# OceanaGold Submits Permit Application and Provides Technical and Exploration Update Supporting Mine Life Extension at Macraes

- Link: https://www.thailand-business-news.com/pr-news/oceanagold-submits-permit-application-and-provides-technical-and-exploration-update-supporting-mine-life-extension-at-macraes
- Published: 2026-09-09T18:00:00+07:00
- Author: PR Newswire

VANCOUVER, BC, Sept. 9, 2026 /PRNewswire/ — OceanaGold Corporation (TSX: OGC, NYSE:
OGC) ("OceanaGold" or the "Company") announces that it has lodged its application
for approval of the Macraes Phase 4 Project ("MP4") under New Zealand’s Fast-track
Approvals Act 2024. The MP4 application seeks to extend the mine life at Macraes
from the current reserve life of 2032 to the late 2030s, consistent with Macraes’
history of mine life extension since it commenced operation in 1990.

The Company also provides details on the technical study work and exploration results
which support the potential to extend mine life at Macraes via MP4 and beyond.

Gerard Bond, President and CEO of OceanaGold, said "Submitting the MP4 application
is an important step in securing the long-term future of Macraes through permitting
of additional open pit cutbacks and a mine life extension to the late 2030s. Recent
drilling supports both the extensions included in MP4 and identifies further opportunities
to potentially enable meaningful gold production into the 2040s.

For 36 years Macraes has safely and responsibly produced gold, delivering multi-
generational benefits to the surrounding communities and to New Zealand through 
sustaining many hundreds of jobs, socio-economic community contributions, taxes 
and royalties, and export earnings. Our permit application and exploration results
show the potential for Macraes to continue its long history of value creation while
generating strong returns for our stakeholders."

For a visual overview of the site, mine life extension opportunities and drill results,
please see the accompanying 3D video:

[https://vrify.com/meetings/recordings/70c5ee50-9ecc-4e81-a222-7d7449da6ec8](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4770023-1&h=2504440147&u=https%3A%2F%2Fvrify.com%2Fmeetings%2Frecordings%2F70c5ee50-9ecc-4e81-a222-7d7449da6ec8&a=https%3A%2F%2Fvrify.com%2Fmeetings%2Frecordings%2F70c5ee50-9ecc-4e81-a222-7d7449da6ec8)

  |

VRIFY note: Drill results reflect only those set forth in OceanaGold’s press release dated September 9, 2026, and do not include all historical drill results except those relevant to the current targets in this release.

  |

**Macraes Overview**

Macraes is located on the South Island of New Zealand, approximately 60 kilometres("
km") northwest of Dunedin. Production at Macraes commenced in 1990, with an initial
7-year mine life. In July of this year, the mine celebrated the production of its
6 millionth ounce of gold over its 36-year operating history. Macraes has a geologically
prospective land package of over 14,000 hectares, including a 30 km highly mineralized
structure known as the Macraes Shear Zone which hosts multiple gold deposits and
exploration targets (Figure 1).

**Macraes Mine Life Extension Potential**

**MP4 Fast-track Application**

On September 9, 2026, the Company lodged its Fast-track application for the MP4 
project. The MP4 application includes:

 ◦ permitting for all activities required to complete the current reserve mine plan;
 ◦ the development of Southern Pit Innes Mills ("SPIM", details below);
 ◦ extensions of the Golden Point Underground ("GPUG"); and
 ◦ flexibility to incorporate additional Mineral Resources into the future production
   profile.

Approval of MP4 will enable the extension of the Macraes operation to the late 2030s.
Under the "one-stop shop" process of the New Zealand government, the Company expects
MP4 to be fully permitted by mid-2027 (subject to appeals). MP4 permit approval 
is necessary for mine life extension, subject to achieving other ancillary permits,
satisfactory technical and financial reviews, and market and operating conditions.

