OceanaGold Corporation announce that it has entered into a forward gold sale arrangement with the support of members of the Company's current banking group whereby the Company will receive a pre-payment of $78.5 million (approximately $1,635 per ounce) on February 28, 2020, in exchange for delivering 48,000 gold ounces between September and December 2020. The advanced gold ounces sold represents just over 30% of expected gold production across that period and 13% of the Company's total 2020 full year production. The proceeds from the sale will be used for working capital purposes to better align cash flows of the business with expenditures. The Company may, depending on the market and other conditions, increase or decrease its beneficial ownership of the GSV securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.