/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR
DISTRIBUTION TO US NEWSWIRE SERVICES/
MELBOURNE, Australia, Jan. 27 /CNW/ - OceanaGold Corporation
("OceanaGold" or "the Company") is pleased to announce the appointment of Mr.
Marcus Engelbrecht to the position of Chief Financial Officer (CFO) effective
26 January 2009.
Mr. Engelbrecht spent nine years in South Africa with Deane & Thresher,
Chartered Accountants before starting a 20 year career with BHP Billiton and
affiliated companies. During this period Marcus was Divisional Finance
Manager, New Business and Base Metals in South Africa and The Netherlands
where he established and managed the full finance function of the business
development group and the base metals operating division. He later assumed the
role of VP, Finance Business Development where he reported to the CFO. In
2002, Marcus became CFO, Diamonds & Specialty Products, based in Melbourne,
Australia. He later managed the implementation of IFRS within the BHP Billiton
group as Project Manager. Most recently Marcus was a Principal and Director of
Mandate Finance, a private company that provided working capital solutions
through the provision of reverse factoring facilities and financial management
Mr. Engelbrecht replaces Bruce Arnold who was appointed to CFO in June
2008 on an interim basis while a formal recruitment process was undertaken.
Mr. Arnold has agreed to stay on with the Company in order to effect a smooth
transition. Steve Orr commented, "I would like to thank Bruce for his
contribution to OceanaGold over the past 7 months. Bruce has done an admirable
job managing the Company's finances during uncertain times in the global
marketplace and we wish him well with his future endeavours."
OceanaGold currently operates in the South Island of New Zealand and in
the Philippines. The Company's assets include New Zealand's largest surface
gold mine and the Frasers Underground operation in Macraes Goldfield along
with Reefton Gold Mine in New Zealand's Reefton Goldfield. The Company also
owns the Didipio Gold-Copper Project in northern Luzon, Philippines.
OceanaGold is listed on the Toronto, Australian and New Zealand stock
exchanges under the symbol "OGC".
For further information:
For further information: Mr. Darren Klinck, Vice President, Corporate &
Investor Relations, OceanaGold Corporation, Tel: 61 3 9656 5300