Papuan Precious Metals Corp.
TSX VENTURE : PAU
TSX VENTURE : PAU.WT
OTCQX : PAUFF

Papuan Precious Metals Corp.

July 12, 2011 19:38 ET

Papuan Precious Metals Grants Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 12, 2011) - PAPUAN PRECIOUS METALS CORPORATION (the "Company" or "PPM") (TSX VENTURE:PAU)(TSX VENTURE:PAU.WT)(OTCQX:PAUFF) has granted incentive stock options for Directors, Officers, employees and consultants, entitling them to purchase an aggregate of 1,100,000 shares in the capital of the company subject to the policies of the TSX Venture Exchange. The options are exercisable until July 12, 2014 at a price of C$0.40 per share.

The Company is also pleased to announce that it has retained Trident Financial Corp. ("Trident") as its investor relations and corporate communications service provider. Trident has been retained for an initial period of six months at $5,000 per month and 100,000 stock options granted in accordance with the policies of the Exchange. Trident is a Vancouver-based company headed by Mr Robert Riley, a former investment advisor with 17 years of experience in the venture capital markets and will be responsible for designing and implementing a comprehensive marketing and shareholder communications plan.

PAPUAN PRECIOUS METALS CORPORATION is a Canadian based resource company specializing in the strategic acquisition, exploration and development of Copper-Gold porphyry properties located in Papua New Guinea and is headquartered in Kelowna, British Columbia. PAPUAN PRECIOUS METALS CORPORATION Common Shares are listed on the TSX venture Exchange under the symbol "PAU".

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

ON BEHALF OF THE BOARD

Devinder Randhawa, Chairman and CEO

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