Exploration Progress Report on Waihi West Exploration Permit EP 40767

This report by Oceana Gold (New Zealand) for MEP40767 in Waikato summarizes the exploration activities in the permit area from December 2015 to December 2018. Work completed during the reporting period includes underground and surface diamond drilling of 18 drillholes for a total of 7942 m, gravity (40 stations) and CSAMT (6 lines) surveys, and resource estimation along Rex vein. Mineral resources were classified to JORC Code and the inferred resource is 96,846 tonnes at 7.3 Au g/t for 22,739 Au Oz. Relevant data can be found in the enclosures to this report.