GSS.V · 2017-09-25 12:00:00

Early Warning - Gossan CEO Shareholdings Exceed 18.7% of Shares Outstanding

Corporate Updates

NEWS RELEASE 17-06

September 25, 2017 – Gossan Resources Limited (GSS-TSX.V & GSR-Frankfurt/Freiverkehr

& Xetra) has been advised by its CEO, Douglas Reeson, that he exercised 150,000 stock options

and purchased a material number of shares on September 20 th & 21 st, 2017. He now holds

6,305,000 common shares or 18.78% of the shares issued and outstanding. Mr. Reeson

purchased these shares for investment purposes and has no present intention to acquire ownership

of, or control over, additional securities of Gossan, but may choose to acquire additional

securities. Depending on market and other conditions , he may increase or decrease his beneficial

ownership, control or direction over additional secu rities of Gossan, through market transactions,

private agreements, treasury issuances, exercise of stock options or otherwise. Mr. Reeson does

not have any current plans related to the enumer ated list. Mr. Reeson also holds 650,000 options

to acquire an additional 650,000 common shares of Gossan.

This news release is being issued pursuant to National Instrument 62-103 The Early Warning

System and Related Take-Over Bid and Inside r Reporting Issues of the Canadian Securities

Administrators. A copy of the report filed by Reeson in connection with the shares purchased is

available on the Company’s SEDAR profile.

Gossan Resources Limited has acquired a new explor ation property in the zinc-rich polymetallic

Sturgeon Lake Greenstone Belt in northwestern Ontario which has been permitted for a drill

program this winter. Gossan has a broadly divers ified legacy portfolio of properties hosting gold,

platinum group and base metals, as well as the sp ecialty and minor meta ls, vanadium, titanium,

tantalum, lithium and chromium. The Company also has a large deposit of high-purity,

magnesium-rich dolomite and a royalty interest in a frac sand deposit. All of Gossan’s mineral

exploration and development properties are located in Manitoba and northwestern Ontario. The

Company trades on the TSX Venture and the Frankfurt/Freiverkehr&Xetra Exchanges and

currently has 33,580,400 common shares outstanding.

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 news release.

For further information, please bookmark www.gossan.ca or contact:

Douglas Reeson, Chairman & CEO

Gossan Resources Limited

Tel: (416) 533-9664