OceanaGold Announces New Appointment


    MELBOURNE, Australia, June 17 /CNW/ - OceanaGold Corporation wishes to
announce the appointment of Mr. Bruce Arnold to the position of Chief
Financial Officer (CFO) effective 20 June 2008. Mr. Arnold is a Chartered
Accountant with over 15 years experience in the mining industry. Most
recently, Bruce was CFO at Agri Energy Limited, a biofuels company and prior
to that was CFO with Ticor Limited, a global mining company focused on TiO(2)
minerals and pigment production.
    Mr. Arnold replaces Ross Glossop who was appointed to CFO in January
2007. Ross is returning to Perth to take up a new appointment in the mining
industry. Steve Orr commented, "I would like to thank Ross for his
contribution to OceanaGold over the past 18 months. He was instrumental in
establishing the Canadian listing as well as raising our reporting standards
to a higher level of compliance. I would like to express my appreciation to
Ross for making the move to Melbourne last year to join OceanaGold and wish
him well upon his return to Perth."
    A recruitment process is underway to confirm a permanent candidate for
the Chief Financial Officer position. Mr. Arnold is filling an interim role
and will be amongst candidates that will be considered.

    Cautionary Statement

    Statements in this release may be viewed as forward-looking statements.
Any statements regarding the impact of future exploration on reserve
estimates; expectations as to the timing and extent of production, estimates
as to the future costs relating to the development of Didipio; or 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.

    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 &
Investor Relations, OceanaGold Corporation, Tel: 61 3 9656 5300

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