Orizon intersects 23.00 m of 2.84 g/t gold at P17S extension at Bombole gold mine, The Canadian Business Journal

VANCOUVER, British Columbia, September 13, 2022 (GLOBE NEWSWIRE) — Orison Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orazon”) is pleased to provide the final drilling results of the Phase III program from P17S-NE in line with the P17 mineralization trend at its Bombole gold mine in Burkina Faso.

The focus of Phase III drilling at P17S was to better define the continuity of repeated folded high-grade granodiorite mineralization.

Drill results continue to be very good, confirming the following:

• The downplunging continuity of the P17S mineralized zone was extended by more than 100 m further beyond the last set of drill results, with the system still open.
• Drilling continues to intercept significant new mineralization outside the current resource boundary.
• Mineralized zones remain open to strike surfaces and depths greater than 300 m.

P17S drilling highlights:

• 23.00 m of 2.84 g/t Au from 257.00 m, including 11.00 m of 5.26 g/t Au from 269.00 m of hole BBD1125
• 12.00 m of 2.13 g/t Au from 245.00 m, including 1.00 m of 19.37 g/t Au from 245.00 m of hole BBD1124
• 3.60 m of 5.58 g/t Au from 157.00 m of bore BBD1134
• 3.80 m of 4.55 g/t Au from 312.20 m of bore BBD1141
• 8.00 m of 3.40 g/t Au from 86.00 m, including 1.00 m of 17.99 g/t Au from 88.00 m of hole BBD1133
• 11.00 m of 1.78 g/t Au from 186.00 m, including 2.00 m of 7.54 g/t Au from 192.00 m of hole BBD1143
• 3.00 m of 4.15 g/t Au from 130.00 m, including 1.00 m of 10.13 g/t Au from 131.00 m of hole BBD1133

Dr. Pascal Marquis, Senior Vice President, Exploration, said: Significantly expanding known zones along both strike and downslope, the current resource he intersected with several new zones outside the pit shell. Based on the results of this program, he plans to return to drill on P17S in late 2022. Drilling is now well underway at the Siga deposit, followed by drilling to the north at the Maga deposit. Results from these programs are expected to be announced during the remainder of 2022. “

Table 1: P17 trend highlight drill results

hole #	from (Moon)	To (Moon)	length (m)*	School year (g/t gold)
BBD1124	144.00	162.00	18.00	0.67
When	245.00	257.00	12.00	2.13
tax included	245.00	246.00	1.00	19.37
BBD1125	257.00	280.00	23.00	2.84
tax included	269.00	280.00	11.00	5.26
BBD1126	259.00	272.00	13.00	1.45
When	278.00	288.25	10.25	1.26
BBD1133	86.00	94.00	8.00	3.40
tax included	88.00	89.00	1.00	17.99
When	101.00	112.00	11.00	0.96
tax included	110.00	111.00	1.00	4.35
When	130.00	133.00	3.00	4.15
tax included	131.00	132.00	1.00	10.13
When	167.00	176.00	9.00	1.53
tax included	174.00	175.00	1.00	6.17
BBD1134	157.00	160.60	3.60	5.58
tax included	158.00	160.60	2.60	7.34
BBD1135	188.00	194.00	6.00	1.89
tax included	191.00	194.00	3.00	2.91
BBD1141	312.20	316.00	3.80	4.55
BBD1143	186.00	197.00	11.00	1.78
tax included	192.00	194.00	2.00	7.54

* The true width of the P17S drill is approximately 90% of the drill length.

Figure 1: Long section of P17 trend looking west

Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/49fd1151-2461-466c-a0c2-4648d764c39f.

Figure 2: Section 43350 looking north

Figure 2 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/084a1d14-b475-4ea7-8dac-019f3250686c.

Figure 3: North view of section 43400

Figure 3 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/809ac188-f40a-46c8-a383-af0314d82864.

About Oraison Gold Corporation

Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a Canadian gold mining company that operates the open pit Bombole mine in Burkina Faso.

NI 43-101 Technical Report (Amended) A technical report for the Bomboré Project’s 2019 Feasibility Study titled Bomboré Gold Project’s Feasibility Study is available on SEDAR under the following company profile: www.Sedar.com.

