OceanaGold Corporation 2008 Second Quarter Results



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

    MELBOURNE, Australia, July 31 /CNW/ -

    CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

    This Management Discussion & Analysis contains "forward-looking
statements and information" within the meaning of applicable securities laws
which may include, but is not limited to, statements with respect to the
future financial and operating performance of the Company, its subsidiaries
and affiliated companies, its mining projects, the future price of gold, the
estimation of mineral reserves and mineral resources, the realisation of
mineral reserve and resource estimates, costs of production, estimates of
initial capital, sustaining capital, operating and exploration expenditures,
costs and timing of the development of new deposits, costs and timing of the
development of new mines, costs and timing of future exploration, requirements
for additional capital, governmental regulation of mining operations and
exploration operations, timing and receipt of approvals, consents and permits
under applicable mineral legislation, environmental risks, title disputes or
claims, limitations of insurance coverage and the timing and possible outcome
of pending litigation and regulatory matters. Often, but not always,
forward-looking statements and information can be identified by the use of
words such as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "targets", "aims", "anticipates" or
"believes" or variations (including negative variations) of such words and
phrases, or may be identified by statements to the effect that certain
actions, events or results "may", "could", "would", "should", "might" or
"will" be taken, occur or be achieved. Forward-looking statements and
information involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Company
and/or its subsidiaries and/or its affiliated companies to be materially
different from any future results, performance or achievements expressed or
implied by the forward-looking statements. Such factors include, among others,
future prices of gold; general business, economic, competitive, political and
social uncertainties; the actual results of current production, development
and/or exploration activities; conclusions of economic evaluations and
studies; fluctuations in the value of the United States dollar relative to the
Canadian dollar, the Australian dollar, the Philippines Peso or the New
Zealand dollar; changes in project parameters as plans continue to be refined;
possible variations of ore grade or recovery rates; failure of plant,
equipment or processes to operate as anticipated; accidents, labour disputes
and other risks of the mining industry; political instability or insurrection
or war; labour force availability and turnover; delays in obtaining financing
or governmental approvals or in the completion of development or construction
activities or in the commencement of operations; as well as those factors
discussed in the section entitled "Risk Factors" contained in the Company's
Annual Information Form in respect of its fiscal year-ended December 31, 2007,
which is available on SEDAR at www.sedar.com under the Company's name.
Although the Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking statements and information, there may be other
factors that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking statements and information
contained herein are made as of the date of this Management Discussion &
Analysis and, subject to applicable securities laws, the Company disclaims any
obligation to update any forward-looking statements and information, whether
as a result of new information, future events or results or otherwise. There
can be no assurance that forward-looking statements and information will prove
to be accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements and information due to the
inherent uncertainty therein.

    
    July 31 2008

                   Management's Discussion and Analysis of
                Financial Condition and Results of Operations
                     for the Quarter Ended June 30, 2008

                                 HIGHLIGHTS

    -   Total gold sales for the quarter of 58,831 ounces - an increase of
        54% for the same period in 2007

    -   60% improvement in gold production from quarter 1 to quarter 2 at
        Frasers Underground resulting in solid performance for the quarter

    -   6% improvement in process recoveries from quarter 1 to quarter 2 at
        Macraes processing plant after implementing process improvement
        measures

    -   Sold 17,453 gold ounces from the Reefton mine, which was in line with
        mine plan & expectations

    -   Appointment of Vice President, Exploration - Nick Franey.
        Comprehensive review of exploration portfolio underway

    -   Exploration drill program commenced on Didipio near-mine targets in
        close proximity to Didipio deposit

    (*)All statistics are compared to the corresponding 2007 period.

    (xx)OceanaGold has adopted USD as its presentation currency, the
    financial statements are presented in USD and all numbers in this
    document are expressed in USD unless otherwise stated.
    

    OVERVIEW

    OceanaGold sold 58,831 ounces during the second quarter of 2008 at a cash
operating cost of $741 per ounce.
    During the quarter, the Company incurred materially higher fuel and power
costs for its New Zealand operations which reduced the cash operating margin.
Diesel and electricity accounted for $45 per ounce and $74 per ounce increases
to the cash cost per ounce compared to the first quarter of 2008. In addition,
the Company recorded an additional expense of $76 per ounce compared to Q1 as
a result of the timing of capital waste stripping activities.
    Power in New Zealand is primarily hydro generated. Spot electricity rates
exceeded NZ$ 0.55 / kWh due to a drought that depleted hydro power reservoirs
and required reactivation of high cost fossil fuel plants. The Company has a
portion of its electricity hedged which contained the overall effect of the
volatility in the spot market. However, average electricity costs for the six
month period ending June 30 were still approximately 67% higher than budgeted.
    Due to higher oil prices, diesel prices increased 60% to approximately
NZ$1.55 per litre by the end of the quarter, up from NZ$0.97 in December.
    The cash operating margin for the quarter was $161 per ounce and slightly
higher then the same period last year at $154 per ounce. The Company sold all
of its gold on the spot market with an average price received of $902 per
ounce which was up from $698 in 2007. The higher cash costs for the quarter
kept pace with the higher gold price so the operating margin only increased 5%
compared to the second quarter of 2007.
    EBITDA (excluding unrealized gains/losses on hedges) for the quarter was
$1.1 million compared to $2.8 million in the second quarter of 2007.
    The Macraes Goldfield produced 40,698 ounces for the quarter. The average
mill feed grade was 1.14 g/t, a 28% improvement over the same period in 2007.
This was driven by higher grade material from the Frasers Underground and from
the open pit. Similar grades are expected in Q3 with higher grade material
expected from the open-pit in Q4.
    Frasers Underground showed consistent improvement through the quarter
after commissioning in Q1. Mined ore totalled 181,000 tonnes at an average
grade of 2.49 g/t during the quarter. Mining efficiency and grade control were
key drivers to the operation's improvement.
    The Reefton mine performed to expectations and produced 17,591 ounces
during the quarter with a mill feed grade of 2.42 g/t.
    Construction activities at the Didipio Gold-Copper project progressed
with the bulk earthworks, detailed design & engineering and procurement all
reaching 60% complete status. The Company announced on June 24 a temporary
suspension of some high cash-burn expenditures in order to preserve cash until
supplementary funding for the project is secured.
    Major contractors for earthworks, pre-stripping, EPCM have temporarily
de-mobilized. Key long lead-time items such as the grinding mills, the jaw
crusher, flotation cells, cyclones and gravity concentrators will be completed
and remain with the vendor until required. Pending resolution of the
additional funding requirement, the Company can not forecast a revised Didipio
project commissioning date. However, a funding solution in the near-term would
allow for a more seamless return to construction activities.
    Nick Franey was appointed Vice President, Exploration. Nick brings
25 years of exploration experience in Australasia and Africa to the Company.
He will be responsible for executing the Company's exploration strategy in New
Zealand and the Philippines. Also, Jamila Abassi was appointed Director,
Corporate Social Responsibility. Jamila is a cultural anthropologist and was
most recently with TeckCominco Ltd in Canada. She will be responsible for
developing and managing OceanaGold's community partnerships and sustainable
development initiatives.

