PNG Gold Corp.

PNG Gold issues an update on corporate developments and initial exploration results of the continuing diamond drilling program and other operational activities at the Imwauna Project, Normanby Island, Milne Bay Province. PNG Gold is pleased to announce the appointment of Mr. John Detmold to the Board of Directors. Mr. Detmold has over 30 years of corporate finance, banking, leasing and manufacturing experience. He is [...]

PNG Gold is pleased to announce that it has closed its previously announced private placement offering led by Canaccord Genuity Corp. and Paradigm Capital Inc.as co-lead Agents. PNG Gold issued a total of 51,157,522 common shares, including shares issued on partial exercise of the over-allotment option, at a price $0.75 per share to raise gross proceeds of $38,368,141.50. The Agents were paid a cash commission being [...]

PNG Gold is pleased to provide an update on the previously announced private placement and on operational activities at the Imwauna project, Normanby Island, Milne Bay Province. The Company's previously announced private placement has been well-received in the marketplace and the Company anticipates closing the financing with an over-allotment portion being exercised to bring the total gross amount raised in the [...]

PNG Gold announces that it has established terms for the previously announced private placement of 46,666,666 common shares at a price of $0.75 per common share for gross proceeds of $35,000,000. Common shares issued under this offering are subject to a hold period of four months from the closing date which is expected to be on or around July 26, 2011, subject to acceptance by the TSX Venture Exchange and receipt of [...]

PNG Gold is pleased to announce that the TSX Venture Exchange has issued its Final Exchange Bulletin in respect of the Reverse Takeover transaction described in the Company's Filing Statement dated April 29, 2011 and filed on SEDAR at. As a result, the Company has met the requirements to b

PNG Gold is pleased to outline its exploration, development and financing plans for the Imwauna project, Normanby Island, Milne Bay Province. The Imwauna gold property is located off the eastern tip of Papua New Guinea on Normanby Island (Figure 1 – attached site map, showing Normanby Island relative to Papua New Guinea and Australia:

The Company is making these numerical corrections due to a typo error on the original version of the press release that was disseminated earlier in the day at 8:30 a.m. EST.

PNG Gold announces that, pursuant to the completion of the business combination between International Silver Ridge Resources and NMC Mining announced today, it has acquired beneficial ownership of an aggregate of 26,855,994 units issued by New Guinea Gold Corporation.

Pursuant to a loan facility dated April 20, 2010, NMC advanced a secured bridge loan to NGG in the principal amount of $3,000,000 with a 12 month term [...]