Approval and subsequent execution of MP4 works will enable the Macraes operation
to continue to have a strong positive impact on the Otago region and New Zealand
more broadly for many more years, bringing substantial investment, maintaining current
and future employment opportunities and continuing to provide meaningful social,
environmental and economic benefits.

The Company is familiar with the Fast-track approval process, having successfully
permitted the Waihi North Project in 2025.

**Mine Life Extension Technical Studies**

The approval of MP4 will enable the Company to proceed with extensions to the Innes
Mills, Coronation, Coronation North and Golden Bar open pits. A mine life extension
of Golden Point Underground is also included in MP4, to provide additional flexibility
for future development.

MP4 also includes an extension to the north of the current Innes Mills open pit,
referred to as SPIM. Advanced studies are underway to bring SPIM into Mineral Resources
by year end 2026, supported by drilling completed in prior years.

The Company believes that SPIM has the capability to contribute meaningful production
at Macraes from 2032. Together with the extension of the Golden Point Underground,
the Company is targeting to maintain production at Macraes above 100,000 ounces 
per year into the late 2030s.

Details regarding Macraes’ expected production profile, development timeline for
SPIM, capital expenditures and overall economics will be included in an updated 
National Instrument – 43-101 Standards of Disclosure for Mineral Projects ("NI 43-
101") technical report that is expected to be released in early 2028.

SPIM development capital will include waste stripping, rehandling and relocation
of a portion of historic tailings into the current Frasers tailings storage facility,
relocation of the open pit workshop, re-routing the public road, and upgrades to
site power infrastructure.

Advancing SPIM also has the benefit of enhancing the feasibility of mining the Round
Hill deposit which was previously removed from Mineral Resources at year-end 2023.
The Round Hill deposit is not included in MP4 and represents a potential opportunity
for mine life extension into the 2040s.

**Macraes Exploration Overview**

The 2026 exploration program at Macraes is focused on supporting the mine life extensions
outlined in MP4 and beyond. Supported by a record expected expenditure of US$13 
million in 2026, a total of 60,000 metres ("m") of drilling is being executed at
Macraes. The Innes Mills, Coronation and Nunns open pits, together with Golden Point
Underground, continue to show significant potential for further resource conversion
and growth.

**Macraes Drill Results**

**Innes Mills**

Innes Mills has been the main open pit ore source since 2024, accounting for approximately
39% of total Measured and Indicated Mineral Resource ounces for Macraes as at December
31, 2025. Drilling since the last resource estimate has focused on conversion of
Inferred Mineral Resources in, and down dip of, the current reserve open pit design,
with more than 12,000 m across 48 holes completed (Table 1). Drill hole DDH8224 
returned 25.0 m @ 0.8 g/t gold ("Au"), confirming that mineralization continues 
at least 150 m down dip, towards the east, beyond the Innes Mills current reserve
open pit design (Figure 2). This area is a target for additional resource expansion
drilling in the remainder of this year to confirm the economic feasibility of additional
future open pit cutbacks.

**Golden Point Underground (GPUG)**

GPUG is located immediately down dip of the historic Golden Point and Round Hill
open pits which were mined between 1990 and 2002 and produced approximately 1.3 
million ounces of gold. Underground mining at GPUG commenced in 2021.

Since the last resource estimate for the year ended December 31, 2025, more than
13,000 m of drilling across 37 holes has been completed, targeting both conversion
and extension opportunities (Table 1).

In the north, DDH8281 stepped out approximately 40 m down dip of the current mine
plan, intercepting 12.0 m @ 2.1 g/t Au and confirming the continuation of economic
mineralization down-plunge. In the south, a 40 m step-out from the existing mine
plan reported 15.0 m @ 1.5 g/t Au (DDH8412). These results are well above the current
underground reserve cut-off grade and support the potential for future resource 
and reserve growth to the east and southeast (Figure 3). Drilling will continue 
at GPUG for the remainder of the year, targeting extension to mineralization both
down dip and to the south along strike, where the deposit remains open, to further
grow the resource.

