OTTAWA, ONTARIO--(Marketwired - July 19, 2016) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION
DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
Orezone Gold Corporation (TSX VENTURE:ORE) ("Orezone" or the "Company") is pleased to announce that it has
completed its previously announced $26,450,000 equity financing. A total of 26,450,000 common shares, including 3,450,000 common
shares issued pursuant to the exercise in full of the over-allotment option, have been issued today at a price of $1.00 per share
to a syndicate of underwriters co-led by Raymond James Ltd. and National Bank Financial Inc.
The common shares were sold by way of a short form prospectus in each of the provinces and territories of Canada other than
Quebec.
About Orezone Gold Corporation
Orezone is a Canadian company with a successful gold discovery track record and mine development experience in Burkina Faso,
West Africa. The Company owns a 100% interest in Bomboré, the largest undeveloped oxide gold deposit in West Africa, situated 85
km east of the capital city and adjacent to an international highway. The Company has completed a Feasibility Study and
received all environmental and critical approvals for the granting of a mining permit at Bomboré that is expected during the
third quarter of 2016.
Ron Little, CEO of Orezone, is a "Qualified Person" under National Instrument 43-101 and has reviewed the information in
this release. Readers should refer to Orezone's annual information form for the year ended December 31, 2015 and other
continuous disclosure documents filed by Orezone since January 1, 2016 available at www.sedar.com, for this detailed information, which is subject to the qualifications and notes set
forth therein.
FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release contains certain "forward-looking
statements" within the meaning of applicable Canadian securities laws. Forward-looking statements and forward-looking information
are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate",
"potential", "possible" and other similar words, or statements that certain events or conditions "may", "will", "could", or
"should" occur. Forward-looking statements in this release include statements regarding, among others; the granting of the
Bomboré mining permit in Q3 2016. Forward-looking statements involve known and unknown risks, uncertainties and other factors
that may cause the actual results, performance or achievements of the Company to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to,
the risks set out under "Risk Factors" in the Company's annual information form for the year ended December 31, 2015 and
those set out under "Risk Factors" in the Company's final short form prospectus dated July 12, 2016.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.