    Revised Cost Guidance

    The Company remains on track to meet FY 2008 production guidance of
265,000 - 275,000 ounces. However, given the increased costs experienced in
the second quarter combined with allowances for higher commodity, particularly
fuel, costs for the remainder of 2008, the Company has revised cash cost
guidance for the year ending December 31, 2008 to: $560 - $595 per ounce.


    
                                 -Table 1 -
                   Key Financial and Operating Statistics

    -------------------------------------------------------------------------
                                 Quarter     Quarter   Half Year   Half Year
                                   Ended       Ended       Ended       Ended
                                  Jun 30      Jun 30      Jun 30      Jun 30
    Financial Statistics            2008        2007        2008        2007
    -------------------------------------------------------------------------

    Gold Sales (Ounces)           58,831      38,085     126,555      76,812

                                     USD         USD         USD         USD
                                     ---         ---         ---         ---
    Average Price Received
     ($ per ounce)                   902         698         911         664
    Cash Operating Cost
     ($ per ounce)                   741         544         611         480
    Cash Operating Margin
     ($ per ounce)                   161         154         300         183

    Non-Cash Cost ($ per ounce)      203         192         206         152
    Total Operating Cost
     ($ per ounce)                   944         736         817         632

    Total Cash Operating Cost
     ($ per tonne processed)       26.21       11.23       23.26       10.59

    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
                                 Quarter     Quarter   Half Year   Half Year
                                   Ended       Ended       Ended       Ended
    Combined Operating            Jun 30      Jun 30      Jun 30      Jun 30
     Statistics                     2008        2007        2008        2007
    -------------------------------------------------------------------------

    Gold produced (ounces)        58,289      40,255     121,124      76,510

    Total Ore Mined (tonnes)   1,199,533   1,220,442   2,687,585   2,109,221
    Ore Mined grade
     (grams/tonne)                  1.66        1.24        1.62        1.23

    Total Waste Mined (tonnes)
     - incl pre-strip         13,797,244  13,857,646  27,302,117  27,762,386

    Total Material Mined
    (tonnes) - incl
     pre-strip                14,996,777  15,078,088  29,989,702  29,871,607

    Total Material Moved
     (tonnes)                 15,939,561  15,785,899  31,336,596  31,475,723

    Mill Feed (dry milled
     tonnes)                   1,662,933   1,572,704   3,323,698   2,966,303
    Mill Feed Grade
     (grams/tonne)                  1.34        0.89        1.46        0.93
    Recovery (%)                   79.5%       76.7%       76.9%       79.6%

    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
                                 Quarter     Quarter   Half Year   Half Year
                                   Ended       Ended       Ended       Ended
    Combined Financial            Jun 30      Jun 30      Jun 30      Jun 30
     Results                        2008        2007        2008        2007
    -------------------------------------------------------------------------
                                  $ '000      $ '000      $ '000      $ '000
    -------------------------------------------------------------------------
    EBITDA (excluding
     unrealized gain/(loss)
     on hedges)                    1,131       2,787      22,820       8,191
    -------------------------------------------------------------------------
    Earnings/(loss) after
     income tax and before
     unrealized gain/(loss)
     on hedges                   (12,051)     (4,066)     (8,268)     (4,366)
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Reported EBITDA (including
     unrealized gain/(loss)
     on hedges)                   (9,152)     33,496      (8,803)     23,444
    -------------------------------------------------------------------------
    Reported earnings/(loss)
     after income tax (including
     unrealized gain/(loss)
     on hedges)                  (19,248)     16,510     (30,404)      5,854
    -------------------------------------------------------------------------
    

    PRODUCTION

    Production for the second quarter of 2008 totalled 58,289 gold ounces, a
45% increase over the same period in 2007. Total gold sales were 58,831
ounces.
    The higher production for the quarter compared to 2007 is due to the
Company now operating three mines in New Zealand.
    Total combined cash operating costs were $741 per ounce for the quarter.
These were negatively affected by higher commodity costs and consistent with
general cost pressures currently facing the mining industry. Of particular
note were diesel and electricity, both which experienced substantial increases
over the previous quarter. Compared to Q1 2008, diesel contributed an
additional $45 per ounce whereas electricity contributed an additional $74 per
ounce. The company expects diesel costs to remain higher throughout the
remainder of 2008 and is determining means to improve fuel efficiency at the
open pit operations. Higher electricity costs were driven by extreme drought
conditions in New Zealand that resulted in a dramatic increase to rates which
exceeded NZ$0.55 / kWh in the quarter. However, by mid-July, precipitation
increased and spot prices had declined to NZ$0.06 - NZ$0.12 / kWh and are now
back in line with expectations.
    The Company also expensed rather than capitalised a larger amount of
waste stripping compared to the first quarter of the year, resulting in an
additional charge to cash operating costs of US$76 per ounce. Waste movement
for the quarter focussed almost entirely at Frasers 4B pit. This will continue
in Q3 in order to achieve the vertical advance necessary to reach higher grade
benches by Q4 as planned.

