Orezone Gold (ORE) Corporate presentation summary

Strategic positioning and asset base

• Operates two producing mines, Casa Berardi in Quebec and Bomboré in Burkina Faso, plus the advanced-stage Heva-Hosco project in Quebec, providing diversified production and growth potential.

• Casa Berardi offers a large underground resource, established infrastructure, and significant exploration upside, supporting long-term growth.

• The company targets strong operating cash flow to fund growth, with multiple catalysts including underground expansion and exploration.

Casa Berardi life-of-mine plan and economics

• Casa Berardi's 14-year mine life targets 1.63Moz total gold production, averaging 116koz/year at $1,877/oz AISC and $1,485/oz cash cost.

• After-tax NPV (5%) is $1.05B at base case gold price, rising to $1.43B at spot price ($4,350/oz).

• Underground mining restarts, aiming for ~80,000oz/year (2030–2037), with open pit contributing 797koz over 14 years.

• Significant near-term investment in equipment, underground development, and waste stripping to support higher production and improved costs.

• Life-of-mine plan includes 29% Measured, 61% Indicated, and 10% Inferred resources, with ongoing technical and permitting work.

Exploration and growth opportunities

• Ramp-up to 100,000m annual drilling planned, targeting resource expansion, new zone discovery, and higher-grade ounces.

• 2026 exploration program includes 58,000m drilling: 6,500m infill, 33,700m extensions, 17,300m new targets.

• Casa Berardi property covers 37km along a major fault, with multiple underexplored zones and significant depth potential.

• Additional geophysical surveys and integration of 30 years of geological data aim to enhance exploration effectiveness.