A map is associated with this press release. 

Orezone Gold Corporation (TSX:ORE) is pleased to announce additional positive
oxide and sulphide drill results from the recently completed 215,000 m infill
and expansion drill program at its 100% owned Bombore Gold Project in Burkina
Faso, West Africa. Results include 351 reverse circulation (RC) holes (21,302 m)
and 126 diamond drill (DD) core holes (19,744 m) from the northern portion of
the 11 km long Bombore resource (see Table 3. below). The majority of these core
results are from the northern Maga and CFU area (see Map below) which accounted
for approximately 20% of the 2010 resources. All but 1,366 m of RC drilling
program have now been reported and a full NI 43-101 compliant resource update is
underway and expected to be released in July.


 "These results confirm the more robust nature of the P8P9 and Maga areas with
respect to continuity, widths and grades." said Ron Little, CEO for Orezone.
"Although the average depth of drilling has only been increased from 60 m to 120
m, significant mineralization has been intersected at depths of up to 255 m.
This and the results reported to date highlights the potential to significantly
expand and upgrade the Bombore resource and improve the grade and preliminary
economics of the project announced in June 2011."


Metallurgical Test Program

A metallurgical test program on the oxide and sulphide ores is now complete and
a summary of the results is expected in June. Results to date indicate
recoveries of +90% from oxides using a standard CIL process. The results will be
integrated into the next round of Whittle pit resource modeling and will form
the basis for developing a processing flow sheet, plant capacity, equipment
selection and sizing and capital and operating cost estimates for the Definitive
Feasibility Study ("DFS"). 


Project Management Addition

The Company is also pleased to announce that Mr. Claude Poulin has been hired as
the Bombore Project Manager to assist with the completion of the DFS and to
transition the project team from exploration to development. Claude has more
than 30 years of experience in the mining industry and holds a BSc Eng. degree
and an MBA. He has considerable gold mine development and operation experience
in West Africa including the Morila and Sadiola mines in Mali for Anglogold
Ashanti, the Essakane mine for IAMGOLD and the Mana mine for SEMAFO in Burkina
Faso. 


Phase 2 Resource Expansion Drilling

Further expansion and exploration drilling has continued since the completion of
the 215,000 m program in March. Approximately 25,000 of core and RC drilling has
been completed in the Southern region, mostly at Siga South, utilizing two core
rigs and Orezone's own RC rig. A number of new regional targets based on
previous auger drilling are also being tested during this Phase 2 drilling
program. The Phase 1 program included some 142 scout RC holes on auger targets,
of which several have returned positive results (see Table 6 below). The
follow-up RC drilling on the P17N, P16 and P8P9 (see Map below) scout drilling
results has now been completed and results are expected in June and July. The
follow up program will continue in a similar fashion in the Northern region,
based on the auger and scout drilling results, only after the rainy season in
Q4. None of the Phase 2 results will be incorporated into the July resource
update. 


Regional Exploration - New Discoveries

In May 2012, Orezone completed a 1,185-hole (4,860 m) auger drilling program on
a series of new regional targets where the assay results are expected in June.
The reconnaissance mapping and prospecting program on the new Toeyoko permit to
the southwest identified two promising targets on the permit. The first is P13
(see Map below), an 11 km long structure extending north onto the Bombore permit
with similar geology to that of the Siga West-Siga South deposit. This structure
is associated with anomalous gold-in-soil geochemistry and with several gold
workings where 11 grab and chip samples averaged 1.1 g/t (maximum of 4.0 g/t).
The target has been covered by the recent auger drilling program using a 400 m
by 25 m drilling pattern. The second target, P17S (see Map below), is located
1,600 m to the south of the P17 deposit that was included in the 2010 resource
estimate. Grab and chip sampling of gold workings within the target area
returned an average of 2.8 g/t from 13 samples of felsic intrusive material
(maximum of 7.6 g/t), and an average of 1.1 g/t from 27 samples of sheared
intermediate to mafic intrusive (maximum of 8.3 g/t). The Company completed
three core holes on two fences 100 m apart on this target in April, all of which
intersected gold mineralization in felsic intrusives hosted in sheared
meta-gabbro (see Table 5. below). The uncut grade is averaging 2.9 g/t over a
core length of 6.25 m (maximum of 10.2 g/t). The true width of these mineralized
intervals is unknown at this stage. 


