Roughrider Closes First Tranche of Private Placement

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

A VIOLATION OF U.S. SECURITIES LAWS.

NEWS RELEASE

Roughrider Closes First Tranche of Private Placement

Vancouver, BC, March 25, 2020 -- Roughrider Exploration Limited (TSX-V: REL) ("Roughrider"

or the “Company”) – is pleased to announce it has closed a first tranche of its previously announced

non-brokered private placement (the "Private Placement’).

In connection with this closing, the Company has issued an aggregate of 4,925,000 common shares

(the “Shares”) at a price of $0.10 per for proceeds of $492,500.

The proceeds of the Private Placement will be used for the previously announced acquisition of a

100% interest in the Gin, Eldorado and Bonanza properties located in the Golden Triangle Area of

northwest B.C. as well as for general working capital.

In connection with the closing the Company paid aggregate finders fees of $10,860 in connection with

the distribution of Shares to certain arm’s length parties.

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.

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 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 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 for ward-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 mus t 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.