Orezone Strengthens Balance Sheet With Additional Cash

FOR: Orezone Gold Corporation 
MARCH 20, 2014 
Orezone Strengthens Balance Sheet With Additional Cash 
OTTAWA, ONTARIO--(Marketwired - March 20, 2014) - 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.   
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
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. 
Orezone Gold Corporation
Ron Little
(613) 241 3699 or Toll Free: (888) 673 0663
Orezone Gold Corporation
Sean Homuth
(613) 241 3699 or Toll Free: (888) 673 0663
INDUSTRY:  Manufacturing and Production - Mining and Metals 
-0- Mar/20/2014 13:30 GMT
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