PGE EXPLORATION – Russian program cuts high grades

KOLA PENINSULA, RUSSIA - CONSOLIDATED PUMA MINERALS of Vancouver has received assays as promising as 11.18 g/t PGE +Au over 5.5 metres from its East Chuarvi drilling on the East Pansky PGE property. Puma has traced the high-grade mineralized horizon for at least 35 km along strike.

Drilling at East Chuarvi has confirmed a 1,400-m-long portion of the structure with high-grade core 600 metres along strike and to a depth of at least 250 metres. Some of the best assays received from the 2004 drill program included 7.98 g/t PGE+Au over 0.7 metre, 13.28 g/t over 0.5 metre and 4.52 g/t over 7.1 metres. Assays are pending for 21 more holes. The 2005 program will include 5,000 to 7,000 metres of diamond drilling as well as geological mapping and sampling of the new Kuksha property.

Puma is a 55%-owned affiliate of Bema Gold. Complete drilling results are posted at www.PumaMinerals.com.