VANCOUVER, B itish Columbia, July 07, 2026 (GLOBE NEWSWIRE) —
Pat ick Dow ey, P eside t a d CEO, comme ted: “Si ce taki g ow e ship, ou focus at Casa Be a di has bee o i teg ati g the ope atio , gai i g a deepe u de sta di g of the asset a d ide tifyi g oppo tu ities to e ha ce its futu e pe fo ma ce. O goi g wo k si ce the acquisitio has ei fo ced ou view that Casa Be a di is a lo g-life asset i a Tie -1 ju isdictio . Its substa tial mi e al e dowme t, exte sive existi g i f ast uctu e a d sig ifica t explo atio upside p ovide a st o g platfo m fo lo g-te m value c eatio .
2026 will be a t a sitio yea fo the ope atio as we co ti ue to mi e eadily accessible lowe -g ade u de g ou d o e while completi g additio al waste st ippi g i the F160 pit to imp ove access to highe g ades i the pit bottom a d p epa e fo futu e pit cut-backs to exte d the pit life. These i vestme ts will esult i highe ave age AISC fo the emai de of 2026. Ove the lo ge -te m, we expect u it costs a d AISC to t e d lowe , as imp oved g ades a d p oductivity a e ealized th ough accele ated u de g ou d developme t, ew mi i g equipme t a d a sig ifica tly expa ded defi itio d illi g p og am.
Ou clea focus is o st e gthe i g Casa Be a di fo futu e g owth th ough o goi g i vestme ts a d we look fo wa d to issui g a ew life-of-mi e pla i Septembe , which will fu the outli e ou lo g-te m st ategy of optimizi g ope atio s a d ealizi g the full pote tial of the mi e.”
The followi g guida ce cove s the post-acquisitio pe iod f om Ma ch 25 to Decembe 31, 2026:
| Gold p oductio 1 | Au oz | 62,000 – 67,000 | All-I Sustai i g Costs1,2,3 | US$/oz Au sold | $2,600 – $2,800 | Sustai i g capital1,2,3 | US$ millio | $37 – $39 | G owth capital1,2,3 | US$ millio | $5 – $6 |
- Pe iod f om Ma ch 25, 2026 to Decembe 31, 2026
- No -IFRS measu e. See “No -IFRS Measu es” sectio below fo additio al i fo matio
- Guided cost met ics assume a CAD/USD fo eig excha ge ate of 1.35
Qua te ly gold p oductio is expected to be lowest i the thi d qua te as mi i g at the F160 pit is co ce t ated o waste st ippi g esulti g i the feedi g of lowe -g ade stockpiles. P oductio is expected to st e gthe i the fou th qua te as mo e highe -g ade ope pit o e is delive ed to the mill.
All-I Sustai i g Cost (“AISC”) is guided to fall betwee US$2,600 – US$2,800/oz. The accou ti g sta da ds followed by the Compa y fo the acquisitio of Casa Be a di equi e that gold i ve to ies a d o e stockpiles be i c eased to thei estimated closi g date fai values. The sale of the gold i ve to y a d the p ocessi g of o e stockpiles i subseque t pe iods will impact cost of sales a d the efo e, AISC othe wise epo ted. The Compa y has chose to exclude these o – ecu i g, o -cash accou ti g adjustme ts f om AISC as they a e ot ep ese tative of the ope ati g pe fo ma ce of the mi e
Sustai i g capital is estimated at US$37 – US$39 millio with spe di g di ected towa d accele ated u de g ou d developme t, the pu chase of ew u de g ou d mobile mi i g equipme t, taili gs lift, a d p ocess pla t imp oveme ts. G owth capital estimated at US$5 – US$6 millio is p ima ily fo e gi ee i g, tech ical studies a d pe mitti g i suppo t of futu e mi e developme t.
