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Roughrider Grants Stock Options

Share Capital & Compensation

NEWS RELEASE

Roughrider Grants Stock Options

June 1, 2020 TSX.V: REL

Vancouver, BC -- Roughrider Exploration Limited ( "Roughrider" - TSX-V: REL) announces the grant of 2,000,000 stock

options to Directors, Officers and Consultants of the Company pursuant to the Company’s Stock Option Plan, subject to TSX

Venture Exchange approval. Each option is exercisable into one common share of the Company at an exercise price of $0.18

per share with an expiry of June 1, 2025.

About Roughrider Exploration Limited

Roughrider’s current focus is the exploration of its 100% owned Eldorado, Gin and Bonanza Properties located in the

Golden Triangle area of northern British Columbia, adjacent to the Red Chris Mine (owned and operated by Newcrest

Mining Limited and Imperial Metals Corporation). Additionally, Roughrider will continue to review strategic precious metal

acquisition opportunities in western North America. Roughrider also holds a 100% ownership in the Sterling Property

located in central BC.

On Behalf of the Board of Directors:

“Adam Travis”

Adam Travis, Chief Executive Officer and Director

For further information, please contact:

Roughrider Exploration Limited

Adam Travis, CEO

625 Howe Street, Suite 420

Vancouver, B.C. V6C 2T6, Canada

P: 250-878-7554

E: [email protected]

NR20-05

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 pre ss 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 state ments, 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 subj ect 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 guara ntees 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 explo itation 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 th at forward-

looking statements are not guarantees of future performance and, therefore, readers are advised to rely on their own evaluati on 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.