An anonymous director of Nioko reports

NIOKO RESOURCES FILES EARLY WARNING REPORT IN RESPECT OF OREZONE GOLD CORPORATION

This news release is issued by Nioko Resources Corp. (the acquiror) pursuant to the early warning requirements of Canada's National Instrument 62-104 (NI 62-104) and National Instrument 62-103 with respect to common shares of Orezone Gold Corp., a reporting issuer in each of the provinces and territories of Canada with a head office at 450-505 Burrard St., Vancouver, B.C., V7X 1M3.

Pursuant to a binding subscription agreement dated July 9, 2024 (the subscription agreement), the acquiror has acquired deemed beneficial ownership (in accordance with Section 1.8 of NI 62-104) of 92,743,855 common shares (the acquired shares) to be issued from treasury at a price of 70 cents per acquired share for aggregate consideration of $64,920,698.50 (the equity financing).

The acquired shares are expected to represent approximately 19.99 per cent of the common shares issued and outstanding on closing of the equity financing. Prior to entering into the subscription agreement, Nioko Resources did not beneficially own or control or have direction over, directly or indirectly, any securities of Orezone.

The acquiror is acquiring the acquired shares for investment purposes. Depending on market and other conditions, the acquiror may increase or decrease its beneficial ownership, control or direction over common shares through market transactions, private agreements, treasury issuances, exercise of options, warrants, convertible securities or otherwise, in each case as investment conditions warrant.

An early warning report disclosing the acquisition of the deemed beneficial ownership of the acquired shares under the equity financing will be filed on Orezone's SEDAR+ profile and can be obtained from Nioko Resources, Ouagadougou, Secteur 54, Parcelle 02, Lot 17, Section 281(I), S/C 01 BP 2061, Ouagadougou 01, Burkina Faso, attention: director general, by e-mail: direction_generale@niokoresources.com.

About Nioko Resources Corp.

Nioko Resources is a West African investment company focused on regional growth.

We seek Safe Harbor.