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Oceana Gold Limited - Share Price Movement

Oceana Gold Limited
ASX RELEASE
10 May 2006
Share Price Movement

Oceana Gold Limited notes that there has been significant appreciation in its share price over the last 24 hours. The Company is in discussions with regard to a potential transaction. The discussions are ongoing and incomplete and there is no certainty that any transaction will proceed. OceanaGold will keep the market informed should there be any developments which require an announcement.

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