2017 DENVER GOLD FORUM

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1 Consistently Delivering On Commitments September DENVER GOLD FORUM Mick Wilkes, President & CEO

2 Cautionary & Technical Statements Cautionary Notes - Information Purposes Only The information contained in this presentation is provided by OceanaGold Corporation ( OGC ) for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer to issue, securities of OGC or other financial products. The information contained herein is not investment or financial product advice and has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. The views, opinions and advice provided in this presentation reflect those of the individual presenters only. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusion contained in this presentation. To the maximum extent permitted by law, none of OGC or any of its directors, officers, employees or agents accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this presentation. Furthermore, this presentation does not constitute an offer of shares for sale in the United States or to any person that is, or is acting for the account or benefit of, any U.S. person (as defined in Regulation S under the United States Securities Act of 1933, as amended (the "Securities Act")) ("U.S. Person"), or in any other jurisdiction in which such an offer would be illegal. OGC s shares have not been and will not be registered under the Securities Act. Cautionary Statement Concerning Forward Looking Information Certain information contained in this presentation may be deemed forward-looking within the meaning of applicable securities laws. Forward-looking statements and information relate to future performance and reflect OGC s expectations regarding the generation of free cash flow, execution of business strategy, future growth, future production, estimated costs, results of operations, business prospects and opportunities of OGC and its related subsidiaries. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as expects or does not expect, is expected, anticipates or does not anticipate, plans, estimates or intends, or stating that certain actions, events or results may, could, would, might or will be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those expressed in the forward-looking statements and information. They include, among others, the accuracy of mineral reserve and resource estimates and related assumptions, inherent operating risks, and those risk factors identified in OGC s most recent annual information forms prepared and filed with securities regulators which are available on SEDAR at under OGC s name. There are no assurances OGC can fulfil forward-looking statements and information. Such forward-looking statements and information are only predictions based on current information available to management of OGC as of the date that such predictions are made; actual events or results may differ materially as a result of risks facing OGC, some of which are beyond OGC s control. Although OGC believes that any forward-looking statements and information contained in this presentation are based on reasonable assumptions, readers cannot be assured that actual outcomes or results will be consistent with such statements. Accordingly, readers should not place undue reliance on forward-looking statements and information. OGC expressly disclaims any intention or obligation to update or revise any forward-looking statements and information, whether as a result of new information, events or otherwise, except as required by applicable securities laws. The information contained in this release is not investment or financial product advice. Technical Disclosure The exploration results were prepared in accordance with the standards set out in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ( JORC Code ) and in accordance with National Instrument Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators ( NI ). The JORC Code is the accepted reporting standard for the Australian Stock Exchange Limited ( ASX ). For further scientific and technical information (including disclosure regarding mineral resources and mineral reserves) relating to the Haile Mine, the Macraes Mine and the Didipio Mine please refer to the NI compliant technical reports available at sedar.com under the Company s name. General Presentation Notes All AISC and cash costs are net of by-product credits unless otherwise stated All financials are denominated in US Dollars unless otherwise stated 2

3 OCEANAGOLD OVERVIEW CONSOLIDATED 2017 GUIDANCE Gold 550, ,000 ounces Copper 18,000 19,000 tonnes AISC US$600 US$650 per ounce 2017 GUIDANCE ASSUMPTIONS Copper = $2.50/lb NZD:USD = 0.70 UNITED STATES NEW ZEALAND PHILIPPINES Auckland Waihi Manila Didipio Haile Macraes Wellington Christchurch Dunedin Davao City 2017 PRODUCTION 2017 AISC GUIDANCE Gold (oz) Copper (t) USD/oz sold HAILE WAIHI MACRAES DIDIPIO 110, , , , , , , ,000 18,000 19,000 $600 $650 $740 $790 $950 $1,000 $70 - $120 RESERVES (1) / Gold (Moz) 3.46 / / / / 2.06 RESOURCES (1)(2) Copper (kt) 0.18 / 0.24 MINE LIFE As at 31 Dec 2016 except Haile which is from 1 Jan Inclusive of reserves & Inferred resources 3

4 Northern Star Evolution St Barbara OceanaGold Agnico Eagle Centerra Gold Regis SEMFAO B2Gold Newmont Detour Barrick Gold Alamos Kinross Tahoe Alacer New Gold Yamana LONG-TERM OUTPERFORMER SHORT TERM UNDERPERFORMANCE PRESENTS INVESTMENT OPPORTUNITY 5-YR TSR (1) OGC TSX Global Gold % 5 Year Total Shareholder Return TSX Global Gold GDX GDXJ Gold Spot 30 % 40 % YR TSR (1) OGC TSX Global Gold % 11 % YTD (1) OGC TSX Global Gold % 4 % -100 Notes: 1. As at 15 Sep

