OceanaGold - Ausgold

WA-95041

OceanaGold Corporation (via its wholly-owned Australian subsidiary OceanaGold (Australia) Pty Ltd) (together, **OceanaGold**) is proposing to acquire 100% of the issued shares of Ausgold Limited (**Ausgold**), through a scheme of arrangement (the **Acquisition**). OceanaGold is a global intermediate gold and copper mining company listed on the Toronto Stock Exchange (TSX:OGC) and the New York Stock Exchange (NYSE:OGC). OceanaGold’s principal mining operations are located in the United States of America (Haile Gold Mine), New Zealand (Macraes Operation and Waihi Operation) and the Philippines (Didipio Mine). OceanaGold does not hold, operate or have an interest in any gold mining or exploration tenements in Australia. However, OceanaGold supplies gold that has been produced overseas to customers in Australia. Ausgold is an ASX-listed (ASX:AUC) development-stage gold mining company. Its principal asset is the Katanning Gold Project, located in Western Australia. As a development-stage project, Ausgold does not currently produce or sell gold.