Roughrider Closes Private Placement

Roughrider Closes Private Placement

VANCOUVER, BC / ACCESSWIRE / September 18, 2018 / Roughrider Exploration Limited

(TSX-V: REL) ("Roughrider" or the ''Company'') is pleased to announce it has closed its previously

announced non-brokered private placement (the "Private Placement"). In connection with this closing,

the Company issued an aggregate of 4,390,000 shares (the "Shares") at a price of $0.10 per Unit for

aggregate proceeds of $439,000.

The Company paid aggregate cash finders' fees of $19,250 in connection with the Private Placement.

Accilent Capital Management Inc. received aggregate finder's fees of $3,850.

The proceeds of the Private Placement will be used for general working capital purposes, further work on

Roughrider's Genesis uranium project and evaluation and potential acquisition of other exploration

projects.

All the securities issued under the Private Placement are subject to a hold period expiring four months and

one day from the date of issuance.

Scott Gibson, the President of the Company acquired, directly and indirectly, 1,000,000 common shares

pursuant to the Private Placement. Prior to the Private Placement, Mr. Gibson owned directly, or had

control and direction over 1,427,400 common shares, representing 15.16% of the outstanding shares of

the Company and 205,500 share purchase warrants. As a result of the acquisition of the securities

described above, Mr. Gibson directly and indirectly now owns and/or controls in aggregate 2,427,400

common shares of the Company representing 17.58% of the post-closing issued and outstanding common

shares of the Company, and 205,500 share purchase warrants.

In addition, Pavilion Flow-Through (2017) 1, (2016) 1 and (2013) 2 (''Pavilion'') acquired directly

500,000 common shares pursuant to the Private Placement. Prior to the Private Placement, Accilent

Capital Management Inc. (''Accilent''), the portfolio manager of Pavilion owned directly, or had control

and direction over 1,834,400 common shares, representing 19.48% of the outstanding shares of the

Company and 769,714 share purchase warrants. As a result of the acquisition of the securities described

above, Accilent directly and indirectly now owns and/or controls in aggregate 2,334,400 common shares

of the Company representing 16.91% of the post-closing issued and outstanding common shares of the

Company and 769,714 warrants.

The Company has been advised that Mr. Gibson and Pavilion each separately acquired these securities for

investment purposes and may in the future acquire or dispose of securities of the Company, through the

market, privately or otherwise, as circumstances or market conditions warrant.

In total, directors and officers of the Company subscribed for a total of 1,300,000 shares under the Private

Placement. The issuance of these securities to directors and officers under the Private Placement are

''related party transactions'' under the policies of the Exchange and Multilateral Instrument 61-

101 Protection of Minority Security Holders in Special Transactions (''MI 61-101''). The Company is

relying on exemptions from the minority shareholder approval and formal valuation requirements

applicable to the related party transactions under Sections 5.7(1)(b) and 5.5(b), respectively, of MI 61-

101. There has been no prior formal valuation of the common shares and share purchase warrants issued

as there has not been any necessity to do so. The Private Placement has been reviewed and unanimously

approved by the Company's board of directors, including the independent directors.

About Roughrider Exploration Limited

Roughrider and its partner Kivalliq Energy are exploring the Genesis uranium project located in the

Wollaston-Mudjatik geological trend extending northeast from Saskatchewan's Athabasca Basin. In

addition, Roughrider has acquired options on the Brownell Lake and Olsen property options near La

Ronge Saskatchewan and the Silver Ace and Sterling projects in central British Columbia.

For further information, please contact:

Scott Gibson

Chief Executive Officer

604-697-0028

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Certain information contained or incorporated by reference in this press release, including any

information as to our strategy, projects, plans or future financial or operating performance, constitutes

"forward-looking statements." All statements, other than statements of historical fact, are to be

considered forward-looking statements. Forward-looking statements are necessarily based on a number

of estimates and assumptions that, while considered reasonable by the company, are inherently subject to

significant business, economic, geological and competitive uncertainties and contingencies. Although the

Company believes the expectations expressed in such forward-looking statements are based on

reasonable assumptions, such statements are not guarantees of future performance. Known and unknown

factors could cause actual results to differ materially from those projected in the forward-looking

statements. Such factors include but are not limited to: fluctuations in market prices, exploration and

exploitation successes, continued availability of capital and financing, changes in national and local

government legislation, taxation, controls, regulations, expropriation or nationalization of property and

general political, economic, market or business conditions. Many of these uncertainties and contingencies

can affect our actual results and could cause actual results to differ materially from those expressed or

implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that

forward-looking statements are not guarantees of future performance and, therefore, readers are advised

to rely on their own evaluation of such uncertainties. All of the forward-looking statements made in this

press release, or incorporated by reference, are qualified by these cautionary statements. We do not

assume any obligation to update any forward-looking statements.

UNITED STATES ADVISORY

The securities referred to herein have not been and will not be registered under the United States

Securities Act of 1933, as amended (the "U.S. Securities Act"), have been offered and sold outside the

United States to eligible investors pursuant to Regulation S promulgated under the U.S. Securities Act,

and may not be offered, sold, or resold in the United States or to, or for the account of or benefit of, a

U.S. Person (as such term is defined in Regulation S under the United States Securities Act) unless the

securities are registered under the U.S. Securities Act, or an exemption from the registration

requirements of the U.S. Securities Act is available. Hedging transactions involving the securities must

not be conducted unless in accordance with the U.S. Securities Act. This press release shall not constitute

an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities

in the state in the United States in which such offer, solicitation or sale would be unlawful

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE

UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE

A VIOLATION OF U.S. SECURITIES LAWS.

SOURCE: Roughrider Exploration Limited