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Outcrop Engages Hybrid Financial

Corporate Updates

OUTCROP ENGAGES HYBRID FINANCIAL

May 14, 2021 – Vancouver, BC – Outcrop Gold Corp. (TSXV:OCG, OTCQX:OCGSF, DE:MRG1)

(“Outcrop”) is pleased to announce that it has retained Hybrid Financial Ltd. The service provided by

Hybrid to Outcrop is a database of Registered Financial Professionals in North America. Hybrid is not

promoting the specific purchase or sale of securities. It provid es its database, technology, and call center

services to enable the issuer to disseminate its information to Financial Professionals only. Hybrid provides

its services directly to Outcrop.

Hybrid has agreed to comply with all applicable securities laws and the policies of the TSX Venture

Exchange (the “TSXV”) in providing the services. Hybrid has been engaged by the Company for an initial

period of six months starting May 10, 2021 (the “Initial Term”). Outcrop will pay Hybrid a monthly fee of

C$15,000, plus applicable taxes, during the Initial Term.

Earlier this year Outcrop was named to the 202 1 TSX Venture 50, a ranking of top performing companies

traded on the TSX Venture Exchange and was ranked fourth in the Mining Sector. In addition, Outcrop

qualified to commence trading on the OTCQX Best Market in March, a top-tier public market in the United

States, under the ticker symbol “OCGSF”.

About Outcrop Gold

Outcrop is a hybrid prospect generator active in Colombia acquiring gold and silver 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 investo r exposure to discovery and minimize

financial risk. Outcrop has seven primary projects in Colombia. While Outcrop’s other projects are

available for joint venture, Outcrop will continue to drill and de-risk the Santa Ana high-grade silver project.

About Hybrid Financial Ltd.

Hybrid Financial connects issuers to the investment community across North America. Using a data driven

approach, Hybrid provides its clients with comprehensive coverage of both American and Canadian

markets. Hybrid Financial h as offices in Toronto and Montreal.

ON BEHALF OF THE BOARD OF DIRECTORS

Joseph P Hebert, Chief Executive Officer Mars Investor Relations

+1 775 340 0450 +1 647 557 6651

[email protected] [email protected]

www.outcropgoldcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information contained herein

constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information

can be identified by the use of forward-looking terminology such as “potential”, “we believe”, or variations of such words

and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the

opinions and estimates of management as of the date such statements are made and they are subject to known and unknown

risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of

Outcrop to be materially different from those expressed or implied by such forward-looking statements or forward-looking

information, including: the receipt of all necessary regulatory approvals, capital expenditures and other costs, financing and

additional capital requirements, completion of due diligence, general economic, market and business conditions, new

legislation, uncertainties resulting from potential delays or changes in plans, political uncertainties, and the state of the

securities markets generally. Although management of Outcrop have attempted to identify important factors that could cause

actual results to differ materially from those contained in forward-looking statements or forward-looking information, there

may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such

statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such

statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking

information. Outcrop will not update any forward-looking statements or forward-looking information that are incorporated

by reference herein, except as required by applicable securities laws.