OceanaGold Fact Book 2012

Innovation Performance Growth

OceanaGold Corporation Fact Book 2012

Cautionary Statement Regarding Forward looking Information This Fact Book contains forward-looking statements and information within the meaning of applicable securities laws which may include, but is not limited to, statements with respect to the future financial and operating performance of the Company, its subsidiaries and affiliated companies, its mining projects, the future price of commodities, the estimation of mineral reserves and mineral resources, the realisation of mineral reserve and resource estimates, costs of production, estimates of initial capital, sustaining capital, operating and exploration expenditures, costs and timing of the development of new deposits, costs and timing of the development of new mines, costs and timing of future exploration and drilling programs, timing of filing of updated technical information, anticipated production amounts, requirements for additional capital, governmental regulation of mining operations and exploration operations, timing and receipt of approvals, consents and permits under applicable mineral legislation, environmental risks, title disputes or claims, limitations of insurance coverage and the timing and possible outcome of pending litigation and regulatory matters. Often, but not always, forward-looking statements and information can be identified by the use of words such as plans, expects, is expected, predicts, budget, scheduled, 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 information or statements contain information that is based on assumptions, forecasts of future results, estimates of amounts not yet determinable, and therefore involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company and/or its subsidiaries and/or its affiliated companies to be materially different. For a list of risk factors, please refer to the Companys Annual Information Form in respect of its fiscal year-ended December 31, 2011, which is available on SEDAR at www.sedar.com under the Companys name. Forward-looking statements and information contained herein are made as of the date of this document and, subject to applicable securities laws, the Company disclaims any obligation to update any forwardlooking statements and information, whether as a result of new information, future events or results or otherwise. Readers should not place undue reliance on forward-looking statements and information due to the inherent uncertainty therein. All forward-looking statements and information made herein are qualified by this cautionary statement.

Cautionary Notes regarding Technical Information Standards: This Fact Book includes disclosure of scientific and technical information, as well as information in relation to the calculation of reserves and resources, with respect to OGCs mineral projects. OGCs disclosure of mineral reserve and mineral resource information is governed by National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the CIM) Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as may be amended from time to time by the CIM (CIM Standards). The disclosure of mineral reserve and mineral resource information relating to OGCs properties is based on the reporting requirements of the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Estimates of mineral resources and mineral reserves prepared in accordance with the JORC Code would not be materially different if prepared in accordance with the CIM definitions applicable under NI 43-101. There can be no assurance that those portions of mineral resources that are not mineral reserves will ultimately be converted into mineral reserves. Mineral resources are not mineral reserves and do not have demonstrated economic viability. This Fact Book uses the terms measured, indicated and inferred resources. U.S. persons are advised that while such terms are recognized and required by Canadian regulations, the Securities and Exchange Commission does not recognize them. U.S. persons are cautioned not to assume that all or any part of measured or indicated resources will ever be converted into reserves. U.S. persons are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.

Technical Reports: For further information regarding OGCs properties, reference should be made to the following NI 43-101 technical reports have been filed and are available at sedar.com under the Companys name: (a) Technical Report for the Macraes Project located in the Province of Otago, New Zealand dated February 12, 2010, prepared by R. Redden and J. G. Moore, both of Oceana Gold (New Zealand) Limited; (b) Independent Technical Report for the Reefton Project located in the Province of Westland, New Zealand dated May 9, 2007, prepared by J. S. McIntyre, I. R. White and R. S. Frew of Behre Dolbear Australia Pty Limited, B. L. Gossage of RSG Global Pty Limited and R. R. Penter of GHD Limited; and (c) Technical Report for the Didipio Project located in Luzon, Philippines dated July 29,2011, prepared by R. Redden and J. Moore of Oceana Gold (New Zealand) Limited. An update of the Reefton technical report is underway and is expected to be released mid-year. Where the mineral reserve and mineral resource estimates of the Companys Reefton and Macraes Projects set out in this Fact Book differ from those set out in the Technical Report for the relevant property, such differences arise from updates to such mineral reserve and mineral resource estimates as a result of depletion through production and additional exploration activities. The latest updates of mineral reserves for each of the Companys mineral projects were prepared by, or under the supervision of, K. Madambi. The updates of mineral resources were prepared by, or under the supervision of, J. G. Moore. Both K. Madambi and J. G. Moore are Members and Chartered Professionals with the Australasian Institute of Mining and Metallurgy and are full time employees of Oceana Gold (New Zealand) Limited. Each is a qualified person for the purposes of NI 43-101 and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the JORC Code. Messrs Moore and Madambi consent to inclusion in this Fact Book of the matters based on their information in the form and context in which it appears. OceanaGold has adopted United States dollars (USD) as its presentation currency. The financial information is presented in USD and all numbers in this document are expressed in USD unless otherwise stated.

 Contents 5 The Business at a Glance 6 OceanaGold at a Glance 8 Chairman Letter 9 CEO Letter 10 Vision & Values 10 Strategy 12 Investment Highlights 13 Operating Summary 15 Operations 16 Macraes Goldfield, New Zealand 17 Macraes Open Pit 18 Frasers Underground 19 Processing 20 Reefton Goldfield, New Zealand 22 Didipio Project, Philippines 26 Exploration 28 Reserves & Resources 29 Sustainability 31 Financials and Investor Information 32 Five Year Financial Summary 33 Operating Costs 34 Capital Expenditure and Convertible Notes 35 Share Information 36 Our Team 38 Glossary 39 Key Investor Dates & Corporate Directory

Reefton Open Pit mine located in West Coast region of New Zealands South Island

The Business at a Glance

 OceanaGold at a Glance (Map of Operations)

Asset Location

HQ

Luzon Baguio

Didipio

Manila

Auckland

Reefton Open Pit Macraes Open Pit Frasers Underground

Mindanao

Wellington

Christchurch

Dunedin

Philippines Mineral Reserves

Mineral Reserves Gold (Moz) Copper (000) Reserves 1.68 229 Resources* 2.57 363 Measured & Indicated 2.13 291 Inferred 0.44 72

New Zealand Mineral Reserves

Mineral Reserves Gold (Moz) Reserves 1.96 Resources* 7.71 Measured & Indicated 4.57 Inferred 3.14

*Resources are inclusive of reserves. Refer to page 28 for full Resource/Reserves Statement.
6

 OceanaGold Today

OceanaGold is a significant Asia Pacific gold producer listed on the Toronto, Australian and New Zealand stock exchanges. The Company has a portfolio of operating, development and exploration assets located in the South Island of New Zealand and in northern Philippines. The Company is forecast to produce approximately 250,000 ounces of gold per annum from its New Zealand operations. The Didipio Project in northern Philippines is expected to commission in fourth quarter 2012 with first full year of production in 2013. Production Profile
350 300 250 Gold (000 ounces) 200 150 100 50 0 20 18 16 14 Copper (000 tonnes) 12 10 8 6 4 2 2007 2009 2010 2011 2012E 2008 2013E 0 Gold Copper

Company History

2003 Oceana Gold Ltd Incorporated. 2004 Oceana Gold Ltd listed on ASX and NZX. 2005 Two millionth ounce of gold poured from Macraes Open Pit Mine. 2006 Merger with Climax Mining. Didipio Gold - Copper Project acquired. 2007 OceanaGold listed on TSX. Reefton Open Pit Mine commissioned. 2008 Frasers Underground Mine commissioned. Didipio placed under care & maintenance following Global Financial Crisis. 2009 Record gold production for New Zealand operations (300,000 oz). 2010 Removal of gold hedge book. Macraes three millionth ounce of gold poured. 2011 Didipio Project construction recommenced in June. Record gold revenue and cash flow from operations.

