Papuan Precious Metals Corp. Joins OTCQX

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Jan 18, 2011, 07:00 ET

NEW YORK, Jan. 18, 2011 /PRNewswire/ -- Pink OTC Markets Inc. (OTCQX: PINK), the financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market, today announced that Papuan Precious Metals Corp. (TSX.V: PAU; OTCQX: PAUFF), a gold and copper exploration and development company, is now trading on the OTC market's highest tier, OTCQX®.

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"Companies use OTCQX to expand their access to investors, engage them with quality disclosure of their financials, and provide trading transparency to stimulate liquidity," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "We are pleased to welcome Papuan Precious Metals to OTCQX."

Papuan Precious Metals began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com.

Berns & Berns, Counsellors at Law, will serve as Papuan Precious Metals' Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.

About Papuan Precious Metals Corp.

Papuan Precious Metals Corp. (TSX.V: PAU; OTCQX: PAUFF), trades in the United States on OTCQX under the symbol "PAUFF". The company is a Papua New Guinea based gold and copper exploration and development company with properties in New Guinea's Central Range gold-copper porphyry belt and the Lihir-Tabar epithermal gold mineral belt.

About Pink OTC Markets Inc.

OTC Markets Group Inc. (OTCQX: PINK) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. We categorize the wide spectrum of OTC-traded companies into three tiers– OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB (the U.S. reporting company marketplace for development stage companies), and OTC Pink (the speculative trading marketplace) -- so investors can identify the level and quality of information companies provide. To learn more about how Pink OTC Markets makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.

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SOURCE Pink OTC Markets Inc.