Mr. Patrick Downey reports

OREZONE GOLD FILES FINAL SHORT FORM PROSPECTUS IN CONNECTION WITH C$35 MILLION BOUGHT DEAL

Further to the press release dated Feb. 23, 2025, in respect of a bought deal offering of common shares, Orezone Gold Corp. has filed a final short form prospectus dated March 7, 2025, with the securities commissions in all provinces of Canada, except Quebec, and has obtained a receipt therefor.

The final prospectus qualifies the distribution of 42,683,000 common shares at a price of 82 cents per common share for aggregate gross proceeds of $35,000,060 and up to an additional 6,402,450 common shares at the offering price issuable upon exercise of the overallotment option granted to the underwriter, all as more fully described in the final prospectus. Closing of the offering is expected on or about March 13, 2025, and is subject to customary closing conditions and regulatory approval, including final approval of the Toronto Stock Exchange.

Access to the final prospectus and any amendment are provided in accordance with securities legislation relating to procedures for providing access to a short form prospectus and any amendment. The final prospectus is accessible under the company's profile on SEDAR+. An electronic or paper copy of the final prospectus and any amendment may be obtained, without charge, from Canaccord Genuity Corp. by e-mail at ecm@cgf.com by providing the contact with an e-mail address or address, as applicable. Prospective investors should read the final prospectus in its entirety before making an investment decision.

About Orezone Gold Corp.

Orezone 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 focused on its staged hardrock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hardrock 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.

We seek Safe Harbor.