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OGC.TO ·

Oceanagold Announces New Board Member

Management Changes

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MEDIA RELEASE

30 August 2019

OCEANAGOLD ANNOUNCES NEW BOARD MEMBER

(MELBOURNE) OceanaGold Corporation (TSX: OGC ) (ASX: OGC ) (the “Company”) announces the

appointment of Catherine Gignac to the Board of Directors (the “Board”) as a Non-Executive Director effective

30 August 2019.

Ms. Gignac has more than 30 years of capital markets experience, including an extensive career as a mining

equity research analyst with leading global brokerage firms. She spent her early working years as a geologist

and currently serves as an independent non-executive director and chair of the reserves oversight committee

of Cameco Corporation.

She also serves as chair of the board of Women in Mining Canada and is a member of the Canadian

Securities Administrators’ mining technical monitoring and advisory committee. She is an active member of

the Institute of Corporate Directors, the Mineral Resource Analyst Group, the Canadian Institute of Mining &

Metallurgy, and the Prospectors and Developers Association of Canada (PDAC). Previously, Ms. Gignac

served as chair of Corvus Gold Inc., from 2014 to 2019 and held various other director roles with pub lic

companies since 2011. From 2011 to 2015, she was the principal of Catherine Gignac & Associates.

Ms. Gignac earned a Bachelor of Science Honours degree in Geology from McMaster University and an

ICD.D designation from the University of Toronto’s Rotman School of Management.

Ian Reid, Chairman of OceanaGold’s Board of Directors said, “We welcome Catherine to the OceanaGold

Board of Directors at a time where we have significant organic growth opportunities that complement our

suite of high quality assets. Catherine’s significant experience in capital markets, the mining industry and

strong technical background will be a n invaluable asset to the Company and the Board as we advance the

Company to the next phase of its growth.”

- ENDS -

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For further information please contact:

Investor Relations Media Relations

Sam Pazuki

Tel: +1 720 602 4880

[email protected]

Melissa Bowerman

Tel: +61 459 900 099

[email protected]

www.oceanagold.com | Twitter: @OceanaGold

About OceanaGold

OceanaGold Corporation is a mid -tier, high-margin, multinational gold producer with assets located in the

Philippines, New Zealand and the United States. The Company’s assets encompass the Didipio Gold-Copper

Mine located on the island of Luzon in the Philippines. On the North Island of New Zealand, the Company

operates the high-grade Waihi Gold Mine while on the South Island of New Zealand, the Company operates

the largest gold mine in the country at the Macraes Goldfield which is made up of a series of open pit mines

and the Frasers underground mine. In the United States, the Company operates the Haile Gold Mine, a top-

tier, long-life, high-margin asset located in South Carol ina. OceanaGold also has a significant pipeline of

organic growth and exploration opportunities in the Americas and Asia-Pacific regions.

OceanaGold has operated sustainably since 1990 with a proven track-record for environmental management

and community and social engagement. The Company has a strong social license to operate and works

collaboratively with its valued stakeholders to identify and invest in social programs that are designed to build

capacity and not dependency.

In 2019, the Company expects to produce between 500,000 to 550,000 ounces of gold and 14,000 to 15,000

tonnes of copper at All-In Sustaining Costs ranging between $850 and $900 per ounce sold.

Cautionary Statement for Public Release

Certain information contained in this public release may be deemed “forward-looking” within the meaning of

applicable securities laws. Forward -looking statements and information relate to future performance and

reflect the Company’s expectations regarding the generation of free cash flow, execution o f business

strategy, future growth, future production, estimated costs, results of operations, business prospects and

opportunities of OceanaGold Corporation and its related subsidiaries. Any statements that express or involve

discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or

future events or performance (often, but not always, using words or phrases such as "expects" or "does not

expect", "is expected", "anticipates" or "does not anticipate", "pl ans", "estimates" or "intends", or stating that

certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are

not statements of historical fact and may be forward -looking statements. Forward -looking statements are

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subject to a variety of risks and uncertainties which could cause actual events or results to differ materially

from those expressed in the forward -looking statements and information. They include, among others, the

accuracy of mineral reserve an d resource estimates and related assumptions, inherent operating risks,

sovereign risks, risk of suspension and those risk factors identified in the Company’s most recent Annual

Information Form prepared and filed with securities regulators which is availa ble on SEDAR at

www.sedar.com under the Company’s name. There are no assurances the Company can fulfil forward -

looking statements and information. Such forward -looking statements and information are only predictions

based on current information available to management as of the date that such predictions are made; actual

events or results may differ materially because of risks facing the Company, some of which are beyond the

Company's control. Although the Company believes that any forward -looking statements and information

contained in this press release is based on reasonable assumptions, readers cannot be assured that actual

outcomes or results will be consistent with such statements. Accordingly, readers should not place undue

reliance on forward-looking statements and information. The Company expressly disclaims any intention or

obligation to update or revise any forward -looking statements and information, whether because of new

information, events or otherwise, except as required by applicable securities laws. The information contained

in this release is not investment or financial product advice.

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