**Coronation**

The Coronation open pit is located approximately 5 km to the northeast of the processing
plant. Since the last resource estimate, more than 6,000 m of drilling across 36
holes has been completed at Coronation, with a focus on the conversion of Inferred
Mineral Resources (Table 1). 

Notable results included 7.9 m @ 5.4 g/t Au (DDH8286), 12.0 m @ 2.3 g/t Au (DDH8298),
21.0 m @ 1.1 g/t Au (DDH8283) and 6.0 m @ 1.7 g/t Au (DDH8367), which support the
emergence of a higher-grade zone plunging to the southeast (Figure 4). This area
remains open to the southeast, with further exploration drilling planned to pursue
extension of this higher-grade trend beyond the current pit design to support future
pit cutbacks.

**Nunns**

The Nunns prospect, containing a small resource defined in 2017, is located at the
northwestern end of the Macraes property, approximately 6 km along strike from Coronation.
Following the Company’s additional land purchase in early 2026, a drill program 
focused on converting and growing the existing Mineral Resources, with 4,250 m of
drilling across 48 drill holes was completed (Table 1). Notable results included
14.0 m @ 2.5 g/t Au (RCH8374), 8.0 m @ 4.2 g/t Au (RCH8375) and 4.0 m @ 7.9 g/t 
Au (RCH8344), confirming the extension of mineralization down dip and along strike,
outside of the known resource (refer to VRIFY).

The mineralization at Nunns represents a potentially low capital, future open pit
ore source for Macraes, that is outside of the MP4 permit application. An updated
resource estimate is expected to be included at the end of 2026.

