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hole WA11 returned 0.5 metres (true width) grading 24.5 grams gold/tonne, while hole WA22D assayed 1.0 metre (true width) of 85.2 grams gold/tonne. More drilling is currently underway with assays expected in H1 2013. In addition, a feasibility study will be undertaken in the near future. OceanaGold management is of the view that the Blackwater Project has the potential to produce 50,000-60,000 oz/year. Like other socially-conscious mine operators, OceanaGold recognizes the need to help the communities in which it operates. To this end, at least 1.5% of Didipio operating costs, or about US $1.5 million per year, go to social programs in the Philippines. These programs include improvements in local infrastructure such as roads, a major drainage canal and schools. Other projects include training programs, educational scholarships and salary subsidies for teachers. The company has implemented other programs as well, including a reforestation project in support of President Aquino���s National Greening Program. Under this program, OceanaGold will plant one million trees over 400 hectares of land. OceanaGold is also involved in medical missions, including eyesight programs, and an anti-malaria program. In addition, the company assisted the host community of Didipio to create a corporation named DiCorp. The company has since awarded DiCorp several contracts such as employee shuttle service, camp cleaning and catering and recently, concentration loading and handling. Revenue for Q4 2012 was US $119 million with the average gold price received during the period being US $1,705/oz on 69,761 ounces sold. Unaudited cash costs were US $638/oz for Q4 2012 and US $940/oz for the full year 2012, which was below the company���s revised cost estimate of US $1,000 to US $1,050/oz. The decrease in cash costs from the third quarter 2012 was mainly attributable to higher ounces of gold sold. By 2016, OceanaGold hopes to achieve a gold production level of 600,000 oz/year. The company currently trades at about $2.70 per share. n MARCH 2013 Focused on Developing the Harper Creek Copper-Gold-Silver Deposit in British Columbia Detailed Feasibility Study results March 2012 ��� Total Proven and Probable Reserve of 704.4Mt @ 0.262% Cu (0.14% Cu cut-o��� ), 0.029g/t Au and 1.14g/t Ag ��� Estimated production over life-of-mine: 3.63 billion lbs Cu, 372,000 oz Au and 14M oz Ag contained in concentrate. ��� Estimated after tax NPV8 $465.3 million, IRR 17.0%; based on metal prices of US$2.50/lb Cu, US$1,250/oz Au and US$20/oz Ag, and 0.86:1 US/CDN exchange rate ��� Mine life 28 years at a milling rate of 70,000 tonnes/day ��� Stripping ratio 0.81:1 life-of-mine ��� Capital costs are estimated at C$838.95 million in Q4 2011 dollars, including contingency ��� Adjacent rail, road, power and town infrastructure ��� Project is 100% owned by Yellowhead Mining* ��� Senior management has extensive international experience with large scale open pit copper projects ��� Excellent potential to signi���cantly expand the resource * Subject to 3% NSR royalty capped at $2,500k, adjusted for in���ation, plus a further 2.5% NSR royalty on approximately 1.5 million tonnes of ore which is expected to be mined beginning in year 16 of the mine plan. Ronald Handford, Executive Vice President, Corporate Development T: 604.681.1709 info@yellowheadmining.com www.yellowheadmining.com TSX: YMI OTCQX: YHMGF Resource World - one third page square: 4.875���W x 4.7���H Tech: sharon@xy3design.com 604-925-9232 www.resourceworld.com 41