    OPERATIONS

    Macraes Goldfield (New Zealand)

    The Macraes operation (open-cut and underground) incurred nil lost time
injuries (LTI) for the quarter. Total man hours without an LTI were
336,000 hours.
    Production from the Macraes Goldfield for the quarter was 40,698 gold
ounces, a 28% increase over the same period in 2007. The increase was
attributed to production from the new underground mine and higher grades from
the open pit compared to 2007.
    Total material moved at Macraes Goldfield (open pit & underground) was
12.3 million tonnes compared to 12.5 million tonnes for the same period in
2007 and slightly behind expectations. Mine operator turnover has increased in
the first half of 2008 due to increased competition globally for skilled
mining labour. This has somewhat reduced haulage efficiencies. An improvement
program is being implemented to improve productivity through shift roster
changes and more efficient equipment deployment.
    During Q2, meaningful improvements were achieved at the Frasers
Underground where ore mined totalled 181,000 tonnes, a 14% increase over Q1.
Mining has moved to Panel 1B where grades are higher than Panel 1A mined
during Q1. The development decline accessed Panel 2 during the quarter and the
Company expects to commence mining in Panel 2 in Q4 this year.
    Processing throughput at Macraes for the quarter was 1.40 million tonnes
compared to 1.44 million tonnes in during the same period in 2007. Mill feed
grade averaged 1.14 g/t Au compared to 0.89 g/t Au for Q2 of 2007. This 28%
increase can be attributed to higher grade ore processed from the pit compared
to low grade stockpiles in 2007 and production from the higher-grade
underground operation.
    Grades through the mill will remain similar in Q3 with expectations of an
improvement in Q4 as higher grade portions of the Macraes open pit are
accessed.
    Process recoveries were 79% for the quarter and represented a 6%
improvement over the first quarter of 2008. Month on month improvement was
demonstrated during the quarter with process recoveries achieving 81% by late
June.

    Reefton Goldfield (New Zealand)

    Two LTIs were incurred in the second quarter at Reefton compared with one
in the second quarter of 2007.
    Total movement for the quarter was 3.6 million tonnes which was slightly
ahead of expectation and a 12% increase over the same period in 2007. Despite
continued pressure on attracting and retaining skilled operators, ongoing
process improvements to increase efficiencies as well as mechanical
reliability have resulted in meeting or exceeding mining targets at the mine.
    Production from Reefton concentrate was 17,591 gold ounces which achieved
expectations. Average mill feed grade through the plant was 2.42 g/t and
slightly above forecast due to positive mine-mill grade reconciliations.
Overall gold recovery for Reefton was 82.3% and 8% higher than the same period
during 2007.


    
                                 -Table 2 -
                        Macraes Operating Statistics

    -------------------------------------------------------------------------
                                 Quarter     Quarter   Half Year   Half Year
                                   Ended       Ended       Ended       Ended
    Macraes Goldfield             Jun 30      Jun 30      Jun 30      Jun 30
     Operating Statistics           2008        2007        2008        2007
    -------------------------------------------------------------------------

    Gold produced (ounces)        40,698      31,826      85,329      68,056

    Total Ore Mined (tonnes)     916,107     997,449   2,061,151   1,789,912
    Ore Mined grade
     (grams/tonne)                  1.48        1.00        1.46        1.04

    Total Waste Mined (tonnes)
     - incl pre-strip         10,475,518  10,839,593  20,897,498  21,579,824

    Total Material Mined
     (tonnes) - incl
     pre-strip                11,391,625  11,837,042  22,958,649  23,369,736

    Total Material Moved
     (tonnes)                 12,299,863  12,544,854  24,251,739  24,962,661

    Mill Feed (dry milled
     tonnes)                   1,401,322   1,436,513   2,763,460   2,829,499
    Mill Feed Grade
     (grams/tonne)                  1.14        0.89        1.27        0.93
    Recovery (%)                   79.0%       76.3%       76.1%       79.6%


                                 -Table 3 -
                        Reefton Operating Statistics

    -------------------------------------------------------------------------
                                 Quarter     Quarter   Half Year   Half Year
                                   Ended       Ended       Ended       Ended
    Reefton Goldfield             Jun 30      Jun 30      Jun 30      Jun 30
     Operating Statistics           2008        2007        2008        2007
    -------------------------------------------------------------------------

    Gold produced (ounces)        17,591       8,429      35,795       8,454

    Total Ore Mined (tonnes)     283,426     222,993     626,434     330,501
    Ore Mined grade
     (grams/tonne)                  2.26        2.34        2.15        2.23

    Total Waste Mined
     (tonnes) - incl
     pre-strip                 3,321,726   3,018,053   6,404,619   6,182,562

    Total Material Mined
     (tonnes) - incl
     pre-strip                 3,605,152   3,241,046   7,031,053   6,513,063

    Total Material Moved
     (tonnes)                  3,639,698   3,241,045   7,084,857   6,513,062

    Mill Feed (dry milled
     tonnes)                     261,611     136,191     560,238     136,804
    Mill Feed Grade
     (grams/tonne)                  2.42        2.43        2.41        2.43
    Recovery (%)                   82.3%       74.4%       80.8%       74.1%
    -------------------------------------------------------------------------
    

    DEVELOPMENT

    Didipio Gold & Copper Project (Philippines)

    On May 12, 2008, the Company announced that the capital cost to
commission the Didipio Gold and Copper project in Luzon, Philippines has
increased to $320 million due to project scope changes, adverse foreign
exchange movements, labour and commodity inflation and a $33 million
contingency allowance. This has created an expected $185 million funding
shortfall. In mid-June, a number of work activities were temporarily suspended
to manage costs pending completion of supplemental funding. The Company is
considering debt options along with sale of a portion or all of the asset to
provide sufficient funding. Full construction activities are not expected to
resume until this funding is secured.
    The project exceeded one million man hours during the quarter and one LTI
was recorded. On-site activities during Q2 focused on bulk earthworks
resulting in approximately 60% completion of the material to be excavated for
the process plant and power station area. Civil works for the mining
contractor site office and accommodation progressed to a 60% completion level
as well. Leighton Contractors, the open-cut mining contractor is now ready to
commence pre-stripping of the open-cut pending reactivation of full
construction activities.
    Non site activities progressed with procurement and detailed design on
schedule until the temporary suspension was actioned. Long lead-time items
such as the mills, jaw crusher, cyclones, flotation cells and gravity
concentrators are all close to completion and will remain with vendors until
they are required. Prudent measures have been taken to ensure that key items
or contracts for the project are maintained or progressed in order to maximize
value and minimize effect on the commissioning schedule once full activities
are re-activated.
    Through the balance of the year, OceanaGold still expects to spend
approximately $29 million in value adding activities for the Didipio project.

