PNG Gold Appoints Executive Vice President

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 3, 2017) - PNG Gold Corporation (the "Company") (TSX VENTURE:PGK) is pleased to announce the appointment of Wesley Marstaller as Executive Vice President of the Company, effective April 1, 2017.

Wesley Marstaller graduated from McGill University in 2005 with a Bachelor of Commerce in Finance and International Business, and then went on to obtain a Masters of Finance from Insead. Mr. Marstaller worked with the Macquarie Group from 2005 to 2014, departing as Vice President. He worked in their New York and London offices mainly in private equity investment and asset management, infrastructure, industrials and renewable energy. Mr. Marstaller then moved to Vancouver and was the Chief Operating Officer of the Rennie Group until March 2017.

Greg Clarkes, CEO of PNG Gold stated: "We are pleased to have Wes join our team. His skills and background are particularly well suited to building the management group necessary to achieve the Company's near and long term goals."

The Company also announces that it has granted 300,000 stock options to Mr. Marstaller, entitling him to purchase one common share for each option held at a price of $0.46 per share and valid for a period of two years. The options were granted pursuant to the Company's stock option plan and will vest over a period of six months.

On Behalf of the Board of PNG Gold Corporation

Greg Clarkes, Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the control of PNG Gold Corporation. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company assumes no obligation to update forward-looking statements, except as required by applicable law.