**Table 1: Select Macraes significant drill intersections since the 2025 resource
estimate****^([1])**

  |

**Drill Hole ID\*** 

  |

**From (m)** 

  |

**To (m)** 

  |

**Interval 
(m)\*
 

  |

**Au (g/t)** 

  |

**Area** 

  |

**Activity\*** 

  |  
 |

DDH8273

  |

171.2

  |

181.2

  |

10.0

  |

1.0

  |

Coronation

  |

Extension

  |  
 |

DDH8283

  |

162.2

  |

183.2

  |

21.0

  |

1.1

  |

Coronation

  |

Conversion

  |  
 |

DDH8286

  |

150.1

  |

158.0

  |

7.9

  |

5.4

  |

Coronation

  |

Conversion

  |  
 |

DDH8298

  |

145.2

  |

157.2

  |

12.0

  |

2.3

  |

Coronation

  |

Conversion

  |  
 |

DDH8309

  |

135.0

  |

140.0

  |

5.0

  |

2.3

  |

Coronation

  |

Conversion

  |  
 |

DDH8327

  |

116.1

  |

122.1

  |

6.0

  |

1.5

  |

Coronation

  |

Conversion

  |  
 |

DDH8336

  |

165.9

  |

168.9

  |

3.0

  |

2.8

  |

Coronation

  |

Conversion

  |  
 |

DDH8367

  |

193.5

  |

199.5

  |

6.0

  |

1.7

  |

Coronation

  |

Extension

  |  
 |

DDH8367

  |

206.5

  |

210.5

  |

4.0

  |

1.8

  |

Coronation

  |

Extension

  |  
 |

RCH8390

  |

88.0

  |

96.0

  |

8.0

  |

0.8

  |

Coronation

  |

Conversion

  |  
 |

DDH8145

  |

271.0

  |

278.0

  |

7.0

  |

3.1

  |

GPUG

  |

Extension

  |  
 |

DDH8170

  |

174.1

  |

188.1

  |

14.0

  |

4.0

  |

GPUG

  |

Conversion

  |  
 |

DDH8269

  |

167.0

  |

194.0

  |

27.0

  |

3.0

  |

GPUG

  |

Conversion

  |  
 |

DDH8281

  |

447.4

  |

459.4

  |

12.0

  |

2.1

  |

GPUG

  |

Extension

  |  
 |

DDH8294

  |

365.8

  |

376.8

  |

11.0

  |

3.9

  |

GPUG

  |

Conversion

  |  
 |

DDH8302

  |

368.8

  |

384.8

  |

16.0

  |

2.4

  |

GPUG

  |

Conversion

  |  
 |

DDH8325

  |

378.0

  |

387.0

  |

9.0

  |

2.7

  |

GPUG

  |

Conversion

  |  
 |

DDH8407

  |

339.7

  |

369.7

  |

30.0

  |

0.7

  |

GPUG

  |

Extension

  |  
 |

DDH8412

  |

326.1

  |

341.1

  |

15.0

  |

1.5

  |

GPUG

  |

Extension

  |  
 |

GDH0567

  |

95.0

  |

113.0

  |

18.0

  |

2.7

  |

GPUG

  |

Extension

  |  
 |

DDH8224

  |

243.0

  |

268.0

  |

25.0

  |

0.8

  |

Innes Mills

  |

Conversion

  |  
 |

DDH8241

  |

289.5

  |

298.5

  |

9.0

  |

4.2

  |

Innes Mills

  |

Conversion

  |  
 |

DDH8243

  |

226.0

  |

244.0

  |

18.0

  |

1.3

  |

Innes Mills

  |

Conversion

  |  
 |

DDH8252

  |

216.2

  |

235.5

  |

19.3

  |

1.7

  |

Innes Mills

  |

Conversion

  |  
 |

DDH8255

  |

299.0

  |

307.5

  |

8.5

  |

2.0

  |

Innes Mills

  |

Conversion

  |  
 |

DDH8255

  |

239.0

  |

248.0

  |

9.0

  |

1.8

  |

Innes Mills

  |

Conversion

  |  
 |

DDH8262

  |

273.0

  |

288.0

  |

15.0

  |

2.6

  |

Innes Mills

  |

Conversion

  |  
 |

DDH8369

  |

117.8

  |

126.8

  |

9.0

  |

2.2

  |

Innes Mills

  |

Conversion

  |  
 |

RCD8297

  |

252.1

  |

270.1

  |

18.0

  |

0.9

  |

Innes Mills

  |

Conversion

  |  
 |

RCH8250

  |

69.0

  |

93.0

  |

24.0

  |

0.8

  |

Innes Mills

  |

Conversion

  |  
 |

RCH8340

  |

62.0

  |

69.0

  |

7.0

  |

1.1

  |

Nunns

  |

Extension

  |  
 |

RCH8343

  |

65.0

  |

71.0

  |

6.0

  |

1.2

  |

Nunns

  |

Extension

  |  
 |

RCH8344

  |

65.0

  |

69.0

  |

4.0

  |

7.9

  |

Nunns

  |

Extension

  |  
 |

RCH8349

  |

63.0

  |

69.0

  |

6.0

  |

0.8

  |

Nunns

  |

Extension

  |  
 |

RCH8353

  |

54.0

  |

57.0

  |

3.0

  |

1.8

  |

Nunns

  |

Extension

  |  
 |

RCH8356

  |

57.0

  |

62.0

  |

5.0

  |

1.2

  |

Nunns

  |

Extension

  |  
 |

RCH8359

  |

46.0

  |

53.0

  |

7.0

  |

2.6

  |

Nunns

  |

Extension

  |  
 |

RCH8374

  |

36.0

  |

50.0

  |

14.0

  |

2.5

  |

Nunns

  |

Extension

  |  
 |

RCH8375

  |

25.0

  |

33.0

  |

8.0

  |

4.2

  |

Nunns

  |

Extension

  |  
 |

RCH8376

  |

55.0

  |

62.0

  |

7.0

  |

1.8

  |

Nunns

  |

Extension

  |  
 |   |  
 |

^([1]) Table 1 highlights the 10 best selected significant intercepts at Macraes, by deposit. A complete list of drill holes is available on the Company’s website: [https://www.oceanagold.com/](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4770023-1&h=1375870686&u=https%3A%2F%2Fwww.oceanagold.com%2F&a=https%3A%2F%2Fwww.oceanagold.com%2F). To meet the criteria of a significant intercept for this table, composites are at least 2.0 m long and the cut-off of waste to ore is 0.25 g/t Au. Each composite interval is allowed to contain a maximum of 5.1 m of waste at a maximum consecutive length of 4.1 m of waste. Intervals that meet these criteria and have a minimum grade of 0.7 g/t Au are classed as significant intercepts. 

