ORE Orezone Gold Corporation

Orezone Gold Corporation (TSX:ORE) announces that it intends to shift the focus
of the Bombore Feasibility Study in order to review and reassess the lower
capital cost heap leach (HL) scenario outlined in the August 2011 Preliminary
Economic Assessment (PEA). The ongoing feasibility work for an oxide-only Carbon
in Leach (CIL) circuit with a capacity of 8 Mt/yr for ten years has included and
largely completed the geotechnical and metallurgical studies, tailings design,
mine planning and environmental assessment and could be compiled into a
finalized prefeasibility or full feasibility document at anytime if warranted.
The study work to date indicates that the initial capital required to build the
CIL scenario is similar to that outlined in the PEA. Although this could be a
very robust project for a producing company, the required financing is not
practical for Orezone given the current condition of the capital markets. The
heap leach scenario, as per the PEA, is expected to have a substantially lower
initial capex and benefit from the significantly larger oxide resource which is
now double that used in the PEA. 


"There are several undeveloped large-scale oxide-gold projects world-wide that
are comparable to Bombore in terms of size, grades and heap leaching kinetics,"
said Ron Little, CEO for Orezone. "By updating the economics of the heap leach
scenario using the reserves, study work and results of the current CIL scenario,
we hope to obtain a timely value re-rating in keeping with those other
projects." The company plans to update the PEA heap leach scenario as soon as
possible and continue towards a full feasibility subject to positive results. 


All drill programs have been completed for the season and the company is
focusing on core activities related to the feasibility study resulting in lower
expenditures. 


The Company would also like to draw attention to an announcement made on Friday
June 14th, 2013 that it will be deleted from the Junior Gold Miners ETF (GDXJ)
Friday June 21, 2013. The Company dropped below the required minimum market
capitalization of $75M. 


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 a Feasibility Study ("FS") at Bombore for a phase one
oxide-only scenario 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; similar initial
capital requirement (CIL) to the PEA, (HL) substantially lower initial capex,
timely value re-rating, 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
Pascal Marquis
SVP Exploration
(613) 241-3699 or Toll Free: (888) 673-0663
pmarquis@orezone.com
www.orezone.com

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