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To: Bruce Robbins who wrote (16578)	10/20/2004 12:36:12 PM
From: Philip Nolan	Respond to of 312518

OZN NEWS OUT biz.yahoo.com Sega Drilling Extends Gambo Zone-Results Include 38 m Grading 2.7 g/t and 13m Grading 4.5 g/t Wednesday October 20, 11:54 am ET OTTAWA, ONTARIO--(CCNMatthews - Oct. 20, 2004) - Orezone Resources Inc. (OZN:TSX, AMEX) is pleased to announce the latest results from a 20,000m drilling program being carried out on its 100 per cent owned Sega gold project in Burkina Faso, West Africa. The objectives of the current program are to expand resources in the Gambo, Bakou and RZ zones which all lie in a relatively small 2.5 km(2) area, and to investigate a new target at Tiba, 6 km to the northeast. The Sega permit is 164 km(2) in size and contains a large number of artisanal workings and coincident gold in soil anomalies that have not yet been fully tested. The latest drilling included 22 holes to infill the existing resource on the Gambo Zone and to test its projected down plunge extension. Results included 38m grading 2.7 g/t in hole GRC186, 13m grading 4.5g/t in hole GRC190 and 21m grading 2.1g/t in hole GRC187 and confirmed that the zone is still open to the south. A further 10 holes were drilled in the recently discovered RZ Zone. Results included 13m grading 4.1 g/t in hole RZC207 and 25m grading 3.0 g/t in hole RZC228. Significant potential still exists to expand the size of the RZ discovery along strike and at depth and through drilling of a number of en echelon structures. 13 holes drilled into the Tiba zone included TBC170 which intersected 8m grading 3.7 g/t and hole TBC171 which intersected 16m grading 4.5 g/t. Ron Little, President and CEO, stated that "At Sega we are dealing with a very large system with multiple zones of mineralization. All zones still require infill and delineation drilling and are not yet closed off. Priority will be given to the RZ zone which has higher average grades and the greatest expansion potential." He added that "We have a US $2 million budget and our goal is to aggressively drill Sega over the balance of the year in order to produce a resource calculation early in 2005." Summary of Latest Drill Results (see complete table at www.orezone.com/segatable.html) ------------------------------------------------------------------- Hole Prospect From (m) To (m) Length (m) Grade (g/t Au) ------------------------------------------------------------------- TBC160 Tiba 26 40 14 0.8 ------------------------------------------------------------------- TBC166 Tiba 0 27 27 0.8 ------------------------------------------------------------------- including Tiba 7 12 5 2.2 ------------------------------------------------------------------- TBC169 Tiba 59 61 2 3.1 ------------------------------------------------------------------- TBC170 Tiba 16 24 8 3.7 ------------------------------------------------------------------- TBC171 Tiba 56 72 16 4.5 ------------------------------------------------------------------- GRC175 Gambo 18 23 5 3.1 ------------------------------------------------------------------- GRC179 Gambo 23 37 14 0.9 ------------------------------------------------------------------- GRC180 Gambo 33 35 2 5.6 ------------------------------------------------------------------- GRC182 Gambo 17 31 14 3.0 ------------------------------------------------------------------- GRC183 Gambo 13 36 23 1.8 ------------------------------------------------------------------- including Gambo 23 36 13 2.7 ------------------------------------------------------------------- GRC184 Gambo 51 76 25 1.3 ------------------------------------------------------------------- including Gambo 51 57 6 2.6 ------------------------------------------------------------------- GRC185 Gambo 19 30 11 3.6 ------------------------------------------------------------------- GRC186 Gambo 32 70 38 2.7 ------------------------------------------------------------------- including Gambo 32 37 5 6.1 ------------------------------------------------------------------- and Gambo 46 60 14 4.4 ------------------------------------------------------------------- GRC187 Gambo 3 24 21 2.1 ------------------------------------------------------------------- GRC189 Gambo 23 35 12 2.0 ------------------------------------------------------------------- GRC190 Gambo 24 37 13 4.5 ------------------------------------------------------------------- GRC191 Gambo 62 70 8 2.3 ------------------------------------------------------------------- GRC193 Gambo 26 55 29 1.7 ------------------------------------------------------------------- including Gambo 43 50 7 3.8 ------------------------------------------------------------------- RZC197 RZ 11 18 7 2.5 ------------------------------------------------------------------- RZC198 RZ 1 32 31 1.5 ------------------------------------------------------------------- including RZ 7 18 11 2.5 ------------------------------------------------------------------- RZC203 RZ 54 63 9 1.3 ------------------------------------------------------------------- RZC203 RZ 69 80 11 1.5 ------------------------------------------------------------------- RZC204 RZ 82 99 17 2.0 ------------------------------------------------------------------- RZC205 RZ 34 48 14 1.5 ------------------------------------------------------------------- RZC206 RZ 73 88 15 1.1 ------------------------------------------------------------------- RZC207 RZ 52 65 13 4.1 ------------------------------------------------------------------- RZC207 RZ 77 80 3 4.3 ------------------------------------------------------------------- RZC208 RZ 145 151 6 1.8 ------------------------------------------------------------------- RZC209 RZ 88 97 9 3.3 ------------------------------------------------------------------- RZC216 RZ 76 85 9 1.6 ------------------------------------------------------------------- RZC226 RZ 27 38 11 1.3 ------------------------------------------------------------------- RZC228 RZ 40 65 25 3.0 ------------------------------------------------------------------- Note: Samples were collected every 1m down the hole and analyzed using a 2kg bottle roll cyanide leach at the Transworld Laboratory in Tarkwa, Ghana, an internationally recognized laboratory. A minimum of 5% of the samples is for QA/QC, which include duplicates, triplicates, standards and blanks. The program was carried out under the supervision of Jeffrey Ackert, VP Exploration, and qualified person for Orezone. Orezone Resources Inc. (OZN:TSX, Amex) is an emerging Canadian gold producer that has three advanced exploration projects that are moving rapidly toward the feasibility stage. All are located in Burkina Faso, West Africa, a politically stable part of one of the world's fastest growing gold producing regions. Orezone's mission is to create wealth by discovering and developing the earth's resources in an efficient and responsible manner. FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of historical fact relating to the company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral prop erties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements. -------------------------------------------------------------------------------- Contact: Orezone Resources Inc. Ron Little President & CEO Phone: (613) 241-3699 rlittle@orezone.com or Orezone Resources Inc. Greg Bowes Vice President, Corporate Development Phone: (613) 241-3699 gbowes@orezone.com