Orezone Gold Corporation announced positive drilling and preliminary metallurgical test results from a recent 5,968 m drill program at its 100%-owned Bombore Gold Project in Burkina Faso. These programs were focused on P17S, a new higher grade sulphide zone hosted in a shallowly plunging felsic intrusive, and on the oxide mineralization of the P13 oxide target, both situated on the Toeyoko permit adjacent to the Bombore mining permit. Previous shallow drilling at P17S from surface to a depth of only 60 m resulted in a Measured and Indicated sulphide resource of 337,000 tonnes at 2.5 gpt for 27,000 ounces of gold. The results from the recently completed drill program (62 holes) intersected the unit at depths of up to 100 m and have the potential to substantially increase this resource. The deposit remains open at depth and to the north. In addition, previous geophysical and geochemical surveys indicate there are similar targets in close proximity that remain to be tested. P17S Positive Preliminary Metallurgical Test Results: Orezone contracted SGS Lakefield to perform a metallurgical test program on 100 kg of representative composite samples from the P17S drill core. The samples were crushed and blended, then split into subsamples for metallurgical and analytical test work. Repeat assays showed an average gold grade of 3.1 gpt, slightly higher than an average from core assays (2.57 gpt). The grinding testwork indicates a Bond Work index of 14.2 kWh/tonne which is slightly lower than average index of the Bombore sulphide mineralization at 16.8 kWh/tonne. Direct cyanidation bottle roll tests averaged 94.8% after a 48-hour leach, with a grind size of 74 microns and 81% recovery after a 24-hour leach. These results are on average better than the whole ore cyanidation recoveries expected for main sulphide material at Bombore based on a standard CIL circuit. In addition, gravity recovery and the flotation of gravity tails show very positive results. Gravity concentration recovered 61% of the contained gold into 0.1% of the mass treated. This is much higher than in the main Bombore sulphides (approx. 15%). Flotation of the tails from the gravity concentration recovered an additional 32% of the overall gold into 8% of the total mass treated. Regrind and cyanidation of this resulted in an overall combined recovery from gravity and flotation/regrind/cyanidation of just over 94%. P17S Target Expansion: The P17S mineralization is hosted in a deformed and metasomatized granodiorite intrusive that typically contains 1 to 2% fine disseminated sulphides including arsenopyrite, pyrite and pyrrhotite. P13 Target Expansion also during Fourth Quarter 2016, the company completed 1,853 m (37 boreholes) of RC drilling on the P13 target to follow-up positive scout drilling results from 2013 on section lines that were spaced 400 m apart along a 4 km NE trend. The mineralization is hosted in carbonaceous metapelitic sediments surrounding a NE-trending metagrabbro unit. The recent program consists of 50 m step out RC holes along the interpreted mineralized structures.