PNG Gold Corporation to Resume Trading May 26, 2016

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 25, 2016) -

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

PNG Gold Corporation ("PNG Gold") (TSX VENTURE:PGK) is pleased to announce it has received notification from the TSX Venture Exchange that trading in its shares will resume at the opening on May 26, 2016. Trading was halted at the Company's request on February 5, 2015 in anticipation of the Company's proposed acquisition of VeroLube Inc. (the "Business Combination") previously announced by the Company on February 5, 2015. On February 16, 2016, the Company announced that it was no longer pursuing the Business Combination at this time.

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. These include, but are not limited to, the impact of general economic conditions, industry conditions, results of due diligence, and the uncertainty of obtaining regulatory approvals. 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.

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.