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April 20, 2017

PNG Gold Completes Shares for Debt Settlement

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES

April 20, 2017 (Vancouver, British Columbia): PNG Gold Corporation (the “Company”) (TSX-V: PGK) is pleased to announce that it has completed the shares for debt transaction announced on January 30, 2017, after receiving approval of the TSX Venture Exchange.

Pursuant to the shares for debt transaction, the Company has issued 2,032,797 common shares (the “Shares”) at a deemed price of $0.17 per Share, to settle total indebtedness of $345,576. In accordance with applicable securities law, the Shares issued in this transaction are subject to a four month hold period expiring on August 20, 2017.

On Behalf of the Board of PNG Gold Corporation

“Greg Clarkes”

Greg Clarkes
Chief Executive Officer

For further information contact Greg Clarkes at (587) 393-8363

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.