The P17 deposit and the new P17S prospect are both associated with a 5 km
NNE-oriented metagabbroic intrusive. Three auger fences have tested the possible
strike extension of the P17S prospect. A high-resolution resistivity survey is
planned during the rainy season over this new target area to better constrain
the geological interpretation. Pending results of this survey and further auger
drilling results, the new P17S prospect may receive additional expansion
drilling during Q4.




Table 1. Cumulative Current Program Results Reported to Date
                                                            
------------------------------------------------------------
Current Program Results             Average Grade           
------------------------------------------------------------
                                          Uncut      Cut(1) 
Zone               Holes      meters       (g/t)       (g/t)
------------------------------------------------------------
KT - RC               41       2,137       1.39        1.23 
------------------------------------------------------------
KT - DD                4         442       1.73        1.67 
------------------------------------------------------------
CFU - RC             126       7,805       1.54        1.06 
------------------------------------------------------------
CFU - DD              24       3,738       1.32        0.97 
------------------------------------------------------------
Maga - RC            331      20,651       1.23        1.09 
------------------------------------------------------------
Maga - DD            131      20,019       1.19        1.09 
------------------------------------------------------------
P8P9 - RC            617      39,651       1.20        1.02 
------------------------------------------------------------
P8P9 - DD            173      28,109       1.19        1.00 
------------------------------------------------------------
North - RC         1,115      70,244       1.23        1.05 
------------------------------------------------------------
North - DD           332      52,307       1.20        1.03 
------------------------------------------------------------
P11 - RC             239      12,517       1.02        0.98 
------------------------------------------------------------
P11- DD               75      10,878       1.07        0.97 
------------------------------------------------------------
Siga E - RC          182       9,893       1.05        0.96 
------------------------------------------------------------
Siga E - DD           78      11,354       1.27        1.06 
------------------------------------------------------------
Siga W - RC          146       7,401       0.93        0.89 
------------------------------------------------------------
Siga W - DD           74      10,450       0.90        0.87 
------------------------------------------------------------
Siga S - RC          208      10,517       2.20        0.97 
------------------------------------------------------------
Siga S - DD           66      10,513       1.09        1.01 
------------------------------------------------------------
South - RC           775      40,328       1.45        0.95 
------------------------------------------------------------
South- DD            293      43,195       1.07        0.98 
------------------------------------------------------------
P17 N - RC             4         201       0.98        0.98 
------------------------------------------------------------
P17 N - DD             0           0                        
------------------------------------------------------------
P17 - RC              25       1,227       2.24        1.86 
------------------------------------------------------------
P17 - DD              23       2,879       1.50        1.38 
------------------------------------------------------------
P16 - RC              29       1,544       1.36        1.30 
------------------------------------------------------------
P16 - DD              26       3,831       2.73        1.65 
------------------------------------------------------------
SE - RC               58       2,972       1.66        1.49 
------------------------------------------------------------
SE - DD               52       7,124       2.33        1.56 
------------------------------------------------------------
------------------------------------------------------------
All - RC           1,948     113,544       1.32        1.03 
------------------------------------------------------------
------------------------------------------------------------
All - DD             677     102,625       1.21        1.04 
------------------------------------------------------------
------------------------------------------------------------
                                                            
(1) Weighted average grade of individual assays, cut to 5 g/t, that occur   
both in and outside the 2010 Whittle pit shells                             
                                                                            
                                                            
                                                            
Table 2. Breakdown of Drilling Meterage for this Release    
                                                            
------------------------------------------------------------
Zone                   Diamond Drill     Reverse Circulation
            ------------------------------------------------
              # of holes      meters  # of holes      meters
------------------------------------------------------------
KT                     4         442          41       2,137
------------------------------------------------------------
CFU                   20       3,085         117       7,223
------------------------------------------------------------
Maga                  72      11,147         189      11,689
------------------------------------------------------------
P8P9                  14       2,328           4         253
------------------------------------------------------------
P16                   10       1,848           0           0
------------------------------------------------------------
Siga S                 6         894           0           0
------------------------------------------------------------
P17S                   3         414           0           0
------------------------------------------------------------
TOTAL                129      20,158         351      21,302
------------------------------------------------------------
                                                                         
