Mr. Sam Pazuki reports

OCEANAGOLD FILED AND MAILED MEETING MATERIALS FOR UPCOMING SPECIAL MEETING OF SHAREHOLDERS

Oceanagold Corp. has completed the SEDAR filing and mailing of the shareholder meeting materials for the previously announced plan of arrangement with Romarco Minerals Inc. As indicated by the respective Oceanagold and Romarco press releases dated July 30, 2015, the boards of directors for both companies unanimously recommend the friendly transaction.

Oceanagold shareholders on record as of Aug. 18, 2015, will receive proxy voting materials in advance and are asked to vote by proxy or in person at a special meeting of Oceanagold shareholders to be held on Sept. 28, 2015, at 10 a.m. (Vancouver time), at the office of Stikeman Elliott LLP at 666 Burrard St., 17th floor, Vancouver, B.C.

The meeting materials include a joint information circular that contains, among other things, details concerning the arrangement, the reasons for and benefits of the arrangement, the risks associated with the arrangement, the requirements for the arrangement to become effective, the procedure for exchanging common shares, voting at the meeting, and other related matters. Shareholders are urged to carefully review the joint information circular and accompanying materials as they contain important information regarding the arrangement and its consequences to shareholders.

The board of directors of Oceanagold unanimously recommend that shareholders vote in favour of the arrangement.

Shareholder questions

Shareholders who have questions regarding the arrangement or who require assistance with voting may contact Laurel Hill Advisory Group, the proxy solicitation agent, by telephone at 1-877-452-7184 (North American toll-free) or 416-304-0211 (collect outside North America) or by e-mail at assistance@laurelhill.com.

Your vote is important -- please vote today.

We seek Safe Harbor.