Mr. Patrick Downey reports

OREZONE REPORTS THIRD QUARTER 2026 PRODUCTION RESULTS

Orezone Gold Corp. has released its production results for the three and nine months ended Sept. 30, 2026. The company will release its third quarter 2026 financial results after market close on Monday, Nov. 16, 2026. Conference call and webcast details are provided at the end of this release. All dollar amounts are in United States dollars unless otherwise indicated.

Patrick Downey, president and chief executive officer, commented: "Orezone continued its strong operational momentum through Q3, achieving record production of just under 60,000 oz for the quarter. The company expects Q4 to be yet another record-breaking quarter, with operations at both Bombore and Casa Berardi to benefit from an increase of higher-grade direct feed ore. Orezone remains well positioned to achieve its production targets at both operations and reiterates its 2026 production guidance.

"During Q3, the company announced the results of the Casa Berardi life-of-mine study, which highlighted a 14-year mine life with annual average production of 116,000 oz at an all-in sustaining cost of $1,877 per ounce. Catalysts through the balance of the year include exploration results from both Bombore and Casa Berardi, and a PEA on the Heva-Hosco development project located in Quebec."

Bombore operations

Bombore delivered another solid operating quarter, with tonnes mined exceeding plan. Mining at the high-grade P17 pit focused on waste stripping in the quarter allowing the quantity of ore released from this pit to improve toward the end of Q3. Additional access to high-grade direct feed ore is scheduled in Q4 which will contribute to greater gold production from hard rock operations.

Processing performance also remained strong in the quarter, with both oxide and hard rock circuits continuing to operate well above nameplate design while maintaining recoveries in line with expectations.

Casa Berardi operations

Casa Berardi's gold production was on target in Q3 despite a seven-day suspension of operations in July due to local wildfire activity. Quarterly mill throughput averaged 4,195 tonnes per day (tpd) versus planned annual of 3,900 tpd with gold recoveries averaging 89 per cent versus 84 per cent planned.

Completion of the F160 pit waste stripping program in Q3, together with continued operating improvements, position Q4 to be Casa Berardi's strongest production quarter for the year. Q4 will benefit from increased higher-grade open pit ore, eliminating the need to supplement mill feed with lower-grade stockpiled material as was required in Q3.

Underground production and development rates continued to ramp-up in Q3, supported by the ongoing expansion of the underground work force and new equipment deliveries. During Q3, Casa Berardi received four additional mobile equipment units, bringing the year-to-date deliveries to seven of the eight planned units for 2026.

Leadership update

The company continued to strengthen its leadership team with the appointments of Sophie Bertrand as vice-president, sustainability, and Christian Bruneau as vice-president, general manager, of Orezone Quebec, effective Oct. 1, 2026, and Sept. 28, 2026, respectively.

Ms. Bertrand brings nearly 20 years of international mining experience in sustainability, environmental and social performance, and responsible mining. Most recently, she served as senior director, sustainability, at New Gold, following progressively senior roles with Yamana Gold and Pan American Silver, and earlier experience in environmental and social impact consulting. Ms. Bertrand holds an MBA in global mining management from the Schulich School of Business. She will oversee the company's sustainability initiatives, including advancing permitting for the Heva-Hosco project.

Mr. Bruneau brings more than 30 years of mining industry experience, including previous experience at Casa Berardi. He has held senior operational leadership roles with Glencore's Sudbury integrated nickel operations, serving as director of the Nickel Rim South and Fraser mines. His career includes leadership of underground mining operations in Ontario, and he studied mining engineering at Universite Laval. Mr. Bruneau will be directly responsible for the Casa Berardi operation, with a focus on health and safety, operational performance, and execution of the mine's development plans.

Q3 2026 conference call and webcast

Monday, Nov. 16, at 3 p.m. PT, 5 p.m. ET; Tuesday, Nov. 17, 2026, 9 a.m. AT

Participants may also listen to the conference call by calling North American toll-free 1-800-715-9871 or 1-646-307-1963 outside Canada or the United States.

Conference ID:  6579626

About Orezone Gold Corp.

Orezone Gold is an emerging intermediate gold producer with operations in Canada and West Africa. Its Casa Berardi and Bombore gold mines host significant mineral endowments, growth opportunities, and exploration upside. The recently acquired Casa Berardi mine in Quebec has produced over 3.2 million oz of gold to date while the Bombore mine was constructed and brought into production by Orezone in late 2022.

Orezone is led by an experienced management team committed to safe, sustainable and responsible mining practices, with a focus on delivering long-term value for all stakeholders.

Qualified person

The scientific and technical information in this news release was reviewed and approved by Rob Henderson, PEng, vice-president of technical services, who is a qualified person as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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