PNG Gold Corporation: Stock Options Granted

NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES

PNG Gold Corporation (TSX VENTURE:PGK) ("PNG Gold" or the "Company") announces
that it has granted an incentive stock option to Chief Financial Officer, Dr.
Michael A. Reimann, to purchase up to 100,000 common shares in the Company at an
exercise price of $0.57 per common share. Ms. Leianne Emery, Investor Relations
Manager for PNG Gold, hired as an internal full-time salaried employee for
shareholder and corporate communications, was also granted an option to acquire
up to 125,000 common shares in the Company at an exercise price of $0.57 per
common share. All options granted above are subject to certain vesting periods
and are exercisable on or before October 12, 2016.


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 50% interest in the Imwauna and
Sehulea properties on Normanby Island, Milne Bay Province, Papua New Guinea, and
has earned its option to acquire the remaining 50%. The Company expects the
transfer of the remaining 50% interest will be completed expeditiously, after
which it will be the sole owner of both properties. PNG Gold 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.


For further details, please visit the Company's website at www.pnggold.com.

ON BEHALF OF THE BOARD OF DIRECTORS

J.R.H. (Dick) Whittington, President & CEO

Forward-Looking Statements

Certain information set forth in this news release contains forward-looking
statements that involve substantial known and unknown risks and uncertainties.
These forward-looking statements relate to matters such as results of
exploration and development of the Normanby Property and completion of financing
and are subject to numerous risks and uncertainties, certain of which are beyond
the control of PNG Gold, including, but not limited to, the impact of general
economic conditions, industry conditions, financial market conditions,
dependence upon regulatory and shareholder approvals, and the uncertainty of
completing intended financing and obtaining additional financing. Exploration of
mineral properties is subject to the inherent risk that it may not result in
commercial discovery. Readers are cautioned that the assumptions used in the
preparation of forward-looking statements, although considered reasonable at the
time of preparation, may prove to be incorrect and, as such, undue reliance
should not be placed on forward-looking statements. PNG Gold expressly disclaims
any obligation to update forward-looking statements contained herein except as
required by applicable law.