    EXPLORATION

    Nick Franey was appointed Vice President, Exploration during the quarter.
Nick brings 25 years of exploration experience to the management team and was
previously with Anvil Mining Ltd and Anglo American Plc, working in
Australasia and Africa. Nick is undertaking a comprehensive review of the
entire exploration portfolio and new work programs are under development.

    New Zealand

    Macraes Goldfield

    Exploration in the Macraes Goldfield was primarily focused on infill
drilling in the northeastern part of Frasers Underground Panel 2 and several
intercepts confirmed continuity of grade within and some minor extension to
this orebody. In addition, a new drill programme was initiated to test the
down-dip extensions of the Golden Point and Round Hill orebodies, and several
holes have intersected the host shear zone.

    Reefton Goldfield

    Reefton exploration targeted orebody extensions immediately north of the
Globe-Progress open pit, but only weak mineralization was logged in drill
core. Focus will shift to other targets along the main Oriental Shear Zone
next quarter.

    Philippines

    Didipio & Near-Mine Prospects

    Assay results from the Didipio infill drill program were received
confirming grade continuity of the orebody as expected. A trench program was
completed on top of Didipio Hill and provided an initial indication of copper
grades averaging 1% within the oxide zone of the deposit.
    A comprehensive review of the geological model of Didipio is ongoing, to
provide a better understanding of the controls of mineralization and grade
distribution. This is expected to assist new target definition in the
immediate vicinity of Didipio.
    Five drill rigs are active on the near-mine exploration program and nine
holes have been completed to date, with assays currently pending. Several
holes have intersected thin zones of altered monzonite, which is consistent
with Didipio-style mineralization.

    Manhulayan

    An Induced Polarization (IP) geophysics program was completed during the
quarter, and geological mapping and reconnaissance sampling of old workings
and some new outcrops (recently exposed by landslides) continues. A drill
program to test at least two porphyry targets has been designed, but the
program is temporarily on hold pending a resolution to the supplemental
funding requirements for the Didipio project.

    
                              FINANCIAL SUMMARY

    The table below provides selected financial data relating to the quarter
ended June 30, 2008, with comparative data from the quarter ended June 30,
2007.

    -------------------------------------------------------------------------
                                 Quarter     Quarter   Half Year   Half Year
                                   Ended       Ended       Ended       Ended
                                  Jun 30      Jun 30      Jun 30      Jun 30
     STATEMENT OF OPERATIONS        2008        2007        2008        2007
    -------------------------------------------------------------------------
    Gold sales                    53,068      22,644     115,331      43,413
    -------------------------------------------------------------------------
    Cost of sales, excluding
     depreciation and
     amortization                (42,953)    (17,316)    (75,953)    (30,749)
    -------------------------------------------------------------------------
    General & Administration      (4,684)     (2,719)     (8,593)     (4,502)
    -------------------------------------------------------------------------
    Foreign Currency Exchange
     Loss                         (4,340)         32      (8,037)       (158)
    -------------------------------------------------------------------------
    Other income                      40         146          72         187
    -------------------------------------------------------------------------
    Earnings before interest,
     tax, depreciation &
     amortization (EBITDA)
     (excluding unrealized
     gain/(loss) on hedges)        1,131       2,787      22,820       8,191
    -------------------------------------------------------------------------
    Depreciation and
     amortization                (12,050)     (6,533)    (26,254)     (9,980)
    -------------------------------------------------------------------------
    Net interest expense          (4,873)     (3,295)     (9,339)     (5,543)
    -------------------------------------------------------------------------
    Earnings/(loss) before
     income tax and unrealized
     gain/(loss) on hedges       (15,792)     (7,042)    (12,773)     (7,332)
    -------------------------------------------------------------------------
    Earnings/(loss) after income
     tax and before unrealized
     gain/(loss) on hedges       (12,051)     (4,066)     (8,268)     (4,366)
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Release from OCI of deferred
     unrealized gain/(loss) on
     designated hedges               122      (8,162)        279     (17,242)
    -------------------------------------------------------------------------
    Gain / (loss) on fair value
     of undesignated hedges      (10,404)     38,871     (31,902)     32,495
    -------------------------------------------------------------------------
    Tax on unrealized (gain)/loss
     on hedges                     3,085     (10,134)      9,487      (5,033)
    -------------------------------------------------------------------------
    Net earnings/(loss)          (19,248)     16,510     (30,404)      5,854
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Basic earnings/ (loss) per
     share                        ($0.12)      $0.12      ($0.19)      $0.04
    -------------------------------------------------------------------------
    Diluted earnings/ (loss)
     per share                    ($0.12)      $0.11      ($0.19)      $0.04
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    CASH FLOW
    -------------------------------------------------------------------------
    Cash flows from Operating
     Activities                   10,803        (985)     30,537       7,320
    -------------------------------------------------------------------------
    Cash flows from Investing
     Activities                  (64,670)    (35,865)    (96,607)    (72,591)
    -------------------------------------------------------------------------
    Cash flows from Financing
     Activities                  (11,598)      3,299     (13,961)     50,626
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
                                                           As at       As at
                                                         June 30 December 31
                                                            2008        2007
    BALANCE SHEET                                          $'000       $'000
    -------------------------------------------------------------------------
    Cash and cash equivalents                             47,893     119,837
    -------------------------------------------------------------------------
    Restricted Cash                                       27,000           -
    -------------------------------------------------------------------------
    Other Current Assets                                  46,973      35,401
    -------------------------------------------------------------------------
    Total Non Current Assets                             729,700     652,704
    -------------------------------------------------------------------------
    Total Assets                                         851,566     807,942
    -------------------------------------------------------------------------
    Total Current Liabilities                            127,795      78,095
    -------------------------------------------------------------------------
    Total Non Current Liabilities                        377,730     375,682
    -------------------------------------------------------------------------
    Total Liabilities                                    505,525     453,777
    -------------------------------------------------------------------------
    Total Shareholders' equity                           346,041     354,165
    -------------------------------------------------------------------------
    

    RESULTS OF OPERATIONS

    The company reported earnings before interest, tax, depreciation and
amortization (EBITDA) and unrealised gains and losses on hedges in the second
quarter of 2008 of $1.1 million compared to $2.8 million in the same period of
2007.
    This result was characterised by higher gold sales revenue from increased
production at Macraes open pit, Reefton and Frasers Underground mines and an
increased average realised gold price. However, more than offsetting this were
increases in expenses due to higher consumable commodity costs. Earnings were
also impacted by the timing of waste stripping, increased depreciation and
amortisation expenses associated with the start of the Reefton and Frasers
Underground mines and amortisation of capitalised stripping costs. Increased
interest costs associated with higher levels of debt and an unrealised foreign
exchange loss on cash balances also impacted the result.