Financial Snapshot Year ended 31 December Gold revenue EBITDA

1

2011 395.6 163.9 78.5 44.2 0.17 170.0 252,499 249,261 1,587 875 712

2010 305.6 139.5 71.8 44.4 0.20 181.3 268,602 268,087 1,140 570 570

2009 237.1 106.2 40.4 54.5 0.29 42.4 300,391 300,044 790 411 379

2008 217.2 66.1 13.5 (54.7) (0.34) 9.7 259,812 264,124 822 532 290

2007 104.4 8.7 (34.1) (69.0) (0.47) 119.8 183,209 177,722 697 556 141

US$m US$m US$m US$m US$ US$m oz oz US$/oz US$/oz US$/oz

Operating profit EBIT1 Net earnings Diluted earnings/(loss) per share Cash and cash equivalents Gold produced Gold sold Ave gold price received Cash operating cost Cash Operating margin
1

US$m 65.2 55.4 25.6 (2.5) (32.8)

Excluding gain/(loss) on undesignated hedges

7

OceanaGold Corporation Fact Book 2012

 Chairman Letter

OceanaGold has well and truly left the uncertainties of recent years behind in 2011. We continue to deliver solid performance from the mature assets in New Zealand and are well on the way to completing the game-changing Didipio Project in the northern Philippines. 2012 should see the latter move to production commissioning and signal the beginning of a new era for your Company from a production base in Asia Pacific at large. The Board is greatly comforted with the performance of the new management team and their comprehensive approach to the holistic enterprise of sustainable, responsible mining; the safety, environmental, community and government relations issues which are all critical to the long term success of our Company are being addressed in a most professional manner and will ultimately be reflected in stakeholder value. It is essential that OceanaGold continues to grow our business and the vision statement underscores that commitment. The consolidation of our exploration effort in both our operating jurisdictions and re-establishment of a Business Development unit are both beginning to deliver into that growth target. At the Board level, we continue to review the strength and skills of this group and welcomed both Mick Wilkes and Dr. Geoff Raby to our ranks in 2011. We also like to thank Terry Fern who retired after long service at Climax Mining (who merged with OceanaGold in 2006). With the adoption of a Fact Book in place of a more traditional Annual Report, we are moving to enhance transparency of OceanaGold to the public at large and would welcome feedback from the effort. Sincerely,

Jim Askew, Chairman of the Board April 2012

 CEO Letter

I am pleased to introduce the new Fact Book of OceanaGold. The purpose of this format is to provide our stakeholders with a tool to better understand our vision and strategy, operations and performance. Having completed my first year as MD and CEO of OceanaGold, I am pleased with our financial results and progress on the development of Didipio. It is sad however to report that we had a tragic incident in 2011 during a typhoon resulting in the death of a contractor to the company at the Didipio site. The safety of our employees and contractors is of paramount importance to me, the Board and the executive team and we are fully committed to improving the safety performance of the Company. To help effect this, we have recently introduced a behavioural based safety program to take us on a journey toward excellence in safety performance. We had another solid year of production along with the high gold prices received, produced record revenue and cash flows. Production was particularly strong from Macraes Open Pit which continues to perform well. We faced some labour shortages in the first half of the year due to the high labour demand from mines in Australia, which affected our production in the Frasers Underground mine and at Reefton. However through changes in some rosters and a focus on training, we have turned this around, with all of our operations fully manned with skilled operators at year end. Probably the most pleasing aspect of our performance last year was the recommencement of construction at Didipio. This was achieved after a thorough design reassessment of the project and gaining the support of our local community. We have worked hard on our relationship with the local community and Government at Didipio, to the point where we now have their strong support. We will continue to enhance our social licence. There are currently over 1,000 people working on site at the Didpio Project. By the end of 2011, construction of process plant had commenced, the mining contractor had mobilised to site, and the accommodation facilities were well advanced. By the end of the first quarter 2012, we have seen a rapid escalation in construction with much of the foundations for the process plant complete, steel being erected, and importantly, major equipment such as the mills and flotation plant already on site. Construction of the tailings storage facility is also well advanced. In short, we are on track for a successful start of commissioning in the fourth quarter of 2012 as planned. We are building the Didipio Project with our own people, directly supervising Philippine owned contracting companies to do the mining and construction. This is not the norm in the mining industry but we intend to further develop the capability in our organisation to construct mining projects. This approach de-risks the development process, particularly in these times of high demand for engineering firms to build new mineral and energy projects globally. I believe this will be a key point of differentiation against our peers thus creating significant value for our shareholders. Our vision for the next few years is to build a strong gold mining company that delivers superior returns to shareholders by at least doubling our current production of gold and reducing our costs to be in the lowest half of gold producers globally. Successful completion of Didipio will put us well on the way to achieving this vision, but more importantly it will create opportunities to grow both in the Philippines and other countries. 2012 is a pivotal year for our Company providing the platform for significant growth. I look forward to delivering the benefits that will flow from this growth to all of our stakeholders over the coming years.

Mick Wilkes, Managing Director and CEO April 2012

OceanaGold Corporation Fact Book 2012

Our Motto

Innovation Performance Growth

Top: View of Reefton Open Pit from North East wall stability monitoring prism Centre: Didipio employees participating in a local agricultural program Left: Reefton Exploration office

10

 Vision & Values

Our Vision for 2016 Our journey to growth and success starts with defining ourselves and our values, building a strong culture that our people own and are proud of. We have set a clear vision to be achieved by 2016 through organic growth opportunities and judicious, timely and accretive asset acquisitions. OceanaGold is a high performing, growth oriented, Asia Pacific gold company. We explore for, develop and operate quality assets and operate in a safe and sustainable manner. We achieve this through: An innovative and committed team culture Acting on opportunities Leveraging our capabilities Managing risk, and Engaging with communities and governments We will have demonstrated this by: Delivering superior returns to shareholders Achieving annual production of 600,000 ounces of gold, and Owning a pipeline of growth projects We are proud of our reputation as an employer, partner and gold producer of choice. Our Values The right way to do things at OceanaGold is through demonstrating the following values: Respect Integrity Teamwork Innovation Action Accountability

Strategy

OceanaGolds mission is to maximise shareholder value and build a sustainable, profitable, international gold company whilst adhering to the highest standards of governance and environmental practices. The Companys business strategy is to increase its reserve and resource base and expand its current production by: Developing new reserves and resources at its existing mines from in-pit and near mine exploration; Implementing performance excellence programs that drive efficiency and increase profit margins from our existing operations; Successfully bringing the Didipio Project into production; Unlocking the full potential of the Didipio Project through near mine exploration and future expansion of the current processing plant and infrastructure; Widening our exploration effort in the Philippines and through other opportunities in the Asia Pacific Region; and Pursuing selective acquisition and exploration opportunities to grow the business.

OceanaGold Corporation Fact Book 2012

11

Investment Highlights

Experienced Gold Producer Organic Growth Strategy Asia Pacific Focus Solid production growth with reducing cash cost profile Largest gold producer in New Zealand Proven & probable reserves of 3.65 million ounces of gold and 229,000 tonnes of copper Total Resources of 10.3 million ounces of gold and 363,000 tonnes of copper Construction commenced on the Didipio Gold-Copper Project in Philippines schedule to commission in Q4 2012 Strong management team with significant experience and proven track record in acquiring, developing and operating gold mines Solid reputation for operational excellence with metallurgically complex ore bodies in environmentally sensitive areas Extensive history of successful commitment to sustainability
Top right: Macraes ROM pad adjacent to processing plant Below: Didipio Project, construction site overview, March 2012 Bottom: Reefton processing plant, New Zealand

12

 Operating Summary

OceanaGolds current producing assets are Macraes (Open Pit and Frasers Underground) and the Reefton Open Pit mine, located in the South Island of New Zealand. Financial Statistics Gold Sales (Ounces) Average Price Received (US$ per ounce) Cash Operating Cost (US$ per ounce) Cash Operating Margin (US$ per ounce) Non-Cash Cost (US$ per ounce) Total Operating Cost (US$ per ounce) Combined Operating Statistics Gold Produced (ounces) Total Ore Mined (tonnes) Ore Mined Grade (grams/tonne) Total Waste Mined (tonnes) incl pre-strip Mill Feed (dry milled tonnes) Mill Feed Grade (grams/tonne) Recovery (%) 2011 249,261 1,587 875 712 350 1,225 2011 252,499 8,103,693 1.21 59,176,017 7,588,354 1.25 82.9% 2010 268,087 1,140 570 570 260 830 2010 268,602 7,905,464 1.43 57,643,657 7,081,488 1.45 81.6% 2009 300,044 790 411 379 219 630 2009 300,391 6,258,806 1.85 61,087,834 6,913,713 1.68 80.0% 2008 264,124 822 532 290 190 722 2008 259,812 5,629,135 1.69 52,726,488 6,737,962 1.52 79.1% 2007 177,722 697 556 141 190 746 2007 183,209 4,680,384 1.41 55,748,837 6,166,485 1.20 77.5%

Full details can found in the quarterly Management Discussion and Analysis (MD&A) documents available on the Company website.

