Report outlines all exploration activity completed within EP40542 by Oceana Gold between Feb 2012 and Nov 2012. Work completed includes a completion of 33 drill holes, which were separated into 4 programmes; Blackwater Deeps (Diamond Drilling), Blackwater North (Diamond Drilling), Homer (Diamond Drilling) and Blackwater South (RC Percussion), Field Mapping, Sampling, their assays and a mine feasibility study update. Assay results for the Blackwater South RC drill holes are still pending from the lab at the time of this report submission.