Puget Ventures Inc is an exploration stage company focused in the acquisition, exploration and development of base metal properties. It is in the process of exploring its mineral property interests and has not determined whether its mineral property interests contain reserves that are economically recoverable. As of April 30, 2012, it had concentrated its operations on Werner Lake Mineral Belt properties located in the province of Ontario. The land package stretches 60 kilometers along mineralized strike and consists of approximately 1,700 hectares located in the Kenora mining district in northwestern Ontario. It also has interest in the Norpax Nickel deposit. The Norpax deposit is located approximately seven kilometers east of the Ontario-Manitoba. This property is subject to a 2% net smelter return (NSR) royalty. On May 17, 2012, the Company and Beijing AXHA Investment Co. (Anhua) entered into a partnership agreement with respect to the Karakul property.