    Sales Revenue
    -------------
    Gold sales revenue in the second quarter exceeded the comparative quarter
in 2007 by 134% or $30.4 million due to gold sales volume of 58,831 ounces,
augmented by a 29% increase in the average gold price received.
    Overall gold sales volume was 54% higher than the same quarter of 2007.
This was due to increased production from the Macraes open pit mine, the
commissioning of the Frasers Underground mine, increased contribution from the
Reefton mine and improved gold recoveries.
    Sales revenue was further augmented by the 29% increase in the average
gold price to $902 per ounce sold. In combination with higher spot gold
prices, gold forward sales contracts, which would otherwise have been due for
settlement in the second quarter, have been deferred to the third quarter of
2008. During the quarter all gold was sold into the spot market compared to
72% in the equivalent quarter of 2007.
    On a year-to-date basis sales revenue was 165% higher at $115.3 million
due to higher gold volumes and 37% increase in the average gold price
received.

    Unrealized Hedge Losses
    -----------------------
    In the second quarter of 2008 unrealized hedge losses recorded in the
Income Statement were $10.3 million compared with a gain of $30.7 million in
the same quarter of 2007.
    Year to date unrealized hedge losses recorded in the Income Statement
were $31.6 million compared with a gain of $15.3 million in the same period of
2007.
    These unrealised losses are a function of movements in the spot gold
price. Additionally, the unrealized hedge gains or losses required to be
brought to account do not represent a realized gain or loss incurred by
OceanaGold and therefore have no influence upon the cash revenue generated in
the period. The accounting for unrealized hedges does not reflect their real
value in terms of locking in a future price that exceeds the cost of
production, or their value as a prudent approach to risk management.
    The derivative instruments used to manage the risk of adverse movements
in gold prices and foreign exchange rates are discussed below under "Current
and non-current derivative liabilities".

    Operating Costs & Margins
    -------------------------
    Cash costs per ounce sold were $197 higher in the second quarter of 2008
compared to the same quarter of 2007. This is a result of sharp increases in
the market price of electricity, rising diesel fuel prices and the timing of
capital waste stripping activities. Cash costs were also negatively effected
by the continued strength of the New Zealand dollar which has increased the
cost per ounce expressed in US$ terms.
    For the first half year of 2008 cash costs per ounce sold were $131
higher than the same period of 2007 at $611 per ounce. This was driven by same
cost impacts noted above and the strength of the New Zealand dollar.
    The increased average gold price received more than offset the cash cost
per ounce increase and resulted in an increased cash operating margin of $161
per ounce in the quarter and $300 per ounce in the half year. This represents
a 5% and 64% increase on the cash operating margins of the comparative periods
of 2007.
    The increased margin delivered earnings before interest, tax,
depreciation & amortisation (excluding unrealized hedge losses) of $1.1
million in the quarter and $22.8 million in the half year compared to $2.8
million and $8.2 million in the same periods of 2007 respectively.
    These results were both negatively impacted by unrealised foreign
exchange losses on cash holdings. This impact was $4.3 million in the quarter
and $8.0 million in the half year.
    This loss is a result of the functional currency of the group being
Australian dollars (AUD) notwithstanding that the financial statements of the
group are presented in US dollars. US dollar cash holdings are required to be
re-valued in AUD terms at period end which has resulted in recognizing a loss
as the US dollar has weakened against the AUD in the period.

    Depreciation and Amortization
    -----------------------------
    Depreciation and amortization charges are calculated on a units of
production basis and are consequently higher in the first quarter and half
year of 2008 compared with the comparative periods of 2007.
    In addition, the commissioning of both Reefton and Frasers Underground
mines and the commencement of depreciation of these assets, together with the
amortisation of deferred waste stripping costs has further increased the
charges.
    In the quarter, the new mines have added $5.2 million to depreciation &
amortization expense and the amortisation of deferred stripping costs has
added $3.6 million.
    In the half year, the start up of the new mines has added $9.8 million
and the amortisation of deferred stripping costs has added $9.0 million to
depreciation & amortisation expense.

    Interest expense
    ----------------
    The increased interest expense in the quarter and half year is a result
of the higher levels of net debt carried by OceanaGold compared with the same
periods of 2007.
    This debt mainly relates to the convertible notes issued in 2006 and
2007, adding $1.2 million in interest for the quarter and $3.4 million for the
half year, additional equipment lease liabilities, together adding a further
$0.3 million for the quarter and $1.2 million for the half year and the impact
of the weaker US dollar.

    Net earnings/(loss)
    -------------------
    The company reported total loss after tax in the first quarter of 2008 of
$19.2 million compared with a profit after tax of $16.5 million in the same
quarter of 2007. The impact of unrealised hedge gains and losses was
influential in both periods. EBITDA is an alternative and more relevant
measure of performance in each period.
    The company produced EBITDA (excluding unrealised hedge losses) of
$1.1 million in the quarter, compared with $2.8 million in the same period of
2007.
    For the half year the company produced EBITDA (excluding unrealised hedge
losses) of $22.8 million, compared with $8.2 million in the same period of
2007.
    As detailed above, the EBITDA for the quarter and year was primarily the
net result of higher gold production from the combined operations and the
increased average realised gold price received offset by higher cash costs and
unrealised foreign exchange losses.

