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METL.CN ·

Carlos Espinosa Officially Joins RooGold as Chief Executive Officer

Management Changes

82 Richmond St. E., Toronto, ON M5C 1P1

CARLOS ESPINOSA OFFICIALLY JOINS ROOGOLD AS CHIEF

EXECUTIVE OFFICER

VANCOUVER, BC – March 7 , 202 2 – (CSE: ROO) (OTC: JNCC F) (Frankfurt: 5VHA) –

RooGold Inc. (“RooGold” or the “Issuer”) would like to officially welcome Carlos Espinosa as

Chief Executive Officer (CEO), President and member of the Board of Directors, effective as of

March 4th, 2022.

Further to the news release dated February 9, 2022, Mr. Espinosa replaces Michael Mulberry, who

will remain a Director of RooGold. Yana Borovskaya has officially stepped down from the Board

of Directors concurrent with the appointment of Mr. Espinosa.

Carlos Espinosa commented, “I am very excited to join a company with a great team of professionals

and excellent gold and silver assets in Australia, a country with a long mining tradition and one of the best

mining jurisdictions in the world. I am sure that together we will build a fantastic story and an amazing

company, adding value to our shareholders, as well as local communities, government, employees and

consultants, and the rest of stakeholders around RooGold.”

Issuance of Stock Options

RooGold has issued 1,000,000 incentive stock options (the “ Options”) to certain directors,

officers, employees, and consultants of the Company , effective March 4, 2022 (the “ Effective

Date”). The Options have an exercise price o f $0.30 and are exercisable for a period of five (5)

years, expiring March 4, 2027. The Options will be subject to a vesting schedule whereby 166,667

Options will vest every six (6) months from Effective Date.

About ROOGOLD

ROOGOLD is a Canadian based junior venture mineral exploration issuer which is uniquely

positioned to be a dominant player in New South Wales, Australia, through a growth strategy

focused on the consolidation and exploration of high potential, mineralized precious metals

properties in this prolific region of Australia. RooGold commands a portfolio of 13 high -grade

potential gold (9) and silver (4) concessions covering 1,380 km2 which have 137 historic mines

and prospects.

For further information please contact:

Ryan Bilodeau

T: 416-910-1440

[email protected]

82 Richmond St. E., Toronto, ON M5C 1P1

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of applicable securities law.

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.

Although the Issuer believes that the expectations reflected in applicable forward-looking statements are

reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking

statements are subject to risks and uncertainties that may cause actual results, performance or

developments to differ materially from those contained in such statements.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER

ACCEPTSRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.