Orezone Gold Corporation · TSX:ORE
Orezone Gold — Conference Presentation (November 2022)
32 slides from Orezone Gold's conference presentation, November 2022
Slide 1: Bomboré: Burkina Faso's Newest Gold Mine
SS"OREZONE Bombore Burkina Faso’s Newest Gold Mine TSX: ORE OTCQX: ORZCF
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains certain information that may constitute “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward looking statements” within the meaning of applicable U.S. securities laws (together, the “forward-
Slide 3: Burkina Faso: An Established Gold Mining Jurisdiction
Burkina Faso: An Established Gold Mining Jurisdiction 01 Supportive mining jurisdiction ® 16 mines brought into production & Majority of mines built on/ahead of schedule and on/under budget *& Strong support from local communities and Government 02 “17Moz gold within 20km of Bomboré* ®& West African
Slide 4: Bomboré Gold Mine 5.2Mtpa Oxide Plant
Bomboré Gold Mine 5.2Mtpa Oxide Plant TSF Feed and Reclaim Water Piping Event Pond | —— i aS Power Plant Helicopter | > em = Pad . } APS 8 x 1.3MW Power a" \ A 4 | Bomboré — Burkina Faso's Newest Gold Mine SS OREZONE
Slide 5: Orezone: Commissioning and Ramp-Up
Orezone: Commissioning and Ramp-Up 01 Orezone is West Africa’s newest gold producer 03 delivering Bomboré on-schedule and 02 04 under-budget 05 06 07 0s 5 Bomboré — Burkina Faso's Newest Gold Mine Built Bomboré on-schedule and under budget — during a period of rapid inflation and COVID-related disru
Slide 6: Genser Power Plant
Genser Power Plant ~* Power Purchase Agreement (PPA) with Genser Energy Burkina S.A. (Genser) signed in 2021 to supply power at very attractive rates based on LNG/Solar * Power plant design consists of 4 x 3.5MW dual fuel units Delays in delivery with 2 x 3.5MW units available for commissioning * Or
Slide 7: Power Plant - Solutions
Power Plant - Solutions ~~ Orezone commenced a search for reliable alternate power supply in late September Secured 8 x 1.3MW Caterpillar plant in excellent condition and independently operated by Africa Power Services (APS) ~~ Power plant sourced, transported, installed and commissioned within 6 we
Slide 8: Power Plant - Solutions
Power Plant - Solutions 3x 3.5MW Genser Units Power Plant Maintenance Building 3 OREZONE 8 | Bomboré - Burkina Faso's Newest Gold Mine
Slide 9: Next Steps
Next Steps 5.2Mtpa oxide plant operating at full tonnage with more than sufficient power to push additional tonnage Over 1 million tonnes of high-grade ore on ROM pad and over 5 million tonnes of medium and low-grade ore in stockpiles * Significant advanced waste stripping completed in October/Novem
Slide 10: Grade Control Drilling
NS OREZONE Grade Control Drilling
Slide 11: Grade Control Drilling: A1 and A2 Starter Pits
Grade Control Drilling: A1 and A2 Starter Pits © Grade control drilling confirms the geological interpretation and grade estimation in ALL starter pits * Returned consistent thicker high-grade intervals * Will be the source of higher- grade oxide mill feed for the first year of production * Higher-g
Slide 12: rE TESEND ~<a ~~
rE TESEND ~<a ~~ rover 20s Scale 12510. se ) Eee RECAOO 27.00 47.00 20.00 4.49 ! 6.00 17.00 11.00 7.48 1.00 20.00 19.00 3.62 19.00 42.00 23.00 2.88 1.00 25.00 24.00 2.21 18,00 28.00 10.00 3.84 44.00 50.00 6.00 6.19 35.00 44.00 9.00 4.07 25.00 31.00 6.00 5.62 27.00 31.00 4.00 22.42 0.00 31.00 31.00 2
Slide 13: A1 and A2 Pits
A1 and A2 Pits | Bomboré — Burkina Faso’s Newest Gold Mine NS OREZONE
Slide 14: Exploration & Expansion Potential
NS OREZONE Exploration & Expansion Potential
Slide 15: Exploration Update
Exploration Update & Over 43,000 m of Diamond and RC drilled in 2022 with drilling ongoing & Results to date from P17S showing significant resource growth and further upside - resource modelling now well advanced for this area & Resource conversion program at Siga now complete with assay results ong
Slide 16: Significant Expansion Potential: P17 Trend
Significant Expansion Potential: P17 Trend fo it Phase Ill Drilling 2022 Highlight P17 Trend Drill Results Pq7 8.80 mof 4.34 gpt 8 mof 2.36 gpt 22 mof 141 apt 5 mof 2.29 gpt 57 mof 1.01 gpt 44 m of 1.57 gpt 5 mof 2.50 gpt | Highlight Drill Results PI7S-NE 32.00 m of 3.98 gpt ——] 6.00 m of 14.70 gpt