    DISCUSSION OF CASH FLOWS

    Operating Activities
    --------------------
    Cash inflows from operating activities were higher in the second quarter
of 2008 compared to the same quarter of 2007 as a result of the increased gold
sales revenue and a reduction in working capital, partially offset by
increased cash operating costs and an increase in net interest payments
associated with the higher debt levels.
    Cash inflows from operating activities for the half year ending 30 June
2008 were likewise higher than in the same period of 2007 as a result of
higher EBITDA of $22.8m and reduced working capital offset by higher net
interest payments.

    Financing Activities
    --------------------
    Cash flows from financing activities in the quarter were a net outflow of
$11.6 million. This was comprised of a $9.2 million part repayment of the
project debt facility and a $2.4 million repayment of finance lease
liabilities.
    Financing cash outflow for the first half of 2008 was only slightly
higher at $14.0 million due to additional lease liability repayments in the
first quarter.

    Investing Activities
    --------------------
    Cash outflows due to investing activities in the second quarter and half
year were principally for the construction and development of the Didipio
Project in the Philippines and totalled $26.9 million and $40.8 million
respectively
    Expenditure was also incurred in the quarter and half year on
pre-stripping at the NZ operations ($6.4 million in the second quarter and
$20.7 million in the half year) An additional $4.4 million was spent in the
quarter ($8.1 million in the half year) on sustaining capital, exploration and
further development of the Frasers Underground mine.
    Also included in investing cash flows is a $27.0 million transfer of cash
into a restricted bank account to provide security for the rolling forward of
gold forward sales contracts to the third quarter of 2008.

    DISCUSSION OF FINANCIAL POSITION AND LIQUIDITY

    Company's funding and capital requirements

    The Company expects to continue to fund its operations and development
through a combination of the cash & restricted cash balances as at June 30,
2008 of $74.9 million, cash flow from operations (including sales through
derivative instruments), from various financing facilities, from the exercise
of listed share options, or from the capital markets.
    Current financing facilities available to the group include finance lease
facilities of NZ$80.5 million of which NZ$73.1 million has been drawn and a
fully drawn NZ$29 million project debt facility. In addition a consortium of
banks provides a 528,177 ounce hedging facility, secured by a pledge of the
assets of OceanaGold NZ Ltd.
    The Company's principal requirements for cash over the next twelve months
will be for the development of the Didipio Project in the Philippines.

    Capital commitments

    OceanaGold's existing capital commitments as at June 30, 2008 are as
follows:

    
    -------------------------------------------------------------------------
                                                             $'000
                                                             (less     $'000
                                                   $'000     than)     1 - 5
                                                   Total    1 year     years
    -------------------------------------------------------------------------
    Capital commitments                           26,651    26,621        30
    -------------------------------------------------------------------------
    

    Financial position

    Total Current Assets
    --------------------
    Total current assets have fallen by $33.4 million since December 2007.
This is the net result of reductions in cash and inventories partially offset
by an increase in future income tax assets due to the increase in derivative
liabilities and carried forward tax losses and an increase in trade
receivables.

    Total Non Current Assets
    ------------------------
    The increase of $77.0 million was driven by increased Mining Asset
balances resulting from the mine development activities at the Didipio Gold
and Copper project and the pre-stripping and sustaining capital activities at
the New Zealand mines. In addition, the depreciation in the U.S. dollar has
generated material foreign currency translation differences related to
Property, Plant and Equipment and Mining Assets.

    Total Current Liabilities
    -------------------------
    The increase of $49.7 million in the half year to June 30, 2008 was
driven by a $31.1 million increase in the current unrealised derivative
liability balances due to the increase in the spot price of gold. There was
also an increase in accounts payable due to the timing of creditor payments
and interest bearing liabilities due to the reclassification of part of the
project debt facility to current and due to the depreciation of the U.S.
dollar.

    Total Non Current Liabilities
    -----------------------------
    The increase of $2.0 million in the quarter was driven by $6.0 million
increase in future income tax liabilities related to capital expenditure
deductions in NZ offset by a reduction in the non current derivatives balance
due to reclassification to current derivatives.

    Current and non-current derivative liabilities
    ----------------------------------------------
    OceanaGold currently maintains some derivative instruments to manage the
risk of adverse movements in gold prices and foreign exchange rates.
    Primary instruments are undesignated forward gold sales contracts for
over 319,788 ounces (2007: 319,788 ounces) at NZ$777, undesignated gold put
options over 208,389 ounces (2007: 248,538 ounces) with an average exercise
price of NZ$1,000 and undesignated gold call options sold over 104,024 ounces
(2007: 104,024 ounces) of forecast 2010 production with an average exercise
price of NZ$1,062.

    A summary of OceanaGold's derivatives is set out below:

    
                                                          Jun 30      Dec 31
                                                            2008        2007
                                                           $'000       $'000

    Current Assets
    Gold put options                                         480       1,084
                                                     ------------------------

    Non Current Assets
    Gold put options                                       2,414       4,097
                                                     ------------------------
                                                           2,894       5,181
    Current Liabilities
    Gold forward sales contracts                          61,475      30,402

    Non Current Liabilities
    Gold forward sales contracts                          58,520      67,322
    Gold call options                                     26,769      20,894
                                                     ------------------------
                                                         146,764     118,618
                                                     ------------------------
    Net Liabilities                                      143,870     113,437
                                                     ------------------------
    


    Shareholders' Equity
    --------------------

    A summary of OceanaGold's changes in shareholders' equity is set out
below:

    
                                                             Half year ended
                                                                June 30 2008
                                                                       $'000
                                                     ------------------------
    Total equity at beginning of financial period                    354,165
                                                     ------------------------
    Profit/(loss) after income tax                                   (30,404)
    Movement in other comprehensive income                            21,419
    Movement in contributed surplus                                      861
                                                     ------------------------
    Total equity at end of financial period                          346,041
                                                     ------------------------
    

    Shareholders' equity has decreased to $346.0 million as at June 30, 2008
primarily as a result of the loss incurred during the half year. This was
partially offset by the movement in other comprehensive income driven by
currency translation differences.

    CRITICAL ACCOUNTING ESTIMATES AND
    ACCOUNTING POLICIES

    The accounting policies that involve significant management judgement and
estimates are discussed in this section. For a complete list of the
significant accounting policies, reference should be made to Note 1 of the
2007 audited consolidated financial statements of OceanaGold Corporation.

