OceanaGold Didipio Project Community Update



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

    MELBOURNE, Australia, July 15 /CNW/ - Recent Philippine media articles
purport that an inquiry by the Philippine Commission on Human Rights is being
conducted into the Didipio development project. OceanaGold has received no
correspondence or invitation to participate in any Philippines Commission on
Human Rights (CHR) inquiry. However, we will continue to have ongoing
discussions with the many interested government agencies regarding the Didipio
project.
    OceanaGold continues to abide by the terms and conditions of our FTAA
permit and Philippine laws and regulations for the Didipio Gold Copper
project. The Company is actively engaged with our many stakeholders at the
local, provincial, and national level. OceanaGold will continue to develop and
deliver capacity building programs and fund education and medical services in
the local communities of Northern Luzon.
    As OceanaGold has advanced the development of the Didipio project, the
Company has received oppositional commentary from some local media. OceanaGold
believes that many of the remarks from various parties are not representative
of the majority opinion of stakeholder groups. It appears that they are often
driven by groups with agendas that are not sympathetic with ethical,
responsible, and sustainable mineral development. In addition, there are also
those who are philosophically opposed to mineral resource development even if
it is conducted in a manner to deliver maximum benefit to the broadest group
of stakeholders.
    While there are some people and organizations that are not supportive of
extractive resource projects in general, the Company continues to receive
strong majority support from our many local, national and international
stakeholders. Additionally, the Didipio project is subject to extensive review
by the Philippine National government and related offices to ensure the
Company is complying with our obligations as their partner on the project.
    OceanaGold has successfully commissioned two new mining operations in New
Zealand over the past two years, one of which is located in a designated
Conservation Area. The Company's management team brings decades of experience
financing, building and operating responsible mining operations around the
world.

    About OceanaGold

    OceanaGold currently operates in the South Island of New Zealand and in
the Philippines. The Company's assets encompass New Zealand's largest gold
mine at Macraes which includes the recently commissioned Frasers Underground
operation, Reefton Gold Mine also in New Zealand and the Didipio Gold-Copper
Project in northern Luzon, Philippines currently under construction.
    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 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