THIS NEWS RELEASE IS INTENDED  FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED  FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

TORONTO, May  5, 2020  (GLOBE  NEWSWIRE) –  Roscan  Gold  Corp.  (“Roscan”  or  “ROS”  or  the “Company”) (TSX VENTURE: ROS) is pleased  to announce  that it has entered  into an agreement  with Glarus  Securities  Inc.  and  Canaccord  Genuity  Corp.  (the  “Co-Lead  Agents”),  whereby  the  Co-Lead Agents will raise up to C$5,000,000 (the “Offering”) through an Offering of up to 15,625,000 shares of the Company (the “Common  Shares”) to be priced at C$0.32 per Common Share.

The proceeds raised from the Offering will be used by the Company for exploration  and development of the Company’s mineral properties and for general corporate purposes.

The  Offering  is scheduled  to close  on or about  May 27th, 2020, and  is subject  to certain  conditions including, but not limited  to, the receipt  of all necessary  approvals  of the TSX Venture Exchange.  The securities  to be issued under this Offering  will be offered by way of private placement  exemptions  in all the  provinces  of  Canada.  The  Units  to  be  issued  under  this  Offering  will  also  be  offered  offshore, including in the United Kingdom  pursuant to applicable exemptions  and in the United States on a private placement   basis  pursuant   to  exemptions   from  the  registration  requirements   of  the  United   States Securities  Act of 1933, as amended.

The securities  referred  to in this news  release  have  not been, nor will they  be, registered  under  the United  States  Securities  Act  of 1933, as amended, and  may not be  offered  or sold within  the United States  or to, or for  the account  or benefit  of, U.S. persons  absent  U.S.  registration  or an applicable exemption  from the U.S. registration  requirements. This release does not constitute  an offer for sale of, nor a solicitation for offers to buy, any securities  in the United States.  Any public offering of securities  in the United  States  must  be made  by means  of a prospectus  containing  detailed  information  about the issuer and its management, as well as financial statements.

ABOUT ROSCAN
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 Nekola 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 & CEO
nsangmuah@roscan.ca
www.roscan.ca

Neither 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.