Mr. Patrick Downey reports

OREZONE FILES BOMBORE PHASE II EXPANSION STUDY TECHNICAL REPORT

Further to its news release dated Oct. 11, 2023, Orezone Gold Corp. has filed an independent National Instrument 43-101 technical report entitled "Bombore Phase II Expansion, Definitive Feasibility Study."

A copy of the feasibility study is available on SEDAR+ and the company's website.

The feasibility study was prepared for Orezone by personnel from Lycopodium Mineral Canada Ltd. and other industry consultants, each of whom is a qualified person within the meaning of NI 43-101 and considered to be independent of the company under Section 1.5 of NI 43-101.

About Orezone Gold Corp.

Orezone Gold is a Canadian mining company operating the open-pit Bombore gold mine in Burkina Faso.

The company is mining and processing the phase I near-surface free-dig oxides at a throughput of 5.9 million tonnes per annum. The company's planned phase II expansion consists of an independent 4.4-million-tonne-per-annum hard-rock plant operating alongside the existing oxide plant to deliver a significant increase in annual gold production at a low incremental capital cost. Construction of the new 4.4-million-tonne-per-annum hard-rock plant will enable Bombore to produce an average of 209,000 gold ounces per year at a mine-level AISC (all-in sustaining cost) of $1,121 per ounce for over eight years. First gold from the phase II expansion is scheduled for Q3 2025. Significant exploration potential exists to expand Bombore's mineral reserves through future resource conversion and new discoveries from drilling of promising high-priority targets.

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 M&A (mergers and acquisitions).

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

Qualified persons

Dr. Pascal Marquis, Geo, PhD, senior vice-president; Dale Tweed, PEng, vice-president, engineering; and Rob Henderson, PEng, vice-president, technical services, of Orezone, are qualified persons under NI 43-101 and have reviewed and approved the scientific and technical information contained in this news release. Dr. Marquis, Mr. Tweed and Mr. Henderson are not independent within the meaning of NI 43-101.

We seek Safe Harbor.