# OceanaGold Announces Additional High-Grade Drill Results at Haile

- Link: https://www.thailand-business-news.com/pr-news/oceanagold-announces-additional-high-grade-drill-results-at-haile
- Published: 2026-05-12T18:00:00+07:00
- Author: PR Newswire

|   |

VANCOUVER, BC, May 12, 2026 /PRNewswire/ — OceanaGold Corporation (TSX: OGC) (NYSE:
OGC) ("OceanaGold" or the "Company") is pleased to announce high-grade results from
its ongoing exploration and resource conversion drilling program at the Haile Gold
Mine ("Haile") in the United States.

**Drilling Highlights (core length):**

Horseshoe Underground (_conversion and extension drilling_):

 ◦ **15.5 m @ 30.64 g/t Au (UGD0121)**
 ◦ **30.5 m @ 13.86 g/t Au (UGD0113)**
 ◦ **22.5 m @ 13.42 g/t Au (UGD0122)**
 ◦ **18.4 m @ 9.62 g/t Au (UGD0119)**
 ◦ **21.9 m @ 6.48 g/t Au _including 3.7 m @ 23.55 g/t Au _(UGD0120)**
 ◦ **26.3 m @ 3.41 g/t Au and 44.3 m @ 3.72 g/t Au (UGD0107)**

Ledbetter Underground (_conversion drilling_):

 ◦ **27.9 m @ 8.60 g/t Au (DDH1313)**
 ◦ **27.9 m @ 4.16 g/t Au (DDH1319)**
 ◦ **18.4 m @ 3.68 g/t Au (DDH1317)**
 ◦ **13.0 m @ 2.25 g/t Au and 17.1 m @ 8.20 g/t Au (DDH1283)**
 ◦ **2.6 m @ 9.63 g/t Au and 3.3 m @ 40.45 g/t Au (DDH1315)**

Clydesdale (_initial drilling_):

 ◦ **14.5 m @ 15.81 g/t Au _including 4.5 m @ 41.6 g/t Au__ (DDH1305)_**

Gerard Bond, President and CEO of OceanaGold, said "Our ongoing exploration success
at Haile continues to demonstrate our ability to add tremendous value through the
drill bit. At Horseshoe, recent drilling points to reserve growth potential near
existing infrastructure, with mineralization still open in multiple directions. 
Results from Ledbetter are strengthening confidence in down-plunge resource conversion,
and a new significant high-grade intercept at Clydesdale confirms its potential 
as an emerging target area. As development of the Palomino decline progresses, we
look forward to advancing these opportunities with further drilling from underground
in the near term."

 Drill results can be viewed in 3D using VRIFY at the following link:

[https://vrify.com/meetings/recordings/3777660f-584a-43cb-82cc-c8fc9e773b08](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4686291-1&h=2488316439&u=https%3A%2F%2Fvrify.com%2Fmeetings%2Frecordings%2F3777660f-584a-43cb-82cc-c8fc9e773b08&a=https%3A%2F%2Fvrify.com%2Fmeetings%2Frecordings%2F3777660f-584a-43cb-82cc-c8fc9e773b08)

VRIFY note: Drill results reflect only those set forth in OceanaGold’s press release
dated May 12, 2026, and do not include all historical drill results except those
relevant to the current targets in this release.

 [⌊Figure 1: Plan view map showing new drillhole locations.⌉](https://mma.prnasia.com/media2/2977611/OceanaGold_Corporation_OceanaGold_Announces_Additional_High_Grad.jpg?p=medium600)

Figure 1: Plan view map showing new drillhole locations.

**Horseshoe Underground**

The Horseshoe Underground has defined Mineral Reserves (see news release dated February
18, 2026) as well as three discrete zones of mineralization to the southwest (Horseshoe
extensions), known as the upper (surface to 900mRL), middle (900mRl to 730mRL) and
lower (below 730mRL) zones. Notably, all three of these zones are near both existing
and planned underground development infrastructure. Success from the 2025 exploration
program added Inferred Mineral Resources to the upper zone for the first time, while
also expanding the Inferred Mineral Resources in the middle and lower zones. On 
the main Horseshoe orebody, the 2025 resource estimate resulted in conversion of
Inferred to Indicated Mineral Resources in the lower mineralized zones. The 2026
drill program focuses on both resource conversion and extension of the main Horseshoe
orebody and the three zones at Horseshoe extensions.

