OceanaGold Reports Fatality at the Didipio Mine

VANCOUVER, Aug. 9, 2024 - OceanaGold Corp. (TSX: OGC) (OTCQX: OCANF) ("OceanaGold" or the "Company") regrets to inform that, as reported in our second quarter results, a contractor working at our Didipio Mine in the Philippines sustained serious head injuries while attempting to remove a metal blockage from a jaw crusher in late July. Despite medical efforts and care, he recently passed away in hospital. There has been no impact to production as a result of this event.

Gerard Bond, President & CEO of OceanaGold, said "We are all deeply saddened by this tragic event, especially those at Didipio who have lost two colleagues in a short period. Although the two events are unrelated, we are taking immediate action at Didipio to improve the effectiveness of the OurSafe Behaviours safety program, increase hazard identification training - particularly in relation to stored energy - and expand in-field coaching on the identification of critical and high-risk tasks and verification of critical controls. Ensuring the safety of our workforce is paramount."

The Company is supporting the family and colleagues of the deceased during this difficult time.

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SOURCE OceanaGold Corporation