Orezone

Canaccord Genuity Acted as Sole Underwriter & Bookrunner to Orezone on its $35 Million “Bought Deal” Public Offering

Canaccord Genuity is pleased to announce that on March 13, 2025, its client, Orezone Gold Corporation (“Orezone” or the “Company”) (TSX: ORE) (OTCQX: ORZCF) closed its previously announced “bought deal” public offering consisting of 42,683,000 common shares of the Company (the “Common Shares”) at a price of $0.82 per Common Share (the “Offering Price”), for aggregate gross proceeds of $35,000,060 (the “Offering”).

Canaccord Genuity acted as sole underwriter and bookrunner to Orezone.

The Company intends to use the net proceeds from the Offering to accelerate both the Stage II hard rock expansion and additional exploration at its Bomboré Gold Mine, as well as for working capital and general corporate purposes.

Orezone is a West African gold producer engaged in mining, developing, and exploring its flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved commercial production on its oxide operations on December 1, 2022, and is now focused on its staged hard rock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves. 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.