5 GOLD MINER OF CHOICE COMPELLING VALUE PROPOSITION FROM GROWING, HIGH-MARGIN GOLD PRODUCER 2018E AISC (1) (per oz) OGC $595 Producer Avg. $781 60% 50% 40% 30% EBITDA Margin (3) OceanaGold Peer Average 20% 10% 2018E FCF Yield (1) 0% OGC Producer Avg. -10% % 5 % Return on Invested Capital (3) 20% OceanaGold Peer Average 2018E P/CF (2) 15% OGC Producer Avg. 10% 5.3 x 8.7 x 5% 0% Notes: 1. BMO Research (18 Sep 2017) 2. Macquarie Research (17 Sep 2017) 3. Bloomberg, Company data -5%

6 CURRENT PRIORITIES CONTINUED FOCUS ON BEING A HIGH ACHIEVING GOLD MINER DELIVER ON OUR COMMITMENTS Achieve 2017 guidance Communicate effectively with our stakeholders DELIVER ON HAILE Advance Haile to commercial production Commence permitting of Haile expansion CONTINUE TO PROVIDE SOLID RETURNS Making investment decisions that focus on high margins, high returns ADVANCE ORGANIC GROWTH OPPORTUNITIES Building a pipeline of organic growth opportunities and converting these opportunities Unlock value from existing assets FURTHER ENHANCEMENT OF SAFETY AND SOCIAL PERFORMANCE Drive forward stringent standards in health and safety Further strengthen social license 6

7 OPERATIONS OVERVIEW ON TRACK TO DELIVER ON GROUP 2017 GUIDANCE FOR SIXTH STRAIGHT YEAR GOLD PRODUCTION (oz) MAR Q JUN Q H GUIDANCE 147, , , , ,000 COPPER PRODUCTION (t) MAR Q JUN Q H GUIDANCE 5,955 4,322 10,277 18,000 19,000 AISC (USD / oz sold) MAR Q JUN Q H GUIDANCE $521 $681 $599 $600 $650 HAILE Advance operation to commercial production, continued ramp-up DIDIPIO U/G Deliver underground ore production at year end WAIHI Mining of higher grade zones of the underground MACRAES Commence production from Coronation North 7

8 Mill Throughput (tonnes) HAILE COMMISSIONING Grinding UPGRADES and TO Processing PLANT INFRASTRUCTURE Circuit, February YIELDING POSITIVE RESULTS H PRODUCTION 300, ,000 Haile Ramp-up Profile Planned Actual Forecast 36,958 ounces 200, , ,000 50, Month AREA ISSUE SOLUTION EST. COST SAG Mill grate Regrind inflow Aperture of grate is inadequate Sub-optimal density of fine grind material EST. COMPLETION DATE STATUS Replace with larger grate $50k July 2017 Complete Close the feed circuit $200k July 2017 Complete CIL Piping System CIL Tank Liners Control system Inadequately sized piping system De-lamination of CIL tank liners System response slower than expected due to volume of data; longer to tune circuits Redesign and install a new piping system Removal and re-apply new liner Review and upgrade over time $2M - $3M $700k August 2017 Complete Nil (warranty) December 2017 Staged upgrades over time Stripping tanks complete; reapplication to commence in Q4 Some upgrades completed 8

9 UNLOCKING VALUE FROM ASSETS HAILE PRIMARY OBJECTIVE Advance expansion through permitting EXPLORATION Expand resource within Haile footprint Grow regional exploration pipeline WAIHI PRIMARY OBJECTIVE Deliver incremental 7 10 year mine life extension STUDIES Advance the Martha Project EXPLORATION Increase resource base and advance regional exploration pipeline DIDIPIO PRIMARY OBJECTIVE Annual reserve replenishment EXPLORATION Infill & extensional drilling Advance near-mine exploration targets MACRAES PRIMARY OBJECTIVE Achieve a ~ 10 year mine life extension STUDIES Advance the Round Hill Project EXPLORATION Annual reserve replenishment 9

10 HAILE EXPANSION HIGHLIGHTS OPTIMISATION STUDY RESULTS DEMONSTRATED INHERENT VALUE OPTIMISED DESIGN ORIGINAL DESIGN Gold Reserves Moz Average Annual Production koz 189 (1) 127 Life of Mine Years 18 (1) Net Cash flows US$ 1.8 billion (1),(2),(3) 1.1 billion (4) HORSESHOE UNDERGROUND Maiden reserve of 0.44 Moz announced LARGE OPEN PITS Optimised to $1,150/oz PLANT EXPANSION Increase to 4 Mtpa NEXT STEPS Advance permitting in Q4/17 1. Based on total mineable inventory 2. Pre-tax & undiscounted 3. Based on a $1,300/oz gold price assumption 4. Based on a $1,250/oz gold price assumption 10

11 Tonnes ( 000) Gold Production ( 000 oz) Gold Grade (g/t) INCREASED PRODUCTION AVG ANNUAL PRODUCTION BASED ON RESERVES LOM (16-years) Open Pit & U/G 180,000 ounces 213,000 ounces AVG ANNUAL PRODUCTION INCL. MINEABLE INVENTORY LOM (18-years) 189,000 ounces LOM Gold Production and Grade Profile Payable Gold Gold Grade Processed (g/t) Gold production > 200,000 oz Process Plant Ore Feed Profile OP Ore to Mill UG Ore to Mill Production when in full U/G feed rate (700ktpa) 5,000 4,000 3,000 2,000 1,

