PNG Gold Corporation Announces Leianne Emery Appointed Investor Relations Manager

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2011) -

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

PNG Gold Corporation ("PNG Gold" or the "Company") (TSX VENTURE:PGK) is pleased to announce the appointment of Ms. Leianne Emery to the position of Investor Relations Manager. Ms. Emery has over 20 years of experience in sales relations, international contract management, logistics and transportation and corporate administration and development. Previous positions include Investor Relations / Business Improvement Director for Formation Metals Inc. and Contracts Administrator with Teck Resources Limited's Highland Valley Copper Mine. She graduated with honours from the British Columbia Institute of Technology with a Diploma of Technology in International Trade, Operations Management, obtained a Diploma in Transportation and Distribution Management from the University of Toronto and a real estate licence from UBC's Sauder School of Business.

"We are pleased to have Leianne working with us," comments Mr. Dick Whittington, President and CEO of PNG Gold, "and believe that her skills, expertise and experience will be a great asset to PNG Gold in assisting us in building the company going forward."

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 an option to acquire the remaining 50%. The Company expects to fulfill the obligations of the option agreement prior to the end of the year 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.

ON BEHALF OF THE BOARD OF DIRECTORS

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

No regulatory authority has approved or disapproved the information contained in this news release.

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.