Orezone Gold Corporation (TSX:ORE) is pleased to announce further positive oxide and sulphide drill results from an ongoing 215,000 m infill and expansion drill program at its 100% owned Bombore Gold Project in Burkina Faso, West Africa. Results include 91 reverse circulation (RC) holes (6,573 m) and 80 diamond drill (DD) core holes (13,019 m) from the northern and southern portions of the 11 km long Bombore resource. The majority of the core results are from the northern P8P9 area where hole BBD0522 intersected 45m of sulphide mineralization with a cut grade of 1.58 g/t centered at a depth of 170 m below surface. Positive results also continued at the southern limit of the deposit at P16, where core hole BBD0448 returned 16.5m at 9.26 g/t (uncut) near surface and 10 additional core holes (1,700 m) have been added to the program to continue the definition on this deposit. With six drill rigs in operation, the resource definition drilling is expected to be completed this quarter and a full NI 43-101 compliant resource update to be released at the end of the second quarter. Further expansion and exploration drilling will continue through the balance of 2012.

"These drill results continue to confirm the potential for higher grades and extension of the mineralization at depth within the extensive +11km length of the deposit" said Ron Little, CEO for Orezone. "The results underscore the potential to significantly expand and upgrade the resource and improve the preliminary economics of the project announced in June 2011."

Resource Definition Drilling

Orezone has completed in excess of 107,000 m of new RC drilling on Bombore and has received the assay results for over 83,000 m, including 100% of the results from the southern portion of the project for which resource modeling is in progress. In addition, over 89,000 m of core drilling was completed with over 69,000 m of assay results received, including 100% of the results from the southern portion of the project. The overall assay backlog is currently standing at 37,000 samples, or about two months. Orezone has drilled more than 42,000 m since the drilling resumed on January 9, including more than 16,000 m with its own RC drill rig.

Bombore Feasibility Study

Detailed metallurgical work continues on 76 representative samples where preliminary results indicate the potential of building a simple CIP or CIL circuit in two phases. Phase 1, an oxide plant, is envisioned to produce more than 150,000 oz/year with +90% recoveries, lower capital costs, lower mining and process costs and lower strip ratios than the CIL scenario outlined in the June 2011 Preliminary Economic Study. A Phase 2 plant expansion, funded from project cash flows, could increase production and mine life by processing the sulphide ores. Further metallurgical results are expected during the first quarter. A Bankable Feasibility Study is expected by the end of the year.

Regional Exploration

Reconnaissance mapping and prospecting is ongoing with auger drilling to follow in the second quarter on the new Toeyoko permit.

Financials

Orezone is well financed to complete its planned exploration and development work in 2012 including the resource update and bankable feasibility study for Bombore. The sale of the Sega project to Cluff Gold, once closed, will add approximately another US$30 million and further strengthen the Company's ability to develop Bombore. At December 31, 2011, Orezone had approximately US$28.7 million in its treasury with 83,724,531 issued and outstanding common shares (90,139,031 fully diluted).

