Mr. Ron Little reports

OREZONE ANNOUNCES INCREASE TO PREVIOUSLY ANNOUNCED BOUGHT DEAL FINANCING

Orezone Gold Corp., due to strong demand, has increased the size of its previously announced offering to 23 million common shares at a price of $1.00 per share for aggregate gross proceeds of approximately $23-million. The company has entered into an agreement with a syndicate of underwriters co-led by Raymond James Ltd. and National Bank Financial Inc. In addition, the company has agreed to grant to the underwriters an option to purchase up to an additional 15 per cent of the number of shares sold under the offering at a price of $1.00 per share, on the same terms and conditions as the offering, exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the offering.

The company intends to use the net proceeds of the offering for continued exploration and development of the company's Burkina Faso properties and for general working capital purposes. The shares to be issued under the offering will be offered by way of a short form prospectus in all provinces of Canada, except for Quebec.

The offering is scheduled to close on or about July 19, 2016, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange and the securities regulatory authorities.

We seek Safe Harbor.