At Horseshoe extensions (Figure 1), drilling totalling 14 holes for 4,372 m has 
targeted both conversion and extension opportunities. In the upper zone, the results
of two holes – 15.5 m @ 30.64 g/t Au (UGD0121) and 18.4 m @ 9.62 g/t Au (UGD0119),
confirm the continuity of the mineralization. Results from two extension holes in
the upper zone – 21.9 m @ 6.48 g/t Au _including 3.7 m @ 23.55 g/t Au_ (UGD0120)
and 22.5 m @ 13.42 g/t Au (UGD0122), support expansion of the known mineralization
in the area (Figure 2).

Significant results between the middle and lower zones include 25.8 m @ 3.63 g/t
Au (UGD0126) and 16.4 m @ 4.11 g/t Au (UGD0104), extending known mineralization 
to the west (Figure 2). Extensional drilling at the bottom of the lower zone returned
26.3 m @ 3.41 g/t Au and 44.3 m @ 3.72 g/t (UGD0107), adding mineralization at depth
outside of the known resource. The lower zone remains open in multiple directions
with additional follow-up drilling planned in this area (Figure 2).

Since the last resource estimate, conversion drilling totalling 1,258 m in 4 holes
has continued to target conversion of Inferred Mineral Resources in the lower levels
of the main Horseshoe orebody (Figure 2). Notable intercepts include: 12.2 m @ 24.14
g/t Au (UGD0112); and 30.5 m @ 13.86 g/t Au (UGD0113). These results are in-line
with the resource model and are expected to be included the next reserve update.

 [⌊Figure 2: Schematic long section (looking northwest) showing Horseshoe mineralization with recent significant intercepts highlighted.⌉](https://mma.prnasia.com/media2/2977612/OceanaGold_Corporation_OceanaGold_Announces_Additional_High_Grad.jpg?p=medium600)

Figure 2: Schematic long section (looking northwest) showing Horseshoe mineralization
with recent significant intercepts highlighted.

**Ledbetter Underground**

The Company announced in February 2026 a change in the mining method for the final
pit phase of Ledbetter to an underground mining mine. This has expanded the exploration
opportunity at Ledbetter, as mineralization outside the prior pit shell is now potentially
economic.

In 2025, the Company began a drill program targeting known mineralization with the
goal of converting Inferred Mineral Resources and increasing confidence down plunge
of the existing reserve in an area referred to as Lobe 3. Eight holes have been 
drilled since the Company’s news release dated September 11, 2025, with new drilling
totalling 4,306 m. The highlight of the Ledbetter drilling is 27.9 m @ 4.16 g/t 
Au (DDH1319) in Lobe 3, which has infilled a gap in known resources, demonstrating
continuity of high-grade mineralization. To the northeast, holes DDH1315 and DDH1317
targeted the conversion of Inferred Mineral Resources and returned higher grades
than the model predicted, including a result of 18.44 m @ 3.68 g/t Au (DDH1317) (
Figure 3).

 [⌊Figure 3: Plan view level section showing Ledbetter underground mineralization with recent significant intercepts highlighted.⌉](https://mma.prnasia.com/media2/2977613/OceanaGold_Corporation_OceanaGold_Announces_Additional_High_Grad.jpg?p=medium600)

Figure 3: Plan view level section showing Ledbetter underground mineralization with
recent significant intercepts highlighted.

**Advanced Drilling Targets – Clydesdale & Pisces**

The Clydesdale target is located 100 m northwest of Palomino and approximately 300
m stratigraphically lower at approximately 800 m below surface. Drilling continues
at Clydesdale with early-stage exploration results now reporting a second mineralized
intercept showing good width and grade of 14.5 m @ 15.81 g/t Au (DDH1305) (refer
to VRIFY). The Company has now defined two mineralized intercepts in this area (
DDH1282, 6.2 m @ 4.11 g/t Au, previously reported), with additional drilling ongoing
to further define the potential of this new mineralized zone.

