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27 January 2009
OCEANAGOLD ANNOUNCES CFO APPOINTMENT
OceanaGold Corporation (“OceanaGold” or “the Company”) is pleased to announce the appointment
of Mr. Marcus Engelbrecht to the position of Chief Financial Officer (CFO) effective 26 January 2009.
Mr. Engelbrecht spent nine years in South Africa with Deane & Thresher, Chartered Accountants
before starting a 20 year career with BHP Billiton and affiliated companies. During this period Marcus
was Divisional Finance Manager, New Business and Base Metals in South Africa and The Netherlands
where he established and managed the full finance function of the business development group and
the base metals operating division. He later assumed the role of VP, Finance Business Development
where he reported to the CFO. In 2002, Marcus became CFO, Diamonds & Specialty Products, based
in Melbourne, Australia. He later managed the implementation of IFRS within the BHP Billiton group as
Project Manager. Most recently Marcus was a Principal and Director of Mandate Finance, a private
company that provided working capital solutions through the provision of reverse factoring facilities and
financial management options.
Mr. Engelbrecht replaces Bruce Arnold who was appointed to CFO in June 2008 on an interim basis
while a formal recruitment process was undertaken. Mr. Arnold has agreed to stay on with the
Company in order to effect a smooth transition. Steve Orr commented, “I would like to thank Bruce for
his contribution to OceanaGold over the past 7 months. Bruce has done an admirable job managing
the Company’s finances during uncertain times in the global marketplace and we wish him well with his
future endeavours.”
- ENDS