Orezone Strengthens Balance Sheet With Additional Cash

Orezone Strengthens Balance Sheet With Additional Cash 
OTTAWA, ONTARIO -- (Marketwired) -- 03/20/14 --   Orezone Gold
Corporation (TSX: ORE) is pleased to announce that it has sold its 11
million share holding in Amara Mining PLC for net proceeds of
approximately $3.4 million USD. The shares were part of the
consideration received by the Company for the sale of its Sega Gold
Project to Amara in May 2012.  
"The additional cash provides us with a financial cushion and time to
consider full project financing options after we have completed the
ongoing feasibility study and mining permit application for our
Bombore Gold Project in Burkina Faso, West Africa", stated Ron Little
CEO for Orezone.  
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.
A recent Preliminary Economic Assessment of a heap leach ("HL")
operation producing 123,000 oz/yr indicates an after tax IRR of 23.9%
to Orezone using a $1250 gold price and current costs based on
operations in the region. The Company is continuing with various
technical studies in order to be in a position to complete a full
Feasibility Study and an application for a mining permit before year
end. The project benefits from size, location, low reagent
consumption, rapid leaching kinetics, low capital requirements and
low all-in operating costs. 
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;
completing technical studies, FS and applying for a mining permit by
year end.  
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. 
Contacts:
Orezone Gold Corporation
Ron Little
CEO
(613) 241 3699 or Toll Free: (888) 673 0663
rlittle@orezone.com 
Orezone Gold Corporation
Sean Homuth
CFO
(613) 241 3699 or Toll Free: (888) 673 0663
shomuth@orezone.com
 
 
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