The Pisces target is located along the corridor between the Horseshoe and Palomino
deposits at approximately 550 m below surface and close to existing and planned 
underground infrastructure. Drilling at Pisces is ongoing, with ~6,500 m planned.
The work is focused on further understanding the distribution of the high-grade 
mineralization in the area.

**2026 Exploration Program**

There are approximately 34,500 m of drilling planned at Haile for 2026 from both
surface and underground. Drilling will continue to focus on resource conversion 
at Horseshoe Underground, including targeting expansions of the upper, middle and
lower zones to the southwest. At Ledbetter Underground, drilling will continue to
infill and test extensions to Lobe 3. Clydesdale and Pisces drilling will also continue
from surface through the year, with the ability to accelerate the program once the
Palomino decline is in place, providing access to new drill locations at shorter
distances. Results from recent drilling and ongoing refinement of the geologic model
have resulted in a better understanding on the structural controls on mineralization,
allowing for the systematic generation of targets to be explored in the coming years.

**Table 1: Haile drill intersections subsequent to the news release dated September
11, 2025, results update.**

  |

**Drill Hole ID**

  |

**From (m)**

  |

**To (m)**

  |

**Interval (m)\***

  |

**Au (g/t)**

  |

**Target**

  |

**Activity**

  |  
 |

UGD0104

  |

294.7

  |

311.1

  |

16.4

  |

4.11

  |

Horseshoe

  |

Extension

  |  
 |

UGD0107

  |

266.4

  |

292.7

  |

26.3

  |

3.41

  |

Horseshoe

  |

Extension

  |  
 |

And

  |

305.6

  |

349.9

  |

44.3

  |

3.72

  |

Horseshoe

  |

Extension

  |  
 |

UGD0108

  |

NSR

  |

Horseshoe

  |

Extension

  |  
 |

UGD0112

  |

217.9

  |

238.7

  |

20.8

  |

2.06

  |

Horseshoe

  |

Conversion

  |  
 |

And

  |

244.6

  |

256.8

  |

12.2

  |

24.14

  |

Horseshoe

  |

Conversion

  |  
 |

UGD0113

  |

243.2

  |

273.7

  |

30.5

  |

13.86

  |

Horseshoe

  |

Conversion

  |  
 |

UGD0114

  |

267.7

  |

277.9

  |

10.2

  |

1.59

  |

Horseshoe

  |

Conversion

  |  
 |

UGD0115

  |

NSR

  |

Horseshoe

  |

Conversion

  |  
 |

UGD0116

  |

251.6

  |

256.2

  |

4.6

  |

3.20

  |

Horseshoe

  |

Extension

  |  
 |

UGD0117

  |

NSR

  |

Horseshoe

  |

Extension

  |  
 |

UGD0118

  |

233.6

  |

241.3

  |

7.7

  |

1.95

  |

Horseshoe

  |

Extension

  |  
 |

UGD0119

  |

151.6

  |

170.1

  |

18.4

  |

9.62

  |

Horseshoe

  |

Extension

  |  
 |

UGD0120

  |

164.2

  |

186.1

  |

21.9

  |

6.48

  |

Horseshoe

  |

Extension

  |  
 |

_Including_

  |

172.8

  |

176.5

  |

3.7

  |

23.55

  |

Horseshoe

  |

Extension

  |  
 |

UGD0121

  |

185.4

  |

201.9

  |

15.5

  |

30.64

  |

Horseshoe

  |

Extension

  |  
 |

UGD0122

  |

197.5

  |

220.0

  |

22.5

  |

13.42

  |

Horseshoe

  |

Extension

  |  
 |

UGD0123

  |

NSR

  |

Horseshoe

  |

Extension

  |  
 |

UGD0124

  |

NSR

  |

Horseshoe

  |

Extension

  |  
 |

UGD0125

  |

NSR

  |

Horseshoe

  |

Extension

