ROS.V · 2019-10-10 12:00:00

Roscan Releases Update ON Regional Exploration and Ac Drilling

Exploration Programs

Roscan Gold Corporation News Release October 10, 2019

Roscan Gold Corporation

1550 Bedford Highway, Suite 802

Bedford, Nova Scotia B4A 1E6

NEWS RELEASE

ROSCAN RELEASES UPDATE ON REGIONAL EXPLORATION AND AC DRILLING

HALIFAX, October 10, 2019 – Rosc an Gold Corporation (“Roscan” o r the “Company”) (TS X‐V: ROS; FSE:2OJ) is

pleased to provide an update on its regional exploration and Air Core (AC) Drilling program at its Kandiole Project

in Mali, West Africa.

HIGHLIGHTS

 3.82 g/t Au over 6 metres (38.0 m ‐ 44.0 m) at Moussala Nord in ACMou‐19‐10

 1.33 g/t Au over 2 metres (0.0 m ‐ 2.0 m) at Moussala Nord in ACMou‐19‐01

 1.96 g/t Au over 2 metres (0.0 m ‐ 2.0 m) at Moussala Nord in ACMou‐19‐61

 2.15 g/t Au over 2 metres (18.0 m ‐ 20.0 m) at Mankouke in ACMan‐19‐155

 2.10 g/t Au over 2 metres (22.0 m ‐ 24.0 m) at Mankouke in ACMan‐19‐200

 1.00 g/t Au over 6 metres (6.0 m ‐ 12.0 m) at Mankouke in ACMan‐19‐217

Note: True widths cannot be determined with the i nformation available

The AC drilling program completed to date, primarily at Mankouk e and Moussala Nord, (see previous releases)

has tested approximately 50% of the significant termite gold an omalies that occur in the total land package. The

bulk of these results have already been released and showed tha t gold mineralization is widespread and points

out that extensive follow up drilling is required. The remaini ng termite gold anomalies, not tested to date, will

require additional drilling. In addition, follow up drilling is also required to test the extensions of mineralization

(greater than 500 ppb / 2m) outlined in this regional AC drilling.

There are several areas of anomalous gold (100 ppb – 500 ppb / 2 metres) identified in the AC drilling. These areas

must be put into context with respect to interpreted regional structures and further drilling is required.

There are several areas on the land package, including all of K andiole West, the western half of Kandiole North,

and the major portion of Niala where termite mound sampling has not been completed.

MANKOUKE PERMIT (7 Km Mineralized Gold Corridor Identified.)

The AC drilling completed on the Mankouke permit between the southern Mankouke discovery (3.74g/t over 30m

and 5.86 g/t Au over 26m, previously released) and the central Mankouke discovery (8.86g/t Au over 14m and

8.63g/t Au over 10m, previously released) shows the continuity of mineralization along a 7 km trend extending

northward for the total length of the permit. The mineralizatio n occurs in breccia zones and has been drilled to

date to only 70 metres vertical. See Figure 1.

Roscan Gold Corporation News Release October 10, 2019

MOUSSALA NORD PERMIT (2 Km Mineralized Gold Corridor Identified)

The AC drilling completed on the Moussala Nord permit outlines a 2 kilometer NE – SW trending mineralized zone

(4.98 g/t Au over 8 metres, previously released and 3.82 g/t Au over 6 metres) that is co incident with a regional

structure that transects to the south several strong untested (not drilled) termite anomalies located on the

Kandiole West permit. This structure extends to the NE to intersect Komet’s, Walia discovery. See Figure 2.

KANDIOLE WEST PERMIT (Not Drilled to Date)

The strong termite gold anomalies that are present on this permit have not been drill tested to date. These termite

anomalies point out a NE‐SW trend that is coincident with a previously interpreted magnetic structure that

extends to the south to the IAMGOLD Diakha deposit and to the n orth to the Moussala Nord high grade

intersections previously discussed. See Figure 2.

SEGANDO SUD PERMIT (More Drilling Required)

A prominent NW – SE trend appear s to be present the entire leng th of the permit and is outlined by 50 ppb and

greater assays in both termite sampling and AC drilling. This i nterpreted structure appears to be the controlling

feature of the eastern limit of the granitic intrusion in that area. Also, the southern ext ension of this structure

appears to control the location of the Faleme River. Further wo rk, including drilling, is required in this extremely

interesting permit. See Figure 2.