                                                                         
Table 3. Highlights of Diamond Drill Hole Results for this Release       
(Includes holes previously reported for which the final total assay      
results are now available)                                               
-------------------------------------------------------------------------
                                                 Uncut      Cut          
                         From      To  Length  Grade(2) Grade(3)   Total 
Zone  Section   Hole #     (m)     (m)     (m)    (g/t)    (g/t) Assay(4)
-------------------------------------------------------------------------
CFU      3150  BBD0729  28.50   36.00    7.50    13.37     4.14  Pending 
-------------------------------------------------------------------------
KT       6175  BBD0725  61.00   68.00    7.00     3.15     2.91          
-------------------------------------------------------------------------
Maga     4425  BBD0639 108.00  149.00   41.00     1.00     1.00  Pending 
-------------------------------------------------------------------------
Maga     4400  BBD0820 137.00  189.00   52.00     1.16     1.09  Pending 
-------------------------------------------------------------------------
Maga     4350  BBD0738  77.00   95.00   18.00     1.12     1.12  Pending 
-------------------------------------------------------------------------
Maga     4325  BBD0688  93.00  112.00   19.00     1.18     1.18  Pending 
-------------------------------------------------------------------------
Maga     4075  BBD0737 172.00  199.00   27.00     1.08     0.99  Pending 
-------------------------------------------------------------------------
Maga     4025  BBD0735  24.00   42.00   18.00     1.74     1.74          
-------------------------------------------------------------------------
Maga     3975  BBD0817   0.00   22.50   22.50     2.62     2.09  Pending 
-------------------------------------------------------------------------
Maga     3975  BBD0817 126.00  156.00   30.00     1.25     1.25  Pending 
-------------------------------------------------------------------------
Maga     3900  BBD0685 156.00  178.00   22.00     2.33     1.52  Pending 
-------------------------------------------------------------------------
Maga     3875  BBD0733  29.00   71.00   42.00     1.42     1.42  Pending 
-------------------------------------------------------------------------
Maga     3825  BBD0684  52.00   81.00   29.00     1.43     1.43  Pending 
-------------------------------------------------------------------------
Maga     3625  BBD0803 105.00  113.00    8.00     5.88     2.87          
-------------------------------------------------------------------------
P8P9     1950  BBD0544 187.00  214.00   27.00     1.02     1.02          
-------------------------------------------------------------------------
P8P9     1900  BBD0612  78.00   99.00   21.00     1.88     1.69          
-------------------------------------------------------------------------
P8P9     1900  BBD0615 127.00  136.00    9.00     2.34     2.34          
-------------------------------------------------------------------------
P8P9     1650  BBD0810   0.00   10.00   10.00     2.91     2.63          
-------------------------------------------------------------------------
P8P9     1650  BBD0810  96.00  113.00   17.00     1.34     1.34          
-------------------------------------------------------------------------
P8P9     1600  BBD0605  74.00  104.00   30.00     0.85     0.85          
-------------------------------------------------------------------------
P8P9     1600  BBD0606  84.00  114.00   30.00     1.07     1.03          
-------------------------------------------------------------------------
P8P9     1450  BBD0491 116.00  138.00   22.00     8.15     0.92          
-------------------------------------------------------------------------
P8P9      950  BBD0387  73.00   98.00   25.00     0.81     0.81          
-------------------------------------------------------------------------
P8P9      850  BBD0759  59.00   68.00    9.00     3.76     2.27          
-------------------------------------------------------------------------
P8P9      750  BBD0806 158.00  180.00   22.00     1.21     0.94          
-------------------------------------------------------------------------
P16     44325  BBD0813 198.00  216.00   18.00     1.22     1.22  Pending 
-------------------------------------------------------------------------
P16     44275  BBD0766  80.00  101.00   21.00     1.20     1.17          
-------------------------------------------------------------------------
P16     44275  BBD0766 104.00  129.00   25.00     1.44     1.42          
-------------------------------------------------------------------------
P16     44275  BBD0768 106.00  115.00    9.00     5.18     2.31  Pending 
-------------------------------------------------------------------------
P16     44275  BBD0768 136.00  154.00   18.00    10.55     1.57  Pending 
-------------------------------------------------------------------------
P16     44225  BBD0447  75.00   90.00   15.00     5.91     3.42          
-------------------------------------------------------------------------
P16     44225  BBD0447 123.00  137.00   14.00     1.74     1.74          
-------------------------------------------------------------------------
                                                                         
