OceanaGold - Update on North American Listing - Listing on TSX & Filing of Final Prospectus


    MELBOURNE, Australia, June 28 /CNW/ - OceanaGold Corporation
("OceanaGold") is pleased to announce that it has completed its listing on the
Toronto Stock Exchange ("TSX") and is now trading on the TSX, the Australian
Stock Exchange ("ASX") and New Zealand Exchange Limited ("NZX") under the
symbol "OGC".
    OceanaGold is also pleased to announce that on 27 June 2007, it filed
with the Canadian securities regulatory authorities a final prospectus in
respect of its initial public offering of 25,715,000 common shares for
aggregate gross proceeds of C$90,002,500 at C$3.50 per common share. The issue
of these common shares was approved by the shareholders of Oceana Gold Limited
at the general meeting on 8 June 2007. The syndicate of underwriters
participating in the offering is led by BMO Capital Markets and also includes
Austock Corporate Finance Limited, Haywood Securities Inc. and Westwind
Partners Inc. OceanaGold has also granted the underwriters an over-allotment
option to purchase an additional 3,857,250 common shares at C$3.50 per common
share exercisable up to 30 days following closing of the offering, which is
expected to be on or about 5 July 2007. A copy of the final prospectus is
available from SEDAR under "OceanaGold Corporation".
    OceanaGold plans to use the net proceeds of the offering primarily for
the development of the Didipio Gold Copper Project in the Philippines.

    This release does not constitute an offer to sell securities, nor is it a
solicitation of an offer to buy securities, in any jurisdiction. All sales
will be made through registered securities dealers in jurisdictions where the
offering has been qualified for distribution. The securities offered are not,
and will not be, registered under the securities laws of the United States of
America, nor any state thereof and may not be sold in the United States of
America absent registration in the United States or the availability of an
exemption from such registration.

    The Toronto Stock Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

For further information:

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

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