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PNG Gold Corporation Provides Corporate Update

PNG Gold Corporation (PGK.V) today announced its corporate objectives for 2013 and achievements since its new management took direct control over operations in the second quarter of 2012.

Management took over operations from a previously contracted third party in order to achieve greater direct control over its Normanby Island projects in Papua New Guinea. The transition is now complete, which has resulted in a substantially lower cost per metre drilled for the Company's projects, PNG said in a statement.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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