                                                                         
Table 4. Highlights of Reverse Circulation Results for this Release      
(Includes holes previously reported for which the final total assay      
results are now available)                                               
-------------------------------------------------------------------------
                                                 Uncut      Cut          
                         From      To  Length  Grade(5) Grade(6)   Total 
Zone  Section     Hole     (m)     (m)     (m)    (g/t)    (g/t) Assay(7)
-------------------------------------------------------------------------
CFU      2850  BBC3111   3.00   17.00   14.00     1.37     1.37  Pending 
-------------------------------------------------------------------------
CFU      2550  BBC3078  44.00   52.00    8.00     2.02     2.02          
-------------------------------------------------------------------------
CFU      2500  BBC2822  25.00   40.00   15.00     1.05     1.05  Pending 
-------------------------------------------------------------------------
Maga     4500  BBC2810  43.00   67.00   24.00     2.40     2.16  Pending 
-------------------------------------------------------------------------
Maga     4350  BBC2811   4.00   35.00   31.00     1.28     1.28  Pending 
-------------------------------------------------------------------------
Maga     4325  BBC2812  45.00   62.00   17.00     1.50     1.50  Pending 
-------------------------------------------------------------------------
Maga     4300  BBC2813  11.00   38.00   27.00     0.76     0.76  Pending 
-------------------------------------------------------------------------
Maga     3825  BBC3041   0.00   25.00   25.00     1.24     1.24          
-------------------------------------------------------------------------
Maga     3825  BBC3042  34.00   50.00   16.00     1.64     1.64          
-------------------------------------------------------------------------
Maga     3800  BBC3000  19.00   43.00   24.00     0.97     0.97          
-------------------------------------------------------------------------
Maga     3675  BBC3019   0.00   11.00   11.00     2.86     1.70          
-------------------------------------------------------------------------
Maga     3650  BBC2988  23.00   31.00    8.00     2.57     2.25  Pending 
-------------------------------------------------------------------------
Maga     3650  BBC2998  35.00   55.00   20.00     2.60     2.26          
-------------------------------------------------------------------------
Maga     3600  BBC3004  19.00   31.00   12.00     3.67     2.54          
-------------------------------------------------------------------------
Maga     3600  BBC3007  17.00   22.00    5.00     5.35     4.15          
-------------------------------------------------------------------------
Maga     3575  BBC2990  27.00   39.00   12.00     1.43     1.43          
-------------------------------------------------------------------------
Maga     3550  BBC2898  12.00   25.00   13.00     2.69     2.11          
-------------------------------------------------------------------------
Maga     3550  BBC2899  33.00   44.00   11.00     2.19     2.16          
-------------------------------------------------------------------------
Maga     3550  BBC3001   8.00   16.00    8.00    10.36     2.94          
-------------------------------------------------------------------------
Maga     3550  BBC3001  19.00   35.00   16.00     1.71     1.70          
-------------------------------------------------------------------------
Maga     3550  BBC3011   3.00   12.00    9.00     2.07     2.04          
-------------------------------------------------------------------------
Maga     3550  BBC3011  49.00   54.00    5.00     3.33     3.26          
-------------------------------------------------------------------------
Maga     3100  BBC2948   0.00   19.00   19.00     0.80     0.80          
-------------------------------------------------------------------------
                                                                          
                                                                          
Table 5. Diamond Drill Hole Results from the new P17S prospect            
                                                                          
--------------------------------------------------------------------------
                                                 Uncut      Cut           
                         From      To  Length  Grade(8) Grade(9)    Total 
Zone  Section   Hole #     (m)     (m)     (m)    (g/t)    (g/t) Assay(10)
--------------------------------------------------------------------------
P17 S   42725  TDD0001  47.00   52.00    5.00     3.57     3.23   Pending 
--------------------------------------------------------------------------
                                                                          
