Papuan Precious Metals Corp.: Drilling Begins at Doriri Creek Hydrothermal Ni-Pd-Pt Prospect

Papuan Precious Metals Corp. ("PPM or the "Company") (TSX
VENTURE:PAU)(OTCQX:PAUFF) announces it has commenced a 150m drilling program at
its 100% owned Doriri Creek Ni-Pd-Pt prospect in EL 1424 Mt Suckling. The
current drill program will test the nickel mineralogy that is accompanied by
high concentrations of phosphorous minerals, palladium and platinum.


The Mt Suckling Project 

The Mt Suckling project is comprised of the Urua Creek, Araboro Creek, and Ioleu
Creek porphyries, Dimidi Creek potassium anomaly and the unique Doriri Creek
hydrothermal Ni-Pd-Pt prospect. It covers two exploration licenses over 316 km2
at the eastern end of the Central New Guinea Range, one of the world's premier
porphyry copper and precious metals belts. 


Further details of the prospects identified to date at the Mt Suckling project
are available at (http://www.ppmpng.com/project-mtsuckling.html).


This press release contains "forward-looking information". Forward-looking
information is subject to known and unknown risks, uncertainties and other
factors that may cause PPM's actual results, level of activity, performance or
achievements to be materially different from those expressed or implied by such
forward-looking information. Such factors include, but are not limited to:
uncertainties related exploration and development; the ability to raise
sufficient capital to fund exploration and development; changes in economic
conditions or financial markets; increases in input costs; litigation,
legislative, environmental and other judicial, regulatory, political and
competitive developments; technological or operational difficulties or inability
to obtain permits encountered in connection with exploration activities; and
labour relations matters. This list is not exhaustive of the factors that may
affect our forward-looking information. These and other factors should be
considered carefully and readers should not place undue reliance on such
forward-looking information. PPM disclaims any intention or obligation to update
or revise forward-looking information, whether as a result of new information,
future events or otherwise, except as required by law. 


ON BEHALF OF THE BOARD 

Dev Randhawa, CEO