  |  
 |

UGD0126

  |

308.0

  |

333.8

  |

25.8

  |

3.63

  |

Horseshoe

  |

Extension

  |  
 |

_Including_

  |

325.6

  |

326.4

  |

0.9

  |

42.30

  |

Horseshoe

  |

Extension

  |  
 |

DDH1305

  |

797.0

  |

811.5

  |

14.5

  |

15.81

  |

Clydesdale

  |

Initial Drilling

  |  
 |

_Including_

  |

797.0

  |

801.4

  |

4.5

  |

41.60

  |

Clydesdale

  |

Initial Drilling

  |  
 |

DDH1318

  |

NSR

  |

Clydesdale

  |

Initial Drilling

  |  
 |

DDH1283

  |

466.5

  |

479.5

  |

13.0

  |

2.25

  |

Ledbetter 04

  |

Conversion

  |  
 |

And

  |

494.5

  |

511.6

  |

17.1

  |

8.20

  |

Ledbetter 04

  |

Conversion

  |  
 |

_Including_

  |

502.5

  |

506.8

  |

4.3

  |

16.24

  |

Ledbetter 04

  |

Conversion

  |  
 |

DDH1309

  |

NSR

  |

Ledbetter 04

  |

Conversion

  |  
 |

DDH1311

  |

485.9

  |

491.8

  |

5.9

  |

3.66

  |

Ledbetter 04

  |

Conversion

  |  
 |

DDH1312

  |   |   |

NSR

  |   |

Ledbetter 04

  |

Conversion

  |  
 |

DDH1313

  |

486.6

  |

514.5

  |

27.9

  |

8.60

  |

Ledbetter 04

  |

Conversion

  |  
 |

_Including_

  |

486.6

  |

490.8

  |

4.2

  |

23.11

  |

Ledbetter 04

  |

Conversion

  |  
 |

_Including_

  |

508.9

  |

511.5

  |

2.6

  |

15.67

  |

Ledbetter 04

  |

Conversion

  |  
 |

DDH1315

  |

489.0

  |

491.6

  |

2.6

  |

9.63

  |

Ledbetter 04

  |

Conversion

  |  
 |

And

  |

498.1

  |

501.4

  |

3.3

  |

40.45

  |

Ledbetter 04

  |

Conversion

  |  
 |

_Including_

  |

498.1

  |

499.9

  |

1.8

  |

73.70

  |

Ledbetter 04

  |

Conversion

  |  
 |

DDH1317

  |

489.5

  |

508.0

  |

18.4

  |

3.68

  |

Ledbetter 04

  |

Conversion

  |  
 |

DDH1319

  |

456.1

  |

484.0

  |

27.9

  |

4.16

  |

Ledbetter 04

  |

Conversion

  |  
 |

DDH1295

  |

NSR

  |

Pisces

  |

Extension

  |  
 |

DDH1298

  |

NSR

  |

Pisces

  |

Extension

  |  
 |

UGD0109

  |

NSR

  |

Pisces

  |

Extension

  |  
 |

UGD0110

  |

NSR

  |

Pisces

  |

Extension

  |  
 |

UGD0111

  |

NSR

  |

Pisces

  |

Extension

  |  
 |

DDH1307

  |

NSR

  |

Pisces

  |

Extension

  |  
 |

DDH1316

  |

656.1

  |

672.5

  |

16.4

  |

2.68

  |

Pisces

  |

Extension

  |  
 |   |   |   |   |   |   |   |   |

**\*Notes:** **Intervals are down hole core length, true widths have not been determined."
Initial Drilling" intercepts are associated with early-stage exploration drilling,"
Extension" drilling intercepts are intercepts outside the current resource model
shell directed at defining mineralization to an Inferred Mineral Resource category
and "Conversion" drilling intercepts are intercepts converting Inferred Mineral 
Resources to Indicated Mineral Resources category. NSR = No Significant Result.**

For further information relating to drill hole data, please refer to the Company’s
website at [https://oceanagold.com/operations/additional-drillhole-data](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4686291-1&h=743728646&u=https%3A%2F%2Foceanagold.com%2Foperations%2Fadditional-drillhole-data&a=https%3A%2F%2Foceanagold.com%2Foperations%2Fadditional-drillhole-data).

