Peruvian Precious Metals Corp. Announces NSR Repurchases

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NEWS RELEASE TSX.V PPX; BVL PPX

Peruvian Precious Metals Corp. Announces NSR Repurchases

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

Vancouver, British Columbia – August 20, 2014 – Peruvian Precious Metals Corp. (the "Company") is pleased to announce that the Company has entered into agreements with two arms-length parties to repurchase their net smelter returns royalty interests (the "NSRs") previously granted by the Company in respect of the Company's Igor Property in Peru. In consideration for the repurchase of the NSRs, the Company will issue to the holders of the NSRs a total of 4,259,200 common shares of the Company at a deemed price of $0.075 per share. The acquisitions are 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.