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PRESS RELEASE: Roscan Announces RSU/DSU Plan and New Stock Option Plan

| Quelle: Dow Jones Newsw... | Lesedauer etwa 4 min. | Text vorlesen Stop Pause Fortsetzen

DGAP-News: Roscan Gold Corporation / Key word(s): Miscellaneous
Roscan Announces RSU/DSU Plan and New Stock Option Plan

2020-02-24 / 23:00
The issuer is solely responsible for the content of this announcement.

Toronto, Ontario(Newsfile Corp. - February 24, 2020) - *Roscan Gold
Corporation* (TSXV: ROS) (the "Company") announces that the board of
directors of the Company adopted a restricted share units and deferred share
units (collectively "*RSUs/DSUs*") plan (the "*RSU/DSU Plan*") and a new
stock option plan (the "*2020 Stock Option Plan*").

The maximum number of RSUs/DSUs issuable under the RSU/DSU Plan together
with the number of stock options issuable under the 2020 Stock Option Plan
may not exceed 10% of the number of issued and outstanding common shares of
the Company as at the date of a grant under the RSU/DSU Plan or the 2020
Stock Option Plan, as the case may be. Based on the number of common shares
currently outstanding, an aggregate of 16,897,236 RSUs/DSUs and/or options
can be granted pursuant to the RSU/DSU Plan and/or the 2020 Stock Option
Plan. The Company currently has 16,600,000 options outstanding, leaving
237,236 RSUs/DSUs and/or options available for grant. The RSU/DSU Plan and
the 2020 Stock Option plan have been conditionally approved by the TSX
Venture Exchange and remain subject to disinterested shareholder approval at
the next annual and special meeting of the shareholders of the Company to be
held on March 26, 2020 (the "*Shareholders' Meeting*").

Further details regarding the RSU/DSU Plan and the 2020 Stock Option Plan
will be included in the management information circular of the Company which
will be sent to shareholders and filed on SEDAR in connection with the
Shareholders' Meeting.


Roscan Gold Corporation is a Canadian 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:
Nana Sangmuah
President and Chief Executive Officer
Tel: (902) 832-5555
Email: nsangmuah@roscan.ca*

*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 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, fluctuations in commodity prices, delays in obtaining required
regulatory or governmental approvals, and other risks involved in the
mineral exploration and development industry, including those risks set 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 or 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 Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release._

To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/52711 [1]

Click on, or paste the following link into your web browser,to view the
associated documents http://www.newsfilecorp.com/release/52711
News Source: Newsfile

2020-02-24 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Roscan Gold Corporation

ISIN: CA77683B1076
EQS News ID: 982655

End of News DGAP News Service

982655 2020-02-24

1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=74cbbe7ae332c7492fcaab7a08038e7d&application_id=982655&site_id=vwd&application_name=news

(END) Dow Jones Newswires

February 24, 2020 17:00 ET ( 22:00 GMT)

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