Fifty-eight thousa d met es of diamo d d illi g is pla ed ta geti g th ee key objectives: co ve ti g I fe ed Mi e al Resou ces to I dicated Resou ces th ough i fill d illi g, expa di g existi g u de g ou d o e zo es dow plu ge, a d testi g ew ea -mi e explo atio ta gets. The p og am is desig ed to suppo t both ea -te m mi e pla i g th ough esou ce co ve sio a d lo g-te m g owth th ough expa sio a d ea -mi e explo atio . The Compa y has five explo atio d ill igs ope ati g o site a d i te ds to i c ease explo atio activities towa d a sustai ed a ual d illi g ate of 80,000 to 100,000 met es.
O ezo e expects to publish a updated life-of-mi e pla fo Casa Be a di i Septembe 2026, outli i g the Compa y’s lo g-te m ope ati g st ategy, mi e developme t pla s a d explo atio oppo tu ities.
O ezo e Gold is a eme gi g i te mediate gold p oduce with ope atio s i Ca ada a d West Af ica. Its Casa Be a di a d Bombo é gold mi es host sig ifica t mi e al e dowme ts, g owth oppo tu ities, a d explo atio upside. The ece tly acqui ed Casa Be a di mi e i Quebec has p oduced ove 3.2 millio oz of gold to-date while the Bombo é mi e was co st ucted a d b ought i to p oductio by O ezo e i late 2022.
O ezo e is led by a expe ie ced ma ageme t team committed to safe, sustai able, a d espo sible mi i g p actices, with a focus o delive i g lo g-te m value fo all stakeholde s.
Pat ick Dow eyP eside t a d Chief Executive Office
Ama da MalloughVice P eside t, I vesto Relatio s
Tel: 1 778 945 8977i fo@o ezo e.com / www.o ezo e.com
The To o to Stock Excha ge eithe app oves o disapp oves the i fo matio co tai ed i this ews elease.
This a ou ceme t was autho ized fo elease by Pat ick Dow ey, Di ecto , P eside t & CEO.
The scie tific a d tech ical i fo matio i this ews elease was eviewed a d app oved by M . Rob He de so , P.E g., Vice-P eside t of Tech ical Se vices, who is a Qualified Pe so as defi ed u de Natio al I st ume t 43-101 – Sta da ds of Disclosu e fo Mi e al P ojects.
I acco da ce with ASX Listi g Rule 5.12, the i fo matio i this a ou ceme t elati g to the Casa Be a di Mi e is co fi med as a accu ate ep ese tatio of the available data fo the p oject by M . Rob He de so , P.E g., Vice-P eside t of Tech ical Se vices, a employee of O ezo e Gold Co po atio . M . He de so is a membe of the Associatio of P ofessio al E gi ee s a d Geoscie tists of B itish Columbia a d has sufficie t expe ie ce that is eleva t to the style of mi e alisatio a d type of deposit u de co side atio , a d to the activity bei g u de take , to qualify as a Compete t Pe so as defi ed i the JORC Code (2012 Editio ). M . He de so co se ts to the i clusio i this a ou ceme t of the matte s based o this i fo matio i the fo m a d co text i which they appea .
The Compa y has i cluded ce tai te ms o pe fo ma ce measu es commo ly used i the mi i g i dust y that is ot defi ed u de IFRS, i cludi g “cash costs”, “AISC”, “EBITDA”, “adjusted EBITDA”, “adjusted ea i gs”, “adjusted ea i gs pe sha e”, a d “f ee cash flow”. No -IFRS measu es do ot have a y sta da dized mea i g p esc ibed u de IFRS, a d the efo e, they may ot be compa able to simila measu es p ese ted by othe compa ies. The Compa y uses such measu es to p ovide additio al i fo matio a d they should ot be co side ed i isolatio o as a substitute fo measu es of pe fo ma ce p epa ed i acco da ce with IFRS. Fo a complete desc iptio of how the Compa y calculates such measu es a d eco ciliatio of ce tai measu es to IFRS te ms, efe to “No -IFRS Measu es” i the Ma ageme t’s Discussio a d A alysis fo the th ee mo ths e ded Ma ch 31, 2026 which is i co po ated by efe e ce he ei .
