Mr. Paul Benson reports

OCEANAGOLD PRESIDENT AND CEO TO RETIRE IN Q2 2027

Gerard Bond, president and chief executive officer, has advised the board of directors of his intention to retire in April, 2027, after a successful five years of leading Oceanagold Corp.

Mr. Bond, president and chief executive officer of Oceanagold, said: "Leading Oceanagold has been a privilege and the best and most enjoyable role of my career. Through the efforts of many across the company, we have delivered a tremendous and sustained uplift in operational and financial performance, a strengthening of leadership capability and culture, addition and advancement of numerous growth opportunities in our portfolio, and excellent shareholder returns. With the company in such a strong position and with a clear and well-funded growth pipeline, it is the right time for the next president and chief executive officer to drive execution of, and further build on, this strong platform."

"Oceanagold has incredibly talented and committed leaders in place across all operating sites and functions, and they will continue to drive sound execution of the strategy that has been so successful for the company's shareholders since I joined in 2022. We are on track to deliver 2026 production guidance, to add the Katanning gold project to our portfolio via the Ausgold acquisition, and to continue to drive our growth pipeline and exploration success forward."

Mr. Bond plans to retire in Australia after his five-year anniversary of joining Oceanagold and having worked 30 years in the resource industry. At the request of the board, he will be a special adviser to the board and incoming president and CEO for a period of six months following his departure.

Chairman of the Oceanagold board of directors Paul Benson said: "Gerard has done a stellar job of leading Oceanagold through a period of transformation across all five pillars of the company's strategy: safe and responsible maximization of gold production, building a winning culture, adding growth ounces in a cost-effective manner, being financially strong and having a good rating with the investment community. This has all translated into strong relative total shareholder returns over this period.

"The outlook is incredibly bright for Oceanagold, with a strong and capable executive, excellent leaders and teams at our operations, an incredible culture, compelling growth options in progress at all operations, and a strong financial position. We are generating impressive cash flows and deploying capital in a balanced way that sustains the business, grows the business, keeps us financially strong and provides excellent returns to shareholders -- none of this is expected to be altered by the change in leadership.

"Our role as a board is to secure the best possible leader for the company, and we have appointed a leading international search firm, Spencer Stuart, to assist the board in evaluating internal and external candidates. We are grateful for the period of notice Gerard has given us, his commitment to lead the business with his usual passion and focus until he departs in the second quarter of 2027, as well as his willingness to provide ongoing advisory support postdeparture from Oceanagold, which all combine to ensure a smooth and successful transition. We will keep the market informed on progress as appropriate."

About Oceanagold Corp.

Oceanagold is a global intermediate gold and copper producer committed to safely and responsibly maximizing the generation of free cash flow from its operations and delivering strong returns for its shareholders. It has a portfolio of four operating mines: the wholly owned Haile gold mine in the United States; the wholly owned Macraes and Waihi operations in New Zealand; and the 80-per-cent-owned Didipio mine in the Philippines.

We seek Safe Harbor.