COCO.V · 2021-04-26 12:00:00

Roughrider Completes Geophysical Program at Red Chris Area Properties, Signs Tahltan Communications Agreement and Provides Corporate Update

Exploration Programs Marketing Announcement

Roughrider Completes Geophysical Program

at Red Chris Area Properties, Signs Tahltan

Communications Agreement and Provides

Corporate Update

TSX.V: REL

VANCOUVER, BC

April 26, 2021

/CNW/ -

Roughrider Exploration Limited ("Roughrider"

or the

"Company")

(TSXV: REL) is pleased to announce it has completed an airborne geophysical survey

at its 100% owned Red Chris Properties adjacent to Newcrest Mining Limited's ("

Newcrest

") and

Imperial Metals Corporation's ("

Imperial Metals

") Red Chris Mine and GT Gold Corp.'s Tatogga

Property. Roughrider is encouraged by the results which highlight the discovery of numerous large

magnetic anomalies in an area previously untested. Roughrider is also pleased to announce it has

signed a Communications and Engagement Agreement with the Tahltan First Nations and is looking

forward to continuing to build on its meaningful and mutually beneficial relationship with the Tahltan

Nation.

Figure 1- Red Chris Area Play Map (CNW Group/Roughrider Exploration Limited)

Red Chris Area Properties

Roughrider engaged

Peter E. Walcott

& Associates to complete a total of 966-line kilometers ("

of airborne magnetics (see Figure 1) over its Gin and Eldorado Properties, on either end of the Red

Chris Mine

The airborne geophysical magnetic survey flown over Roughrider's Eldorado Property to the east of

the Red Chris Mine shows a 250 meter ("

") x

2,000 m

long east-west trending magnetic high that

coincides with previously known mineralization including drillhole EL13-004 returning 91.6m of 0.12%

copper and 0.28 gram per tonne ("g/t") gold from top of bedrock (

52.4m

depth) to

144m

depth

More importantly, this survey discovered two new large magnetic anomalies (see Figure 2)

that may represent intrusive bodies in area located under gravel cover which has seen no previous

exploration as it was originally thought to be underlain by sediments and south of the prospective

area. The first anomaly is located approximately

750 m

south of the previous drill area and trends

east-west with dimensions of

1,000 m

2,000 m

and is located along the same geological trend and

inferred fault system as the Red Chris open pit mine. The second anomaly is approximately

1,500 m

in diameter and is located approximately 1.5 km east of the area previously drilled.

The airborne geophysical survey over Roughrider's Gin Property, at the western side of the Red

Chris Mine, shows several magnetic anomalies that may indicate other intrusive bodies exist under

the covered plateau and slopes, which are not shown on regional geological maps.

Adam Travis

, CEO of Roughrider comments:

"The Red Chris area has certainly been very active

recently and I would like to take this opportunity to congratulate both GT Gold on its

$456 million

") takeover offer from Newmont and Questex for its recently announced

$11 M

financing led by

Newmont and Skeena Resources. Roughrider, with its very strategic landholdings on either side of

Red Chris is now the only company not directly or indirectly held by either Newmont or Newcrest.

Imperial Metals and Newcrest have also been very active at the Red Chris Mine and have made

significant new discoveries south of their pit and have extended exploration roads 5 km to the east

out towards the boundary with our Eldorado Property. In light of the new discoveries at Red Chris

and recognition that the South Boundary Fault may in fact be a conduit for mineralization rather

than a termination of mineralization, we elected to fly a first ever detailed airborne magnetic survey

over our properties. This work has discovered two very significant magnetic anomalies that are 5

times larger than the magnetic anomaly where previous operators had focused and discovered

highly anomalous copper and gold values in soils, rocks and drillcore. These new anomalies are

located less than 10 km away from the Red Chris Mine pit and are new high-priority targets that

require ground truthing and surface geophysical surveys followed by drilling."

Empire Project, Northern Vancouver Island

Due to an unseasonably cool and snowy spring on northern Vancouver Island the Company has

delayed proposed surface geophysical and geochemical surveys until early May. As we await drill

permits, ongoing compilation of historical data continues to refine proposed drillhole locations. The

company is actively engaging with the Quatsino First Nation about its proposed programs to build a

mutually beneficial relationship.

Corporate

Roughrider announces the resignation of

Scott Gibson

from the Board of Directors. Mr. Gibson is

leaving to focus on his commitments to his private companies but will continue to be a large

supportive shareholder of the Company. Roughrider wishes him all the best in his future endeavors.

About Roughrider Exploration Limited

Roughrider's exploration focus is the Empire Mine Property, located on Northern Vancouver Island,

B.C., which covers three historical open pit mines and two past-producing underground mines that

yielded iron, copper, gold and silver. Roughrider's other properties include its 100% owned

Eldorado

, Gin and Bonanza properties located in the Golden Triangle of northern B.C. which are

adjacent to the Red Chris Mine as well as its 100% Sterling property which is located in central B.C.

Roughrider management also continuously reviews strategic precious metals opportunities in

western

North America

Qualified Persons

The scientific and technical information contained in this news release has been prepared, reviewed

and approved by

Wade Barnes

, P.Geo. (

British Columbia

) of Tripoint Geological Services,

Roughrider's Geological Consultant and a Qualified Person ("

") within the context of Canadian

Securities Administrators' NI 43-101; Standards of Disclosure for Mineral Projects.

On Behalf of the Board of Directors:

"Adam Travis"

Adam Travis

, Chief Executive Officer and Director

Cautionary Notes Related to this News Release and Figures

This news release and related maps contain information about adjacent properties on which

Roughrider has no right to explore or mine. Readers are cautioned that mineral deposits on

adjacent properties are not indicative of mineral deposits on the Companies properties.

Oliver, J. (2020). NI 43-101 TECHNICAL REPORT ON THE

ELDORADO

PROPERTY

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

regarding the proposed Transaction, private placement, board and management

changes,

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 Roughrider, are

inherently subject to significant business, economic, geological and competitive uncertainties and

contingencies. Although Roughrider 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.

Figure 2- Eldorado TMI Exploration Map (CNW Group/Roughrider Exploration Limited)

SOURCE

Roughrider Exploration Limited

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For further information:

Adam Travis, CEO, Roughrider Exploration Limited, 409 Granville Street,

Suite 904, Vancouver, B.C. V6C 1T2, Canada, P: 877-578-9563, E:

[email protected]; NR21-05

CO: Roughrider Exploration Limited

CNW 17:05e 26-APR-21

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