OceanaGold Appoints New Member to Board of Directors



    /NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR
    DISTRIBUTION TO US NEWSWIRE SERVICES./

    MELBOURNE, Australia, Dec. 10 /CNW/ - OceanaGold Corporation is pleased
to announce the appointment of Jose (Joey) P. Leviste Jr. to the Board of
Directors effective immediately.
    Joey is currently the Chairman of its wholly-owned subsidiary company in
the Philippines, OceanaGold (Philippines), Inc. and has been a Director of the
Philippines company since OceanaGold's merger with Climax Mining in 2006. He
was also a Director of the Climax Mining predecessor Filipino subsidiary.
Previously, Joey held the position of Chairman, President and CEO of Mirant
Asia Philippines Corporation, a subsidiary of U.S. based power generation
company, Mirant Corporation.
    Joey is well known in the Philippines business community, having
consistently been named by BizNews Asia Magazine as one of the "most powerful
100" people in the Philippines. He is the Philippine Resident Representative
of the Australia-Philippine Business Council and in 2005 was appointed as a
Commissioner to the Consultative Commission tasked with advising the
Philippines' President on the changes needed to the 1987 Constitution of the
Philippines.
    OceanaGold's Chairman, Jim Askew commented "It is a pleasure to welcome
Joey to the board of directors of OceanaGold Corporation. I have had the
pleasure to work with Joey for a number of years dating back to my tenure as
Chairman of Climax Mining. He brings a wealth of international business
experience to the company and as the Chairman of our subsidiary OceanaGold
Philippines, is an important part of our leadership."
    The Company also announces that Antenor Silva has stepped down from the
board of directors. Antenor joined the board in November 2006 and the Company
wishes to thank Mr Silva for his contributions as a Director for OceanaGold
Corporation and Climax Mining.

    Background

    OceanaGold currently operates in the South Island of New Zealand and the
Philippines. The company's assets include New Zealand's largest gold mine at
Macraes, a new mine in the Reefton Goldfield, and two development projects;
Frasers Underground, scheduled for commissioning in early 2008 and the Didipio
Gold-Copper project in northern Luzon, Philippines scheduled for commissioning
in the first half of 2009. The company expects to achieve gold production of
approximately 500,000 gold equivalent ounces (AuEq) in 2009.
    OceanaGold is listed on the Toronto, Australian and New Zealand stock
exchanges under ticker symbol "OGC".





For further information:

For further information: Mr Darren Klinck, Vice President, Corporate and
Investor Relations, OceanaGold Corporation, Tel: 61 3 9656 5300


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