Mr. Patrick Downey reports

OREZONE GOLD COMPLETES C$35 MILLION BOUGHT DEAL FINANCING

Orezone Gold Corp. has completed its previously announced bought deal financing, pursuant to which the company issued a total of 42,683,000 common shares of the company at a price of 82 cents per share for aggregate gross proceeds of $35,000,060. Canaccord Genuity Corp. acted as sole underwriter and bookrunner for the offering.

The company has granted the underwriter an option to acquire up to an additional 6,402,450 shares at the offering price for additional gross proceeds of up to $5,250,009, exercisable, in whole or in part, at any time on or prior to the date that is 30 days following the date hereof.

The company intends to use the net proceeds from the offering (and any proceeds received from the overallotment option) to accelerate the stage 2 hardrock expansion and additional exploration at its Bombore gold mine, as well as for working capital and general corporate purposes, as further described in the prospectus (as defined herein).

The shares were offered to the public in Canada by way of a short form prospectus dated March 7, 2025, and filed in each of the provinces of Canada (other than Quebec). The shares were also offered by way of private placement in certain offshore jurisdictions and in the United States, pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended.

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 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.

We seek Safe Harbor.