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Promising Exploration Results from New Zealand

8 August 2007

OceanaGold Announces Promising Exploration Results from New Zealand

OceanaGold Corporation (“OceanaGold” or “the Company”) is pleased to report encouraging assay results from exploration drilling program at the Crushington Prospect, north of its Globe-Progress mine near Reefton, New Zealand (Figure 1); and at the Golden Point Extension and Frasers Panel 2 Extension in the Macraes Goldfield.

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