Table 1. Cumulative Current Program Results Reported to Date

----------------------------------------------------------------------------
Current Program Results Reported to Date                       Average Grade
----------------------------------------------------------------------------
                                                           Uncut      Cut(1)
Zone               Holes      meters      % Complete       (g/t)       (g/t)
----------------------------------------------------------------------------
CFU - RC               0           0              0%                        
----------------------------------------------------------------------------
CFU - DD               4         653             18%        1.07        1.07
----------------------------------------------------------------------------
Maga - RC             50       3,455             16%        1.37        1.33
----------------------------------------------------------------------------
Maga - DD             50       7,702             38%        1.19        1.11
----------------------------------------------------------------------------
P8P9 - RC            568      29,830             93%        1.21        1.03
----------------------------------------------------------------------------
P8P9 - DD             85       3,315             50%        1.05        0.98
----------------------------------------------------------------------------
North - RC           618      40,158             56%        1.23        1.07
----------------------------------------------------------------------------
North - DD           139      22,143             43%        1.10        1.03
----------------------------------------------------------------------------
P11 - RC             239      12,517            100%        1.02        0.97
----------------------------------------------------------------------------
P11- DD               75      10,878            100%        1.06        0.96
----------------------------------------------------------------------------
Siga E - RC          182       9,893            100%        1.05        0.96
----------------------------------------------------------------------------
Siga E - DD           78      11,354            100%        1.26        1.05
----------------------------------------------------------------------------
Siga W - RC          146       7,401            100%        0.92        0.88
----------------------------------------------------------------------------
Siga W - DD           74      10,450            100%        0.90        0.88
----------------------------------------------------------------------------
Siga S - RC          208      10,517            100%        2.21        0.98
----------------------------------------------------------------------------
Siga S - DD           60       9,619            100%        1.09        1.01
----------------------------------------------------------------------------
South - RC           775      40,328            100%        1.46        0.95
----------------------------------------------------------------------------
South- DD            287      42,301            100%        1.07        0.97
----------------------------------------------------------------------------
P17 - RC              29       1,428            100%        2.08        1.74
----------------------------------------------------------------------------
P17 - DD              23       2,879            100%        1.49        1.37
----------------------------------------------------------------------------
P16 - RC              29       1,544            100%        1.36        1.30
----------------------------------------------------------------------------
P16 - DD              16       1,983             58%        3.22        2.02
----------------------------------------------------------------------------
SE - RC               58       2,972            100%        1.63        1.46
----------------------------------------------------------------------------
SE - DD               39       4,862             77%        2.35        1.70
----------------------------------------------------------------------------
----------------------------------------------------------------------------
All - RC           1,451      83,458             72%        1.35        1.04
----------------------------------------------------------------------------
----------------------------------------------------------------------------
All - DD             465      69,306             69%        1.15        1.03
----------------------------------------------------------------------------
----------------------------------------------------------------------------
(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
----------------------------------------------------------------------------
CFU                              0             0             0             0
----------------------------------------------------------------------------
Maga                             0             0             0             0
----------------------------------------------------------------------------
P8P9                            62        10,352            91         6,573
----------------------------------------------------------------------------
P17                              5           616             0             0
----------------------------------------------------------------------------
P16                              4           525             0             0
----------------------------------------------------------------------------
Siga S                           0             0             0             0
----------------------------------------------------------------------------
Siga W                           0             0             0             0
----------------------------------------------------------------------------
Siga E                           4           800             0             0
----------------------------------------------------------------------------
P11                              5           726             0             0
----------------------------------------------------------------------------
TOTAL                           80        13,019            91         6,573
----------------------------------------------------------------------------

