Orezone Gold Corporation (TSX:ORE) the Company, is pleased to announce it has signed a royalty purchase agreement with Sandstorm Gold Ltd. (NYSE MKT:SAND) (TSX: SSL) that provides up to US$8.0 million in financing to advance its Bombore Project in Burkina Faso, West Africa. Sandstorm has purchased a 0.45% net smelter returns royalty on Bombore for US$3.0 million. Orezone has the option to buy back 100% of the Upfront Royalty for a period of 36 months at a premium of 5% within six months or thereafter at 10% per annum.
 

Sandstorm has also committed to provide Orezone an additional US$5.0 million Standby Royalty facility for a period of two years. On similar terms, Orezone can draw down, US$1 million per 0.15% NSR. The Standby Royalty can also be repurchased at a premium of 10% per annum if Orezone completes a gold stream financing and Sandstorm participates for no less than US$30 million. Sandstorm will hold a right of first refusal on any future stream or royalty financings related to the Bombore Project until 36 months following the achievement of commercial production at Bombore.
 

“This financing provides the financial flexibility to complete the Bombore Feasibility Study and apply for the mining permit in H1 2015,” stated Ron Little, Chief Executive Officer for Orezone. “Both are significant milestones that will lay the foundation for a full project financing. The goal has always been to complete these objectives with minimal dilution to the Company’s tight capital structure.”
 

About Orezone Gold Corporation
 

Orezone is a Canadian company with a gold discovery track record of +12 Moz and recent mine development experience in Burkina Faso, West Africa. The Company owns a 100% interest in Bombore, the largest undeveloped oxide gold deposit in West Africa which is situated 85 km east of the capital city, adjacent to an international highway. The Company is continuing with various technical studies in order to be in a position to complete a full feasibility study and an application for a mining permit in H1 2015.