Vancouver, British Columbia – August 4, 2015 – Peruvian Precious Metals Corp. (the “Company”) is pleased to announce that it has agreed to settle US$104,000 of interest accrued on a US$800,000 convertible debenture issued on August 15, 2014. As the principal owed on the debenture has been converted to common shares pursuant to the debenture, the Company will issue a total of 13,907,693 common shares to the debentureholder at a price of US$0.065 per share in satisfaction of all debts owed to the debentureholder. In consideration for assisting in the debt settlement and conversion of the debenture, Tomas Silva will be issued 984,615 common shares. The transaction is subject to the approval of the TSX Venture Exchange.