PAPUAN PRECIOUS METALS CORP. ("PPM" or the "Company") (TSX
VENTURE:PAU)(OTCQX:PAUFF) held its 2012 Annual General Meeting ("AGM") in
Vancouver on November 28, 2012. All resolutions brought before the shareholders
were approved including the consolidation of the Company's share capital on an
up to 5 for 1 basis, the re-appointment of Ernst and Young, LLP as auditors of
PPM, ratification of the Company's incentive stock option plan, and the election
of the board which consists of Dev Randhawa, Ross McElroy and Richard Matthews.
The Company would like to welcome newly elected board member Richard Matthews. 


About Papuan Precious Metals Corp.

The Company is engaged in the acquisition, exploration and development of
mineral properties with a focus on Copper-Gold porphyries in Papua New Guinea.


ON BEHALF OF THE BOARD 

Dev Randhawa, Chairman and CEO

FOR FURTHER INFORMATION PLEASE CONTACT: 
Papuan Precious Metals Corp.
Greg Downey
1.866.979.7022
info@ppmpng.com
www.ppmpng.com
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