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)
----------------------------------------------------------------------------
P11     50050  BBD0383   41.00   46.00    5.00      5.87      2.77          
----------------------------------------------------------------------------
P11     50050  BBD0383   86.00  102.00   16.00      1.95      1.81          
----------------------------------------------------------------------------
P11     49500  BBD0517   41.00   47.50    6.50      4.62      3.02          
----------------------------------------------------------------------------
P11     48500  BBD0512   45.00   61.00   16.00      0.73      0.73          
----------------------------------------------------------------------------
P16     44225  BBD0447   44.00   52.00    8.00      1.62      1.29          
----------------------------------------------------------------------------
P16     44225  BBD0447   75.00   90.00   15.00      5.55      3.40          
----------------------------------------------------------------------------
P16     44225  BBD0447   93.00  100.00    7.00      2.99      2.67          
----------------------------------------------------------------------------
P16     44225  BBD0447  123.00  137.00   14.00      1.74      1.74          
----------------------------------------------------------------------------
P16     44200  BBD0448   22.50   39.00   16.50      9.26      3.75   Pending
----------------------------------------------------------------------------
P16     44200  BBD0448   53.00   58.00    5.00     15.50      4.06   Pending
----------------------------------------------------------------------------
P16     44200  BBD0448   80.00   85.00    5.00      4.68      2.15   Pending
----------------------------------------------------------------------------
P16     44200  BBD0448  106.00  118.00   12.00      2.53      1.96   Pending
----------------------------------------------------------------------------
P16     44100  BBD0443   35.00   53.00   18.00      5.85      3.19          
----------------------------------------------------------------------------
P17     44275  BBD0435   45.00   56.00   11.00      1.23      1.15          
----------------------------------------------------------------------------
P17     44275  BBD0435   61.00   72.00   11.00      1.88      1.82          
----------------------------------------------------------------------------
P17     44250  BBD0434   55.00   69.00   14.00      2.74      2.60          
----------------------------------------------------------------------------
P17     44225  BBD0433   89.00   97.00    8.00      2.61      2.37          
----------------------------------------------------------------------------
P8P9     1850  BBD0500   54.00   65.00   11.00      1.04      1.00   Pending
----------------------------------------------------------------------------
P8P9     1800  BBD0537  113.00  123.00   10.00      1.15      1.15   Pending
----------------------------------------------------------------------------
P8P9     1800  BBD0538   35.50   48.50   13.00      1.17      1.17   Pending
----------------------------------------------------------------------------
P8P9     1800  BBD0538  144.00  159.00   15.00      0.84      0.84   Pending
----------------------------------------------------------------------------
P8P9     1800  BBD0539    0.00    6.00    6.00      2.55      2.55   Pending
----------------------------------------------------------------------------
P8P9     1750  BBD0656   72.00   94.00   22.00      1.15      1.15   Pending
----------------------------------------------------------------------------
P8P9     1750  BBD0656   97.00  103.00    6.00      1.79      1.79   Pending
----------------------------------------------------------------------------
P8P9     1750  BBD0657   37.00   56.00   19.00      2.24      1.91   Pending
----------------------------------------------------------------------------
P8P9     1700  BBD0584  101.00  115.00   14.00      1.56      1.56   Pending
----------------------------------------------------------------------------
P8P9     1700  BBD0584  134.00  143.00    9.00      1.67      1.18   Pending
----------------------------------------------------------------------------
P8P9     1700  BBD0584  161.00  175.00   14.00      0.97      0.80   Pending
----------------------------------------------------------------------------
P8P9     1700  BBD0585  147.00  160.00   13.00      0.80      0.80   Pending
----------------------------------------------------------------------------
P8P9     1650  BBD0530   26.00   34.00    8.00      1.39      1.39   Pending
----------------------------------------------------------------------------
P8P9     1400  BBD0400   64.50   77.50   13.00      1.17      1.17   Pending
----------------------------------------------------------------------------
