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Gossan Grants Stock Options

Share Capital & Compensation

Gossan Grants Stock Options

Winnipeg, Manitoba--(Newsfile Corp. - April 1, 2019) -

Gossan Resources Limited

(TSXV: GSS) (FSE: GSR) has awarded

330,000 incentive stock options to officers, directors, employees and consultants of the Company.

This grant of options is in

compliance with the terms of the Company's Stock Option Plan and remains subject to the acceptance of the TSX Venture

Exchange.

Four officers and directors were granted a total of 300,000 stock options exercisable at $0.07 per share with an expiry of March

21, 2024.

Employees and consultants were granted a total of 30,000 stock options exercisable at $0.07 per share with an expiry

of March 21, 2024.

This grant of options was awarded after the close on March 29, 2024.

Gossan Resources Limited has a broadly diversified portfolio of multi-element properties prospective for hosting gold, platinum

group elements and base metals, as well as specialty "green-battery metals", vanadium, titanium, tantalum, lithium and

chromium. Gossan also has a large deposit of high-purity, magnesium-rich dolomite, and holds a $100,000-per-annum advance

and production 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's main focus is the exploration of its Sturgeon Lake Property,

located in the zinc-copper-silver rich polymetallic Sturgeon Lake Greenstone Belt of Northwestern Ontario. The Company trades

on the TSX Venture and the Frankfurt/Freiverkehr &Xetra Exchanges and currently has 33,630,400 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

E-Mail:

[email protected]

Kathy Ringland, Office Manager

Tel : (204) 943-1990

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/43804