  |  
 |   |  
 |

**\*Notes: Suffix "DDH" means diamond drill hole, "GDH" means Diamond drill hole drilled from underground drives, "RCH" means Reverse Circulation drill hole, and "RCD" means hybrid reverse circulation/diamond drill hole. Intervals are down hole core length; true widths have not been determined. "Extension Drilling" intercepts are associated with step-out exploration drilling and "Conversion" drilling intercepts are intercepts converting Inferred Mineral Resources to Indicated Mineral Resources category.**

  |

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=4770023-1&h=1742001976&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: **

Brian Martin, Senior Vice President, Business Development and Investor Relations

Tel: +1 604-678-4096[ir@oceanagold.com](https://www.thailand-business-news.com/pr-news/ir@oceanagold.com)

Valerie Burns, Director, 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, Vice President, Communications 
Tel: +1 604-403-2019 [media@oceanagold.com](https://www.thailand-business-news.com/pr-news/media@oceanagold.com)

**Qualified Person Statement**

Except as set out herein, the scientific and technical information in this press
release has been reviewed and approved by Knowell Madambi, a qualified person as
defined by NI 43-101. Mr. Madambi is the Manager – Technical Services & Projects
of OceanaGold. The scientific and technical information in this press release relating
to exploration matters has been reviewed and approved by Mr. Keenan Jennings, a 
qualified person as defined by NI 43-101. Mr. Jennings is the EVP, Chief Exploration
Officer of OceanaGold.

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

The Macraes operation sampling and analyses processes are undertaken within the 
framework outlined by standard operating procedures (SOPs).

RC drilling is undertaken using 5 1/2-inch bit and samples are typically collected
as 1m composites. RC recovery is actively monitored by the geologist at the RC rig
by measuring bulk, original and duplicate samples. Diamond core sizes for exploration
drilling are predominantly PQ and HQ. DD recovery is actively recorded by the drillers
and checked by the geologist. In general, diamond core recovery of ore zones at 
Macraes is very good (>98%).

Field duplicates are collected from every metre, and RC samples are sub-sampled 
by a cone splitter. Approximate splits are 12.5% original and 12.5% duplicate. Diamond
core sampling is a mixture of whole core sampling and ½ core sampling. Whole core
PQ and HQ core sampling results in samples length smaller than 1m. Whole core sampling
is undertaken when the core is weak and broken. Half core sampling prior to May 
2026 was undertaken using a manual core saw and post-May 2026 was undertaken using
an automatic core saw. Duplicate core weights from the auto saw show improved weight
variance.

RC and DD samples are submitted to an onsite laboratory, operated by SGS, which 
is independent from OceanaGold. Samples are dried at 150° for 4 hours, crushed to
3.5mm and 400-500g split via a linear sample divider assay. Coarse split duplicates
are collected at a rate of 1:20.

The 400-500g sample is assayed via an onsite Photon Assay unit.

Independent Certified Reference Materials ("CRMs") coarse standards are inserted
under the instruction of OceanaGold at a rate of 1:20. SGS also insert a selection
of pulp CRMs and blanks at a rate of 1:20.

Blank, duplicate and CRM results are reviewed prior to uploading results in the 
acQuire database on a hole-by-hole basis. SGS provides monthly QC review of the 
standards and blanks submitted to Chrysos detailing results outside warning and 
action tolerances. A selection of check samples were also sent for fire-assay to
SGS Waihi, New Zealand.

