Orezone Pours First GOLD at the Bomboré MINE
OREZONE GOLD CORPORATION
450-505 Burrard Street
Vancouver, BC, V7X 1M3
T: 778-945-8977
OREZONE POURS FIRST GOLD AT THE BOMBORÉ MINE
September 12 , 2022 – Vancouver, BC - Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the
“Company” or “Orezone”) is very pleased to announce that the Company has poured first gold from its
Bomboré Mine, located in Burkina Faso.
The construction of the Bomboré Mine was completed under budg et, on time, and with no lost time
injuries. Commissioning of the process plant commenced in late July with ore introduced into the circuit
near the end of August. T he plant continues to operate well with all systems functioning as designed
resulting in gold recoveries slightly above expectations. Current mill feed is a combination of direct tipped
ore from the pits and from stockpiles at the ROM pad. Mining operations are performing as planned and
will ramp up as the mine enters commercial production expected in early Q4-2022.
Patrick Downey, President and CEO stated:
“I want to give recognition and thanks to the entire Bomboré team for their extraordinary efforts in
achieving this important milestone of first gold. The team exceeded expectations by delivering the plant
construction under budget in a period marked by rapid inflation and COVID-related disruptions. This team
includes our employees, communities, consultants, contractors, and local businesses under the guidance
and direction of the Bomboré site leadership in conjunction with Lycopodium, our EPCM contractor. In a
short span of twenty months, we have successfully financed and constructed this greenfield project,
mined over 15.7 million tonnes of material, including 5 .8 million tonnes of ore , while maintaining the
health and safety of our workforce.”
Michael Halvorson, Chairman of the Board stated:
“On behalf of the Board of Directors , I would like to congratulate management and the entire Orezone
organization in becoming West Africa’s newest gold producer . Their exemplary work to overcome
unprecedented challenges in logistics, supply chain issues, rising input prices and amid the COVID
pandemic is a testament of their unwavering commitment to the project. I also want to acknowledge our
lending partners and shareholders, whose strong support has allowed the Bomboré Mine to be built. We
are now well -positioned to generate meaning ful cashflows to assist with o ur future Phase II sulphide
expansion and to provide sustainable benefits to our local communities and host country, and enduring
employment to our Burkinabé workforce.”
- 2 -
Orezone’s Burkina Faso Country Manager, Ousseni Derra and VP, Project Development, Ricardo
Rodrigues holding the first gold doré bar from the Bomboré Mine.
Final Construction, Commissioning and First Gold Pour
For the Company’s latest video on the final stages of construction, commissioning, and first gold pour,
please click on the following link: https://youtu.be/uFBhwapMD-8
About Orezone Gold Corporation
Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a Canadian gold mining company ope rating the
open pit Bomboré Mine in Burkina Faso.
The technical report for the 2019 Feasibility Study on the Bomboré Project entitled NI 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.
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 Bombor é 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 Company plans to issue an updated mineral resource and
- 3 -
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 experienced team focused on social responsibility and sustainability wi th a proven
track record in project construction and operations, financings, capital markets and M&A.
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 th e 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 man agement 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 attacks, 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 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 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.
- 4 -