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Outcrop GOLD Announces Stock Option Grant

Share Capital & Compensation

OUTCROP GOLD ANNOUNCES STOCK OPTION GRANT

May 13, 2020 – Vancouver, BC – Outcrop Gold Corp. (TSXV: OCG) (“Outcrop”) announces the grant

of 300,000 incentive stock options exercisable at a price of $0.17 until February 7, 2025 to new employees.

About Outcrop Gold

Outcrop is a gold prospect generator active in Colombia acquiring gold exploration projects with world -

class discovery potential. Outcrop performs its own grass roots exploration and then empl oys a joint

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

risk. Outcrop has seven primary projects in Colombia with three at an advanced stage of exploration.

Outcrop will conduct focused drilling on flagship properties such as Santa Ana to create its own catalysts

for value creation and to receive full value for future joint ventures or dispositions.

ON BEHALF OF THE BOARD OF DIRECTORS

Joseph P Hebert, Chief Executive Officer

+1 775 340 0450

[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.