P8P9     1350  BBD0522  207.00  229.00   22.00      1.07      1.07   Pending
----------------------------------------------------------------------------
P8P9     1350  BBD0522  232.00  252.00   20.00      2.70      2.33   Pending
----------------------------------------------------------------------------
P8P9     1350  BBD0524   44.00   60.00   16.00      1.12      1.07          
----------------------------------------------------------------------------
P8P9     1350  BBD0525  218.00  231.00   13.00      2.14      2.07   Pending
----------------------------------------------------------------------------
P8P9     1300  BBD0567   29.00   40.00   11.00      1.25      1.25          
----------------------------------------------------------------------------
P8P9     1300  BBD0568   76.00   89.00   13.00      0.87      0.87          
----------------------------------------------------------------------------
P8P9     1300  BBD0568  177.00  189.00   12.00      1.16      1.16          
----------------------------------------------------------------------------
P8P9     1300  BBD0569    7.50   25.00   17.50      1.48      1.48   Pending
----------------------------------------------------------------------------
P8P9     1300  BBD0570   77.00   86.00    9.00      7.21      1.15   Pending
----------------------------------------------------------------------------
P8P9     1300  BBD0571  143.00  151.00    8.00      1.88      1.88   Pending
----------------------------------------------------------------------------
P8P9     1250  BBD0482   13.50   30.00   16.50      1.18      1.18          
----------------------------------------------------------------------------
P8P9     1250  BBD0482   78.00   95.00   17.00      0.73      0.73          
----------------------------------------------------------------------------
P8P9     1250  BBD0483  167.00  173.00    6.00      2.25      2.25   Pending
----------------------------------------------------------------------------
P8P9     1250  BBD0483  176.00  202.00   26.00      2.18      1.48   Pending
----------------------------------------------------------------------------
P8P9     1250  BBD0483  221.00  248.00   27.00      0.89      0.89   Pending
----------------------------------------------------------------------------
P8P9     1150  BBD0393   12.50   30.50   18.00      1.02      1.02   Pending
----------------------------------------------------------------------------
P8P9     1100  BBD0479  112.00  118.00    6.00      1.72      1.72          
----------------------------------------------------------------------------
P8P9     1050  BBD0388  176.00  188.00   12.00      1.24      1.08          
----------------------------------------------------------------------------
P8P9     1050  BBD0478    3.50   22.50   19.00      0.93      0.93          
----------------------------------------------------------------------------
P8P9      950  BBD0387   73.00   98.00   25.00      0.81      0.81          
----------------------------------------------------------------------------
P8P9      950  BBD0387  101.00  117.00   16.00      0.85      0.85          
----------------------------------------------------------------------------
P8P9      900  BBD0509   52.50   61.00    8.50      1.21      1.21          
----------------------------------------------------------------------------
P8P9      900  BBD0509   93.00  111.00   18.00      0.98      0.98          
----------------------------------------------------------------------------
P8P9      800  BBD0556   74.00   84.00   10.00      1.01      1.01          
----------------------------------------------------------------------------
P8P9      700  BBD0475  115.00  119.00    4.00      3.20      2.61          
----------------------------------------------------------------------------
P8P9      500  BBD0386   53.00   59.00    6.00      2.25      2.25          
----------------------------------------------------------------------------
Siga E  12150  BBD0450  208.00  214.00    6.00      3.68      2.47          
----------------------------------------------------------------------------
Siga E  12050  BBD0602    0.00    7.00    7.00      2.35      2.35   Pending
----------------------------------------------------------------------------
Siga S  10950  BBD0224  169.00  181.00   12.00      1.45      1.40          
----------------------------------------------------------------------------
Siga S  10900  BBD0222  158.00  170.00   12.00      3.03      1.83          
----------------------------------------------------------------------------
Siga S  10750  BBD0189  251.00  264.50   13.50      0.92      0.92          
----------------------------------------------------------------------------
(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                                                         

