Orezone Grants Stock Options

OTTAWA, ONTARIO--(Marketwired - Feb. 8, 2016) - Orezone Gold Corporation (TSX VENTURE:ORE) announces that in accordance with its Stock Option Plan and its annual compensation review, the Company has granted employees, executives and directors stock options to purchase up to an aggregate of 1,980,000 common shares, exercisable on or before February 8, 2026 at a strike price of $0.30 per share. The Company's Stock Option Plan, must be approved by shareholders at the next annual and general meeting before these options can be exercised. The Company currently has 117,350,364 common shares issued and outstanding and 9,492,900 stock options, including those in this grant.

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 the Bomboré Project, the largest undeveloped oxide gold deposit in West Africa that is situated 85 km east of the capital city, adjacent to an international highway. The Company has completed a full feasibility study and is progressing through a mining permit application at Bomboré with approval expected by Q2 2016.

Additional information on Orezone Gold can be found at www.orezone.com and www.sedar.com.

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 the timing and receipt of the mining permit at Bomboré.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.