Peruvian Precious Metals Corp. Announces Shares for Debt Settlement

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NEWS RELEASE TSX.V PPX; BVL PPX

Peruvian Precious Metals Corp. Announces Shares for Debt Settlement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Vancouver, British Columbia – July 17, 2014 – Peruvian Precious Metals Corp. (the "Company"), is pleased to announce that the Company has entered into debt settlement agreements with certain creditors, four of whom are directors and/or officers of the Company (the "Creditors"). In consideration for settlement of a total combined debt of $1,247,639.11 owing to the Creditors by the Company, the Company will issue to the Creditors a total of 18,313,064 common shares of the Company at a deemed price of $0.065 per share.

The transaction is subject to the approval of the TSX Venture Exchange.

On behalf of the Board of Directors Brian J. Maher President and Chief Executive Officer

FOR FURTHER INFORMATION, PLEASE CONTACT:

Peruvian Precious Metals Corp.

Kimberly Ann Arntson, Vice President - Corporate Development

Phone: 1-530-414-4400 Email: [email protected] Website: www.peruvianpmc.com

Cautionary Statement:

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