P17 S   42725  TDD0002  54.00   57.00    3.00     2.08     2.08   Pending 
                      ----------------------------------------------------
                        70.00   74.00    4.00     5.25     4.52   Pending 
--------------------------------------------------------------------------
P17 S   42625  TDD0003  21.00   34.00   13.00     2.16     1.77   Pending 
--------------------------------------------------------------------------
                                                                            
                                                                            
Table 6. Highlights of Phase 1 Reverse Circulation Results on Auger         
anomalies                                                                   
(Includes holes previously reported)                                        
----------------------------------------------------------------------------
                                                  Uncut       Cut           
                         From      To  Length  Grade(11) Grade(12)    Total 
Zone  Section   Hole #     (m)     (m)     (m)     (g/t)     (g/t) Assay(13)
----------------------------------------------------------------------------
KT       6500  BBC3207  44.00   50.00    6.00      1.08      1.08         Y 
----------------------------------------------------------------------------
KT       6300  BBC3210   8.00   11.00    3.00      2.45      2.45         Y 
----------------------------------------------------------------------------
KT       6300  BBC3210  27.00   30.00    3.00      1.34      1.34         Y 
----------------------------------------------------------------------------
KT       6100  BBC3214   0.00    9.00    9.00      1.26      1.26         Y 
----------------------------------------------------------------------------
Maga     4900  BBC2796  45.00   52.00    7.00      1.26      1.26         Y 
----------------------------------------------------------------------------
Maga     4700  BBC2789  29.00   33.00    4.00      1.56      1.56         Y 
----------------------------------------------------------------------------
Maga     4700  BBC2790  32.00   36.00    4.00      1.11      1.11         Y 
----------------------------------------------------------------------------
Maga     4700  BBC2794   3.00   11.00    8.00      0.83      0.83         Y 
----------------------------------------------------------------------------
Maga     4050  BBC2760  47.00   53.00    6.00      0.87      0.87         Y 
----------------------------------------------------------------------------
Maga     4050  BBC2761   2.00    7.00    5.00      1.17      1.17         Y 
----------------------------------------------------------------------------
Maga     3950  BBC2762  48.00   52.00    4.00      2.62      2.26         Y 
----------------------------------------------------------------------------
Maga     3800  BBC2753  20.00   28.00    8.00      2.15      2.06        OK 
----------------------------------------------------------------------------
P8P9     1800  BBC2670  14.00   18.00    4.00      1.11      1.11        OK 
----------------------------------------------------------------------------
P8P9     1800  BBC2670  31.00   34.00    3.00      1.00      1.00        OK 
----------------------------------------------------------------------------
P8P9     1400  BBC2596  30.00   33.00    3.00      1.02      1.02        OK 
----------------------------------------------------------------------------
P17 N   45750  BBC2423  38.00   47.00    9.00      1.04      1.04        OK 
----------------------------------------------------------------------------
P17 N   45750  BBC2424  18.00   21.00    3.00      1.44      1.44        OK 
----------------------------------------------------------------------------
P17 N   45750  BBC2424  28.00   38.00   10.00      0.79      0.79        OK 
----------------------------------------------------------------------------
P11     49450  BBC2398   1.00    6.00    5.00      1.11      1.11        OK 
----------------------------------------------------------------------------
P11     48300  BBC2426   4.00   15.00   11.00      0.96      0.96        OK 
----------------------------------------------------------------------------
P11     48300  BBC2426  40.00   47.00    7.00      2.05      1.52        OK 
----------------------------------------------------------------------------
P11     48200  BBC2402   9.00   15.00    6.00      1.20      1.20        OK 
----------------------------------------------------------------------------
P11     48200  BBC2425  13.00   16.00    3.00      1.44      1.44        OK 
----------------------------------------------------------------------------
Siga                                                                        
E       13100  BBC2400  47.00   50.00    3.00      3.93      2.24        OK 
----------------------------------------------------------------------------
P16     44150  BBC2405   9.00   22.00   13.00      1.48      1.48        OK 
----------------------------------------------------------------------------
P16     44150  BBC2406   3.00   11.00    8.00      2.94      2.76        OK 
----------------------------------------------------------------------------
P16     44150  BBC2406  18.00   34.00   16.00      1.37      1.37        OK 
----------------------------------------------------------------------------
P16     44150  BBC2406  47.00   50.00    3.00      1.18      1.18        OK 
----------------------------------------------------------------------------