The SGS NZ Ltd laboratory is an independent commercial assay laboratory with ISO
17025: 2017 accreditation. Chrysos Corporation operates a single unit which is leased
to OceanaGold, Macraes Operation.

**Technical Report**

For further information, please refer to the following NI 43-101 technical report
entitled "NI 43 – 101 Technical Report – Macraes Operation Otago, New Zealand", 
dated March 27, 2026 with an effective date of December 31, 2025, prepared by M.
Grant, K. Madambi, E. Leslie and D. Carr (OceanaGold), which is available under 
OceanaGold’s profile on SEDAR+ at www.sedarplus.ca and on EDGAR at [www.sec.gov](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4770023-1&h=3513642783&u=http%3A%2F%2Fwww.sec.gov%2F&a=www.sec.gov)
and on the Company’s website at [www.oceanagold.com](http://www.oceanagold.com).
Each of Messrs Grant, Madambi, Leslie and Carr 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 extension of mine life at Macraes
to the late 2030s and potential gold production into the 2040s and the anticipated
benefits therefrom; the timing and receipt of required permits for MP4 under the
Fast-track approval process; the expected impacts on the Otago region and New Zealand
of MP4; the timing for including SPIM in the Company’s Mineral Resources estimate
for the year ended December 31, 2026; anticipated production levels for Macraes 
with SPIM and the extension of GPUG; timing of filing of an updated NI 43-101 technical
report for Macraes; future exploration activities at Macraes and the anticipated
timing, costs and benefits therefor; anticipated exploration results and developments
at Macraes in future periods; the estimation, realization and classification of 
Mineral Reserves and Mineral Resources at Macraes; estimates of exploration expenditures;
timing of the development of new deposits; timing and focus of the 2026 exploration
and drilling programs at Macraes; 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 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 and ongoing 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, blockades 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, work stoppages 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 on EDGAR at 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 press release was prepared in accordance
with NI 43-101, which differs from the scientific and technical disclosure requirements
of the SEC that are applicable to domestic United States reporting companies. In
particular, and without limiting the generality of the foregoing, the terms "Mineral
Reserve", "Proven Mineral Reserve", "Probable Mineral Reserve", "Inferred Mineral
Resources,", "Indicated Mineral Resources," "Measured Mineral Resources" and "Mineral
Resources" used or referenced in this press releases are Canadian mineral disclosure
terms as defined in accordance with NI 43-101 and the Canadian Institute of Mining,
Metallurgy and Petroleum (the "CIM") – CIM Definition Standards on Mineral Resources
and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM Definition
Standards"). The definitions of these terms, and other mining terms and disclosures,
differ from the definitions of such terms, if any, for purposes of the SEC’s disclosure
rules for domestic United States reporting companies and 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 Securities Exchange Act of 1934, as amended. As a foreign private 
issuer that is eligible to file reports with the SEC pursuant to the multi-jurisdictional
disclosure system, the Company is not required to provide disclosure on its mineral
properties under applicable SEC rules and regulations and provides disclosure under
NI 43-101 and the CIM Definition Standards. Accordingly, Mineral Resources and Mineral
Reserves information and other scientific and technical information contained or
referenced in this press 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.

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.

Historical results or feasibility models presented herein are not guarantees or 
expectations of future performance.

[https://vrify.com/meetings/recordings/70c5ee50-9ecc-4e81-a222-7d7449da6ec8](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4770023-1&h=2504440147&u=https%3A%2F%2Fvrify.com%2Fmeetings%2Frecordings%2F70c5ee50-9ecc-4e81-a222-7d7449da6ec8&a=https%3A%2F%2Fvrify.com%2Fmeetings%2Frecordings%2F70c5ee50-9ecc-4e81-a222-7d7449da6ec8)

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**Read the original article :** [OceanaGold Submits Permit Application and Provides Technical and Exploration Update Supporting Mine Life Extension at Macraes ](http://www.prnasia.com/story/archive/5043502_AE43502_0?rand=184833)
