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PRESS RELEASE: Roscan Gold Announces Positive -2-

| Quelle: Dow Jones Newsw... | Lesedauer etwa 10 min. | Text vorlesen Stop Pause Fortsetzen
PRESS RELEASE: Roscan Gold Announces Positive Drill Results, Including First Diamond Drill Hole Intersection of 3.18gpt over 88m



DGAP-News: Roscan Gold Corporation / Key word(s): Miscellaneous
Roscan Gold Announces Positive Drill Results, Including First Diamond Drill
Hole Intersection of 3.18gpt over 88m

2020-02-27 / 12:00
The issuer is solely responsible for the content of this announcement.

Toronto, Ontario(Newsfile Corp. - February 27, 2020) - Roscan Gold
Corporation (TSXV: ROS) (FSE:2OJ) ("Roscan" or the "Company") is pleased to
announce positive drill results for the first 50 holes totaling 2,773 metres
(m) of its Exploration Program (Mankouke South Target) at its 100% owned
Kandiole Gold Project ("*Project*") in west Mali, West Africa.

The drill program proves extension at depth with the recent 2 Diamond Drill
Holes (Figure 2) and wide intersections (Figure 2, Figure 3 and Figure 4) at
Mankouke South Target. Encouraged by these results, high grades (Table 1),
and strike extension (Figure 1), Roscan plans to triple its current drill
program to 30,000m and add a second drill.

*Highlights:*

· *3.18 gpt gold over 88.0m from drill hole DDMan-20-20 from 4.7m*;

· Including 17.10 gpt gold over 1.0m from 8.7m

· *Including 23.30 gpt gold over 3.0m from 27.7m*

· Including 12.40 gpt gold over 7.0m from 38.7m

· *4.18 gpt gold over 40.0m from drill hole DDMan-20-21 from 62.3m*;

· *Including 8.49 gpt gold over 11.0m from 66.3m*

· Including 5.54 gpt gold over 5.0m from 89.3m

· 8.68 gpt gold over 39.0m from drill hole ACMan-20-312 from 6.0m;

· *Including 19.10 gpt gold over 16.0m from 8.0m*

· *Including 62.90 gpt gold over 3.0m from 18.0m*

· *12.10 gpt gold over 20.0m from drill hole ACMan-20-314 from 22.0m*;

· *Including 70.80 gpt gold over 3.0m from 26.0m*

· 3.71 gpt gold over 48.0m from drill hole ACMan-20-288 from 2.0m;

· *Including 8.15 gpt gold over 10.0m from 30.0m*

· 2.41 gpt gold over 49.0m from drill hole ACMan-20-289 from surface; and

· *Including 15.10 gpt gold over 3.0m from 8.0m*

· 3.63 gpt gold over 15.0m from drill hole ACMan-20-290 from surface;

· *Including 34.60 gpt gold over 1.0m from 12.0m*

*Notes: 1: True width yet to be determined, 2: Table 1 - Assay Highlights, 3:
0.5gpt used as cut-off and 4: No top-cut*

*5. Holes have a dip of -50° and azimuth of 270° *

Nana Sangmuah, President and CEO, stated, "These drilling results showed the
consistency of mineralization along a major trend across our property and
highlight the depth, grade and width potential. To date, all 6 Sections over
500m drilled have intercepted high-grade mineralization - this high success
rate also indicates the potential for the expansion of the target. Roscan is
progressing with an updated aggressive drill program that plans to triple the
current drill program to 30,000m and add a second drill. Our 2020 exploration
program is off to a great start and we feel very encouraged by the initial
results which prompted our decision to add an additional drill to expand our
drill program."

[1]

*Figure 1:* Plan View delineating strike length and high grades at Mankouke
South
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4821/52835_d83112c3341a59bf_001full.jpg
[1]

[2]

*Figure 2:* Section 1 - Depicting Depth and Width Continuity, & AC Drilling
vs Diamond Drilling
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4821/52835_d83112c3341a59bf_002full.jpg
[2]

· Diamond Drilling (DD) confirmed both depth and width potential of
mineralization on previously drilled fence 1375850N

· 2019 AC Drillhole ACMAN19-167 returned an average grade of 4.55gpt over
the entire 50m hole and the twinned Diamond Drillhole, DDMan20-20, in 2020,
returned 4.46gpt over the first 50m. This gave us confidence in our AC
drilling to delineate our targets before deeper diamond drilling

[3]

*Figure 3:* Section 2 - Depicting Depth and Width Continuity, with high
grades
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4821/52835_d83112c3341a59bf_003full.jpg
[3]

[4]

*Figure 4: *Section 3 - Depicting Depth and Width Continuity, with high
grades at end of holes
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4821/52835_d83112c3341a59bf_004full.jpg
[4]

· Mankouke South remains open to the North with new high-grade drill
results

· Positive drilling results indicate potential for additional gold deposits
and mobilization of an additional drill will commence shortly

· We are currently conducting 3 dimensional modeling exercises of these
holes to confirm our Geological Model

Regional Exploration Program

· Other Kandiole Area ongoing exploration includes:

· Ground geophysical orientation surveys at Mankouke South and Mankouke
Central have been completed and we are waiting for the interpretation
before deep diamond drilling commences

· Bulldozer has cleared the Kandiole West Target for exploration works.
This zone is located approximately 8km East of Fekola Mine (B2Gold)

· Termite Mound Sampling is ongoing with 316 samples on a 100m x 50m grid
over the Mankouke South Extension and 200m x 50m grid over the Kandiole
North area

The gold mineralization at Mankouke South is associated with quartz veining
and/or disseminated and stringer pyrite hosted in brecciated and locally
sheared greywackes and mudstones underlain by interbedded limestones and
mudstones of the Kofi Formation about 25km east of the Fekola mine (B2Gold
Corp.). This mineralization is structurally aligned with the Siribaya
deposits to the South (IAMGOLD Corp.), Roscan's Mankouke Central prospect
along the 7km long Mankouke Corridor Target, and our neighbors to the North
(Oklo Resources Ltd.). Saprolitic alteration is approximately 100m deep based
on our geological interpretation at this time.

