Consolidated Puma Minerals Corp. (TSX VENTURE:CPW) ("the Company") announces
that it will issue 564,151 common shares of the Company to Rocliffe Developments
Limited in settlement of a payment of US$150,000 due to Rocliffe pursuant to the
Shareholders Agreement dated May 24, 2002 relating to the Company's 72% interest
in the Kola property located in Russia.


On behalf of CONSOLIDATED PUMA MINERALS CORP.

Roger Richer, President

Consolidated Puma Minerals Corp. trades on the TSX Venture Exchange under the
symbol CPW.


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