OceanaGold Corporation Fact Book 2012

13

Portal to Frasers Underground mine within the Macraes Open Pit

Operations

15

Open Pit

Mine Type

4.55 1.41
Estimated Mine Life (Based on current reserves) Gold Reserves (Moz)

Gold Resources (Moz)

2019
Gold Production (oz per annum)

Top: Aerial view of Macraes Goldfield Bottom: Autoclave at Macraes processing plant

125,000 145,000
to
16

Mining Fleet QTY Gross Weight Payload Type (tonnes) Excavators Dump Trucks Water Trucks Drills Tracked Dozers CAT Graders Wheeled Dozers Loaders 4 18 2 4 4 3 1 4 180 350 250 318 69 18 55 21 39 tonnes 147 191 tonnes 59,000 130,000 L 7 15 tonnes

 Macraes Goldfield, New Zealand: Macraes Open Pit

The Macraes Goldfield is New Zealands largest gold producing operation and consists of the Macraes Open Pit and Frasers Underground mine with an adjacent process plant inclusive of an autoclave for pressure oxidation of the ore. OceanaGolds mining and exploration tenements at Macraes cover a contiguous area of more than 25,000 hectares. The Macraes mine is located 90 kilometres north of Dunedin in the Otago region of New Zealands South Island. It has been in operation since 1990 and has produced over 3.5 million ounces of gold (as at the end of February 2012). Ore Body The Macraes ore body is located within a shallow dipping shear zone which dips 15 20 degrees to the Northeast and has a known strike extent in excess of 30 kilometres. Gold is mostly associated with sulphides, and occurs principally as microblebs within pyrite and arsenopyrite grains. This gold is refractory and is not readily recoverable by standard cyanidation methods. Mining Frasers Stage 5 and Frasers West are the only open pit stages currently being mined and supply approximately 4.9 million tonnes of ore per annum to the process plant, while the Frasers Underground mine supplies a further 0.9 million tonnes of ore per annum. Stockpiles of ore provide supplementary feed when required. The current combined open pit, stockpile and underground reserves of 1.6 million ounces of gold support a mine life at Macraes extending to at least 2019. Benches of 7.5 metres are drilled and are mined in three 2.5 metre flitches. Mine Technicians collect samples from the drill rig at 2.5 metre vertical intervals which are dispatched to an on site laboratory for gold analysis. The Mine Geologists use the assay data, in conjunction with geological mapping, to create a 3D model of the grade distribution for each flitch. These models are used to delineate areas of ore and waste. Explosives are blasted to loosen the rock prior to excavation by hydraulic diggers. In areas containing gold, Ore Spotters are employed to supervise the extraction of the ore. Dump trucks haul the ore to the Run of Mine (ROM) pad for processing to begin, whilst waste rock (rock that doesnt contain gold) is hauled to rock stacks, designed to blend in with the surrounding landscape. The average Life of Mine strip ratio is approximately 10-12:1 however may fluctuate year on year depending on the mine plan and amount of pre strip activity. At Macraes, average mining costs for the open pit is approximately US$1.80 US$2.00 per tonne mined. History of mining at Macraes The Macraes area is a mature exploration province with the earliest alluvial mining occurring in 1862. In 1989, the original Macraes tenements were sold by Golden Point Mining and BHP Gold Mines (New Zealand) to the Macraes Mining Company. After a series of company name changes, OceanaGold became the owner in May 2004. In January 2008, the Frasers Underground mine was commissioned.

Operational Statistics Macraes Goldfield operation statistics include Macraes Open Pit and Frasers Underground mines Operating Statistics Gold produced (ounces) Total Ore Mined (tonnes) Macraes Open Pit Frasers Underground Ore Mined grade (grams/tonne) Macraes Open Pit Frasers Underground Total Waste Mined (tonnes) incl pre-strip Mill Feed (dry milled tonnes) Mill Feed Grade (grams/tonne) Recovery (%)
OceanaGold Corporation Fact Book 2012

2011 174,851 6,589,904 5,742,884 847,020 1.07 0.90 2.20 44,407,352 5,817,001 1.12 83.3%

2010 182,759 6,365,855 5,446,063 919,792 1.26 1.02 2.66 43,944,947 5,458,607 1.28 81.3%

2009 213,049 4,833,671 3,927,997 905,674 1.67 1.40 2.83 48,578,180 5,635,537 1.47 79.6%

2008 183,680 4,322,001 3,605,788 716,213 1.52 1.37 2.28 40,339,489 5,545,008 1.31 78.6%

2007 145,312 3,796,184 3,241,586 554,598 1.22 1.08 2.04 43,752,396 5,564,873 1.05 77.5%
17

 Macraes Goldfield, New Zealand: Frasers Underground

Frasers Underground mine was developed to target down-dip extensions of the Hangingwall Shear mineralisation currently being mined in the Macraes Open Pit. The underground mine, which was commissioned in January 2008, is currently 625 metres below surface and 110 metres below sea level, with 24 kilometres of developed tunnel drives. Mining is focused on the higher grade, upper section of the Hangingwall Shear. Drilling from the dedicated exploration drive is ongoing and continues to extend mine life. Ore Body The ore body is the down dip extension to Macraes, open at depth and sits on the Hangingwall Shear as well as along structurally lower, sub-parallel shears. Within Panel 2 of the Frasers Underground mine, the Hangingwall Shear mineralisation is typically between 5 and 10 metres thick. Mining Mining is performed using retreat long hole open stoping. Narrow pillars are left between the stope voids which are 15 metres wide and up to 200 metres long. Production stoping has recently commenced along a second and thinner mineralised shear, 10 to 20 metres beneath, and sub-parallel to the Hangingwall Shear. OceanaGold continues to drill in front of the mining face to keep reserves ahead of the mining phase and thus mines one year and replaces with one year of reserves. In December 2011, the Company announced an increase in resources which is expected to extend the mine life for a further three years to 2017. The mine produces about 900,000 tonnes of ore per year using a highly mechanised mining fleet of electric/hydraulic powered drill rigs, large 50 tonne dump trucks and remote controlled loaders that enter the mining stopes that are too dangerous for personnel. The main entrance to the mine is a 5.0 metre wide by 6.0 metre high decline that spirals down beside the ore at a gradient of 1 vertical metre per 7 horizontal metres and access to the mining areas is by smaller 4.5 metre by 4.5 metre headings. Fresh air, at a rate of 2,010 cubic metres per second is brought into the mine via the decline and a 350 metre long vertical shaft. The shafts ladderway provides an additional entry/exit point to the mine. A dewatering station pumps out water up to 17 litres per second. Other infrastructure underground include a refuelling station, emergency shelter, explosives magazine, pumping stations, electrical transformers, a lunch room and small workshops. Mining costs at the underground mine are approximately US$40 US$45 per tonne of ore mined.

Underground

Mine Type

1.19 0.18
Estimated Mine Life Gold Reserves (Moz)

Gold Resources (Moz)

2017
Gold Production (oz per annum)

40,000 50,000
to
18

 Processing

OceanaGold currently operates two processing plants in New Zealand. At Macraes, the processing plant is situated within short distance of the open pit and includes a pressure oxidation plant for the processing of sulphide ore. The Macraes process plant is capable of treating approximately 6 million tonnes of ore per annum which is put through crushing, grinding, flotation, fine grinding, pressure oxidation, carbon in leach (CIL), elution, electro winning and smelting. Refractory ore requires multistage processing to increase recoveries. Since 2007, flotation concentrate from the Reefton mine has been transported by rail and road to Macraes to utilise surplus autoclave capacity. At the second processing plant in Reefton, the ore is put through crushing, grinding, flotation and concentrate dewatering. The processing plant is operating well above its design capacity of 1 million tonnes per annum with current throughput approximately 1.7million tonnes per annum. At Macraes, the Ball Mill Work Index is 12.5 kilowatt hours per tonne (kWh/t). At Reefton, the Crushing Work Index averages 11.6 kWh/t and the Ball Mill Work Index is 17.0 kWh/t. Refractory gold concentrate produced from the Reefton processing plant is transported 600 kilometres by road, rail, and then road again to Macraes for treatment through the autoclave pressure oxidation and carbon in cyanide leaching to release the gold. Without this technology it would be hard to realise the value as direct leaching of refactory concentrate to obtain gold results in very poor recoveries. Flotation recovery is approximately 88-90%, CIL recovery is around 90-93% with an overall recovery greater than 80% achieved over the last three years. Overall recovery improvement has been achieved through optimising autoclave oxidation rates to produce better CIL recoveries. The end product is a bar of dor bullion which is approximately 90% pure weighing 18-20 kilograms and containing around 600 gold ounces. The dor bars are sold and transported to the Perth (Australia) Mint for further refinement. Routine maintenance is carried out at the process plants to ensure optimal throughput and efficiency. Sections of the plant are shutdown at different frequencies and duration to allow maintenance to be conducted. As a result, plant utilisation is approximately 96% of the year. Processing costs for Macraes Open Pit and Frasers Underground are approximately US$9.00 per tonne of ore milled. Reefton processing costs include additional transportation costs of approximately US$13 per ounce and on average 50,000 tonnes of concentrate are transported annually.
Cleaners 4x38 m3 Unit Cells and Cleaners CleanerScavengers 3 5x38 m

