Mr. Patrick Downey reports

OREZONE CONFIRMS BOMBORE PERMIT TO REMAIN VALID

Orezone Gold Corp. confirms that the Bombore mining permit is valid, and that the government of Burkina Faso has no intention to withdraw or revoke the Bombore mining permit.

On Oct. 5, 2024, the president of Burkina Faso, President Traore, spoke on Radio Burkina about several topics, including corruption, transport, agriculture and mining. Importantly, with respect to security, the President spoke about the significant progress that has been made regaining territory lost to terrorist groups in the north and east of Burkina Faso, and he sees further progress by the end of 2025.

Following the radio broadcast, there has been concerns in the mining sector about the government possibly withdrawing mining permits.

The company has been in contact with the government, and it has clearly stated that the comments with respect to the potential withdrawal of mining permits was meant only with respect to those companies operating in violation of the laws of Burkina Faso. Companies operating in compliance with the laws of Burkina Faso, which includes Orezone and many other mining companies, will not have their mining permits withdrawn or revoked.

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.

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

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