Mr. Brian Maher reports

PERUVIAN INCREASES SIZE OF PRIVATE PLACEMENT

Peruvian Precious Metals Corp. will increase the size of its non-brokered private-placement offering previously announced on Sept. 15, 2015, to up to 3,785,000 units for gross proceeds of up to $378,500. Each unit consists of one common share and one common share purchase warrant, on the same terms outlined in the company's Sept. 15, 2015, news release.

Certain insiders of the company may acquire securities under the private placement. Such participation is considered to be a related party transaction, as defined under Multilateral Instrument 61-101, Protection of Minority Securityholders in Special Transactions. The directors determined that the transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of any securities issued to, and paid for by, such insiders does not exceed 25 per cent of the company's market capitalization.

The private placement is subject to the approval of the TSX Venture Exchange.