Outcrop Announces Proposed $500,000 Private Placement

OUTCROP GOLD CORP.

NOT FOR RELEASE IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES

NEWS RELEASE

Outcrop Announces Proposed $500,000 Private Placement

April 1 2, 2019 – Vancouver, British Columbia – Outcrop Gold Corp. (TSX -V: OCG) (the “ Company”)

announces that it is offering on a non -brokered private placement basis up to 2,173,913 units at a price of $0.2 3 per

unit for gross proceeds of up to $500,000. Each unit will consist of one common share and one share purchase

warrant exercisable at a price of $0.40 per share for a period of five years from closing.

Proceeds from the private placement will be used to advance exploration on the Company’s Colo mbia projects and

to fund potential acquisitions in Colombia, as well as for general working capital. The Company may pay a finder’s

fee on a portion of the private placement. All securities issued in connection with the private placement will be

subject to a four month hold period from the closing date. The private placement is subject to TSX Venture

Exchange approval.

About Outcrop

Outcrop is a gold p rospect generator active in Colombia. Our emphasis is on acquiring gold exploration projects

with world-class discovery potential. Outcrop performs its own grass roots exploration and then employs a joint

venture business model on its projects to maximize investor exposure to discovery and minimize financial risk.

ON BEHALF OF THE BOARD OF DIRECTORS

Joseph (Joe) Hebert, Chief Executive Officer

Tel: +1-775-340-0450

Email: [email protected]

Neither the 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.