PGK

PNG Gold Corporation ("PNG Gold" or the "Company") (TSX VENTURE:PGK) announces
that the board of directors has appointed Mr. Lorne Warner, P.Geo, as the
Company's Interim President & CEO. Mr. Warner is a professional geologist with
over 30 years production and exploration experience in the minerals industry in
Canada, USA, Mexico and Brazil, mainly with Noranda Exploration and Placer Dome.
During his tenure with Placer Dome, Lorne led the western extension and
discovery of several new gold zones at the Detour Lake Mine. More recently Lorne
has worked in West Africa as VP Exploration for Rockgate Capital Corp., and
discovered the Falea + 30 million pound U/+40 million ounce Ag/Cu North Zone
Deposit in Mali. 


Mr. Warner replaces Mr. Dick Whittington, who resigned as President, CEO and
director on April 3, 2012 to pursue alternative opportunities in the mining
industry. Over the next few months, Mr. Whittington will work with the Company
in a transitional capacity primarily focusing on the previously announced merger
with New Guinea Gold Corporation ("NGG"). 


"The Company wishes to thank Mr. Whittington for his service as President, CEO
and director," said Mr. Warner. 


PNG Gold is also pleased to report that Dr. Gouwei Zhang, PhD (Structural
Geology) has been appointed as Vice President Exploration of PNG Gold. Dr. Zhang
brings to PNG Gold over 30 years of international experience in the mining
industry. Dr. Zhang has worked in North America, China and Africa and is
responsible for the development of new structural models at several gold mines
in Canada. 


The Company also reports that Neil Halldorson has been appointed Executive Vice
President, Corporate Development. Mr. Halldorson brings over 30 years of
business and corporate finance experience to PNG Gold. He most recently
consulted to PNG Gold on the NGG merger and previously to that on the RTO
transaction with NMC Mining Corp. which resulted in PNG Gold. Mr. Halldorson has
a BA (Honours) in Economics and an MBA from the University of British Columbia.


About PNG Gold Corporation

PNG Gold Corporation is an exploration company with an advanced stage drilling
program in Papua New Guinea. PNG Gold holds a 100% interest in the Imwauna and
Sehulea properties on Normanby Island, Milne Bay Province, Papua New Guinea, and
trades on the TSX Venture Exchange under the symbol PGK. PNG Gold's mission is
to become the premier exploration and development company in Papua New Guinea.


ON BEHALF OF THE BOARD OF DIRECTORS OF PNG GOLD

Greg Clarkes, Chairman & Director 

PNG Gold Corporation

The securities have not been registered under the United States Securities Act
of 1933, as amended, or any state securities laws and may not be offered or sold
in the United States absent registration thereunder or an applicable exemption
from such registration requirements. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy any of the securities in
the United States.

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