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ROS.V ·

Roscan - Granting of Options

Share Capital & Compensation

RosCan Minerals Corporation News Release August 1, 2018

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RosCan Minerals Corporation

365 Bay Street, Suite 400

Toronto, Ontario, M5H 2V1

NEWS RELEASE

ROSCAN - GRANTING OF OPTIONS

Toronto, August 1, 2018 – RosCan Minerals Corporation (“RosCan” or the “Company”) (TSX-V: ROS), announces that is has

granted an aggregate of 3, 300,000 options to purchase common shares of the Company exercisable at a price of $ 0.10 per

common share and expiring on August 1, 2021, to certain directors, officers, and consultants of the Company. The common

shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.

.

ABOUT ROSCAN

RosCan Minerals Corporation is a Canadian gold exploration company focussed on West Africa. The Company has assembled

a land position of 100% -owned permits in an area of large gold deposits for its Kandiole Project in west Mali. RosCan is also

exploring the gold potential of the early exploration stage Dormaa Project in Ghana, in which RosCan can earn a 50% interest

through an option agreement with Pelangio Exploration Inc.

For further information, please contact:

Greg Isenor

President and Chief Executive Officer

Tel: (902) 832-5555 or (416) 293-8437

Email: [email protected]

Forward Looking Statements

This news release contains forward -looking information which is not comprised of historical facts. Forward -looking information is

characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar w ords, or

statements that certain events or c onditions “may” or “will” occur. Forward -looking information involves risks, uncertainties and other

factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by su ch forward-

looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not

limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required r egulatory or

governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks s et out in the

Company’s management’s discussion and analysis as filed under the Company’s profile at www.sedar.com. Forward-looking information in

this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all

necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the

assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not

be placed on such information. The Company disclaims any intention or obligation to update o r revise any forward -looking information,

other than as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture Exchange)

accepts responsibility for the adequacy or accuracy of this release.