Flow diagram for Macraes processing plant

Run-ofMine Ore ROM Bin Recleaners 6x16 m3 Emergency Feed Scats Jaw Crusher Ball Mills

Cyclones

Grizzly Run-ofMine Ore ROM Bin

SAG Mill 01

Mill 02 15m Con Wash Thickener Regrind Mill Wash Water Campaign Treatment Autoclave Discharge Wash Thickeners Discharge Wash Solution Eluate Loaded Carbon Macraes Con Storage Vent Scrubber Flash Vessel

Limestone Mill 350

Jaw

Mill 500 Rougher/scavengers 3 X 300 m3 and 2 X 150 m3

Autoclave

From Reefton Reefton Con Storage CIL 1 CIL 2 CIL 3

Regen Elution Kiln Column Barren Carbon CIL Tail CIL 4

Inco Cyanide Kill Unit

Repulp Storage Bin

Isamill

Float Tail

CIL 5

CIL 6 Tk-09

Gold Bullion

Barring Furnace

Electrowinning Cells Float Tails

Mixed Tails Dam

OceanaGold Corporation Fact Book 2012

19

Open Pit

Mine Type

1.20 0.37 2015-2017 55,000 75,000

to
20

Gold Resources (Moz)

Top and left: Reefton processing plant

Gold Reserves (Moz)

Estimated Mine Life (Based on current reserves)

Quick Facts: A 789C dump truck fully loaded with ore (190 tonnes) consisting of an average grade of 1.5 grams per tonne would equate to approximately 285 grams of gold. That would be nine teaspoons which in todays market (Mar 2012) would fetch roughly US$17,000 (NZ$14,000). A 789C dump truck fuel tank capacity is 2,500 litres which is burnt off at approximately 160 litres per hour on an average load. Mining Fleet QTY Gross Weight Payload Type (tonnes) Excavators Dump Trucks Water Trucks Drills Tracked Dozers CAT Graders Wheeled Dozers Loaders 3 13 2 3 3 2 1 3 180 250 70 25 21 tonnes 93144 tonnes 30,000 L 10 tonnes

Gold Production (oz per annum)

 Reefton Goldfield, New Zealand: Reefton Open Pit

The Reefton mine was commissioned in 2007 and comprises of a series of open pits developed along a major regional shear structure and its offshoots with a combined area of 23,412 hectares. It is located seven kilometres southeast of the township of Reefton a historic mining district in the West Coast region of New Zealands South Island. Ore Body Mineralisation is hosted within a complex network of shears that typically dip at 60 degrees near-surface and shallow to 40 degrees at depth. Underground miners historically worked high grade quartz shoots, hosted within these shears. A proportion of these shoots remain as high grade pillars and are recovered via open pit mining at Globe. The main focus of the Globe Open Pit however is the enveloping network of shearing which hosts refractory gold within sulphides. The ore zone varies in thickness between 2 metres and 30 metres and exhibits extensive lateral and vertical continuity. A variety of ore textures are present. Typically a central core of quartz breccias (quartz shoots) is enveloped by black foliated clay rich rock, containing clasts of sheared greywacke, argillite, and quartz. A disseminated arsenopyrite and pyrite sulphide halo (refractory) surrounds the sheared core. Mining The ore is supplied from two open pits along a 2 kilometre length of mineralised shear zone. The mining operation consists of the main Globe Progress Open Pit which includes the General Gordon and Souvenir ore bodies. The pit is mined in ten stages. All satellite pits are backfilled and haul roads are designed at a 1:9 gradient to reduce the mining footprint. The topsoil is removed from disturbed areas and stored for use during the rehabilitation of the mine. The ore is drilled for grade control on a 5 metre by 5 metre pattern using RC drilling techniques. Blast holes are drilled separately. The ore is then blasted to 7.5 metres and mined selectively in 2.5 metre flitches to reduce ore loss and dilution. Total material movement (total ore mined plus total waste mined) has increased annually since commissioning in 2007, to 16.3 million tonnes in 2011 mainly from the Globe Progress pit, but with smaller quantities from satellite pits. The Reefton mine operates 24 hour days, 7 days per week, with 12 hour shifts and the transition to owner mining was completed in April 2011. The average Life of Mine strip ratio is approximately 9-12:1 however may fluctuate year on year depending on the mine plan and amount of pre strip activity. Reefton mining costs are approximately US$2.30 to US$2.50 per tonne mined. Reefton History The Reefton goldfield is historically one of New Zealands most prolific gold mining areas, having produced over two million ounces of gold from underground mining from when gold was first discovered in the Reefton area in about 1870 until the last underground mine closed in 1951. The Reefton goldfield is home to two dominant styles of gold mineralisation; high grade coarse native gold associated with minor sulphides in quartz veins and lower grade microscopic refractory gold within sulphides. While the coarse native gold is historically important, the second style of lower grade mineralisation adjacent to the main gold bearing shear zones is the projects current target.

Operational Statistics Reefton Goldfield Gold produced (ounces) Total Ore Mined (tonnes) Ore Mined grade (grams/tonne) Total Waste Mined (tonnes) incl pre-strip Mill Feed (dry milled tonnes) Mill Feed Grade (grams/tonne) Recovery (%)
OceanaGold Corporation Fact Book 2012

2011 77,648 1,513,789 1.80 14,768,665 1,771,353 1.67

2010 85,843 1,539,609 2.11 13,698,710 1,622,881 2.01

2009 87,342 1,425,135 2.46 12,509,654 1,278,176 2.60

2008 76,132 1,307,134 2.24 12,386,999 1,192,954 2.47

2007 37,897 884,200 2.24 11,996,441 601,612 2.60

81.4% 82.5% 81.5% 81.8% 77.1%

21

 Didipio Project, Philippines

In June 2011 OceanaGold recommenced construction of the high grade gold copper Didipio Project located in Luzon, approximately 270 kilometres north of Manila in the Philippines. The project is expected to commission in Q4 2012 and will transform the Company into a significant Asia Pacific gold producer in the lowest half of the cash cost curve. OceanaGold acquired the Didipio Project through the merger with Climax Mining in November 2006. Cash costs after copper bi-product credits over the life of mine are expected to be US$372 per ounce (at US$3/lb copper) and when combined with current operations, will dramatically decrease the average cash cost across the business. Ore Body Chalcopyrite (sulphide mineral of copper and iron) and gold are the main economic minerals in the deposit. Chalcopyrite occurs as fine-grained disseminations, aggregates, fracture fillings and stock work veins, particularly within the vein zone of alteration. Some bornite (also a sulphide mineral of copper and iron) is also present. The ore body contains a higher concentration of copper near surface and hence copper production in the early years is expected to be higher than the average life of mine production and lower in the later years. A model of the ore body is available on the following website link: www.oceanagold.com/our-business/ philippines/didipio-project/ Key Project Facts Mine Life: 16 years Project CAPEX (June 2011): US$185m Project Commenced: June 2011 Time to Completion: Commissioning Q4 2012 Reserves: 1.68 Moz Au + 229,000 tonnes Cu Resources: 2.57 Moz Au + 363,000 tonnes Cu Mining Method: Open Pit: Life of Mine (LOM) and Underground: SLOS2 from year 8+ Average Annual Production (LOM): 100,000 ounces Au 14,000 tonnes Cu Cash Costs1: Years 1-6: Negative cash cost1 of US$(79)/oz Au LOM: US$372/oz Au Throughput: Expected to reach 3.5Mtpa by end 2014 Potential for further expansion Strip Ratio: 3.45:1
Below: View of operations village at Didipio Project, April 2012

Ownership: 92% OGC, 8% local partner

1 2

Using US$3.00/lb copper bi-product credit Sub Level Open Sloping

22

Mining Open Pit Strip ratio 3.45:1 Five pit stages 300m deep open cut down to an elevation of 2380mRL Conventional drill and blast Double ramp access Loading of haul trucks by hydraulic excavators Open pit mining costs are forecast at US$2.20 per tonne mined Underground Sub-level open stoping with cemented paste backfill Mines in parallel with the open pit Decline commences in 2016 from side of open pit Near full production 2021, due to bottom up sequence Base level 2180mRL Maximum mining rate 1.2Mtpa Six year production life after development Underground mining costs are forecast at US$34 per tonne of ore mined

Processing A mineral processing facility will be constructed to the north of the open pit mine. Ore processing will be by conventional SAG/Ball mill grinding circuit followed by froth flotation for recovery of gold/copper concentrate. A gravity circuit is incorporated within the grinding circuit to produce gold bullion on site. Concentrate will be transported by road to existing port facilities for export. Initial throughput is planned for 2.5Mtpa building up to 3.5Mtpa by the end of 2014. The plant has been designed in a linear formation allowing for future expansion. The Ball Mill Work Index is 14.6 kilowatt hours per tonne. Life of Mine processing costs are estimated to be US$11-US$13 per tonne milled of which 50% represents diesel power for the generators. OceanaGold will also review connectivity to grid power, however self generation is deemed necessary regardless to ensure the reliability of power supply.