NIALA PERMIT (Partially sampled)

The major portion of this permit has not been termite mound sam pled. Impressive working has been discovered

on this permit and detailed mapping of these working is required prior to drilling.

FIGURE 1 shows the Mankouke permit and the AC drilling results except f or the area of central Mankouke where

detailed drilling has been completed (Previously released). Mineralization appears to be continuous on this permit

and trending in a north easterly direction.

FIGURE 2 shows the land package of the Kandiole project, the results of the termite sampling completed to date,

the areas not sampled, the targets not drilled, to date and any significant AC assays data.

TABLE 1 shows assay data for the limited amount of regional AC drilling completed outside the Mankouke permit.

Assays of 100 ppb Au (100 parts per billion gold) and greater are included in this table. The bulk of the land package

in covered by laterite and assays of 100 ppb are considered ver y important and strong indicators of gold

mineralization, and especially so, when associated with structures.

COMMENTARY

Greg Isenor, President and CEO of Roscan Gold stated “At Mankouke to date, we have two great gold discoveries

on that permit, we are calling Central Mankouke and Southern Mankouke and these discoveries are on a 7‐

kilometer mineralized trend. The Southern Mankouke discovery wi ll be diamond drilled as soon as we get back to

drilling after the seasonal rains, estimated to be by the end of October. The Central Mankouke discovery has been

detailed drilled for 500 metres, the mineralized zone is open to the north and drilling will continue there to extend

Roscan Gold Corporation News Release October 10, 2019

that zone as soon as possible. In addition, we have a discovery area at Moussala Nord that has been identified by

both the 2018 and 2019 AC drilling and that zone will be drilled to extend the mineralization. Also. there are several

untested strong termite anomalies on the land packages that hav e not been drilled. There are also several areas

that have not been termite mound sampled and sampling will continue in these areas this year. It is early days and

we are working towards a resource as soon as possible.”

QUALIFIED PERSON AND SAMPLE PROTOCOL

The technical content in this news release has been reviewed and approved by Gregory P. Isenor, P. Geo, a

Qualified Person as defined by NI 43‐101.

For quality control, duplicated samples were systematically collected in the field, and blank samples were inserted

in the sample batches sent to the laboratory. Blank samples and duplicates were included in the sample batches

sent to the lab. Before their transportation, the samples were stored in a Roscan secured location in the field.

Batches of samples were transported by truck, driven by Roscan contractors, up to the sample preparation

installations of Bureau Veritas laboratory at Bamako; prepared samples were then shipped by Bureau Veritas to

their treatment installations at Abidjan, Ivory Coast. During the assay process, the laboratory applied its own

quality controls with blanks, duplicates and standard samples. The assay method was atomic absorption (AA) with

pre‐concentration by fire assay (FA); the detection limit of the method is of 5 ppb.

ABOUT ROSCAN

Roscan Gold Corporation is a Can adian gold exploration company focused on the acquisition and exploration of

gold properties in West Africa. The Company has assembled a significant land position of 100%‐owned permits in

an area of producing gold mines (including B2 Gold’s Fekola Mine which lies in a contiguous property to the west

of Kandiole), and major gold deposits, located both north and south of its Kandiole Project in west Mali.

For further information, please contact:

Greg Isenor

President and Chief Executive Officer

Tel: (902) 832‐5555

Email: [email protected]

Forward Looking Statements

This news release contains forward‐looking information which is not comprised of historical fac ts. Forward‐looking information i s

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

statements that certain events or conditions “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 such 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, fl uctuations in commodity prices, delays in obtaining required re gulatory or

governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks se t 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 i nformation in this news release are reasonable, undue reliance should not

be placed on such information. T he Company disclaims any intent ion or obligation to update or revise any forward‐looking infor mation,

other than as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined in the policies of the TSX Vent ure Exchange)

accepts responsibility for the adequacy or accuracy of this release.

Roscan Gold Corporation News Release October 10, 2019

TABLE 1

Roscan Gold Corporation News Release October 10, 2019

TABLE 1

Roscan Gold Corporation News Release October 10, 2019

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