Puget Ventures - A New Strategic Metals Player Emerges - TSX-V:PVS

PUGET STARTS DRILLING AT NORPAX; WERNER WEST COBALT PROJECT DATA PROGRAM CONTINUES

October 14, 2009

VANCOUVER, BC (October 14, 2009) Puget Ventures Inc. (TSXV:PVS) announced today that drilling has commenced on the Norpax Nickel-Copper-PGE deposit, located on the western edge of the Werner Lake Belt in Northwestern Ontario.

"This target is an excellent choice for a fall drill campaign as we continue our data compilation and targeting efforts for the adjacent Werner West Cobalt Deposit," said Erin Chutter, President. "This small program will assist us in confirming the historical resource and determining down dip continuity for this highly viable deposit in our prolific Werner Lake greenstone belt."

Historical resource and reserve estimates of the Norpax Deposit have been reported at 1,010,000 tons of ore with 1.2% Nickel and 0.5% Copper. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating the historical estimate as current mineral resources, and the historical estimate should not be relied upon. The historical estimate is from Norpax Nickel Mines Ltd.

There is no historic estimate available for the Platinum Group Element (PGE) component of the deposit.

From 1954 to 1957 a 3-compartment shaft was sunk on the south shore of Tigar (now Almo) Lake to a depth of 402 feet (122.5m). Two levels were developed at the 250 foot (76m) and 375 foot (114m) horizons. Crosscuts were driven to the north to intercept the Cu-Ni horizon and drifting to the east and west was completed. The program consisted of underground sampling, mapping, and limited underground drilling and several "box holes" were completed to provide sample material. No stope development or mining of the deposit was undertaken. A zone of massive and disseminated sulphides was delineated on both levels for a distance of 1400 feet (426.6m).

In 2001-2002 Atikwa Minerals Limited completed preliminary geological and geochemical traversing, emphasizing the evaluation and sampling of the reported showings in order to determine the prospectivity for platinum-group minerals. A 5-hole diamond drill program was carried out in late January and early February 2002 and were analysed for Au, Pt, Pd, Cu and Ni. Values from drilling included up to 6.27% Cu over 0.50m in hole NPX 005 from 118.10m to 118.60m, 2.7% Ni over 0.60m in hole NPX 005 from 116.30m to 116.90m, 1.15 gpt (grams per tonne) Au and 1.055 gpt Pt over 1.50m in hole NPX 005 from 103.50m to 105.00m, and 5.21 gpt Pd over 0.30m in hole NPX 005 from 108.00m to 108.30m.

Puget Ventures is targeting the down dip projection of the mineralization at approximately 230m below surface in three drill holes of approximately 500m each. The spacing of the drill holes is approximately 200m along the strike of the mineralization. This program is designed to test the down dip extension of known mineralization on the 375 foot level of the massive and disseminated sulphides delineated in the underground development to test for continuity of mineralization and grade on a very gross scale.

About Puget Ventures Inc.
Puget Ventures Inc. is a Toronto Venture Exchange listed mineral exploration company with currently exploring the Trout Bay property in Red Lake, Ontario. Trout Bay has historical Copper-Zinc resources, along with significant Ni-PGE mineralization on its 4000 hectare claim block. In addition, Puget has recently acquired positions in the Werner Lake Mineral Belt in Northwestern Ontario from Benton Resources Corp. and other vendors and expects to begin work shortly on previously identified Copper and Copper-Cobalt targets.

For Further Information:

Ms. Erin Chutter, President, Puget Ventures Inc.
PO Box 10322 Pacific Centre
Suite 1588 - 609 Granville Street,
Vancouver, BC V7Y 1G5
Tel: 604-688-4219
www.pugetventures.com
Email: info@pugetventures.com

Forward Looking Statement:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. The Company undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.