This ews elease co tai s “fo wa d-looki g stateme ts” a d “fo wa d-looki g i fo matio ” withi the mea i g of applicable Ca adia secu ities laws (collectively, “fo wa d-looki g i fo matio “), i cludi g, without limitatio , stateme ts ega di g the Compa y’s 2026 p oductio , cost a d capital guida ce fo the Casa Be a di mi e; pla ed capital expe ditu es; explo atio activities a d d illi g p og ams; a ticipated ope atio al pe fo ma ce; the i teg atio a d optimizatio of the Casa Be a di mi e; the timi g a d co te t of the Compa y’s updated life-of-mi e pla ; a d the futu e pe fo ma ce, developme t a d g owth pote tial of the Casa Be a di mi e. Fo wa d-looki g i fo matio is ofte , but ot always, ide tified by the use of wo ds such as “pla s”, “expects”, “is expected”, “is expecti g”, “budget”, “outlook”, “scheduled”, “ta get”, “estimates”, “fo ecasts”, “i te ds”, “a ticipates”, “believes”, o va iatio s (i cludi g egative va iatio s) of such wo ds a d ph ases, o stateme ts that ce tai actio s, eve ts o esults “may”, “could”, “would”, “might”, o “will” be take , occu o be achieved. Such i fo matio is based o assumptio s a d judgme ts of the Compa y ega di g futu e eve ts a d esults. Reade s a e cautio ed that fo wa d-looki g i fo matio i volves k ow a d u k ow isks, u ce tai ties a d othe facto s that may cause actual esults, pe fo ma ce o achieveme ts of the Compa y to diffe mate ially f om those exp essed o implied by such fo wa d-looki g i fo matio .
Fo wa d-looki g i fo matio is ot a gua a tee of futu e pe fo ma ce a d i volves k ow a d u k ow isks, u ce tai ties, assumptio s a d othe impo ta t facto s, ma y of which a e beyo d the co t ol of the Compa y, its di ecto s a d ma ageme t. Past pe fo ma ce is ot a guide to futu e pe fo ma ce. Key isk facto s associated with a i vestme t i the Compa y a e detailed i the Compa y’s audited a ual co solidated fi a cial stateme ts a d a ual MD&A fo the yea e ded Decembe 31, 2025, the A ual I fo matio Fo m fo the yea e ded Decembe 31, 2025, a d Sectio 4 of the Compa y’s ASX p ospectus dated July 11, 2025, copies of which a e available o SEDAR+ a d o the Compa y’s website. These a d othe facto s could cause actual esults to diffe mate ially f om those exp essed o implied by the fo wa d-looki g i fo matio .
Fo wa d-looki g i fo matio co tai ed i this ews elease is based o a umbe of assumptio s, i cludi g, without limitatio , assumptio s ega di g mi i g, p ocessi g a d ecove y ates, capital expe ditu es, explo atio activities, pe mitti g, commodity p ices, fo eig excha ge ates, ope ati g costs, labou availability, a d othe ope ati g a d eco omic assumptio s u de lyi g the Compa y’s 2026 guida ce. Although the Compa y believes the assumptio s a d expectatio s eflected i the fo wa d-looki g i fo matio a e easo able as of the date of this ews elease, the e ca be o assu a ce that they will p ove to be accu ate. Reade s a e cautio ed that the fo egoi g list of assumptio s is ot exhaustive.
The Compa y does ot u de take a y obligatio to update o evise a y fo wa d-looki g i fo matio , whethe as a esult of ew i fo matio , futu e eve ts o othe wise, except as equi ed by applicable secu ities laws. Acco di gly, eade s should ot place u due elia ce o fo wa d-looki g i fo matio .
