NEWS

/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES./

MELBOURNE, Sept. 13, 2019 /CNW/ – OceanaGold Corporation (TSX: OGC) (ASX: OGC) (“the Company”) informs the Philippines Court of Appeals in Manila (the Court) has set Wednesday 18 September 2019 as the hearing date for the Company’s application for a Writ of Preliminary Injunction (“Injunction”) as part of the Company’s appeal against the Nueva Vizcaya Provincial Court ruling denying its request to end the unlawful restraint of operations.

Since 1 July 2019, local government units from the Province of Nueva Vizcaya have impeded access to and from the mine site in response to an unlawful directive from the Governor to ‘restrain any operations’ of the Company. The Company maintains the regulatory authority over the Didipio Mine rests with the National Government. The Local Government Code of 1991 (Republic Act No. 7160) does not grant the power or authority to the Provincial Governor or any local government officer to restrain any aspect of the Didipio operation.

The processing plant is currently undergoing scheduled maintenance and is expected to resume operations on 24 September. The Company will then make a decision with respect to the ongoing operation of the processing plant.

The Company will provide further updates to the market on the outcome of the Injunction application, and any impact to group production and cost guidance when the information becomes available.

The Company continues to work with the National Government to finalise the renewal of the FTAA and remains open to the opportunity to engage with the Provincial government and work together in the best interest of the local stakeholders. The Company remains strongly committed to operating in accordance with the law and will always comply with its responsibilities under its contract with the Philippine Government.

Mick Wilkes, President and CEO of OceanaGold, said “The Company has successfully developed and operated the Didipio Mine in the Philippines with a focus on delivering socio-economic benefits to local communities utilising international best practices and gaining a strong social license to operate. OceanaGold has established sound and collaborative relationships with regulatory authorities and stakeholders based on mutual respect.”

“While this process is taking some time, we will always operate in line with our values and commitment to responsible mining, and this means working transparently with the Philippine regulatory authorities to maximise the speed of the renewal. We are encouraged by the engagement with the government to date as we continue to work towards a mutually-acceptable path forward on the FTAA renewal.”

“I would like to recognise our world-class Philippine workforce of 1,500 workers who have remained focused on safety and preserving optionality at site during this uncertain time. We are proud to have positively contributed to the Barangay of Didipio, Provinces of Nueva Vizcaya and Quirino and neighbouring communities since 2012.”

Source: OceanaGold