12 12 HAILE EXPLORATION

13 WAIHI EXPLORATION SUCCESS EXPLORATION CONTINUES TO UNLOCK VALUE December 31, 2014 Total Resource (1) 360,000 ounces December 31, 2015 Total Resource (1) 430,000 ounces December 31, 2016 Total Resource (1) 570,000 ounces ~300 koz mined during 2015 and Total Resources = M&I and Inferred Resources. M&I Resources are inclusive of reserves. 13

14 ORGANIC GROWTH AT WAIHI MULTIPLE Significant TARGETS exploration AT WAIHI program & REGIONALLY planned for WITH Waihi FOCUS in 2017 ON NEAR-MINE Martha pit Martha Project portal Moonlight Gladstone Exploration target Drill drives in progress Union Daybreak Trio Silverton Correnso Favona Christina Empire Historic stopes OBJECTIVES: Prove up significant resource beneath Martha pit Target an incremental 7 10 year mine life extension EXTENSIVE DRILLING FROM DRILL DRIVE Commenced Other Underground Drilling Infill and extensional: 18,000m+ Daybreak Historic workings Other Opportunities Brownfields drilling: 17,000m+ Greenfields drilling: 6,000m+ Exploration targets: coloured blocks 1. As at 26 June

15 WKP REGIONAL DRILLING West WKP32A Source: Newmont drill results T-stream East Graben SIGNIFICANT HISTORICAL DRILL RESULTS (1) Drill Hole Length (m) Gold Grade (g/t) WKP24* WKP24* WKP25* WKP WKP WKP WKP WKP29* WKP29* WKP WKP31* WKP32A* WKP32A WKP32A WKP32A WKP33* WKP WKP WKP WKP WKP * >50 gm-m intercepts 15

16 MACRAES REDEVELOPMENT MACRAES ROUND HILL PROJECT REPRESENTS POTENTIAL MINE LIFE INCREASE ROUND HILL/GOLDEN POINT RESOURCE Recent Golden Point Drilling ~1.38 Moz (1)(2) STUDY ADVANCING Technical & economic work underway CONCEPT New location + build of smaller process plant w/tungsten circuit MINE LIFE EXTENSION Potential for mine life of years 1. As at 31 Dec Total Resources = M&I and Inferred Resources. M&I Resources are inclusive of reserves 16

17 STRATEGICALLY POSITIONED POSITIONED IN MULTIPLE GOLD PROVINCES AMERICAS CAROLINAS, USA NEVADA, USA SANTA CRUZ, ARGENTINA STRATEGIC INVESTMENTS GSV 15% NUG 16% 5 1 HAILE AUSTRALASIA 2 COROMANDEL, NZ 7 3 DIDIPIO STRATEGIC INVESTMENT 4 OTAGO, NZ LOCRIAN 35% RESOURCES ASIA WAIHI 2 JOINT VENTURES 3 CAGAYAN, PHILIPPINES 4 MACRAES GOLDFIELD LA CURVA CLAUDIA (pending DD) 6 7 LAOS & MYANMAR 17

18 OceanaGold Alamos Agnico Eagle Northern Star Alacer Barrick Eldorado Centerra Evolution Newmont Yamana Regis Newcrest New gold Detour Global Reserves (Moz) OceanaGold Reserves (Moz) BUCKING THE GLOBAL TREND INCREASED COMPANY RESERVES WITH HIGH MARGIN OUNCES OGC Avg +38 % RESERVE CHANGE ( ) Global Gold Avg (6.2) % 1,600 1,550 1,500 1,450 Global Reserves vs OceanaGold Reserves (1)(2) 1,563 Global Reserves OGC Reserves (3) 1,531 1,459 1,445 1, % 250% 200% 150% 100% 50% 0% Change in Proportion of Exploration Spend to Revenue (2)(4)(5) ( ) 1, % -100% Source: 1. SNL 2. Bloomberg OGC Reserves include increased Haile reserves that were effective 1 Jan See Haile Technical Report dated 9 Aug RBC research 5. Company analysis 18

19 LOOKING AHEAD CONTINUED FOCUS ON CREATING VALUE, DELIVERING ON COMMITMENTS PRODUCTION H2 > H1 from increased production in NZ & at Haile Consolidated Q3 to be similar to Q2, strong Q4 expected Didipio production expected to decrease in H2 DEVELOPMENT Complete commissioning of Haile process plant Complete development of first phase of underground mining at Didipio EXPECTED CATALYSTS HAILE COMMERCIAL PRODUCTION FORMAL RESOLUTION IN PHILIPPINES STUDIES Advance Haile expansion to permitting Advance the Martha Project to permitting, complete study work COMMENCE HAILE EXPANSION PERMITTING EXPLORATION Continue drilling of Martha Project, expansion of Round Hill resource base Continued drilling of high priority targets across business Increase exposure to world class gold provinces COMMENCE MARTHA PROJECT PERMITTING 19

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