Drilling Contract and Analytical Protocol

The drilling contract was awarded to Target Drilling SARL who employ KL900-1
multi-purpose (AC/RC/DD) rig. Drill holes for which results are reported were
drilled from January 18 to February 11, 2020.

All drill samples are sent for preparation to Bureau Veritas Mineral
Laboratories in Bamako, Mali and transported by Bureau Veritas to their
analytical facility in Abidjan, Ivory Coast for fire assay with atomic
absorption finish and by gravimetric finish for grades above 10 gpt Au.
Roscan applied industry-standard QA/QC procedures to the program. Certified
reference materials, blanks and field duplicates are inserted at appropriate
intervals.

Some highlighted results (July 22, 2019) from Southern Mankouke Discovery are
shown below:

· 4.50 gpt gold over 16.0 metres from drill hole ACMan-19-167;

· 5.86 gpt gold over 26.0 metres from drill hole ACMan-19-167;

· 3.00 gpt gold over 10.0 metres from drill hole ACMan-19-168;

· 3.74 gpt gold over 30.0 metres from drill hole ACMan-19-168; and

· 6.13 gpt gold over 6.0 metres from drill hole ACMan-19-166.

*Hole ID* *Line *From* *To* *Interval *gpt *Comment*
#* (m)* Au*
DDMAN20-20 1375850 4.7 92.7 88 3.18
including 8.7 9.7 1 17.10
and 27.7 30.7 3 23.30
and 38.7 45.7 7 12.40

DDMAN20-21 1375850 62.3 102.3 40 4.18
including 66.3 77.3 11 8.49
and 89.3 94.3 5 5.54

ACMAN20-287 1375800 4.0 21.0 17 1.39
AND 41.0 50.0 9 1.31 Hole
ended in
mineraliz
ation

ACMAN20-288 1375800 2.0 50.0 48 3.71 Hole
ended in
mineraliz
ation
including 30.0 40.0 10 8.15

ACMAN20-289 1375800 0.0 49.0 49 2.41
including 8.0 11.0 3 15.10

ACMAN20-290 1375800 0.0 15.0 15 3.63
including 12.0 13.0 1 34.60
AND 37.0 50.0 13 1.56 Hole
ended in
mineraliz
ation

ACMAN20-291 1375800 6.0 11.0 5 1.98

ACMAN20-296 1375700 8.0 18.0 10 1.42
AND 23.0 44.0 21 1.10

ACMAN20-297 1375700 29.0 49.0 20 1.06

ACMAN20-298 1375700 0.0 36.0 36 2.09
including 28.0 35.0 7 4.82

ACMAN20-306 1375600 33.0 47.0 14 2.76
including 35.0 37.0 2 11.50

ACMAN20-309 1375900 41.0 47.0 6 1.34

ACMAN20-311 1375900 5.0 20.0 15 1.45
AND 28.0 47.0 19 1.24

ACMAN20-312 1375900 6.0 45.0 39 8.68
including 8.0 24.0 16 19.10
including 18.0 21.0 3 62.90

ACMAN20-313 1375900 0.0 17.0 17 1.74

ACMAN20-314 1375900 2.0 15.0 13 1.00
AND 22.0 42.0 20 12.10
including 26.0 29.0 3 70.80


(MORE TO FOLLOW) Dow Jones Newswires

February 27, 2020 06:00 ET ( 11:00 GMT)


ACMAN20-315 1375900 2.0 21.0 19 1.52

ACMAN20-316 1376000 0.0 11.0 11 1.06

ACMAN20-317 1376000 34.0 41.0 7 1.23

ACMAN20-318 1376000 25.0 33.0 8 1.22

ACMAN20-319 1376000 11.0 48.0 37 3.27
including 22.0 26.0 4 9.35
and 33.0 37.0 4 7.68

ACMAN20-320 1376000 3.0 43.0 40 1.52
including 29.0 32.0 3 7.46

ACMAN20-327 1376100 20.0 50.0 30 1.50 Hole
ended in
mineraliz
ation
including 44.0 45.0 1 12.40

ACMAN20-328 1376100 30.0 34.0 4 4.85
including 33.0 34.0 1 14.80

Table 1: Drillhole Highlights for Initial 2020 Exploration Drilling

*Qualified Person (QP) and NI43-101 Disclosure;*

Greg Isenor, P. Geo., Executive Vice-Chairman for the Company, is the
designated Qualified Person for this news release within the meaning of
National Instrument 43-101 ("NI 43-101") and has reviewed and verified that
the technical information contained herein is accurate and approves of the
written disclosure of same.

*About Roscan*

Roscan Gold Corporation is a Canadian gold exploration company focused on the
exploration and acquisition 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:*

*Andrew J. Ramcharan*
Executive Vice President - Corporate Development and Investor Relations
Tel: (416) 572-2295
Email: aramcharan@Roscan.ca

*Greg Isenor*
Executive Vice-Chairman
Tel: (902) 832-5555
Email: gpisenor@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/52835 [5]

Click on, or paste the following link into your web browser,to view the
associated documents http://www.newsfilecorp.com/release/52835
News Source: Newsfile

2020-02-27 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

Canada
ISIN: CA77683B1076
EQS News ID: 985015

End of News DGAP News Service

985015 2020-02-27


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(END) Dow Jones Newswires

February 27, 2020 06:00 ET ( 11:00 GMT)
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