Orezone Declares Commercial Production at the Bomboré GOLD MINE
OREZONE GOLD CORPORATION
450-505 Burrard Street
Vancouver, BC, V7X 1M3
T: 778-945-8977
OREZONE DECLARES COMMERCIAL PRODUCTION AT THE BOMBORÉ GOLD MINE
December 1, 2022 – Vancouver, BC - Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (“Orezone”)
is pleased to announce that the Bomboré Gold Mine (“Bomboré”) has achieved commercial production,
effective December 1, 2022.
Orezone has declared commercial production at Bomboré based on achieving 30 consecutive days of mill
throughput exceeding 70% of nominal nameplate capacity of 14,250 tonnes per day (“tpd”) and recovery
reaching design levels of 90%. During November 2022, th e mill processed 364,123 ore tonnes
(12,137 tpd) at a recovery rate of 91%.
Patrick Downey, President & CEO commented, “ Commercial production at Bombor é is a significant
milestone and transforms the Company to producer status. We congratulate the Bomboré team for their
excellent execution in achieving this goal. With our power supply issues now firmly behind us, we are
focused on optimizing plant performance and steadily increasing throughput and availabilit y with the
objective of exceeding design capacity.”
Management plans to provide annual guidance for Bomboré in January 2023.
About Orezone Gold Corporation
Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a Canadian mining company operating the open
pit Bomboré Gold Mine in Burkina Faso.
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. T he 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 Compan y 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 exper ienced 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 for the 2019 Feasibility Study on the Bomboré Project entitled N I 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.
For further information, please contact:
Patrick Downey
President and Chief Executive Officer
Vanessa Pickering
Manager, Investor Relations
- 2 -
Tel: 1 778 945 8977 / Toll Free: 1 888 673 0663
[email protected] / www.orezone.com
The Toronto Stock Exchang e 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.
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 the COVID -19 pandemic, terrorist or other violent att acks, the failure of parties to
contracts to honour contractual commitments, unexpected changes in laws, rules or regulations, or their enforcement
by applicable authorities; 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
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 ne eded 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 statements.
Although the forward-looking statements contained in this press release are based upon what managemen t 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 upd ate or revise the forward -looking statements contained
herein to reflect events or circumstances occurring after the date of this pres s release.