Slide 1: An Emerging Mid-Tier Producer: Q4/YE2025 Results & 2026 Guidance
TSX & ASX ORE OTCQX ORZCF For personal use only AN EMERGING MID-TIER PRODUCER Q4/YE2025 Results & 2026 Guidance Webcast & Conference Call March 25, 2026
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER Investor Presentation This investor presentation is dated March 25, 2026, and has been prepared by Orezone Gold Corporation (“Orezone” or the “Company”) based on information available to it at the time of preparing this presentation. This presentation has been prepar
Slide 3: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER Not an Offer This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any security, and neither this presentation nor anything in it shall form the basis of any contract or commitmen
Slide 4: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER Mineral Resources and Mineral Reserves – NI 43-101 (Canada / TSX) The estimation of mineral resources is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated econo
Slide 5: Bomboré: Q4 & FY2025 Highlights
BOMBORÉ: Q4 & FY2025 Highlights GOLD PRODUCTION GOLD SALES AISC PRODUCTION For personal use only Q4: 30,407oz Q4: 31,526oz SALES Q4: $1,942/oz sold AISC 30% increase QoQ Average realized price of $4,129/oz, $130.5M in revenue FY: $1,776/oz sold FY: 110,014oz FY: 109,084oz Production below guidance:
Slide 6: Financial and Operating Highlights
BUILD | OPERATE | EXPAND FINANCIAL AND OPERATING HIGHLIGHTS 2025 Commentary Operating Performance Q4-2025 Q4-2024 2025 2024 For personal use only Gold production oz 30,407 36,502 110,014 118,746 • Record revenue and net income Gold sales oz 31,526 34,833 109,084 118,697 • 2025 was a key investment y
Slide 7: Production and Unit Cost Summary
BUILD | OPERATE | EXPAND PRODUCTION AND UNIT COST SUMMARY 2025 Commentary Mining Physicals Q4-2025 Q4-2024 2025 2024 For personal use only Ore tonnes mined tonnes 2,234,142 2,063,262 8,436,661 7,889,973 • Record material mined and ore tonnes processed Waste tonnes mined tonnes 3,639,991 2,655,783 14
Slide 8: 2026 Production and Cost Guidance
BUILD | OPERATE | EXPAND 2026 PRODUCTION AND COST GUIDANCE For personal use only 2026 Guidance Production Guidance Operating Guidance • Bomboré Operations Unit Bomboré (100% Basis) • 45% to 64% increase to 2025 gold production, attributable to full year of hard rock operations Gold Production oz 160
Slide 9: Repositioning Orezone
REPOSITIONING OREZONE Key Accomplishments Over The Last 12 Months • Completed secondary listing on the Australian Securities Exchange For personal use only • Expanded investor base and further enhanced capital markets profile Improved Liquidity • Included in the VanEck Junior Gold Miners (“GDXJ”) ex
Slide 10: Snapshot: An Emerging Diversified Mid-tier Producer
BUILD | OPERATE | EXPAND SNAPSHOT An Emerging Diversified Mid-tier Producer Casa Berardi Operations Bomboré Operations For personal use only Location Quebec, Canada Location Burkina Faso, West Africa Status Operating Status Operating Acquisition closed on March 25, 2026 Stage 1 hard rock expansion c
Slide 11: Orezone: A New Emerging Mid-tier Producer
OREZONE A New Emerging Mid-tier Producer Consolidated Gold Production • 2026 forecast: 220,000 – 240,000oz 1 Orezone Production Outlook For personal use only • Medium term target: >350,000oz/yr 2 (100% Basis) 400 Casa Berardi Mine >350koz • Mine plan rescope and optimization Catalysts • Updated mine
Slide 12: Questions
For personal use only Questions