**About OceanaGold**

OceanaGold is a global intermediate gold and copper producer committed to safely
and responsibly maximizing the generation of Free Cash Flow from our operations 
and delivering strong returns for our shareholders. We have a portfolio of four 
operating mines: the wholly-owned Haile Gold Mine in the United States of America;
the wholly-owned Macraes and Waihi operations in New Zealand; and the 80%-owned 
Didipio Mine in the Philippines.

**For further information please contact:**

**Investor Relations: **

Rebecca Henare, VP, Investor Relations
Tel: +1 604-678-4095[ir@oceanagold.com](https://www.thailand-business-news.com/pr-news/ir@oceanagold.com)

Valerie Burns, Manager, Investor Relations
Tel: +1 604-235-0742[ir@oceanagold.com](https://www.thailand-business-news.com/pr-news/ir@oceanagold.com)

**Media Relations: **

Louise Burgess, VP, Communications
Tel: +1 604-403-2019[media@oceanagold.com](https://www.thailand-business-news.com/pr-news/media@oceanagold.com)

**Qualified Person Statement**

The scientific and technical information in this press release has been reviewed
and approved by Mr. Keenan Jennings, a qualified person under National Instrument
43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities
Administrators ("NI 43-101"). Mr. Jennings is the EVP, Chief Exploration Officer
of OceanaGold.

**Quality Assurance and Quality Control ("QA/QC")**

From July 2017 to 2025, almost all Haile exploration core samples have been prepared
at the ALS lab in Tucson, Arizona, and analyzed at the ALS lab in Reno, Nevada, 
each of which is independent from OceanaGold. Select resource conversion core samples
were also prepared and analyzed at the SGS lab in Kershaw, South Carolina in 2025,
which is also independent from OceanaGold, with confirmation pulp duplicates sent
to the ALS lab in Reno, Nevada. Samples are pulverized from a 250g (ALS) or 450g(
SGS) sample to 85% passing 75 mesh. Approximately 225g of pulp sample is used for
fire assay. Assays are based on a 30g fire assay aliquot for gold with Atomic Absorption
finish. If the gold value from Atomic Absorption is >10g/t, an additional 30g of
pulp sample is fire assayed for gold using a gravimetric finish.

Some holes are composited and analyzed for carbon, sulphur and multi-elements using
LECO and ICP-OES methods. Both ALS and SGS labs used for OceanaGold samples are 
ISO 17025 certified.

Blanks and standards are each inserted every 20th sample. Precision and accuracy
of certified reference materials ("CRMs") compared to expected values have been 
consistently within 5% RSD and often within 3%. Barren marble and sand are inserted
as blanks every 20th sample. CRMs from RockLabs and OREAS are inserted every 20th
sample (5%). All blanks and CRMs are handled by the OceanaGold Geology Team and 
are stored in the locked OceanaGold office.

All drill hole samples are handled and transported from the drill rigs to the secured
Haile Exploration warehouse by OceanaGold personnel or contractors. Access to the
property is controlled by locked doors and cameras monitored by OceanaGold security.
The main gate requires an electronic employee badge to enter. Samples are packaged
at the Haile Exploration warehouse by OceanaGold geologists and geotechnicians. 
Samples are trucked in sealed plastic barrels by certified couriers with submittal
forms that are verified during sample pick-up and delivery to ALS. No sample shipments
have been recorded as missing or tampered with.

