Orezone Confirms Bomboré Permit to Remain Valid
Orezone Confirms Bomboré Permit to Remain Valid
VANCOUVER, British Columbia, Oct. 07, 2024 -- Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company”
or “Orezone”) confirms that the Bomboré mining permit is valid, and that the government of Burkina Faso has no intention to
withdraw or revoke the Bomboré mining permit.
On October 5, 2024, the President of Burkina Faso, President Traore, spoke on Radio Burkina about several topics including
corruption, transport, agriculture and mining. Importantly, with respect to security, the President spoke about the significant
progress that has been made regaining territory lost to terrorist groups in the north and east of Burkina Faso, and he sees
further progress by the end of 2025.
Following the radio broadcast, there has been concerns in the mining sector about the government possibly withdrawing
mining permits.
The Company has been in contact with the government and they have clearly stated that the comments with respect to the
potential withdrawal of mining permits was meant only with respect to those companies operating in violation of the laws of
Burkina Faso. Companies operating in compliance with the laws of Burkina Faso, which includes Orezone and many other
mining companies, will not have their mining permits withdrawn or revoked.
About Orezone Gold Corporation
Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) 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.
The technical report entitled Bomboré Phase II Expansion, Definitive Feasibility Study is available on SEDAR+ and the
Company’s website.
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 .
The Toronto Stock Exchange neither approves nor disapproves the information contained in this news release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain information that may constitute “forward-looking information” within the meaning of
applicable Canadian Securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws
(together, “forward-looking statements”). 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. Forward-looking statements in this press release include,
but are not limited to, statements with respect to the validity of the Company’s Bomboré mining permit.
All such forward-looking statements are based on certain assumptions and analyses made by management 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.
All forward-looking 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, delays
caused by pandemics, terrorist or other violent attacks (including cyber security attacks), the failure of parties to contracts to
honour contractual commitments, unexpected changes in laws, rules or regulations, or their enforcement by applicable
authorities; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the
possibility of unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes
in key management 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 financing 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+. Readers are cautioned not to place undue reliance on
forward-looking statements.
Although the forward-looking statements contained in this press 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 press 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 press release.