PGK

PNG Gold Corporation ("PNG Gold" or the "Company") (TSX VENTURE:PGK) announces
changes in various officer's positions in anticipation of the expanded drilling
program that is commencing on the Imwauna and Sehulea properties. Lorne Warner,
who has been acting as Interim President and CEO, is now having to devote most
of his time to operational concerns and will therefore assume the position of
Chief Operating Officer. The void left by Mr. Warner will be filled by Greg
Clarkes, Chairman of the board, who will take over Mr. Warner's CEO duties and
by Neil Halldorson as President to manage the day-to-day administrative and
corporate affairs of the Company. Messrs Warner, Clarkes and Halldorson work
closely together at PNG Gold and the new titles are meant to better reflect how
their internal roles have changed as the Company ramps up the development of its
Papua New Guinea properties. Also joining the Company's ranks as CFO is Rick
Low, announced August 27, 2012, who previously was the Director Finance at Eco
Oro Minerals Corp. 


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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