OceanaGold supports police investigation at Didipio project



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

    MELBOURNE, Australia, March 27 /CNW/ - OceanaGold Corporation which is
currently constructing the Didipio Gold-Copper project in Luzon in partnership
with the Government of The Philippines supports the police investigation into
an incident in which a person was shot and wounded following an encounter with
a member of an independent security contractor.
    Mr. Emilio Pumihic suffered a superficial gunshot wound to the upper arm
following a skirmish between himself and members of an independent security
firm at the Didipio project on March 22nd. Mr. Pumihic was taken to hospital
by company employees where he received treatment and later discharged.
    Mr. Pumihic had earlier disregarded warnings from members of the
Philippine National Police (PNP) and the independent security firm to leave
the area where site construction civil works are in progress and then
threatened the group with a knife.
    "We are assisting the Philippine National Police (PNP) in their
investigation of this incident." said Darren Klinck, Vice-President, Corporate
& Investor Relations for OceanaGold.
    "We are pleased that this unfortunate incident did not result in major
injury to employees at the site or Mr. Pumihic and that OceanaGold employees
acted quickly to ensure Mr. Pumihic received the necessary medical attention,"
Mr Klinck added.
    Immediately following the incident the Company initiated an internal
investigation of the incident under its Health and Safety Policy. Furthermore,
in line with OceanaGold's Code of Conduct, the Company has engaged an
independent firm with offices in Australia and The Philippines to conduct an
internal review of company procedures prior, during, and after the incident
took place.

    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 scheduled for commissioning in H1 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 the symbol "OGC".

    Cautionary Statement

    Statements in this release may be viewed as forward-looking statements.
Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance (often, but not always, using
words or phrases such as "expects" or "does not expect", "is expected",
"anticipates" or "does not anticipate", "plans", "estimates" or "intends", or
stating that certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved) are not statements of
historical fact and may be forward-looking statements. Forward-looking
statements are subject to a variety of risks and uncertainties which could
cause actual events or results to differ from those reflected in the
forward-looking statements. There are no assurances the Company can fulfil
such forward-looking statements and the Company undertakes no obligation to
update such statements. Such forward-looking statements are only predictions;
actual events or results may differ materially as a result of risks facing the
Company, some of which are beyond the Company's control.

    %SEDAR: 00025328E




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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