In this study, the momentum conservation type punching mechanism for micropunching system was developed to avoid the punch failure in the misaligned status between the punch and die. The punching energy can be precisely controlled by the falling height of the projectile mass and the intermediata mass, which contacts with the punch, transmit the energy to the punch with the same contact condition. The potential energy of the projectile mass is converted to kinetic energy at the light weight punch that the projection speed into the sheet metal workpiece can be accelerated. The butt formation characteristics for the alignment condition and for the projection speeds are investigated to verify the feasibility of the proposed punching mechanism.