OceanaGold Management Update

OceanaGold wishes to announce an update to the May 25th media release regarding the impending departure of Chief Executive Officer, Steve Orr. Mr. Orr and the Board of Directors have mutually decided to bring forward Mr.Orr’s completion date by three weeks to 10 June 2009.

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OceanaGold Management Update

OceanaGold announces the impending change of their Chief Executive Officer, Steve Orr, and interim arrangements before the new CEO commences. The current CEO will leave the Company on June 30, 2009 and the Board has implemented a search for a new CEO; this process is well advanced and a short list of candidates is under final review. While it is not certain, the announcement of a new CEO is expected to be made before Steve Orr departs.

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Q1 2009 Financial Results

OceanaGold today released its Management Discussion & Analysis and financial results for the first quarter 2009.

Gold sales of 81,093 ounces at a cash cost of US$279 per ounce exceeded company expectations and reflects the fourth consecutive quarter of increased gold sales and declining cash costs for the company.

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> Read Q1 2009 Management Discussion & Analysis

> Read Q1 2009 Financial Results