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PNG Gold Announces Letter of Intent for Plant Site

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 28, 2017) – PNG Gold Corporation (the “Company” or “PNG“) (TSX VENTURE:PGK) announces that it has entered into a letter of intent (“LOI“) for a Lease with Parkland Refining Limited (“Parkland“) for the portion of their property in Bowden, Alberta that is occupied by the existing processing plant, which includes access to existing utilities, roads, storm water and settlement pond systems, and storage tanks. The formal lease agreement will also provide PNG access to Parkland’s rail and truck handling facilities; and tank farm; providing the Company with both significant capital cost savings; as well as an expedited path to market by virtue of developing an existing industrial property and infrastructure.