Roscan Gold to Receive $2.60 Million from Early Warrant Exercise

Toronto, Ontario--(Newsfile Corp. - April 24, 2020) - Roscan Gold Corporation (TSXV: ROS)(FSE: 2OJ)("Roscan" or the "Company") is pleased to announce its shareholders have confirmed exercise of 21,700,068 warrants at a price of $0.12 per share, with an expiry date of July 26, 2020 which will add net proceeds of $2,604,008 to the Company's balance sheet.

These warrants were issued as part of the Company's July 26, 2018 private placement financing. The Company has a remaining 11,952,657 of these warrants outstanding with an exercise price of $0.12 per share and with an expiry date of July 26, 2020.

The use of proceeds will be utilized by the Company's exploration program on its highly prospective project in West Mali.

Nana Sangmuah, President and CEO, stated, "We are very pleased to have the ongoing support from our shareholders who exercised these warrants early; and, particularly with the majority that held on to their shares post exercise to increase their relative ownership position in the Company. We are excited about the progress made to date as we follow up on a number of recent developments. We look forward to providing additional updates and reporting results from our exploration activities in the coming weeks and months."