OceanaGold Refinances Revolving Credit Facility With Improved Terms

Key Highlights

• New facility providing committed bank credit totalling US$200 million, plus a US$50 million accordion, replacing the previous facility.
• Four-year facility maturing December 31, 2027.
• Improved commercial terms compared with the previous facility.

Marius van Niekerk, Chief Financial Officer of OceanaGold, said "We are pleased that a highly reputable and global banking group has committed to provide this new facility which allows us to maintain significant financial flexibility at a lower cost. The new facility right-sizes our liquidity requirements in line with our capital management plan, which recognizes both our projected growth in production and exciting organic growth pipeline.”

About OceanaGold

OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand.

For further information please contact:

Investor Relations:

Rebecca Harris, Director, Investor Relations

Tel: +1 604 678 4095     

ir@oceanagold.com

www.oceanagold.com

In Europe:

Swiss Resource Capital AG

Jochen Staiger & Marc Ollinger

info@resource-capital.ch

www.resource-capital.ch