Slide 17: P17S-NE: Section 43125N
P17S-NE: Section 43125N 7 Section 43125N S$ onezone BBD1081 BBDI113 ny Legend 2019 Mineral Resource Pit Outline Overburden 2021/2022 Drill Trace 2021/2022 Intersection Bomboré — Burkina Faso’s Newest Gold Mine NS OREZONE
Slide 18: P17S-NE: Section 43250N
P17S-NE: Section 43250N 18 Section 43250N |< orezone aszonas O57 ghhn2A5m g BBDI103 BEDOSE4 BEDI104 BEDI105 BEDII06 100 m ny Legend 2019 Mineral Resource Pit Outline Overburden 2021/2022 Drill Trace 2021/2022 Intersection Pre-2021 Drill Trace Pre-2021 Intersection Bomboré — Burkina Faso’s Newest Gol
Slide 19: P17S-NE: Section 43350N
P17S-NE: Section 43350N Section 43350N |< orezone 3.40 g/t Au - : : . 8.00m t 448 g/t Au aso gto om i BEDOS94 seve tora Biche aang 20 gn cerry, 300% <—_ 2849/t Au Legend BBD1132 tg a 23.00m BEDOSES bad 2019 Mineral Resource Pit Outtine BED1133 BeD125 ee i. sg 2021/2022 Drill Trace 2021/2022 Intersec
Slide 20: P17S-NE: Section 43400N
P17S-NE: Section 43400N Section 43400N |< onezone All intercepts on Section 43400N are outside of the 2019 Mineral Resource Pit Outline es songs we pes 5.58 g/t Au 200m 360m {~~ sepnsa (a —_ BBDOSS5 oe Legend BBD1142 en (RM overburden peta! \ 4.55 g/t Au 20202022 Dit Troce fn, 3.80m BBE 20212022 int
Slide 21: Resource & Reserve Conversion
Resource & Reserve Conversion Main sulphide zones contain significant inferred resources beneath the shallow M&l resource and reserve pits Current reserves are based on US$1,250/oz gold ¢ Current resources are based on US$1,400/o0z gold * Inferred resources do not qualify for reserve conversion ® Dr
Slide 22: Siga South Inferred Resources
Siga South Inferred Resources 4—f ff ‘Au_inferred Au_Total OX_NITON2 1 ose 0.35 0.29 AMC FS Pit Design . Conceptual USD $1,400 Pit Shell 3 00cee+ 3 O0PeCLF 3 00L8eL+ 2 +100 Junge rolang Nah 3) E ise 25 50
Slide 23: Maga Hill Inferred Resources
Maga Hill Inferred Resources Au_Inferred Au_Total Ox_Niton2 ae 1s 2 ox oe. op os a7 vu unknown AMC FS Pit Design Conceptual USD $1,400 Pit Shell ry
Slide 24: Previous Drill Results Outside Reserve Pits
Previous Drill Results Outside Reserve Pits ., To Length BSNS 88¢2329 41.00 46.00 5.00 2.19 MAGA HILL Ela 500246 43.50 63.00 19.50 6.06 [EE 55003803 HE -8800450 208.00 215.00 7.00 323 [ER 8800203 3804555 56.00 63.00 7.00 2” [ERR cepors3 3800241 69.00 73.50 4.50 336 [EE 5500878 384788 63.00 70.00 7.0
Slide 25: Processing Plant Expandability
Processing Plant Expandability bee id ia) J > STAGE 1: ; i, | 7 Oxide Plant Oxide plant capacity of 5.2Mtpa - ROOM TO EXPAND 7 SULPHIDE * Oxide feed reduced to 3.0Mtpa upon CIRCUIT commissioning of the sulphide circuit ® Sulphide circuit capacity of 2.2Mtpa * Expandable capacity to >4.0Mtpa with the
Slide 26: CSR
NS OREZONE CSR
Slide 27: Livelihood Restoration Programs
Livelihood Restoration Programs & Market gardens developed - agronomist assists in marketing and pricing - additional gardens being developed - Specialty cash crops developed - spices, shea butter & New farming methods introduced and proven successful & Commercial scale chicken farming introduced, g
Slide 28: Phase I RAP — Building Better Communities
Phase I RAP — Building Better Communities | Bomboré — Burkina Faso’s Newest Gold Mine NS OREZONE
Slide 29: Value-Catalysts
NS OREZONE Value-Catalysts
Slide 30: Capital Structure & Research Coverage
Capital Structure & Research Coverage Shares Issued 323,533,806 Shares Fully Diluted (assumes Convertible conversion) 392,077,129 Warrants (ORE.WT:TSX; C$0.80; exp. Jan. 29, 2023) 10,488,150 Options (C$0.30 - C$1.60) 22,401,556 Restricted Share Units 2,220,792 Deferred Share Units 1,025,418 Converti
Slide 31: Summary
Summary Plant operating extremely well and at or better than design Reliable power supply in place to drive increased production Stockpiles and mine delivery allows ramp-up of plant feed beyond design Long-term power solution well-advanced should Genser issues continue to go unresolved Exploration d
Slide 32: For more information on Orezone, please contact
NS OREZONE For more information on Orezone, please contact: Vanessa Pickering vpickering@orezone.com 604-202-2940 www.orezone.com
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