Projected Key Operating Costs (NI 43-101 Report, 29 July 2011) Volumes Total Material Mined Total Ore Mined Total Ore Milled Product Sold Gold in Dor Gold in Concentrate Copper in Concentrate Concentrate (dry) Sold Concentrate (wet) at Mine Gate Open Cut Underground Unit Processing Overheads & Site Costs
OceanaGold Corporation Fact Book 2012

Life of Mine 207.8 52.9 52.9 436.4 1134.2 482.7 888.7 987.5 2.2

2012 8.8 1.6 0.3 0.8 3.4 2.3 4.4 4.9

2013 20.1 8.6 2.5 21.5 54.5 38.1 72.0 80.0

2014 23.1 5.8 3.1 26.3 66.4 41.3 78.0 86.6

2015 22.4 4.1 3.5 28.7 74.6 40.8 77.1 85.6

2016 23.6 5.8 3.5 27.5 68.5 39.1 73.9 82.1

Mt Mt Mt koz koz Mlb kt kt US$/t moved US$/t mined US$/t milled US$/t milled

Mining Costs 0.6 2.1 2.1 2.1 2.1 - - - - 8.2 8.5 13.4 6.6 12.8 5.3 11.4 4.5 11.3 4.6
23

33.5 11.2 4.5

Processing Costs Other Site Costs

Construction path to commissioning

Jun 2011: Day 1 Construction commenced

Jul 2011: Site access road repairs

Aug 2011: Operations Village site preparation

Sep/Oct 2011: Site excavation and earthworks

Nov 2011: Concrete pouring commences

Dec 2011: Concentrate storage area

Jan 2012: Mining commences

Feb 2012: TSF Crusher screening area

Q4 2012 Commissioning

Mar 2012: TSF under construction

24

Apr 2012: Plant site first steel

Financial or Technical Assistance Agreement (FTAA) The Didipio Project is held under the FTAA between OceanaGold and the Philippines government. The FTAA covers an area of approximately 158 square kilometres in the provinces of Nueva Vizcaya and Quirino. In accordance to the FTAA agreement the project Net Revenue shall be shared on a 60/40 basis, of which 60% of the net will be the Governments portion and 40% will be that of OceanaGold. The Company has a period of up to five years to recover its initial investment, only after which period shall the right of the Government to share in the Net Revenue accrue. The initial investment includes not only the construction and development of the project but also payments to claim owners and landowners, exploration programs, maintenance of exploration tenement, feasibility studies, administration of offices, financing costs and the net commissioning cost up to commercial production. It also includes payments made by predecessor companies.

Didipio Phase II Following commissioning of Didipio, OceanaGold plans to conduct a definitive feasibility study in 2013 with the aim of increasing the plant capacity from 3.5Mtpa to 5Mtpa. The current plant design was based on equipment already purchased and in storage prior recommencement of construction. The plant expansion would require additional ball mills, flotation, power supplies and thickeners. Nominal production rate is forecast to increase to 150,000 ounces of gold and 20,000 tonnes of copper per annum.
6 300

250

4 Throughput Mtpa

200 Gold 000 oz

25

The Contractors corporate tax, excise tax, royalties, free carried interest and other taxes shall be included in the 60% Government share. The Company has been granted a six year corporate tax holiday with a potential extension for a further two years. Further details can be found in the NI 43-101 Technical Report for the Didipio Project dated July 29 2011, available on the Companys website.

150

100

50

0 2014E 2013E 2015E 2016E

Throughput Gold Production Total Gold Equivalent Production

OceanaGold Corporation Fact Book 2012

 Exploration

OceanaGolds exploration strategy is focused on discovery that has potential to extend the mine life at its operations. In 2011, the Company invested US$10.7 million with the majority incurred in New Zealand and plans to invest US$10 - US$15 million in exploration in 2012 in New Zealand and up to US$5 million in the Philippines. New Zealand Macraes The Macraes exploration permits cover 35 kilometres of strike length of the mineralised Hydes-Macraes shear. At the Macraes Open Pit, the exploration program consists of 120 holes comprising 10,742 metres of RC drilling and 737 metres of diamond drilling. Exploration drilling is currently underway at several locations including immediately south of the Frasers Underground mine and between 2.5 and 3.5 kilometres north of the Macraes Open Pit targeting blind mineralisation. The Frasers Underground exploration drive step out surface drilling continues to be successful intersecting mineralisation down dip. Mineralisation extends to the north and north-east of underground workings and the deposit remains open in both directions. An updated resource statement was announced in December 2011 with the mine life expected to extend to at least 2017. Exploration drilling will continue in the down dip areas of Panel 2 to upgrade inferred resources to indicated resources and ultimately to reserves. Reefton At Reefton, exploration during 2011 was focussed on drilling, additional mapping and sampling programs. The historic Blackwater Project located 15km from the Reefton process plant produced 740,000 ounces of gold at an average grade of 14.6g/t until the mine shaft closed in 1951. OceanaGold acquired the Blackwater Project in 1997 along with detailed information of historic mining. In late 2011, a deep-drilling program commenced intended to test continuity of mineralisation below the level of the historic workings. The drilling program is oriented to defining an inferred resource of around 500,000 ounces that has potential to support production of 50,000 ounces per annum with a definitive feasibility study planned for 2013. In April 2012, the Company announced initial drill results with successful intersection of the high grade quartz reef reporting 1.0 metre (0.5 metre true width) at 23.3 g/t Au. The Globe Deeps preliminary geological interpretation was completed with a 95,000 ounce inferred resource announced in 2011. An 18 hole deep drilling program commenced in 2011 and the program aim is to consolidate mineralisation as well as extensions beneath the pit floor design. At Target 38, RC and heli-diamond drilling is to continue in 2012 targeting a coincident arsenic and gold soil anomaly. Philippines Exploration in the Philippines focused on copper and gold surface anomalies within the Financial or Technical Assistance Agreement (FTAA) area. Additional porphyry systems in the exploration lease and multiple drilling targets have been identified. The Mogambos prospect is currently in drill ready status with scout drill holes planned to test the Cu-Au soil anomalies. The timing is dependent upon receipt of permit. Grid soil sampling continues at the MMB and TNN areas with additional mapping and sampling planned to determine the extent of delineated Au-Cu geochemical anomalies and assist with identification of drill targets. At Papaya, grid soil sampling results have identified two multi-element geochemical anomalies. At the DBeau Cu-Au prospect, scout drill holes are planned and expected to be advanced to drill-ready status during 2012.

26

Reefton Exploration Overview

Regional drilling at Reefton, New Zealand

Didipio FTAA Philippines Exploration Overview

OceanaGold Corporation Fact Book 2012

27

 Reserves & Resources

As OceanaGolds main listing is on the Toronto Stock Exchange, the Company adopts the Canadian Institute of Mining NI 43-101 listing requirement of publishing its resource inventory. Mineral Reserves
6.00

5.00

4.00 Gold and gold equivalent Moz

As at 31 December 2011, OceanaGold had a total Measured and Indicated Mineral Resources of 6.71 million ounces of gold and 291,000 tonnes of copper. This includes Mineral Reserves of 3.65 million ounces of gold and 229,000 tonnes of copper. The tables below summarise the Companys mineral resource and mineral reserve inventories as at 31 December 2011. The mineral resources stated include the mineral reserves.

3.00

2.00

1.00
Gold Copper Equivalent Gold

Dec 2010

Mineral Resource Statement as at December 31, 2011

Resource Area Macraes Total Reefton Total Sams Creek Total Didipio Total
Mt

Measured
Au g/t Au Moz Cu % Cu Mt Mt

Dec 2011

Dec 2008

Dec 2009

0.00

Indicated
Au g/t Au Moz Cu % Cu Mt Mt

Measured & Indicated

Au g/t Au Moz Cu % Cu Mt Mt

Inferred Resource
Au g/t Au Moz Cu % Cu Mt

26.29 1.41 2.00 . 1.96 .

1.19 0.13 . 0.86 2.17

. . . 0.56 .

. . .

76.76 1.10 10.17 1.68 . .