Orezone plans to process 5.2 million tonnes per year and is focused on Phase I mining and processing of near-surface, free-drilling oxides. We believe Bombole has significant underlying sulfide resources to support a substantial Phase II expansion. A 77,000 m infill and expansion drilling program is underway and, upon completion, the Company will issue an updated Mineral Resource and Reserves Statement and a feasibility study as part of this Phase II expansion. Research is expected to be completed in the first half of 2023, after which a production decision will be made.

Orezone is led by an experienced team focused on social responsibility and sustainability, with a proven track record in project construction and operations, financing, capital markets and M&A.

Patrick Downey
President and Chief Executive Officer

Vanessa Pickering
Manager, Investor Relations

Phone: 1 778 945 8977 / Toll Free: 1 888 673 0663
[email protected] / www.orezone.com

qualified person

Dr. Pascal Marquis, Geo., Senior VP Exploration, has qualified to approve the scientific and technical information in this news release.

QA/QC

The mineralization interval is based on including a lower cut-off grade of 0.45 g/t, a minimum width of 1.5 m and a maximum dilution of 3.0 m. The true width of mineralization is approximately 90% of the drill length at P17S. Half-core drilled samples were cut by Orezone employees using a diamond saw. Samples were prepared at the Ouagadougou facility of SGS Burkina Faso sarl (“SGS”) and he was divided into 1 kg by Orezone using a rotary sample divider (“RSD”). At his BIGS Global Burkina sarl (“BIGS Global”) in Ouagadougou, 1 kg aliquots were analyzed for leachable gold by bottle roll cyanization using LeachWell.^TMs catalyst. Leaching residues from all samples with a leaching grade of 0.4 g/t or higher were prepared by BIGS Global and then split into 50 g by Orezone using his RSD. A 50 g aliquot was analyzed by fire assay at BIGS Global.

Orezone employs a strict quality control program that includes a minimum of 10% standards, blanks and duplicates. Composite widths and grades include final leachable residue analysis results for most reported drill intercepts and are detailed in the tables posted on our website.

For more information, contact Orezone at +1 (778) 945-8977 or visit the company’s website at: www.orezone.com.

The Toronto Stock Exchange has neither endorsed nor disapproved of the information contained in this news release.

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws (collectively, “forward-looking statements”). ) contains certain information that makes up the Forward-looking statements often refer to “plans,” “anticipates,” “plans,” “intends,” “believe”, “Predict”, “Quote”, “Potential”, “Possible” When other resemble words, Also A statement that a particular event or condition “could,” “occur,” “could,” or “should occur.” Forward-looking statements in this press release include, but are not limited to, statements regarding the potential of P17S.

All such forward-looking statements are based on certain assumptions and analyzes made by management in light of its experience and perception of historical trends, current conditions and expected conditions. future development, that’s why good that’s why other cause management When of qualified Man believe is appropriate in situation.

All forward-looking statements are subject to various risks, uncertainties and other factors that could cause actual events or results to differ materially from those projected. of of Positive statement include, However No exclusive to the delays due to the COVID-19 pandemic, terrorist or other violent attacks; of Failure of party To Agreements to honor contractual obligations, unanticipated changes in laws, rules or regulations or their enforcement by applicable authorities. The failure of the parties to a contract to perform as agreed.socializing Also labor unrest; volatility in commodity prices; unexpected breakdowns or deficiencies in infrastructure, potential project cost overruns or unexpected costs and expenses, accidents and equipment failures, political risks, key management and general ongoing and unanticipated changes in economic, market or business conditions; failure of exploration programs, including drilling; certainty failures and other factors set forth in the Company’s most recent Annual Information Form and management’s discussion and analysis filed with SEDAR at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking statements.

The forward-looking statements contained in this press release are based on which management of of Company I believe that is Appropriate assumption, of Company Can not Guarantee Investors should ensure that their actual results match these forward-looking statements.These Forward-Looking Statements that is make that’s why of of date of this push release When that is Expressly qualified of their whole To this warning statement. subject To Applicable Securities law, of Company do No Estimate Any any obligation to update or revise any forward-looking statements contained herein to reflect events or circumstances occurring after the date hereof; release.

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