**Technical Report**

For further information, please refer to the following NI 43-101 technical report
available on the SEDAR+ website at [www.sedarplus.ca](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4686291-1&h=163784225&u=http%3A%2F%2Fwww.sedarplus.com%2F&a=www.sedarplus.ca)
under the Company’s profile or on the Company’s website at [www.oceanagold.com](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4686291-1&h=3479149126&u=http%3A%2F%2Fwww.oceanagold.com%2F&a=www.oceanagold.com):"
NI 43-101 Technical Report Haile Gold Mine Lancaster County, South Carolina" dated
March 27, 2026, with an effective date of December 31, 2025 prepared by D. Carr,
Group Head of Metallurgy, G. Hollett, Group Head of Mining Engineering, B. Drury,
Underground Engineering Superintendent, J. Moore, Group Head of Resource Development
and D. Corley, Principal Resource Development Geologist (OceanaGold), L. Standridge
and R. Cook (Call and Nicholas, Inc.), J Newton Janney-Moore and W.L. Kingston (
NewFields Mining Design & Technical Services, LLC) and B. Miller (SRK Consulting(
U.S.), Inc.). Each of Messrs. Carr, Hollett, Moore and Corley and Ms. Drury is an
employee of OceanaGold.

**Cautionary Statement for Public Release**

This news release contains certain "forward-looking statements" and "forward-looking
information" (collectively, "forward-looking statements") within the meaning of 
applicable Canadian and United States securities laws which may include, but are
not limited to, statements with respect to: the future exploration activities at
Haile and the anticipated benefits therefor; anticipated exploration results and
developments at Haile in future periods; the estimation, realization and classification
of Mineral Reserves and Mineral Resources at Haile; the potential for Mineral Reserves
growth at Horseshoe, Mineral Resources conversion at Ledbetter and Clydesdale as
an emerging target area; anticipated advancement of exploration opportunities with
further drilling as development of the Palomino decline progresses; anticipated 
expansion of the exploration opportunity at Ledbetter; estimates of exploration 
expenditures; timing of the development of new deposits; the timing, cost and outcome
of exploration activities; timing and focus of the 2026 exploration and drilling
programs at Haile; and geotechnical and operational conditions. All statements in
this news release that address events or developments that the Company expects to
occur in the future are forward-looking statements. Forward-looking statements are
statements that are not historical facts and are generally, although not always,
identified by words such as "may", "plans", "expects", "projects", "is expected","
scheduled", "potential", "estimates", "forecasts", "intends", "targets", "aims","
anticipates" or "believes" or variations (including negative variations) of such
words and phrases, or may be identified by statements to the effect that certain
actions, events or results "may", "could", "would", "should", "might" or "will" 
be taken, occur or be achieved.

Forward-looking statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the Company
to be materially different from any future results, performance or achievements 
expressed or implied by the forward-looking statements. Such risks include, among
others: the risk of not achieving the Company’s production estimates, forecasts 
or 2026 Guidance; inaccuracy of Mineral Reserves, Mineral Resources and operating
and capital cost estimates; the actual results of current and future production,
development and/or exploration activities; possible variations of ore grade, metallurgy
or recovery rates; changes in mine plans, project parameters or assumptions as plans
continue to be refined; delays in, or inability to complete, development or construction
or expansion activities or to re-commence or sustain operations as planned; failures
or underperformance of plant, equipment, infrastructure or processes; geotechnical
risks or events, including open pit wall stability, crown pillar failure, land subsidence
and tailings dam failures; scarcity in and disruption of global supply chain and/
or increases in prices, including as a result of international conflicts, such as
the recent U.S.-Iran conflict; challenges associated with effective water management;
environmental, health and safety and climate-related risks; risks related to community
acceptance, stakeholder engagement and social licence to operate; competition for
mineral properties and other growth opportunities; legal and regulatory challenges
to current and future permits, certifications, approvals or licences; adverse judicial,
regulatory or governmental decisions; delays in, or inability to obtain, financing
or governmental approvals on acceptable terms; changes in laws, regulations, taxation
regimes, regulated accounting standards or their interpretation or application; 
the risks associated with operating in foreign jurisdictions, including political
instability, changes in policy or law, civil unrest or conflict; fluctuations in
the prices of gold, copper and silver; general business, economic and market conditions(
including changes in global, national or regional financial, credit, currency or
securities markets); changes or developments in global, national or regional political
and social conditions; fluctuations in foreign exchange rates, including the value
of the U.S. dollar relative to the Canadian dollar, the New Zealand dollar or the
Philippine peso; trade policies and tensions, including tariffs; inflationary pressure;
labour availability, retention and turnover; accidents, labour disputes and other
operational risks of the mining industry; limitations of insurance coverage or uninsured
risks; the conclusions of economic evaluations, studies and models; information 
technology, artificial intelligence and cybersecurity risks; and those other factors
identified and described in more detail in the section entitled "Risk Factors" contained
in the Company’s most recent Annual Information Form and the Company’s other filings
with Canadian securities regulators and the U.S. Securities and Exchange Commission(
the "SEC"), which are available under the Company’s profile on SEDAR+ at sedarplus.
ca and sec.gov, respectively, and on the Company’s website at oceanagold.com. The
list is not exhaustive of the factors that may affect the Company’s forward-looking
statements.

