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Orezone Resources Inc.
TSX:	OZN
AMEX:	OZN

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January 2, 2009
Orezone Closes Private Placement, Updates Timing of Transaction with IAMGOLD
OTTAWA, ONTARIO--(Marketwire - Jan. 2, 2009) - Orezone Resources Inc. (TSX:OZN) (AMEX:OZN) announces that is has closed its previously announced financing whereby IAMGOLD Corporation (TSX:IMG) (NYSE:IAG) has purchased 71.4 million common shares of Orezone, on a private placement basis, at a price of Cdn$0.28 per share for total proceeds of approximately Cdn$20 million. IAMGOLD now holds approximately 16.6% of the outstanding common shares of Orezone. Orezone will use $10 million of the proceeds to continue development of the Essakane project and $10 million will be used to fund a new exploration company that will hold the non Essakane assets of Orezone and is being "spun out" to Orezone shareholders pursuant to the previously announced business combination between Orezone and IAMGOLD. Orezone also announces that it has called a special meeting of shareholders, to be held on February 18, 2009 in Toronto, to consider and if thought fit to approve, the business combination under which Orezone shareholders will receive 0.08 common shares of IAMGOLD plus a pro rata share of the new exploration company for each Orezone share held. A notice of the special meeting and accompanying management information circular and other materials are expected to be mailed on or about January 21, 2009. The transaction is expected to close by the end of February 2009. Orezone is an explorer and emerging gold producer that owns Essakane and Bombore, the two largest gold deposits in Burkina Faso, West Africa. Orezone also has a pipeline of developing projects, all located in politically stable areas of West Africa, 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 AND FORWARD-LOOKING INFORMATION: 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, and "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking statements and forward-looking information 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 and forward-looking information in this new release include statements with respect to the completion of the plan of arrangement, development of the Essakane project and the creation of New Orezone. Forward-looking statements are based on certain assumptions, opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected in the forward-looking statements. The assumptions include that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for the drilling program is available as scheduled, that no labour shortages or delays are incurred, that no material adverse change occurs to either Orezone or IAMGOLD, that court and regulatory approvals are received in a timely manner. Factors that could cause the forward-looking statements and forward-looking information to differ materially in actuality include the failure of contracted parties to perform as contracted and the failure of equipment. 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. Readers are advised that National Instrument 43-101 of the Canadian Securities Administrators requires that each category of mineral reserves and mineral resources be reported separately. Readers should refer to the annual information form of Orezone for the year ended December 31, 2007, and other continuous disclosure documents filed by Orezone since January 1, 2008 available at www.sedar.com, for this detailed information, which is subject to the qualifications and notes set forth therein. Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: This press release uses the terms "Measured", "Indicated" and "Inferred" Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.

CONTACT INFORMATION:

Orezone Resources Inc.
Ron Little, CEO
613-241-3699 or Toll Free: 1-888-673-0663
rlittle@orezone.com

or

Orezone Resources Inc.
Janet Eastman, Manager IR
613-241-3699 or Toll Free: 1-888-673-0663
jeastman@orezone.com

INDUSTRY: Manufacturing and Production - Mining and Metals

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