Mr. Greg Isenor reports

ROSCAN GRADUATES TO TIER 2 OF THE TSX VENTURE EXCHANGE

Roscan Minerals Corp., effective May 30, 2017, has graduated to the TSX Venture Exchange as a Tier 2 listed issuer trading under the symbol ROS. As part of the graduation process, the company has filed its initial National Instrument 43-101 technical report on SEDAR for the gold prospective Dormaa project (described below).

The NI 43-101 technical report, completed by L.K. Mireku, PGeo, recommends a three-phase approach over a period of three years, with a total budget of $2-million, which includes a soil/termite geochemical program, 10,000 metres of air-core drilling and 10,000 metres of reverse circulation/diamond-core (RC) drilling. Exploration activity is planned as follows.

Phase 1 (approximately $300,000) consisting of:

• 1,724 soil samples;
• 215 termite mound samples;
• 3,500 metres of air-core and RC drilling.

Phase 2 (approximately $700,000) consisting of:

• 5,000 metres air-core drilling;
• 3,000 metres RC drilling.

Phase 3 (approximately $1-million) consisting of:

• 2,500 metres air-core drilling;
• 6,000 metres RC drilling.

The phase 1 recommended program is designed to efficiently delineate known high gold anomalous areas using methodologies which have proven highly successful on other West African greenstone belt discoveries. These anomalies appear to be the source of substantial unregulated artisanal mining operations surrounding the property. Phases 2 and 3 are intended to provide a more detailed understanding of the potential within these anomalies.

About the Dormaa project

The Dormaa project is an 86.44-square-kilometre gold prospective concession governed by a prospecting licence in the Brong-Ahafo regions of Ghana, West Africa. Pelangio Exploration Inc. owns a 100-per-cent interest in the Dormaa project through its indirectly held, wholly owned subsidiary, Pelangio Ahafo (G) Ltd. (Pelangio Ghana).

Roscan entered into an option and joint venture agreement with Pelangio on Nov. 7, 2016 (as further amended on Feb. 14, 2017), pursuant to which the parties established an earn-in arrangement to jointly advance Dormaa. Subject to the terms and conditions of the option, Roscan has the right to earn a 50-per-cent interest in Dormaa by: financing $2-million ($300,000 paid) of exploration expenditures and paying $160,000 ($10,000 paid) to Pelangio over a three-year period; and paying annual ground rent and mineral right fees.

Pelangio originally acquired Dormaa based on primary regional stream sediment data. Subsequently, Pelangio completed stream sediment surveys into the secondary and tertiary drainages, followed by soil sampling carried out between 2011 and 2013, under the supervision of Warren Bates, PGeo. This work resulted in the discovery of 21 significant gold-in-soil anomalies with the largest measuring up to four kilometres long and 500 metres wide.

Newly released satellite imagery indicates that substantial, unregulated artisanal and mechanized alluvial operations surrounding the property were carried out during 2014 to 2015. These alluvial operations appear to be sourced by large gold-in-soil anomalies.

Mr. Bates (APGO No. 0211) is a qualified person, as defined by NI 43-101, and has reviewed and approved the technical contents of this press release.

About Roscan Minerals Corp.

Roscan is a Canadian-based mining company focused on the exploration of gold properties in West Africa. Roscan's initial prospective gold exploration property is the Dormaa project in Ghana, whereby Roscan has an option to earn a 50-per-cent interest in a joint venture with Pelangio Exploration.

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