Mr. Patrick Downey reports

OREZONE GOLD ANNOUNCES CLOSING OF PRIVATE PLACEMENT WITH NIOKO

Further to its news release dated March 17, 2025, to maintain a 19.6-per-cent ownership in Orezone Gold Corp. following the recent closing of the company's bought-deal financing, Nioko Resources Corp. has subscribed for 10,719,659 common shares on a non-brokered private placement basis at a price of 82 cents per share.

The company intends to use the net proceeds from the private placement to accelerate both stage 2 of the hard rock expansion and additional exploration at its Bombore gold mine, as well as for working capital and general corporate purposes.

The private placement is a related party transaction as such term is defined by Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on an exemption from the formal valuation and minority shareholder approval requirements set out in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

About Orezone Gold Corp.

Orezone Gold is a West African gold producer engaged in mining, developing and exploring its flagship Bombore gold mine in Burkina Faso. The Bombore mine achieved commercial production on its oxide operations on Dec. 1, 2022, and is now focused on its staged hard rock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves. Orezone is led by an experienced team focused on social responsibility and sustainability with a proven record in project construction and operations, financings, capital markets, and mergers and acquisitions (M&As).

The technical report, entitled, "Bombore Phase II Expansion, Definitive Feasibility Study," is available on SEDAR+ and the company's website.

We seek Safe Harbor.