PAPUAN PRECIOUS METALS CORP. (TSX VENTURE:PAU)(OTCQX:PAUFF) ("PPM or the
"Company") has entered into an agreement to sell a 90% interest in its Mount
Suckling project in Papua New Guinea. The Company will maintain a 10% carried
interest and retain a 2% net smelter royalty and the purchaser, Suckling
Minerals Limited, will deliver 5,344,791 PPM shares to the Company with a
current value $106,895. Suckling Minerals Limited may purchase the 2% net
smelter royalty at any time with a cash payment of C$2 million.


The completion of the transaction is subject to a number of conditions,
including but not limited to TSX Venture Exchange approval.


About Papuan Precious Metals Corp.

PPM 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
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