An Exceptional Exploration Season Continues With Results From Sega Project Intersections include 19.3 g/t over 13m and 12.1 g/t over 10m OTTAWA, June 1 /PRNewswire-FirstCall/ -- Orezone Resources Inc. (OZN:TSX, AMEX) is pleased to announce results from 16 RC holes which targeted the RZ discovery on the Company's Sega Project in Burkina Faso, West Africa. A total of 1,520m of drilling was completed to investigate gold mineralization to a depth of 60m on five sections. Hole RZC041 intersected 19.3 g/t over 13m, Hole RZC042 intersected 11.1 g/t over 9m, Hole RZC045 intersected 12.1 g/t over 10m and Hole RZC047 intersected 5.0 g/t over 20m. Potentially economic widths and grades were intersected on all five sections drilled. The 100 per cent owned Sega Project has an inferred resource of 3.3 Mt grading 2.82 g/t (300,000 contained ounces of gold) in the Gambo Zone. The current drilling program was designed to follow up two discovery holes in the RZ Zone, one kilometre north of Gambo, where hole BKC038 had intersected 18 g/t over 14m and Hole BKC036 had intersected 9.4 g/t over 15m. Additional drilling is also planned for Bakou, one kilometre northeast of Gambo, where past drilling has already outlined a zone of mineralization which included intersections of 2.1 g/t over 34m and 3.4 g/t over 28m. Resources on Sega have not yet been updated to include these discoveries by Orezone. Orezone's goal is to build Sega towards one million ounces of open-pittable material by combining the Gambo, Bakou and RZ zones. IAMGOLD holds a three per cent net smelter royalty which can be reduced to one per cent through a US$ 2 M cash payment once a production decision is made. Ron Little, President and CEO, stated that "We are extremely pleased to have a third advanced project yield these kind of results. When combined with our recent successes on the Essakan Project with the Falagountou discovery and the identification of an extension to the high grade core in the Main Zone, and continued infill drilling and extensions to the Bondi Project, we have exceeded our most optimistic expectations. Normally activity begins to decrease at this time of the year for the July to September wet season but we intend to continue right through." He added that "drilling at Sega will focus on continuing to extend the RZ discovery and on extending and infilling the Bakou Zone where an initial resource calculation will be completed as soon as possible. This will likely be in the fourth quarter. Our objective is to bring these discoveries into resources as rapidly and as efficiently as possible in order to get a proper valuation for all of the ounces that are being discovered". Complete Table of Drill Results From RZ Zone PROSPECT SECTION HOLE FROM TO LENGTH AUPPM RZ 7800 RZC040 22 34 12 2.77 RZ 7800 RZC045 54 64 10 12.11 RZ 7800 RZC050 83 87 4 15.59 RZ(x) 7825 BKC036 31 46 15 9.40 RZ 7825 RZC041 21 34 13 19.28 RZ 7825 RZC041 46 51 5 8.73 RZ 7825 RZC046 54 68 14 5.07 RZ 7825 RZC053 10 13 3 0.50 RZ 7825 RZC053 96 105 9 3.00 RZ 7850 RZC042 0 3 3 1.81 RZ 7850 RZC042 16 25 9 11.12 RZ 7850 RZC042 36 40 4 4.99 RZ 7850 RZC042 44 55 11 7.67 RZ 7850 RZC047 40 56 16 4.61 RZ 7850 RZC047 67 87 20 4.97 RZ 7850 RZC054 2 6 4 1.74 RZ 7850 RZC054 80 92 12 6.26 RZ 7850 RZC054 94 98 4 0.70 RZ(x) 7875 BKC038 19 33 14 18.00 RZ(x) 7875 BKC038 42 48 6 2.35 RZ 7875 RZC043 15 19 4 1.06 RZ 7875 RZC048 38 42 4 0.92 RZ 7875 RZC048 52 56 4 1.42 RZ 7875 RZC055 77 81 4 1.01 RZ 7875 RZC055 84 97 13 3.20 RZ 7875 RZC055 106 111 5 2.12 RZ 7900 RZC044 16 22 6 3.69 RZ 7900 RZC049 55 61 6 7.01 (x) Original discovery hole Note: Samples were collected every 1m down the hole and analyzed using a 2kg bottle roll cyanide leach at the Transworld Laboratory in Tarkwa, Ghana, an internationally recognized laboratory. A minimum of 5% of the samples is for QA/QC, which include duplicates, triplicates, standards and blanks. The program was carried out under the supervision of Jeffrey Ackert, VP Exploration, and qualified person for Orezone. Orezone Resources Inc. (OZN:TSX, AMEX) is an emerging Canadian gold producer with a number of advanced exploration projects in Burkina Faso, West Africa, a relatively unexplored part of one of the world's fastest growing gold producing regions. Orezone's mission is to create wealth by discovering and developing the earth's resources in an efficient and responsible manner. FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of historical fact relating to the company, certain information contained herein constitutes forward-looking statements. Forward-looking statements 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 are based on 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, 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. DATASOURCE: Orezone Resources Inc. CONTACT: Ron Little, President & CEO, ; Greg Bowes, Vice President, Corporate Development, , Phone (613) 241-3699, Toll Free (888) 673-0663

Copyright