2.71 0.55 . 1.27 4.53

. . . 0.37

. . .

103.04 1.18 12.17 1.72 . .

3.90 0.67 . 2.13 6.71

. . . 0.41 .

. . . 0.29 0.29

49.4 4.5 13.5 30.7 98.1

1.2 3.7 1.8 0.4 1.1

1.84 0.53 0.77 0.44 3.58

. . . 0.23 .

. . . 0.07 0.07

15.96 1.67

0.09 54.21 0.73 0.09 141.14 1.00

0.20 70.17 0.95 0.20 185.39 1.13

Total Resource 44.25 1.53

The Macraes and Reefton mineral resource figures were updated since the Macraes and Reefton Technical Reports due to depletion and were released by the Company on February 24, 2012.

Mineral Reserves Statement as at December 31, 2011

Reserve Area Macraes Total Reefton Total Didipio Total Total Reserve
Mt

Proved
Au g/t Au Moz Cu % Cu Mt Mt

Probable
Au g/t Au Moz Cu % Cu Mt Mt

Proven & Probable

Au g/t Au Moz Cu % Cu Mt

19.57 1.28 1.55 1.91 13.79 1.60 34.92 1.44

0.81 0.10 0.71 1.61

. . 0.59 0.59

. .

22.09 1.10 4.70 1.81

0.78 0.27 0.97 2.03

. . 0.40 0.40

. .

41.66 1.19 6.25 1.84

1.59 0.37 1.68 3.65

. . 0.45 .

. . 0.23 0.23

0.08 36.86 0.82 0.08 63.65 0.99

0.15 50.65 1.03 0.15 98.57 1.15

The Macraes and Reefton mineral reserve figures were updated since the Macraes and Reefton Technical Reports due to depletion and were released by the Company on February 24, 2012. Macraes Operations and Reefton Operations cut-off is based on US$950/oz gold. The estimates of mineral reserves for the Macraes Operation and the Reefton Operation were prepared by, or under the supervision of, K. Madambi. Didipio Gold-Copper Project cut-off is gold equivalent based on US$950/oz gold and US$2.85/lb. copper. Prior year gold equivalent based on cut-off prices used in the prior year. The estimates of mineral reserves for the Didipio Gold-Copper Project were prepared by, or under the supervision of, K. Madambi. Figures are in-situ delivered to ROM (no mill factor applied).

28

 Sustainability

Delivering long term sustainable benefits to local communities Achieving sustainable benefits beyond the lifecycle of projects in the community in which we operate is a key objective for OceanaGold Corporation. The Company has over twenty years of operating experience in community and environment initiatives in New Zealand. The Companys strategy is to apply this experience in enhancing the culture of sustainability and community engagement in the Philippines. OceanaGolds commitment to innovative and effective sustainability outcomes that meet, and wherever possible, exceed industry benchmarks for excellence in environment, community, health and safety and workplace programs applies across the business. In 2009, the Companys first Corporate Social Responsibility (CSR) policy was approved by the Board of Directors. The CSR policy guides all company decision making and management, and outlines OceanaGolds sustainability philosophy, including its approach to human rights. The Sustainability Committee is led by OceanaGold Chairman, Jim Askew, and includes Board members Joey Leviste, Bill Myckatyn and Denham Shale. With four years data now available, OceanaGolds ability to track and compare sustainability performance over the period provides clear evidence of the progress. Further details on sustainability and community relations can be found in OceanaGolds Sustainability Report available on the Company website. Extract of Initiatives Environmental Tree nursery and reforestation program with over 103 hectares and 250,000 seedlings planted at Didipio Fruit and vegetable research and development at Didipio in conjunction with the local university e.g disease resistant banana plantlets supplied Macraes Trout Hatchery established in 2004 Rehabilitation planting program at Reefton Partner to the Negotiated Greenhouse Gas Agreement with the New Zealand Government Community Relations Sponsored medical missions (health, dental, optical) to Didipio and other remote communities benefitting over 8,500 people since 2007 Scholarship programs and educational support in Philippines with 157 scholarships awarded to Didipio Valley students and 41 graduating with university degrees Didipio Community Development Corporation (DiCorp) established in Philippines with preferred status on certain long-term contracts such as road maintenance and catering Social Development & Management Plan (SDMP) established as part of FTAA with 1.5% of Didipio operating costs allocated to projects such as health, education, infrastructure, public safety, livelihood and environment Sports sponsorship of local rugby, cricket and basketball teams Heritage research, archaeological survey and historical restoration in New Zealand

Reforestation and agricultural programs in Philippines and New Zealand

OceanaGold Corporation Fact Book 2012

29

Didipio Project, Northern Luzon, Philippines. Process plant under construction, March 2012

Financials and Investor Information

31

 Five Year Financial Summary

Statement of Operations US$ Year Ended 31 December Gold revenue Cost of sales, excluding depreciation and amortisation General & Administration Foreign Currency Exchange Gain/(Loss) Other income/(expense) EBITDA (Excluding gain/(loss) on undesignated hedges) Depreciation and amortisation Net interest expense Earnings/(loss) before income tax and gain/(loss) on undesignated hedges Tax on earnings/loss Earnings/(loss) after income tax and before gain/(loss) on undesignated hedges Release from reserve of deferred unrealised gain/(loss) on designated hedges Gain/(loss) on fair value of undesignated hedges Tax on (gain)/loss on undesignated hedges Net earnings/(loss) Net Earnings Per Share US$ Basic earnings/(loss) per share Diluted earnings/(loss) per share Weighted average no. of shares for diluted EPS (000) Cash Flows Cash flows from Operating Activities Cash flows from Investing Activities Cash flows from Financing Activities Balance Sheet as at 31 December Cash and cash equivalents Other Current Assets Non Current Assets Total Assets Current Liabilities Non Current Liabilities Total Liabilities Total Shareholders Equity 154,555 (146,595) (16,110) 2011 IFRS 169,989 56,491 591,155 817,635 123,623 215,772 339,395 478,240 52,260 (107,809) 186,798 2010 IFRS 181,328 47,320 477,568 706,216 63,091 209,984 273,075 433,141 94,183 (71,013) 2,933 2009 IFRS 42,423 30,032 433,541 505,996 185,061 138,656 323,717 182,279 47,725 (108,316) (49,134) 2008 GAAP 9,711 35,980 584,299 629,990 89,105 294,229 383,334 246,656 10,675 (118,675) (140,756) 2007 GAAP 119,837 35,401 652,704 807,942 78,095 375,682 453,777 354,165 $0.17 $0.17 307,023 $0.20 $0.20 270,999 $0.32 $0.29 214,192 ($0.34) ($0.34) 161,635 ($0.47) ($0.47) 146,777 2011 $000 395,609 (216,789) (14,537) 320 (680) 163,923 (85,822) (12,909) 65,192 (21,025) 44,167 44,167 2010 $000 305,638 (150,697) (13,805) (961) (660) 139,515 (69,337) (14,780) 55,398 (22,638) 32,760 16,215 (4,540) 44,435 2009 $000 237,057 (121,310) (9,179) (24) (366) 106,178 (66,181) (14,389) 25,608 (11,865) 13,743 58,241 (17,472) 54,512 2008 $000 217,214 (138,154) (15,388) 2,254 133 66,109 (50,547) (18,056) (2,494) (1,051) (3,545) 279 (73,408) 21,939 (54,735) 2007 $000 104,395 (81,669) (11,632) (2,661) 291 8,724 (28,790) (12,702) (32,768) 7,307 (25,461) (16,407) (45,847) 18,676 (69,039)

OceanaGolds financial year end is 31 December and the Companys financial information is presented in United States dollars (US$), unless otherwise stated.
32

Operating Costs

OceanaGolds current operating assets are located in New Zealand. In 2011, labour, maintenance and diesel made up the majority of the costs of which a large proportion is fixed (hence cash cost per ounce sold decreases with increased gold ounces sold). As OceanaGold reports its financial results in United States Dollars (USD) the foreign exchange rate used for translation may have a material impact on the reported costs. Cash spent on pre stripping is capitalised in the balance sheet and amortised against future production in the profit and loss statement. In 2011 the volume of capitalised pre strip reduced which resulted in a higher proportion of waste expenditure being expensed rather than capitalised and was a key contributor to the rise in the reported cash cost per ounce. Royalties In New Zealand (for Macraes and Reefton), royalties to a maximum of 1% ad valorem or 5% of accounting profits, whichever is greater, are payable to the Crown annually. Most of the Reefton Project tenements are also subject to an agreement with Royalco Resources Limited (Royalco). For the Reefton mine, the amount of royalty payable varies from 1,000 to 5,000 ounces of gold per year, according to the gold price at the time the royalty is due. The Globe Progress Open Pit component of the Reefton Project pays a royalty based on the NZ$ gold price. At a gold price of NZ$900 per ounce or greater, the amount is 5,000 ounces p.a. until 400,000 ounces has been produced from this tenement. As at the end of 2011, Reefton has produced 364,862 ounces of gold. Other areas in the Reefton Goldfield outside of this tenement are subject to a variable royalty of between 1% and 3% annual gold production, however based on current forecasted mining areas, this is not applicable. In 2011, royalties represented approximately 3% to 4% of gold sales and are included in the reported cash cost amount.
5

