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Outcrop GOLD Announces Stock Option Grant

Share Capital & Compensation

OUTCROP GOLD ANNOUNCES STOCK OPTION GRANT

April 19, 2021 – Vancouver, BC – Outcrop Gold Corp. (TSXV: OCG) (“Outcrop”) announces the

grant of 3,900,000 incentive stock options exercisable at a price of $0.30 until April 19, 2026.

About Outcrop Gold

Outcrop is a hybrid prospect generator active in Colombia acquiring silver and gold exploration projects

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

a joint venture business m odel on its projects to maximize investor exposure to discovery and minimize

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

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

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.