Mr. Patrick Downey reports

OREZONE GOLD ANNOUNCES FULL EXERCISE OF OVER-ALLOTMENT OPTION

Orezone Gold Corp.'s agent, Canaccord Genuity Corp., the sole underwriter and bookrunner for the company's previously announced $35-million bought deal financing that closed on March 13, 2025, has now fully exercised its overallotment option under the offering to acquire an additional 6,402,450 common shares of the company at a price of 82 cents per share for additional gross proceeds of $5,250,009. The issuance and purchase of the additional 6,402,450 shares closed earlier today.

The company intends to use the net proceeds from the overallotment option to accelerate both Stage 2 of the hard-rock expansion and additional exploration at its Bombore gold mine, as well as for working capital and general corporate purposes, as further described in the company's short-form prospectus dated March 7, 2025.

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.

We seek Safe Harbor.