PAU

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

PAPUAN PRECIOUS METALS CORP. (the "Company") (TSX VENTURE:PAU) announces a unit
private placement financing of $600,000 at $0.08 per Unit. Each unit will
consist of one common share plus one-half of one common share purchase warrant,
with each whole warrant exercisable to purchase a common share at a price of at
$0.12 for a period of two years ("Unit"). The financing will be partially
brokered and partially non-brokered. A finder's fee of 7% payable in cash or
shares may be paid upon closing. The private placement of shares originally
announced on April 29, 2014 will not proceed.


ON BEHALF OF THE BOARD

Dev Randhawa, Chairman and CEO

This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States of America. The
securities have not been and will not be registered under the United States
Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States or to U.S. Persons (as
defined in the U.S. Securities Act) unless registered under the U.S. Securities
Act and applicable state securities laws, or an exemption from such registration
is available.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


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

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