The mineralized intervals are based on a lower cut-off grade of 0.5 g/t, a
minimal width of 3 m and up to a maximum of two consecutive meters of dilution
being included. The true width of the mineralization is approximately 85% of the
drill length intervals in Maga, P16, P17 and P8P9 areas, and 95% of the drill
length intervals in the Siga area. The half-core samples were collected by
Orezone employees using a diamond saw. The core samples from the weathered
(oxide) zone were prepared by Abilab Burkina s.a.r.l. (a subsidiary of
ALS-Chemex), BIGS Global Burkina s.a.r.l and SGS Burkina Faso s.a.r.l., and then
split by Orezone to 1 kg using Rotary Sample Dividers (RSDs). A 1 kg aliquot was
analyzed for leachable gold at BIGS Global Burkina s.a.r.l in Ouagadougou, by
bottle-roll cyanidation using a LeachWell(TM) catalyst. The samples from the
fresh or sulphide zone were prepared by BIGS Global Burkina s.a.r.l, SGS Burkina
Faso s.a.r.l., ACTLABS Burkina Faso s.a.r.l. and Abilab Burkina s.a.r.l. in
Ouagadougou and then split by Orezone to 1 kg using Rotary Sample Dividers
(RSDs). A 1 kg aliquot was analyzed for leachable gold at BIGS Global Burkina
s.a.r.l in Ouagadougou, by bottle-roll cyanidation using a LeachWell(TM)
catalyst.


The RC drilling samples were divided by Orezone employees using Rotary Sample
Dividers (RSDs). A 2 kg split was prepared by Abilab Burkina s.a.r.l. (a
subsidiary of ALS-Chemex), BIGS Global Burkina s.a.r.l and SGS Burkina Faso
s.a.r.l., and then split by Orezone to 1 kg using RSDs. A 1 kg aliquot was
analyzed for leachable gold at BIGS Global Burkina s.a.r.l in Ouagadougou, by
bottle-roll cyanidation using a LeachWell(TM) catalyst. The leach residues from
all samples with a leach grade in excess of 0.2 g/t were prepared by BIGS Global
Burkina s.a.r.l. and then split by Orezone to 50 g using Rotary Sample Dividers
(RSDs). A 50 g aliquot was analyzed by fire assay at Abilab Burkina s.a.r.l. (a
subsidiary of ALS-Chemex) or a 30 g aliquot at SGS Burkina Faso s.a.r.l.


Orezone employs a rigorous Quality Control Program (QCP) including a minimum of
10% standards, blanks and duplicates. This program was executed under the
supervision of Pascal Marquis, SVP Exploration for Orezone, who is a Qualified
Person under National Instrument 43-101 and approved the technical information
in this release. A complete table of results and the NI 43-101 Bombore Resource
Report that describes the Bombore resource model can be found at
www.orezone.com.


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 DFS 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.


To view to map associated with this release, please go to :
http://media3.marketwire.com/docs/Map_Orezone_0531.pdf.


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, ; capital and operating cost estimates; gold production for the project;
completion of a Definitive Feasibility Study in 2012; completion of a
metallurgical test program in June 2012; completion of a resource update in July
2012; commencement of production at the Bombore Project;. 


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.


(2) Weighted average grade of uncut individual assays

(3) Weighted average grade of individual assays cut to 5 g/t

(4) Composite width and grade are preliminary where leach residue fire assay
results are pending


(5) Weighted average grade of uncut individual assays

(6) Weighted average grade of individual assays cut to 5 g/t

(7) Composite width and grade are preliminary where leach residue fire assay
results are pending


(8) Weighted average grade of uncut individual assays

(9) Weighted average grade of individual assays cut to 5 g/t

(10) Composite width and grade are preliminary where leach residue fire assay
results are pending


(11) Weighted average grade of uncut individual assays

(12) Weighted average grade of individual assays cut to 5 g/t

(13) Composite width and grade are preliminary where leach residue fire assay
results are pending


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