Quick Facts Approximately 65-70% of the cash costs are denominated in New Zealand Dollars (NZD) OceanaGold consumes approximately 3.5 million litres of diesel per month in New Zealand Electricity is sourced from hydro power and during the dry season, approximately 65%-80% of power is hedged and averages approximately NZD ~8-12c per kilowatt hour Annual power consumption is 245 million kwH per annum Consumables includes reagents, spare parts, lubes and other plant costs

2011 Cash Cost Split (NZD)

8 7 6 1

2 4 3

1 Employees and other labour costs 24% 2 Maintenance 17% 3 Diesel 16% 4 Consumables 13% 5 Contractors 12% 6 Electricity 7% 7 Royalities 6% 8 Other 5%

OceanaGold Corporation Fact Book 2012

33

 Capital Expenditure and Convertible Notes

In 2011, OceanaGold invested US$147 million on capital expenditure (capex) which included US$66 million on the Didipio Project construction and US$11 million on exploration and the balance mainly attributable to expenditure in New Zealand. In New Zealand, capex consists of sustaining and rehabilitation, and pre stripping expenditure (which has generally been over 50% of the total spend). In 2012, capex in New Zealand (excluding exploration) is forecast to be approximately US$70-US$80 million, slightly higher than previous years due to a new tailings storage facility at Macraes. In the Philippines, total Didipio Project construction cost announced in June 2011 was US$185 million with additional working capital requirements of approximately US$20-US$25 million to be incurred in 2012.

Maturity 120

Convertible notes
7.00%

100

80

60 A$m Principal

5.75%

40

20
Maturity

0 Dec 2012 Dec 2013

Summary terms of convertible notes Issue date Type Principal Coupon Frequency Number of notes Redemption Conversion right Conversion price* Maturity Date 5.75% Dec 12 22 December 2005 Unsecured A$53 million 5.75% p/a Semi annual in arrears 530 109% principal Note holder A$4.1011 22 December 2012 7.00% Dec 13 22 December 2006 A$70 million 7.00% p/a Semi annual in arrears 700 A$77.9 million Note holder A$3.8699 22 December 2013 7.00% Dec 13 22 March 2007 A$30 million 7.00% p/a Semi annual in arrears 300 A$32.8 million Note holder A$4.0640 22 December 2013

Unsecured Unsecured

*Conversion determined by dividing principal amount by conversion price subject to adjustment for certain specified events

34

 Share Information

OceanaGold is listed on the Toronto, Australian and New Zealand stock exchanges under code OGC. As the Companys primary listing is in Toronto, the Company is governed by the requirements of the Toronto Stock Exchange listing rules. OGC shares are fully fungible between the three exchanges. Share price performance OceanaGolds market capitalisation as at 30 April 2012 was US$615 million. During 2011, average daily trading volume was approximately 2.8m shares, an increase of 33% over 2010. In 2011, the Company did not outperform its most important benchmark indices, in what was a disappointing year for gold equities in general. This is against an extremely strong share price performance in 2010 and relative outperformance. The spot gold price briefly hit an all time high of US$1913 per ounce as investors sought the safe haven of gold which overall returned 10% during 2011. Analyst Coverage: OceanaGold is currently covered by 12 brokers in Canada, Australia and New Zealand who regularly publish reports on the Company. Details of the analyst coverage can be found on the company website. Distribution of shareholdings Since listing in on the Toronto stock exchange in 2007, OceanaGold has developed a broad international base of shareholders. Institutional shareholding represents over 70% of issued shares. Shareholders by Region March 2012
4 5 1 North America 42% 2 Australia & New Zealand 31% 3 Europe (incl UK) 24% 4 ROW 2% 5 Asia 1%

3 1

OceanaGolds longer term relative share price performance against the spot gold price and Market Vectors Junior Gold Index
250 225 200 175 150 125 100 75 50 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10 Jul 10 Aug 10 Sep 10 Oct 10 Nov 10 Dec 10 Jan 11 Feb 11 Mar 11 Apr 11 May 11 Jun 11 Jul 11 Aug 11 Sep 11 Oct 11 Nov 11 Dec 11 Jan 12 Feb 12 Mar 12

OGC OGC
Gold Spot US$

Gold Spot US$

GDXJ Market Vectors Junior Gold Miners Index

OceanaGold Corporation Fact Book 2012

GDXJ Market Vectors Junior Gold Miners Index

35

Our Team

James E. Askew

Michael F. Wilkes

J. Denham Shale

Jose P. Leviste, Jr.

Jacob Klein

William H. Myckatyn

Dr Geoffrey W. Raby

Mark Chamberlain

Mark Cadzow

Martyn Creaney

Darren Klinck

Yuwen Ma
36

Dr Michael Roache

Board of Directors James (Jim) E. Askew, Chairman of the Board of Directors (appointed March 2007) Jacob Klein, Non Executive Director (appointed December 2009)

Management Mark Chamberlain Chief Financial Officer >30 years financial experience Capital markets and financial and risk management expertise 17 years industry experience including senior finance roles at Newcrest Mining and Western Mining Corporation Mark Cadzow Chief Operating Officer

Mining engineer with over 35 years Executive Chairman of Evolution experience Mining Limited and a director of Lynas Director and/or Chief Executive Officer Corporation for a wide range of Australian and Former President and CEO of Sino Gold international publicly listed mining, Limited, a company he helped found in mining finance and other mining 2000 related companies Past president of the NSW Branch of Current board memberships: Ivanhoe the Australia China Business Council Mines, Evolution Mining Ltd, Golden William (Bill) H. Myckatyn, Star Resources Ltd and Asian Mineral Non Executive Director Resources Ltd (appointed April 2010) Michael (Mick) F. Wilkes, Professional mining engineer with Managing Director and Chief Executive over 30 years experience in mine Officer (appointed April 2011) development and operations Mining engineer with 27 years industry experience with precious and base metals Developed major projects in Australia and SE Asia including OZ Minerals Prominent Hill copper gold project and Sepon gold copper project for Oxiana in Laos Previously held senior mining roles in Papua New Guinea J. Denham Shale, Lead Director (appointed March 2007) Lawyer in practice in Auckland Director of listed companies for over 20 years and President and an Accredited Fellow of the Institute of Directors in New Zealand Inc. Currently Chairman of Dunedin City Holdings Limited and a director of New Zealand listed Turners Auctions Limited and several private companies Jose (Joey) P. Leviste, Jr. Non Executive Director (appointed December 2007) Current Chairman OceanaGolds wholly-owned subsidiary company in the Philippines, OceanaGold (Philippines), Inc Philippine Resident Representative of the Australia-Philippine Business Council Appointed by President of the Philippines as private sector member of Governing Council of the Philippine Council for Agriculture, Aquatic and Natural Resource
OceanaGold Corporation Fact Book 2012

Metallurgist with >30 years industry experience in mineral processing, precious metals, and sulphide minerals Involved in development of patented processes for the recovery of gold and other minerals Joined predecessor company in 1991 Former Chairman of Quadra FNX Mining and has held various technical and Ltd., until its takeover in 2012, an operations responsibilities intermediate copper and gold producer Martyn Creaney and a company he co-founded as CEO Project Director Philippines in 2002 Currently on the Board of Directors for >30 years construction and project management mainly in mining industry Pacific Rim Mining, First Point Minerals, History of worldwide project San Marco Resources and Delta Gold development including Granny Smith, Dr Geoffrey W. Raby, Big Bell and Porgera gold mines Non Executive Director Industry experience includes 25 years (appointed August 2011) with developing Placer Dome Formerly Australias Ambassador Darren Klinck to the Peoples Republic of China Head of Business Development from 2007 to 2011 Previously a Deputy Secretary in the International capital markets experience in metals and mining Department of Foreign Affairs and Appointed VP Investor Relations in Trade 2007 and current role in 2011 Non executive director of ASX listed Responsible for identifying & evaluating companies Fortescue Metals and external growth opportunities and SmartTrans Holdings Ltd capital markets interface Yuwen Ma Head of Human Resources 20 years Human Resources experience Industry experience includes Eldorado Gold and Sino Gold Mining Ltd Significant Asian experience with multinational corporations Dr Michael Roache Head of Exploration 23 years SE Asian experience Focus on gold exploration and discovery Strong experience in gold deposit styles and porphyries

