PAPUAN PRECIOUS METALS CORP. (the “Company”) is currently reviewing a number of agricultural projects as it seeks to diversify its prospects due to the current state of the mineral resource sector. The Company is of the opinion that in order to enhance shareholder value, it must look at opportunities within and outside the mineral resource sector and will also consider a reorganization of the Company’s current listing and share structure.

ON BEHALF OF THE BOARD

“Dev Randhawa”

Dev Randhawa, Chairman and CEO

For further information contact: Greg Downey at 1.866.979.7022 Or email: info@ppmpng.com

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