The Company’s forward-looking statements are based on the applicable assumptions
and factors Management considers reasonable as of the date hereof, based on the 
information available to Management at such time. These assumptions and factors 
include, but are not limited to, assumptions and factors related to the Company’s
ability to carry on current and future operations, including: exploration and development
activities; the timing, extent, duration and economic viability of such operations;
the accuracy and reliability of estimates, projections, forecasts, studies and assessments;
the Company’s ability to meet or achieve Guidance, estimates, projections and forecasts;
the availability and cost of inputs; the price and market for outputs, including
gold, copper and silver; foreign exchange rates; taxation levels; the timely receipt
of necessary permits, certifications, approvals or licences; the ability to meet
current and future obligations; the ability to obtain timely financing on reasonable
terms when required; the current and future social, economic and political conditions;
and other assumptions and factors generally associated with the mining industry.

The Company’s forward-looking statements are based on the opinions and estimates
of Management and reflect their current expectations regarding future events and
operating performance and speak only as of the date hereof. The Company does not
assume any obligation to update forward-looking statements if circumstances or Management’s
beliefs, expectations or opinions should change other than as required by applicable
laws. There can be no assurance that forward-looking statements will prove to be
accurate, and actual results, performance or achievements could differ materially
from those expressed in, or implied by, these forward-looking statements. Accordingly,
no assurance can be given that any events anticipated by the forward-looking statements
will transpire or occur, or if any of them do, what benefits or liabilities the 
Company will derive therefrom. For the reasons set forth above, undue reliance should
not be placed on forward-looking statements.

**Cautionary Statements for United States Readers**

The scientific and technical disclosure in this news release was prepared in accordance
with Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects("
NI 43-101"), which differs from the scientific and technical disclosure requirements
of the SEC that are applicable to domestic United States reporting companies. Any
Mineral Reserves and Mineral Resources reported by the Company in accordance with
NI 43-101 may not qualify as such under SEC standards, including Subpart 1300 of
Regulation S-K under the United States Exchange Act of 1934, as amended. Accordingly,
Mineral Resources and Mineral Reserves information and other scientific and technical
information contained or referenced in this news release may not be comparable to
similar scientific and technical information disclosed by United States public companies
subject to the reporting and technical disclosure requirements of the SEC. Historical
results or feasibility models presented herein are not guarantees or expectations
of future performance. Mineral resources that are not mineral reserves do not have
demonstrated economic viability. Due to the uncertainty of measured, indicated or
inferred mineral resources, these mineral resources may never be upgraded to proven
and probable mineral reserves. Investors are cautioned not to assume that any part
of mineral deposits in these categories will ever be converted into reserves or 
recovered. In addition, United States investors are cautioned not to assume that
any part or all of the Company’s measured, indicated or inferred mineral resources
constitute or will be converted into mineral reserves or are or will be economically
or legally mineable without additional work.

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**Read the original article :** [OceanaGold Announces Additional High-Grade Drill Results at Haile ](http://www.prnasia.com/story/archive/4957092_AE57092_0?rand=184833)
