Orezone Gold Corporation (TSX: ORE) (OTCQX: ORZCF) is pleased to provide the final drill results from the Phase III program from P17S-NE along the P17 mineralized trend at its Bomboré Gold Mine, located in Burkina Faso.

The focus of the Phase III drilling at P17S was to better define the continuity of the repeat, folded high-grade granodiorite mineralized zones.

The drill results continue to be very positive confirming the following:

• Down-plunge continuity of the mineralized zones at P17S has now been extended over an additional 100 m beyond the last set of drill results, with the system still open.

• Drilling continues to intercept significant new mineralization outside of the current resource boundaries.

• The mineralized zones remain open towards surface and at depth over a strike exceeding 300 m.

P17S Drilling Highlights:

• 23.00 m of 2.84 g/t Au from 257.00 m including 11.00 m of 5.26 g/t Au from 269.00 m in hole BBD1125

• 12.00 m of 2.13 g/t Au from 245.00 m including 1.00 m of 19.37 g/t Au from 245.00 m in hole BBD1124

• 3.60 m of 5.58 g/t Au from 157.00 m in hole BBD1134

• 3.80 m of 4.55 g/t Au from 312.20 m in hole BBD1141

• 8.00 m of 3.40 g/t Au from 86.00 m including 1.00 m of 17.99 g/t Au from 88.00 m in hole BBD1133

• 11.00 m of 1.78 g/t Au from 186.00 m including 2.00 m of 7.54 g/t Au from 192.00 m in hole BBD1143

• 3.00 m of 4.15 g/t Au from 130.00 m including 1.00 m of 10.13 g/t Au from 131.00 m in hole BBD1133

Dr. Pascal Marquis, SVP of Exploration, stated, “These final drilling results at P17S confirm that this deposit continues to grow and is still open for further exploration. We have expanded the known zones significantly both along strike and down dip and intersected several new zones outside of the current resource pit shell. Based on the results of this program, we expect returning to P17S to drill later in 2022. Drilling is now well underway at the Siga deposits, which will then be followed by drilling to the North at the Maga deposits. Results from these programs will be released throughout the remainder of 2022.”

Table 1: P17 Trend Highlight Drill Results

* True widths for P17S drilling are approximately 90% of drilled lengths.

Figure 1: P17 Trend Long Section Looking West

 Figure 2: Cross Section 43350 Looking North

 Figure 3: Cross Section 43400 Looking North

 About Orezone Gold Corporation

Orezone Gold Corporation is a Canadian gold mining company operating the open pit Bomboré Mine in Burkina Faso.

The technical report for the 2019 Feasibility Study on the Bomboré Project entitled NI 43-101 Technical Report (Amended) Feasibility Study of the Bomboré Gold Project is available on SEDAR under the Company’s profile at www.Sedar.com.

Orezone is focusing on mining and processing the Phase I near surface free-dig oxides at a planned annual throughput of 5.2 million tonnes. The Company believes that Bomboré has a significant underlying sulphide resource to support a substantially larger Phase II expansion. A 77,000 m infill and expansion drill program is ongoing and once completed, the Company plans to issue an updated mineral resource and reserve statement and feasibility study, as part of this Phase II expansion. It is expected that the studies will be completed in H1-2023 to be followed by a production decision.

Orezone is led by an experienced team focused on social responsibility and sustainability with a proven track record in project construction and operations, financings, capital markets and M&A.