%
CuEq over 200 meters at the northern edge of the intrusive.


Highlights include:



--  Continuous molybdenum, copper and silver mineralization over 486.4
    meters grading 0.23% CuEq in FND14-02; 
    
--  A 200 meter intersect of 0.41% CuEq within the above intersection,
    including 43 meters of 0.71% CuEq; 
    
--  First discovery of high grade zones within the main 4 km diameter
    porphyry with more than 1% CuEq; 
    
--  Significant silver grade associated with the main mineralized zone with
    1.04 g/t Ag over 486.4m; 
    
--  Pervasive breccia and stockwork mineralization typically associated with
    large porphyry systems; 
    
--  800 meter southerly step-out hole (FND14-03) contains continuous moly,
    copper and silver mineralization over 253 meters grading 0.18% CuEq,
    including a higher zone with 0.30% CuEq over 26.8 meters; 
    
--  Ten (10) first priority IP targets remain to be drilled. The integrity
    of the targets are confirmed by Holes FND14-02 and FND14-03 which
    encountered significant sulphide mineralization. 



Holes FND14-01 and FND14-02 are located on the northwestern boundary of the 4km
diameter ND granodiorite intrusion at the terminus of a NW-SE trending 1km wide
by 5 km long fairway defined by drillholes, mineralized trenches and prominent
Induced Polarization ("IP") and magnetic anomalies. The mineralized Beresford
copper-iron skarn zone occurs at the opposite, southeastern terminus of the
fairway.


Hole FND14-02 intersected two distinct higher grade molybdenum, copper and
silver zones within the first 500 meters of the hole with an overall grade of
0.23% CuEq over 486.4 meters, including 200 meters grading 0.41% CuEq between 43
and 243 meters down-hole.


The first zone represents a highly altered and fractured granodiorite with
pervasive moly, copper and silver disseminated and stockwork mineralization from
43 meters to 243 meters (200 meters) grading 0.41% CuEq. Within this interval,
two (2) high grade zones with more than 1% CuEq were intersected with
respectively 1.31% CuEq over 8.4 meters and 1.07% CuEq over 12.4 meters. This
zone is open in all directions.


The second zone corresponds to the contact of the granodiorite with the
surrounding hornfels at a vertical depth of 325 meters and grading 0.41% CuEq
over 26.4 meters which includes a richer zone of 0.85% CuEq over 6.0 meters. The
mineralization found at the contact between the granodiorite and the hornfels is
interpreted to be continuous from surface and along strike as indicated in hole
F07-09 drilled in 2007 which intersected 0.47% CuEq over 23.5 meters.


Hole FND14-03 was drilled 800 meters south of hole FND14-02 along the
mineralized fairway and was designed to test another IP target. The hole
encountered molybdenum, copper and silver mineralization over its entire length
grading 0.18% CuEq over 253 meters including 14.4 meters grading 0.42% CuEq.


Table 1: Selected results from the 2014 drilling program at Nicholas-Denys



                                                                            
----------------------------------------------------------------------------
Hole          Dir      Dip  From     To  Width     Ag     Cu     Mo    %CuEq
#       (Degrees)(Degrees)     m      m      m    g/t    ppm    ppm Ag+Cu+Mo
----------------------------------------------------------------------------
----------------------------------------------------------------------------
FND14-01     N025      -45  11.0   85.2   74.2   0.15    174    155     0.10
FND14-01                    12.1   32.2   20.1   0.40    275    301     0.20
FND14-01                    27.4   32.2    4.8   0.30    343    525     0.32
----------------------------------------------------------------------------
----------------------------------------------------------------------------
FND14-02     N290      -45  12.0  498.4  486.4   1.04    225    359     0.23
FND14-02                    12.0  375.3  363.3   1.18    264    420     0.27
FND14-02                    42.0  350.2  308.2   1.37    276    478     0.30
FND14-02                    43.2  243.9  200.7   1.87    324    654     0.41
FND14-02                    98.1  215.1  117.0   2.60    354    800     0.50
FND14-02                   155.4  212.7   57.3   3.58    344    957     0.60
FND14-02                   178.7  212.7   34.0   3.69    366   1150     0.71
FND14-02                   194.3  215.1   20.8   4.71    354   1402     0.86
                                                                            
FND14-02                   110.1  118.5    8.4   7.11    561   2147     1.31
FND14-02                   202.7  215.1   12.4   4.88    387   1790     1.07
FND14-02                   100.5  118.5   18.0   3.91    454   1397     0.85
                                                                            
