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., pursuant to the early warning requirements of Canada's National Instrument 62-104 and NI 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 Suite 450, 505 Burrard St., Vancouver, B.C., V7X 1M3.

Pursuant to a binding subscription agreement dated March 17, 2025, Nioko Resources has acquired deemed beneficial ownership (in accordance with Section 1.8 of NI 62-104) of 10,719,659 common shares, to be issued from treasury at a price of 82 cents per acquired share, for aggregate consideration of $8,790,121.38.

Immediately prior to entering into the subscription agreement, Nioko Resources held 92,743,855 common shares of Orezone, representing approximately 18.2 per cent of the issued and outstanding common shares.

Immediately following the entering into of the subscription agreement, the acquiror has acquired deemed beneficial ownership (determined in accordance with NI 62-104) of 10,719,659 common shares, expected to represent approximately 2.0 per cent of the issued and outstanding common shares on closing of the equity financing.

The total holdings in the common shares of Orezone held by the acquiror postclosing of the equity financing will represent approximately 19.9 per cent of the issued and outstanding common shares.

Nioko Resources is acquiring the acquired shares for investment purposes. Depending on market and other conditions, Nioko Resources 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 phone at 226-70-21-70-04 or by e-mail at direction_generale@niokoresources.com.

About Nioko Resources Corp.

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

We seek Safe Harbor.