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)
----------------------------------------------------------------------------
P11     48550  BBC1815   28.00   35.00    7.00      1.76      1.70          
----------------------------------------------------------------------------
P16     44075  BBC2407   35.00   48.00   13.00      1.27      1.27          
----------------------------------------------------------------------------
P8P9     2100  BBC2250   20.00   28.00    8.00      1.30      1.30          
----------------------------------------------------------------------------
P8P9     2000  BBC2656   35.00   45.00   10.00      1.46      1.35   Pending
----------------------------------------------------------------------------
P8P9     1950  BBC2653   16.00   24.00    8.00      1.43      1.43   Pending
----------------------------------------------------------------------------
P8P9     1950  BBC2654   26.00   34.00    8.00      1.61      1.61   Pending
----------------------------------------------------------------------------
P8P9     1800  BBC2662   45.00   55.00   10.00      1.54      1.29   Pending
----------------------------------------------------------------------------
P8P9     1800  BBC2668   62.00   68.00    6.00      1.83      1.83   Pending
----------------------------------------------------------------------------
P8P9     1750  BBC2667   48.00   56.00    8.00      1.66      1.57   Pending
----------------------------------------------------------------------------
P8P9     1750  BBC2713   22.00   34.00   12.00      4.30      2.72   Pending
----------------------------------------------------------------------------
P8P9     1750  BBC2729   46.00   59.00   13.00      1.09      1.09   Pending
----------------------------------------------------------------------------
P8P9     1700  BBC2709   46.00   55.00    9.00      1.35      1.17          
----------------------------------------------------------------------------
P8P9     1650  BBC2184   36.00   48.00   12.00      0.99      0.99          
----------------------------------------------------------------------------
P8P9     1600  BBC2171    5.00    9.00    4.00      4.02      3.22          
----------------------------------------------------------------------------
P8P9     1550  BBC2588   48.00   67.00   19.00      0.65      0.65          
----------------------------------------------------------------------------
P8P9     1500  BBC2584   51.00   59.00    8.00      5.65      2.70          
----------------------------------------------------------------------------
P8P9     1500  BBC2631   53.00   60.00    7.00      2.85      2.45          
----------------------------------------------------------------------------
P8P9     1500  BBC2727   44.00   54.00   10.00      2.05      1.68   Pending
----------------------------------------------------------------------------
P8P9     1450  BBC2606    1.00   12.00   11.00      1.61      1.24          
----------------------------------------------------------------------------
P8P9     1350  BBC2123   68.00   78.00   10.00      1.34      1.24          
----------------------------------------------------------------------------
P8P9     1300  BBC2118    6.00   14.00    8.00      1.84      1.63          
----------------------------------------------------------------------------
P8P9     1250  BBC2136   16.00   26.00   10.00      1.04      1.04          
----------------------------------------------------------------------------
P8P9     1200  BBC2130    7.00   31.00   24.00      1.98      1.91          
----------------------------------------------------------------------------
P8P9     1200  BBC2130   34.00   43.00    9.00      2.96      1.43          
----------------------------------------------------------------------------
P8P9     1175  BBC2569   33.00   45.00   12.00      1.10      1.10          
----------------------------------------------------------------------------
P8P9     1150  BBC2724   36.00   43.00    7.00      2.14      1.70   Pending
----------------------------------------------------------------------------
P8P9     1150  BBC2724   51.00   69.00   18.00      1.63      1.61   Pending
----------------------------------------------------------------------------
P8P9     1125  BBC2563   52.00   64.00   12.00      1.15      1.15          
----------------------------------------------------------------------------
P8P9     1100  BBC2627   37.00   45.00    8.00      2.25      1.99          
----------------------------------------------------------------------------
P8P9     1075  BBC2553   25.00   53.00   28.00      0.83      0.83          
----------------------------------------------------------------------------
P8P9     1075  BBC2554   10.00   25.00   15.00      0.80      0.80          
----------------------------------------------------------------------------
P8P9     1075  BBC2558   27.00   41.00   14.00      1.05      1.05          
----------------------------------------------------------------------------
P8P9     1050  BBC2559   10.00   25.00   15.00      1.10      1.10          
----------------------------------------------------------------------------
P8P9     1050  BBC2560    0.00   14.00   14.00      1.39      1.39          
----------------------------------------------------------------------------
P8P9     1000  BBC2718   40.00   52.00   12.00      0.91      0.91   Pending
----------------------------------------------------------------------------
P8P9      900  BBC2550   20.00   25.00    5.00      2.65      2.63          
----------------------------------------------------------------------------
P8P9      400  BBC2612    0.00    8.00    8.00      1.80      1.73          
----------------------------------------------------------------------------
P8P9      350  BBC2490    9.00   22.00   13.00      0.84      0.84          
----------------------------------------------------------------------------
Siga E  12700  BBC2317   24.00   29.00    5.00      2.21      2.08          
----------------------------------------------------------------------------
Siga S  10450  BBC1414   17.00   53.00   36.00      1.02      1.02          
----------------------------------------------------------------------------
(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                                                         

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 to 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. 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 and 1.9 Moz inferred resources with an average drill depth of only 60 meters. The Company is currently completing a 215,000 m drill program to significantly expand resources and support the completion of feasibility studies 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, the completion of a 215,000 m drill program; capital and operating cost estimates; gold production for the project; completion of a definitive feasibility study in Q4 2012; completion of a resource update in Q2 2012; commencement of production at the Bombore Project; completion of metallurgical testing and social impact studies; and closing of the Sega sale transaction.

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, 2010 and other continuous disclosure documents filed by Orezone since January 1, 2011 available at www.sedar.com, for this detailed information, which is subject to the qualifications and notes set forth therein.

Contacts: Orezone Ron Little CEO (613) 241 3699 or Toll Free: (888) 673 0663rlittle@orezone.com Orezone Pascal Marquis SVP Exploration (613) 241 3699 or Toll Free: (888) 673 0663pmarquis@orezone.com

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