NOT FOR RELEASE TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Patrick Downey, President and CEO stated, "The commencement of trading on the ASX marks an exciting milestone for the Company. This secondary listing has already served to broaden our investor base into the very active Australian mining market, further enhancing the Company's capital markets profile and trading liquidity. The proceeds from the IPO that closed on August 6 now enables Orezone to accelerate the stage 2 hard rock e ...

NOT FOR RELEASE TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to announce that it has completed its initial public offering on the Australian Securities Exchange (“ASX”) consisting of the issuance of 65,789,474 CHESS Depository Interests (“CDIs”) over fully paid common shares in the capital of the Company ("Shares") at an offer price of A ...

Core Viewpoint - Orezone Gold Corporation is initiating an initial public offering (IPO) to raise A$75.0 million to support its listing on the Australian Securities Exchange (ASX) and fund its expansion projects at the Bomboré Mine [1][4]. Group 1: IPO Details - The company is offering 65,789,474 CHESS Depository Interests (CDIs) at an offer price of A$1.14 per CDI, aiming for gross proceeds of A$75.0 million [2]. - The offer opened on July 11, 2025, and is expected to close on July 21, 2025, with trading on the ASX anticipated to commence around August 8, 2025 [6]. - The offer price represents a 7.2% discount to Orezone's closing price of C$1.10 on the Toronto Stock Exchange (TSX) on July 9, 2025, and an 8.5% discount to the five-day volume-weighted average price of C$1.115 [6]. Group 2: Underwriting and Management - Orezone has entered into an underwriting agreement with Canaccord Genuity (Australia) Limited, which will act as the lead manager, bookrunner, and underwriter for the offer [3]. - Euroz Hartleys Limited, Argonaut Securities Pty Limited, SCP Resource Finance LP, and BMO Capital Markets Corp. have been appointed as co-managers for the offer [3]. Group 3: Use of Proceeds - The net proceeds from the offer will be allocated to the advancement of stage 2 of the hard rock expansion at the Bomboré Mine, including procurement of equipment, engineering design, construction, and ongoing exploration [4]. - The first gold from the stage 1 hard rock plant is scheduled for Q4-2025, with production in 2026 expected to be between 170,000 to 185,000 ounces [4]. - The stage 2 expansion is projected to increase overall gold production at the Bomboré Mine to between 220,000 to 250,000 ounces per annum, with commissioning expected in Q4-2026 [4]. Group 4: Company Background - Orezone Gold Corporation is a West African gold producer focused on mining, developing, and exploring its 90%-owned Bomboré Gold Mine in Burkina Faso, which achieved commercial production on December 1, 2022 [9]. - The company is committed to social responsibility and sustainability, led by a team with a proven track record in project construction, operations, and capital markets [9].