UPDATE: PNG Gold Corporation Appoints Byran Nethery Director and Rick Low as CFO; Shares Up 2% in Early Trade

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PNG Gold Corporation (PGK.V) today announced that effective immediately, Bryan Nethery has joined the board of directors of PNG Gold. Nethery is a metallurgical engineer and professional engineer ( BC ) who has over 30 years of domestic and international senior management and metallurgical engineering experience.

Rick Low has been appointed Chief Financial Officer effective September 18, 2012 replacing Michael Reimann who has held that position since completion of the Company's business combination with NMC Mining Corp. announced on June 13, 2011. Mr. Low has over 20 years of progressive management experience in various industries in Canada and overseas. Low spent the last six years in the mining industry where he oversaw the finance and accounting function for a gold mining project during its progression from exploration, feasibility, construction and development through to commercial production.

About 10,000 shares have been traded so far.

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