FND14-02                   467.2  498.4   31.2   1.36    206    613     0.37
FND14-02                   468.4  494.8   26.4   1.44    220    689     0.41
FND14-02                   479.1  481.7    2.6  12.35    810   2794     1.75
----------------------------------------------------------------------------
----------------------------------------------------------------------------
FND14-03     N225      -45  37.4  290.4  253.0   0.34    335    256     0.18
FND14-03                   173.2  290.4  117.2   0.17    283    333     0.21
FND14-03                   206.8  290.4   83.6   0.17    287    395     0.25
FND14-03                   263.6  290.4   26.8   0.12    282    487     0.30
FND14-03                   276.0  290.4   14.4   0.13    288    707     0.42
FND14-03                   277.8  283.0    5.2   0.26    322   1076     0.62
----------------------------------------------------------------------------



(i)CuEq (copper-equivalent) has been used to express the combined value of
copper, molybdenum and silver as a percentage of copper, and is provided for
illustrative purposes only. No allowances have been made for recovery losses
that may occur should mining eventually result. Calculations use metal prices of
$2.75/lbs copper, $22/oz silver and $15/lbs molybdenum using the formula CuEq% =
Cu% + (Ag g/t X 0.0116) + (Mo% X 5.45).


Marcel Robillard, President of Puma Exploration stated: "We are delighted with
the results of the initial phase of the 2014 drilling program. We consider these
results to be impressive. We assess our progress by comparing our intercept and
grade results with the geometry and grade parameters of all known global
porphyry systems as set out in the comprehensive US Geological Survey
statistical analysis of 422 porphyry systems referenced below(ii). Hole FND14-02
with its 486 meters of 0.23% CuEq places us at the 25th percentile of all 422
deposits and the 200 meters of 0.41% CuEq places the intercept just short of the
average grade of 0.44% Cu and somewhat below the 50th percentile value of 0.50%
for all surveyed deposits."


''Our work over the past three years has consistently confirmed the existence of
three very large adjoining and related mineral systems named as Porphyry system
which includes the granodiorite intrusive, the skarn horizon and the
gold-silver-lead-zinc belt. Now the discovery of high grade moly and copper in
the porphyry is a major step in the ND property development". 


About Nicholas-Denys

Nicholas-Denys is located in mining friendly New Brunswick, near sea level in
the established Bathurst mining camp which welcomes employment opportunities.
The property is located 15 kms from the city of Bathurst and 20 kms from a
deep-water Atlantic port and the nearby Glencore Xstrata smelter at Belledune.
It is also located 10 kms south of Puma's Turgeon copper-zinc VMS exploration
project. Access is excellent with a commercial airport near Bathurst, a nearby
railroad and with paved roads running through the property. The project consists
of three genetically and spatially related plays: the large 4 km diameter ND
porphyry intrusion, the adjacent 10 km long Main Fault zone including the skarn
horizon and, about 1 km to the southeast, the parallel 10 km long Rocky Brook
mineralized Ag-Pb-Zn fault corridor.


About Puma Exploration

Puma Exploration is a Canadian mineral exploration company with advanced
precious and base metals projects in Canada. The Company's major assets are the
Nicholas-Denys Project and Turgeon Copper Project in New Brunswick and the
Little Stull Lake Gold Project in Manitoba. Puma is focusing now its exploration
efforts in New Brunswick, Canada.


Learn more by clicking here: www.pumaexploration.com

(ii)Porphyry Copper Deposits of the World: Database and Grade and Tonnage
Models, 2008, United States Geological Survey Open-File Report 2008-1155, 2008.


The contents of this press release were prepared by Dominique Gagne a Qualified
Person as defined in NI 43-101. The samples were analyzed at the ALS Chemex
laboratory in Val d'Or using the atomic absorption and ICP methods. There is not
enough drilling data presently available to determine the shape and true width
of the mineralized zone. 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.


Forward-Looking Statements: This press release may contain forward-looking
statements. Such forward-looking statements involve a number of known and
unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of Puma Exploration Inc. to be materially
different from actual future results and achievements expressed or implied by
such forward-looking statements. Readers are cautioned not to place undue
reliance on these forward-looking statements which speak only as of the date the
statements were made, except as required by law. Puma Exploration undertakes no
obligation to publicly update or revise any forward-looking statements. These
risks and uncertainties are described in the quarterly and annual reports and in
the documents submitted to the securities administration.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Marcel Robillard. President
Puma Exploration
(418) 724-0901
Toll free: (800) 321-8564
president@explorationpuma.com

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