ORE Orezone Gold Corporation

Orezone Gold Corporation (TSX:ORE) ("Orezone" or the "Company") is pleased to
announce that it has completed the sale of its Sega Gold Project ("Sega") in
Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately
US$26.5M. The consideration is comprised of US$15M in cash and 11M new common
shares of Cluff, representing 6.5% of Cluff's issued and outstanding common
shares. The Cluff shares are subject to a four-month hold period as well as an
orderly market provision.


Sega is strategically located adjacent to Cluff's Kalsaka mine, approximately
150 km northwest of the capital of Burkina Faso. The transaction will allow
Cluff to increase the mine life of Kalsaka and potentially increase the
production profile for the combined area. In addition, gold production from Sega
will occur much sooner than previously scheduled by Orezone and this will
benefit all stakeholders, especially the people of Burkina Faso.


"The proceeds from this sale combined with the US$16M currently in the treasury,
gives Orezone the financial strength to complete all of its planned 2012
exploration programs and feasibility studies without the need for any additional
capital", commented Ron Little, CEO of Orezone. 


About Orezone Gold Corporation 

Orezone is a Canadian company with a gold discovery track record of +10 M oz and
recent mine development experience in Burkina Faso, West Africa. Bombore, the
Company's 100% owned flagship project, is one of the largest gold deposits in
the country and is situated 85 km east of the capital city, adjacent to an
international highway. Resources are constrained within optimized open pit
shells that span 11 km, and include 1.6 Moz indicated (60.9 Mt @ 0.81 g/t) and
1.9 Moz inferred resources (60.6 Mt @ 0.96 g/t) with an average drill depth of
only 60 meters. The Company has recently completed a 215,000 m drill program to
significantly expand resources and support the completion of a BFS in 2012.
Orezone's goal is to develop Bombore into a world-class deposit by the end of
2012 and become a mid-tier producer by 2015.


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" and other similar
words, or statements that certain events or conditions "may" or "will" occur.
Forward-looking statements in this release include statements regarding, among
others, completion of a bankable feasibility study in 2012; and commencement of
production at the Bombore Project by 2015. 


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 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, 2011 and other continuous
disclosure documents filed by Orezone since January 1, 2012 available at
www.sedar.com, for this detailed information, which is subject to the
qualifications and notes set forth therein.

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