OceanaGold Appoints Corporate Advisor


    MELBOURNE, Australia, June 11 /CNW/ - OceanaGold Corporation today
announced that it has appointed Austock Corporate Finance to advise the
Company on its strategic and funding options following the announcement on
12 May 2008 of a revised capital cost for the Didipio Gold Copper project
under construction located in Northern Luzon, Philippines.
    With the assistance of Austock, the Company is pursuing all available
options to maximize shareholder value while continuing to build a sustainable
international gold company.

    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 which is 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; Simon
Heggen, Director, Austock Corporate Finance, Tel: +61 3 8601 2648; James
Andronis, Director, Austock Corporate Finance, Tel: +61 3 8601 2001

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