Orezone Gold Completes Strategic Acquisition of Casa Berardi Gold Mine and Quebec Exploration Portfolio

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Mr. Alexandre Nickerson, P. Eng., Geology Superintendent of Orezone Quebec Inc. has reviewed and approved the scientific and technical information contained in this press release related to Casa Berardi including scientific and technical information that is derived from the technical report entitled NI 43-101 Technical Report on the Casa Berardi Mine, Northwestern Quebec, Canada, dated March 28, 2024, with an effective date of December 31, 2023 (the “Casa Berardi Technical Report”). Mr. Nickerson is a “Qualified” Person” under NI 43-101 and is not independent of Orezone within the meaning of NI 43-101. The Casa Berardi Technical Report is available under Hecla Mining’s SEDAR+ profile at www.sedarplus.com. Mr. Nickerson reviewed the Casa Berardi Technical Report on behalf of Orezone. To the best of Mr. Nickerson’s knowledge, information, and belief, there is no new material scientific or technical information that would make the disclosure of the mineral resources or mineral reserves inaccurate or misleading.

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COMPETENT PERSONS

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In accordance with ASX Listing Rule 5.12, the information in this announcement relating to the NI 43-101 Mineral Resource Estimate for the Casa Berardi Mine is confirmed as an accurate representation of the available data for the project by Alexandre Nickerson, P.Eng, an employee of Orezone Quebec Inc., is a member of the Ordre des ingénieurs du Québec and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken to qualify as a Competent Person, as defined in the JORC Code. Mr. Nickerson has over 7 years’ experience and is a full-time employee as Geology Superintendent for Orezone Quebec Inc. Mr. Nickerson consents to the inclusion in this announcement of the matters based on this information in the form and context in which they appear.

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Cautionary
Note
Regarding
Forward-Looking
Statements

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This press release contains certain information that may constitute “forward-looking information” within the meaning of applicable Canadian Securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws (together, “forward-looking statements”). Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding the Transaction, that fact that it positions Orezone as a diversified multi-asset producer, adding material scale, production and free cash flow; that the acquisition builds on Orezone’s strong track record of operating and development success, providing an excellent platform for future growth and value creation; Orezone’s near-term focus at Casa Berardi, and next steps. There can be no assurances that the benefits from the Transaction will be achieved as set out in this press release or at all. Forward-looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. Forward-looking statements are based on the Company’s and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or its management or beyond the Company’s control. Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements in this press release speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances.

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¹ For the purposes of the ASX Listing Rule 5.12, the Company cautions that the Casa Berardi gold mine Mineral Reserves and Mineral Resources are not reported in accordance with the 2012 Joint Ore Reserves Committee’s Australasian Code for Reporting of Mineral Resources and Ore Reserves (“JORC Code”). The Casa Berardi gold mine Mineral Reserve and Mineral Resource estimates are foreign estimates prepared in accordance with National Instrument 43-101. A competent person has not done sufficient work to classify the foreign estimate as a Mineral Resource in accordance with the JORC Code, and it is uncertain whether further evaluation and exploration will result in an estimate reportable under the JORC Code. Please see the Company’s press release dated January 26, 2026 for the ASX Listing 5.12 – Foreign Estimate.
² Exclusive of Mineral Reserves.
³ Mineral Resource and Mineral Reserve estimates for Casa Berardi as at December 31, 2025 are derived from, and should be read in conjunction with, Hecla Mining’s disclosure documents filed on SEDAR+ subsequent to the filing of the Casa Berardi Technical Report.
⁴ The M&I Resource estimates for the Heva-Hosco project are as at December 31, 2025 and based on Hecla Mining’s disclosure documents. These estimates are historical estimates for the purposes of NI 43-101. A Qualified Person employed by or acting on behalf of Orezone has not done sufficient work to classify these historical estimates as current mineral resources or mineral reserves under NI 43-101, and the Company is not treating these historical estimates as current mineral resources or mineral reserves. The historical estimates should not be relied upon until such time as a Qualified Person has verified the data underlying the estimates.

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