ORE Orezone Gold Corporation

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UNITED STATES


Orezone Gold Corporation (TSX:ORE) is pleased to announce that it has arranged a
non-brokered private placement financing of C$5M. Under the terms of the
placement, 10 million ordinary common shares of the Company will be issued at
C$.50/share. Commitments have been made by investors and a company with a
closing is expected in the next two weeks. Directors of the company may
subscribe to 10% of the financing. No commissions or finder's fees will be paid
in connection with the placement. 


The proceeds of the offering will be used to advance various technical studies
towards the completion of a Feasibility Study for an oxide only heap leach
operation at the Company's Bombore gold project located in Burkina Faso, West
Africa, and for general corporate purposes. The company expects to update its
Preliminary Economic Assessment before year-end and complete the Feasibility in
2014.


The offering of common shares is subject to a number of conditions, including,
without limitation, the finalization of definitive subscription documentation
and receipt of all regulatory approvals before closing, including the
conditional approval of the Toronto Stock Exchange.


"We are very pleased to secure this financing and provide the necessary funds to
advance the Bombore FS," said Ron Little, President and CEO for Orezone. 


About Orezone Gold Corporation 

Orezone is a Canadian company with a gold discovery track record of +12 Moz and
recent mine development experience in Burkina Faso, West Africa. The Company
owns a 100% interest in Bombore which is situated 85 km east of the capital
city, adjacent to an international highway. Mineral resources are constrained
within optimized open pit shells that span 11 km, and include 4.13 Moz of
measured and indicated (125 Mt @ 1.03 g/t) and 1.03 Moz of inferred resources
(35 Mt @ 1.00 g/t) with an average depth of drilling to only 120 meters. The
Company is completing an NI 43-101 compliant Preliminary Economic Assessment
("PEA") for an oxide only heap leach operation at Bombore in order to become a
mid-tier gold producer.


Pascal Marquis, SVP Exploration and Ron Little, CEO are Qualified Persons under
National Instrument 43-101 have reviewed the information in this release. 


FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING INFORMATION: This news release
contains certain "forward-looking statements" within the meaning of applicable
Canadian securities laws. Forward-looking statements and forward-looking
information 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 release include statements regarding, among others; completing a
non-brokered private placement financing, updating the PEA for the HL scenario,
completing a FS at Bombore, and becoming a mid-tier gold producer.


FORWARD-LOOKING STATEMENTS are based on certain assumptions, the opinions and
estimates of management at the date the statements are made, and 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. These factors include the inherent risks involved in
the exploration and development of mineral properties, the uncertainties
involved in interpreting drilling results and other geological and geotechnical
data, fluctuating metal prices, the possibility of project cost overruns or
unanticipated costs and expenses, the ability of contracted parties (including
laboratories and drill companies to provide services as contracted);
uncertainties relating to the availability and costs of financing needed in the
future and other factors. The Company undertakes no obligation to update
forward-looking statements if circumstances or management's estimates or
opinions should change. The reader is cautioned not to place undue reliance on
forward-looking statements. Comparisons between any resource model or estimates
with the subsequent drill results are preliminary in nature and should not be
relied upon as potential qualified changes to any future resource updates or
estimates.


Readers are advised that National Instrument 43-101 of the Canadian Securities
Administrators requires that each category of mineral reserves and mineral
resources be reported separately. Readers should refer to the annual information
form of Orezone for the year ended December 31, 2012 and other continuous
disclosure documents filed by Orezone since January 1, 2013 available at
www.sedar.com, for this detailed information, which is subject to the
qualifications and notes set forth therein.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Orezone Gold Corporation
Ron Little
CEO
(613) 241-3699 or Toll Free: (888) 673-0663
rlittle@orezone.com


Orezone Gold Corporation
Sean Homuth
CFO
(613) 241-3699 or Toll Free: (888) 673-0663
shomuth@orezone.com

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