    Exploration and Evaluation Expenditure

    Exploration and evaluation expenditure is stated at cost and is
accumulated in respect of each identifiable area of interest.
    Such costs are only carried forward to the extent that they are expected
to be recouped through the successful development of the area of interest (or
alternatively by its sale), or where activities in the area have not yet
reached a stage which permits a reasonable assessment of the existence or
otherwise of economically recoverable resources, and active work is
continuing.
    Accumulated costs in relation to an abandoned area are written off to the
Statement of Earnings in the period in which the decision to abandon the area
is made.
    A regular review is undertaken of each area of interest to determine the
appropriateness of continuing to carry forward costs in relation to that area
of interest.

    Mining Properties in Production or Under Development

    Expenditure relating to mining properties in production (including
exploration, evaluation and development expenditure) are accumulated and
brought to account at cost less accumulated amortisation in respect of each
identifiable area of interest. Amortisation of capitalised costs, including
the estimated future capital costs over the life of the area of interest, is
provided on the production output basis, proportional to the depletion of the
mineral resource of each area of interest expected to be ultimately
economically recoverable.
    A regular review is undertaken of each area of interest to determine the
appropriateness of continuing to carry forward costs in relation to that area
of interest. Should the carrying value of expenditure not yet amortised exceed
its estimated recoverable amount, the excess is written off to the Statement
of Earnings.

    Asset Retirement Obligations

    OceanaGold recognises the fair value of a future asset retirement
obligation as a liability in the period in which it incurs a legal obligation
associated with the retirement of tangible long-lived assets that results from
the acquisition, construction, development and/or normal use of the assets.
OceanaGold concurrently recognises a corresponding increase in the carrying
amount of the related long-lived asset that is depreciated over the life of
the asset. The key assumptions on which the fair value of the asset retirement
obligations are based include the estimated future cash flow, the timing of
those cash flows and the credit-adjusted risk-free rate or rates on which the
estimated cash flows have been discounted. Subsequent to the initial
measurement the liability is accreted over time through periodic charges to
earnings. The amount of the liability is subject to re-measurement at each
reporting period if there has been a change to certain of the key assumptions.

    Asset Impairment Evaluations

    The carrying values of exploration, evaluation, development costs and
plant and equipment are reviewed for impairment when events or changes in
circumstances indicate the carrying value may not be recoverable. If any such
indication exists and where the carrying value exceeds the undiscounted future
cash flows from these assets, the assets are written down to the fair value of
the future cash flows based on OceanaGold's average cost of borrowing.

    Stock Option Pricing Model

    Stock options granted to employees or external parties are measured by
reference to the fair value at grant date and are recognised as an expense in
equal instalments over the vesting period and credited to the contributed
surplus account. The expense is determined using an option pricing model that
takes into account the exercise price, the term of the option, the impact of
dilution, the non-tradable nature of the option, the current price and
expected volatility of the underlying share, the expected dividend yield and
the risk free interest rate for the term of the option.

    Income Tax

    The Group follows the liability method of income tax allocation. Under
this method, future tax assets and liabilities are determined based on
differences between the financial reporting and tax bases of assets and
    liabilities and are measured using the substantially enacted tax rates
and laws that will be in effect when the differences are expected to reverse.
A valuation allowance is provided to the extent that it is more likely than
not that those future income tax assets will not be realised.

    ESTIMATES, RISKS AND UNCERTAINTIES

    The preparation of financial statements, in conformity with Canadian
GAAP, requires management to make estimates and assumptions that affect the
amounts reported in the consolidated financial statements and related notes.
Significant areas where management's judgment is applied include ore reserve
and resource determinations, exploration and evaluation assets, mine
development costs, plant and equipment lives, contingent liabilities, current
tax provisions and future tax balances and asset retirement obligations.
Actual results may differ from those estimates.
    In addition, this document contains some forward looking statements that
involve risks, uncertainties and other factors that could cause actual
results, performance, prospects and opportunities to differ materially from
those expressed or implied by those forward looking statements. Factors that
could cause actual results or events to differ materially from current
expectations include, among other things: volatility and sensitivity to market
prices for gold; replacement of reserves; procurement of required capital
equipment and operating parts and supplies; equipment failures; unexpected
geological conditions; political risks arising from operating in certain
developing countries; inability to enforce legal rights; defects in title;
imprecision in reserve estimates; success of future exploration and
development initiatives; operating performance of current operations;
environmental and safety risks; seismic activity, weather and other natural
phenomena; failure to obtain necessary permits and approvals from government
authorities; changes in government regulations and policies including tax and
trade laws and policies; ability to maintain and further improve labour
relations and other development and operating risks.

    FOREIGN CURRENCY TRANSLATION

    The consolidated financial statements are expressed in United States
dollars ("US$") and have been translated to US$ using the current rate method
described below. The controlled entities of OceanaGold have either Australian
dollars ("A$") or New Zealand dollars ("NZ$") as their functional currency.
    OceanaGold employs the current rate method of translation for its
self-sustaining operations. Under this method, all assets and liabilities are
translated at the period end rates and all revenue and expense items are
translated at the average exchange rates for recognition in income.
Differences arising from these foreign currency translations are recorded in
shareholders' equity as a cumulative translation adjustment until they are
realized by a reduction in the net investment.
    OceanaGold employs the temporal method of translation for its integrated
operations. Under this method, monetary assets and liabilities are translated
at the period end rates and all other assets and liabilities are translated at
applicable historical exchange rates. Revenue and expense items are translated
at the rate of exchange in effect at the date the transactions are recognized
in income, with the exception of depreciation and amortization which is
translated at the historical rate for the associated asset. Exchange gains and
losses and currency translation adjustments are included in income.

    CHANGES IN ACCOUNTING POLICIES INCLUDING INITIAL ADOPTION

    There have been no material changes from the accounting policies detailed
in Note 1 of the 2007 audited consolidated financial statements of OceanaGold
Corporation.