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 Glossary

Agitator: Mechanical stirrer or shaker Alluvium: Sedimentary material associated with river deposition Assay: Chemical analysis on a sample to determine the concentration of valuable metals Au: Chemical symbol for gold Autoclave: Pressure vessel used to treat refractory ore Backfill: Waste material used to fill voids or pits created by mining Ball Mill: Steel cylinder filled with steel balls into which crushed ore is fed. The ball mill is rotated, causing the balls to cascade and grind the ore Barangay: Administration division of Philippines, a village, district or ward Bi-product credit: Accounting treatment to record proceeds from sales of other commodities against cost of goods sold rather than revenue Bullion: Metal formed into bars or ingots Breccia: Intensely fractured rock resulting in a finely pulverised matrix supporting larger remnant rock fragments Cash Cost: Cost of production per unit sold, typically excluding capital expenditure. Costs include; mining, processing, transport, royalties and related administration Cash Operating Margin: Average gold price received less average cash cost per ounce of gold sold CDI: CHESS Depository Interests are shares held by non-registered shareholders in Australia, units of beneficial ownership on the underlying common shares which are registered in the name of CDN CDN: CHESS Depository Nominees clearing agency in Australia Carbon in Leach: Method of gold recovery where activated carbon is used to retrieve gold from the leach solution Chalcopyrite: Sulphide mineral of copper and iron Copper: Ductile, easily worked metal, a very good conductor of heat and electricity and is used especially for electrical wiring Cu: Chemical symbol for copper Diamond drilling: Diamond-studded drill bits are used to recover intact cylindrical cores of rock, allowing detailed examination of the rock type as well the orientations of geological structures DCDAI: Didipio Community Development Association Inc (Philippines) Decline: Ramp entry into underground mine DENR: Department of Environment and Natural Resources (Philippines) Deposit: Rock containing minerals or metals through natural processes Dor: Final saleable product from a gold mine mainly gold and some silver, ready for further refinement Drilling: Refer to Reverse Circulation and Diamond Drilling EBITDA: Earnings Before Interest, Tax, Depreciation and Amortisation Flotation: Milling process using reagents in which valuable metal attaches to the bubbles and floats as the waste sinks FTAA: Financial or Technical Assistance Agreement (Minerals agreement entered into with Philippine Government) GAAP: Generally Accepted Accounting Practices Geochemistry: Study of the chemical properties of rocks Geology: Study of the Earth and materials of which it is made (rocks) Geophysics: Study of physical properties of rock and minerals Gold: Dense, soft, shiny, malleable and ductile metal Gold Price: Spot gold quoted in USD Grade: Concentration of valuable mineral in a body of rock, normally expressed as grams per tonne or a percentage Hedge: A transaction entered into to offset the adverse price movements of an asset ICAM: Incident Cause Analysis Method IFRS: International Financial Reporting Standards Jaw Crusher: Machine for crushing rock or ore between two heavy steel jaws JORC: Joint Ore Reserves Committee (Australian and New Zealand standard) of the AusIMM Kasibu: Municipality of the Nueva Vizcaya province in the Philippines Life of Mine: The time in which the ore reserves, or such reasonable extension of the ore reserves as conservative geological analysis may justify, will be extracted Luzon: The largest island of the Philippines and includes the capital of Manila NI 43-101: National Instrument Standards of Disclosure of Mineral Projects (Canadian Institute of Mining) Net Smelter Return (NSR): Gross income from the sale of copper and gold less treatment charges, refining charges, metal losses, sea freight, marketing and insurance cost Open pit mining: A mine on the surface (also known as open cast and open cut) Ore: Naturally occurring mineral or rock from which a valuable mineral or metal can be extracted at a profit Ore body: Continuous mass or close grouping of masses of ore Ore Grade: Concentration of metal or valuable mineral in the ore deposit Outcrop: Rock exposure at surface Oxidation: Chemical reaction from the interaction with oxygen PEA: Preliminary Economic Assessment Placer mining: Extraction of minerals using water and gravity Porphyry: Igneous rock consisting of large crystals dispersed in a fine-grade groundmass Pre-Strip: Removal of waste rock overlying an ore body in preparation of open pit mining Recovery: Percentage gold recovered from mill feed Refractory Ore: Ore that requires additional processing, such as intensive particle size reduction or chemical treatment to liberate the commodity of interest Reserves: Mineral resources (see below) that are economically and technically feasible to extract Resources: A concentration or occurrence of minerals for which there are reasonable prospects for eventual economic extraction Reverse Circulation (RC) drilling: RC drilling breaks up the rock into fragments. Water or other fluid mixtures flush the fragments to surface for sampling ROM: Run of Mine SAG Mill: Semi-autogenous grinding employs coarse ore as the grinding medium in addition to steel balls to maintain the grinding rate SEDAR: Provides access to most public securities documents and information filed by public companies and investment funds with the Canadian Securities Administrators (CSA) in the SEDAR filing system Shear zone: A zone of intensely deformed rocks Scheelite: Calcium tungsten mineral Shaft: Entry into underground mine with vertical excavations sunk adjacent to an ore body Strike: The direction of the line of intersection of a plane (eg foliation, bedding or vein) with the horizontal plane. The strike of a bed is the direction of a straight line that connects two points of equal elevation on the bed Strip Ratio: Ratio of total movement (waste mined + ore mined) / ore mined Tailings: Rejected material from the process mill after most of the recoverable valuable minerals have been extracted Throughput: Amount of ore processed through the mill Vein: A mineral-filled rock fracture Waste rock: Rock which does not contain valuable minerals or metals

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 Key Investor Dates

15 June 2012: Annual General Meeting 26 July 2012: Second quarter and Half Year 2012 Financial Results released 30 Oct 2012: Third quarter Financial Results released End January 2013: 2012 Fourth quarter production update 17 February 2013: Fourth quarter and Full Year 2012 Financial Results released 27 April 2013: First Quarter 2013 Financial Results released Note: Dates are subject to change. Refer to www.oceanagold.com for the latest updates.

Corporate Directory

OceanaGold Corporation Corporate Office Level 5, 250 Collins Street Melbourne, Victoria, 3000 Australia PO Box 355, Flinders Lane Post Office Melbourne, Victoria, 3000 Australia T: +61 3 9656 5300 F: +61 3 9656 5333 E: info@oceanagold.com Canadian Office First Canadian Place 100 King Street West Suite 5700 Toronto, Ontario, M5X IC7 Canada Directors James E. Askew (Chairman) Michael F. Wilkes (MD& CEO) J. Denham Shale Jose P. Leviste, Jr. Jacob Klein William H. Myckatyn Dr Geoffrey W. Raby Company Secretary Mark Chamberlain Website www.oceanagold.com Investor Relations T: +61 3 9656 5300 E: info@oceanagold.com Share Registries Canada Computershare Investor Services 3rd Floor, 510 Burrard Street Vancouver, British Columbia V6C 3B9 Canada T: +1 604 661 9400 F: +1 604 669 1548 Australia Computershare Investor Services Pty Ltd 452 Johnston Street Abbotsford, Victoria, 3067 Australia T: +61 3 9415 4000 F: +61 3 9473 2500 New Zealand Computershare Investor Services Limited Level 2, 159 Hurstmere Road Takapuna, North Shore City, 0622 New Zealand T: +64 9 488 8700 F: +64 9 488 8787 Stock Exchanges Canada Toronto Stock Exchange 3rd Floor, 130 King Street W. Toronto, Ontario M5X 1J2 Canada Ticker symbol: OGC Australia Australian Stock Exchange Limited Level 4, Stock Exchange Centre 20 Bridge Street, Sydney New South Wales, 2000 Australia Ticker symbol: OGC New Zealand NZX Limited Level 2, NZX Centre 11 Cable Street, Wellington New Zealand Auditors PricewaterhouseCoopers Freshwater Place 2 Southbank Boulevard Southbank, Victoria, 3006 Australia T: +61 3 8603 1000 F: +61 3 8603 1999

OceanaGold Corporation Fact Book 2012

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OceanaGold Corporation Corporate Office Level 5, 250 Collins Street Melbourne, Victoria, 3000 Australia PO Box 355, Flinders Lane Post Office Melbourne, Victoria, 3000 Australia T: +61 3 9656 5300 F: +61 3 9656 5333 E: info@oceanagold.com www.oceanagold.com
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