Orezone Gold Corporation (ORE) Earnings Call Transcript & Summary

Hello, and welcome to the Annual General Meeting of Shareholders of Orezone Gold Corporation. Please note that today's meeting is being recorded. If you participate in today's meeting and disclose personal information, you will be deemed to consent to the recording, transfer and use of same. If you disclose personal information of another person in today's meeting, you will be deemed to represent and warrant to Computershare and the corporation that you first obtain all required consents for the disclosure, recording, transfer and use of such personal information from all appropriate persons before your disclosure. It is now my pleasure to turn today's meeting over to Patrick Downey, President and CEO and a Director of Orezone.

Thank you. Good afternoon, and welcome to the Annual General Meeting of the Shareholders of Orezone Gold Corporation. My name is Patrick Downey. I am the President and CEO and a Director of the company. The Board of the Directors of the company has delegated to me the authority to lead the meeting of the shareholders today. On behalf of Orezone, I want to thank Joe Conway for his contributions and guidance during his tenure as a Board member. As this meeting is held virtually via live webcast, we will set out a few rules for the orderly conduct of the meeting, and I'll ask Ryan Goodman, the company's Senior Vice President and General Counsel to do so.

Thanks, Patrick. One, questions in respect of a motion can be submitted by any registered shareholder or duly appointed proxy holder using the Q&A tab on the virtual interface. Two, when asking the question, please indicate your name, which entity you represent, if any, and confirm that you are a registered shareholder or a duly appointed proxy holder. Three, questions will generally appear shortly after those submitted but will only be addressed during the question period at the end of the meeting, provided that questions regarding procedural matters or directly related to the motions before the meeting may be addressed during the meeting. Four, for the purpose of the meeting today, voting on all matters will be conducted by electronic ballot. Registered shareholders and duly appointed proxy holders will be asked to vote on each item of business. Five, voting is now open. You may click on the Vote tab on the virtual interface to register your votes. We will let you know when the polls will be closed. We will now proceed with the formal portion of today's meeting. To expedite the formal part of the meeting, Patrick will move and second all motions.

Thank you, Ryan. On the call to order and appointment of the secretary, I now ask that the Annual General Meeting of the shareholders of the company come to order. I appoint Ryan Goodman, Senior Vice President, General Counsel and Corporate Secretary of the company, as Secretary of the meeting. Appointment of scrutineers. For the purpose of this meeting, I appoint Computershare Investor Services Inc. through its representative as scrutineers to compute the votes of all polls taken at this meeting and to report thereon to Ryan as Secretary of the meeting. Constitution of the meeting. The purposes of today's meeting are set out in the management information circular of the company dated May 13, 2026. The notice calling this meeting, the management information circular and the form of proxy were mailed to shareholders on or around May 19, 2026. Unless there is any objection, I will dispense with the reading of the Notice of Meeting. Copies of the management information circular and other meeting materials are available under the company's website and its profile on the SEDAR website. Computershare has attested to the proper mailing of the notice calling this meeting and proof of the service of such mailing has been filed with me. I direct that a copy of such proof of service be annexed to the minutes of this meeting as a schedule. Quorum. I have been advised that there are more than 5% of all outstanding voting shares of the company present, and therefore, a quorum of shareholders is present and the meeting is properly called and duly constituted for the transaction of business. I have received the scrutineers' report, and I direct that their formal report be annexed to the minutes of this meeting as a schedule. Previous minutes. The minutes of the shareholder meeting held on June 12, 2025, is available for inspection. Unless there are any objections, I propose that we dispense with the reading of these minutes. As there are no objections, I will move and second to the minutes of the previous meeting be taken as read. Financial statements. As the first item of business on the agenda for today's meeting, I now present to the meeting the audited consolidated financial statements of the company as at and for the year ended December 31, 2025, together with the auditor's report to the shareholders thereon. Copies of such documents have been mailed to the shareholders who requested such statements and it is not proposed to read them to the meeting. I move and second that the financial statements of the company for the year ended December 31, 2025, be taken as read. Election of directors. The next item of business is to set the number of directors and the election of directors. The number of directors has been set at 6. The nominated directors are as follows: Sean Harvey, Patrick Downey, Tara Hassan, Robert Doyle, Julian Babarczy and Kate Harcourt. The directors to be elected by the shareholders of the company shall hold office until the close of business of the first Annual Meeting of Shareholders of the company following election or until their successors are elected or appointed. Each of the persons nominated has confirmed that he or she is prepared to serve as a director. Since there are no other nominations, I move and second the motion to set the number of directors at 6 and elected directors as set forth in the management information circular. Appointment of auditors. The next item business is the appointment of auditors of the company for the ensuing year and to authorize the directors of the company to fix the remuneration of the auditors. The Audit Committee of the Board of Directors of the company has approved, subject to shareholder confirmation, the appointment of Deloitte LLP as the auditors of the company. I move and second that Deloitte LLP be appointed auditors of the company until the next Annual Meeting of Shareholders and that the Board of Directors be authorized to fix their remuneration. Voting. As we mentioned, voting today will be conducted by electronic ballot. Balloting is open to registered shareholders and appointed proxy holders. The polls are open and all registered holders and proxy holders who have properly logged in with their control numbers or invitation code and wish to vote will be able to using the Vote tab on the screen to see all motions being brought forth at this meeting. Once the electronic balloting closes, a message will appear in the Vote tab indicating the polls are closed. Balloting would close in 2 minutes. [Voting]

I have been advised by the scrutineers that the vote is now closed and the ballots and proxies deposited for the meeting have been voted in favor of the resolutions. I ask that the scrutineer compile the report regarding the results of all business matters. Termination. The formal items of business as set out in the notice of the meeting have now been dealt with. As there is no further business to come before the meeting, I declare the formal part of the meeting to be concluded. I move and second that this meeting now terminated. I ask that all attendees who would like to ask a question use the Q&A tab of the virtual interface to do so. We will answer as many questions as time permits. When asking your question, please state your name, the entity you represent, if any, and confirm you are a registered shareholder, a duly appointed proxy holder or gas. Please limit your questions to topics related to today's subject matter and keep your questions short and to the point. We will now give attendees a moment to type in their questions. As there are no questions, this concludes the question-and-answer period. Once again, thank you to all shareholders who attended today's meeting.

This concludes the meeting. You may now disconnect.