    SUMMARY OF QUARTERLY RESULTS OF OPERATIONS

    The following table sets forth unaudited information for each of the
eight quarters ended September 30, 2006 through to June 30, 2008. This
information has been derived from our unaudited consolidated financial
statements which, in the opinion of management, have been prepared on a basis
consistent with the audited consolidated financial statements and include all
adjustments, consisting only of normal recurring adjustments, necessary for
fair presentation of our financial position and results of operations for
those periods.

    
    -------------------------------------------------------------------------
                                        Sep 30    Dec 31    Mar 31    Jun 30
                                          2006      2006      2007      2007
    -------------------------------------------------------------------------
                                        $ '000    $ '000    $ '000    $ '000

    Gold sales                          25,827    21,635    20,769    22,644
    EBITDA (excluding unrealized
     gain/(loss) on hedges)              5,730       975     5,404     2,787
    Earnings/(loss) after income tax
     and before unrealised gain/(loss)
     on hedges                           1,038      (536)     (300)   (4,066)

    Net earnings/(loss)                  8,540    (2,431)  (10,656)   16,510

    Net earnings
     per share
    Basic                                $0.12    ($0.02)   ($0.08)    $0.12
    Diluted                              $0.11    ($0.02)   ($0.08)    $0.11
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
                                        Sep 30    Dec 31    Mar 31    Jun 30
                                          2007      2007      2008      2008
    -------------------------------------------------------------------------
                                        $ '000    $ '000    $ '000    $ '000

    Gold sales                          24,367    36,615    62,263    53,068
    EBITDA (excluding unrealized
     gain/(loss) on hedges)             (8,522)    9,057    21,690     1,131
    Earnings/(loss) after income tax
     and before unrealised gain/(loss)
     on hedges                         (16,169)   (5,880)    3,783   (12,051)

    Net earnings/(loss)                (47,730)  (27,162)  (11,156)  (19,248)

    Net earnings
     per share
    Basic                               ($0.30)   ($0.17)   ($0.07)   ($0.12)
    Diluted                             ($0.30)   ($0.17)   ($0.07)   ($0.12)
    -------------------------------------------------------------------------
    

    The most significant factors causing variation in the results are the
commissioning of both the Reefton open pit and Frasers underground mines, the
variability in the grade of ore mined from the Macraes open pit mine and
variability of cash cost of sales due to the timing of waste stripping
activities. In addition the volatility of the gold price has a significant
impact both in terms of its influence upon gold sales revenue and its impact
upon unrealised gains/(losses) on hedges.

    NON-GAAP MEASURES

    Throughout this document, we have provided measures prepared according to
Canadian generally accepted accounting principles ("GAAP"), as well as some
non-GAAP performance measures. Because non-GAAP performance measures do not
have any standardized meaning prescribed by GAAP, they are unlikely to be
comparable to similar measures presented by other companies.
    We provide these non-GAAP measures as they are used by some investors to
evaluate OceanaGold's performance. Accordingly, such non-GAAP measures are
intended to provide additional information and should not be considered in
isolation, or a substitute for measures of performance in accordance with
GAAP.
    Earnings before interest, tax, depreciation and amortization (EBITDA) is
one such non-GAAP measure and a reconciliation of this measure to net
earnings/(loss) is provided on page 10.
    Cash and non cash costs per ounce are other such non-GAAP measures and a
reconciliation of these measures to cost of sales including depreciation and
amortisation is provided below.

    
    -------------------------------------------------------------------------
                                 Quarter     Quarter   Half Year   Half Year
                                   Ended       Ended       Ended       Ended
                                  Jun 30      Jun 30      Jun 30      Jun 30
                                    2008        2007        2008        2007
    -------------------------------------------------------------------------
                                  $ '000      $ '000      $ '000      $ '000
    Cost of sales, excluding
     depreciation and
     amortisation                 42,953      17,316      75,953      30,749
    Depreciation and
     amortisation                 12,050       6,533      26,254       9,980

    Total cost of sales           55,003      23,849     102,207      40,729

    Add operating general &
     administration                  630         148       1,369         861
    Less selling costs              (112)        (92)       (238)       (244)

    Total operating cost of
     sales                        55,521      23,905     103,338      41,346

    Gold Sales from operating
     mines (ounces)               58,831      32,469     126,555      65,348
    Total Operating Cost
     ($ per ounce)                   944         736         817         632
    Less Non-Cash Cost
     ($ per ounce)                   203         192         206         152

    Cash Operating Cost
     ($ per ounce)                   741         544         611         480
    

    ADDITIONAL INFORMATION

    Additional information referring to the Company, including the Company's
Annual Information Form, is available on SEDAR at www.sedar.com.

    DISCLOSURE CONTROLS AND PROCEDURES

    The Chief Executive Officer and Chief Financial Officer evaluated the
effectiveness of the Company's disclosure controls and procedures as at June
30, 2008. Based on that evaluation, the Chief Executive Officer and the Chief
Financial Officer concluded that the design and operation of these disclosure
controls and procedures were effective as at June 30, 2008 to provide
reasonable assurance that material information relating to the Company,
including its consolidated subsidiaries, would be made known to them by others
within those entities.

    INTERNAL CONTROL OVER FINANCIAL REPORTING

    As at December 31, 2007 and June 30, 2008, the Chief Executive Officer
and Chief Financial Officer evaluated the design of the Company's internal
control over financial reporting. Based on that evaluation, the Chief
Executive Officer and the Chief Financial Officer concluded that the design of
internal control over financial reporting was effective as at those dates to
provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in
accordance with Canadian GAAP.

    REVIEW BY AUDITORS

    The unaudited interim consolidated financial statements for the quarter
ended June 30, 2008 have been reviewed in accordance with Canadian generally
accepted standards for a review of interim financial statements by the
company's auditor, PricewaterhouseCoopers. Such an interim review consists
principally of applying analytical procedures to financial data, and making
enquiries of, and having discussion with, persons responsible for financial
and accounting matters. An interim review is substantially less in scope than
an audit, whose objective is the expression of an opinion regarding the
financial statements; accordingly, they do not express such an opinion. An
interim review does not provide assurance that they would become aware of any
or all significant matters that might be identified in an audit.

    FULL COMPANY RELEASE

    To view the full company release, including images please refer to the
company's website www.oceanagold.com.





For further information:

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


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890