KELOWNA, BRITISH COLUMBIA--(Marketwire - Dec. 5, 2012) - 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
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.