Papuan Precious Metals Announces Increase to Private Placement Financing and Appointment of PNG Agent

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

PAPUAN PRECIOUS METALS CORP. (TSX VENTURE:PAU) (the "Company") - Further to the
Company's news release dated April 29, 2014, the Company is increasing the
previously announced private placement financing from $500,000 to $600,000. The
financing is at C$.10 per share and Finder's fees of 7% payable in cash or
shares may be paid upon closing.


The Company also welcomes the appointment of Bernard Kavanamur of Vakamano Ltd.
as agent for the Company. Mr. Kavanamur will be carrying out the field programs
on our New Hanover prospect in Papua New Guinea. 


ON BEHALF OF THE BOARD

Dev Randhawa, Chairman and CEO

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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