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ORE.TO ·

Orezone Commences Trading ON the OTCQX Market IN the U.s.

Listings & Exchange

Orezone Gold Corporation

910-1111 Melville Street

Vancouver, BC, V6E 3V6

Tel: 778-945-8977

[email protected]

OREZONE COMMENCES TRADING ON THE OTCQX MARKET IN THE U.S.

April 30, 2020 – Vancouver, BC - Orezone Gold Corporation (TSX .V: ORE & OTCQX: ORZCF) (the “Company”)

announces that it has commenced trading on the OTCQX® Best Market, the top tier of OTC Markets in the United

States, under the symbol “ORZCF” effective today.

Patrick Downey, the Company’s President & CEO commented, “We are pleased to expand our market presence

in the U.S. by trading on OTCQX , improving accessibility and liquidity for our existing U.S. shareholders and

broadening our audience of U.S. retail and institutional investors as we advance the Bomboré Gold Project

towards production.”

U.S. investors can find current financial disclosure and Real -Time Level 2 quotes for the Company on

www.otcmarkets.com/stock/orzcf/quote.

The Company will continue to trade on the TSX Venture Exchange under the symbol “ORE”.

The Company was sponsored for OTCQX by Dorsey & Whitney LLP, a qualified law firm responsible for providing

guidance on OTCQX requirements.

Orezone Gold Corporation

Orezone Gold Corporati on (TSX.V: ORE & OTCQX: ORZCF) is a Canadian development company which owns a

90% interest in Bomboré, one of the largest undeveloped gold deposits in Burkina Faso. Bomboré hosts a large

oxide resource underlain by a larger, open sulphide resource, and will be developed in two stages.

Patrick Downey,

President and Chief Executive Officer

Vanessa Pickering

Manager, Investor Relations

Tel: 1 778 945 8977 / Toll Free: 1 888 673 0663

[email protected] /www.orezone.com

For further information please contact Orezone at +1 (778) 945 -8977 or visit the Company’s website at

www.orezone.com.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain “forwar d-looking information” within the meaning of applicable Canadian

securities laws. Forward -looking information and forward -looking statements (together, “forward -looking

statements”) 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.

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Forward-looking statements in this release include statements regarding the potential benefits of trading on the

OTCQX® Best Market and expectations for the Bomboré property.

All such forward-looking statements are based on certain assumptions and analyses made by management and

qualified persons in light of their experience and perception of historical trends, current conditions and expected

future developments, as well as other factors management and the qualified persons believe are appropriate in

the circumstances. The forward-looking information and statements are also based on metal price assumptions,

exchange rate assumptions, cash flow forecasts, and other assumptions. Readers are cautioned that actual

results may vary from those presented.

In addition, all forward-looking information and statements are subject to a variety of risks and uncertainties and

other factors that could cause actual events or results to differ materially from those projected in the forward -

looking statements including, but not limited to, use of assumptions that may not prove to be correct, unexpected

changes in laws, rules or regulations, or their enforcement by applicable authorities; uncertainty regarding

OTCQX® Best Market trading volumes and the benefits thereof; the failure of parties to contracts to perform as

agreed; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure,

the possibility of project cost overruns or unanticipated costs and expenses, accidents and equipment

breakdowns, political risk, unanticipated changes in key manage ment personnel and general economic, market

or business conditions, the failure of exploration programs, including drilling programs, to deliver anticipated

results and the failure of ongoing and uncertainties relating to the availability and costs of fina ncing needed in

the future, and other factors described in the Company’s most recent annual information form and management

discussion and analysis filed on SEDAR on www.sedar.com. Readers are cautioned not to place undue reliance

on forward-looking information or statements.

Although the forward-looking statements contained in this news release are based upon what management of

the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will

be consistent with these forward-looking statements. These forward-looking statements are made as of the date

of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable

securities laws, the Company does not assume any obligation to update or revise the forward-looking statements

contained herein to reflect events or circumstances occurring after the date of this news release.

Cautionary Note to United States Investors

The disclosure in this news release was prepared in accordance with Canadian National Instrument 43 -101 (“NI

43- 101”), which differs significantly from the requirements of U.S. Securities and Exchange Commission Industry

Guide 7. Accordingly, such disclosure may not be comparable to similar information made public by companies

that report in accordance with Industry Guide 7.

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.