Mr. Greg Isenor of Roscan reports

ROSCAN OBTAINS RIGHT TO ASSUME OPERATORSHIP AT DORMAA PROJECT IN GHANA

Roscan Minerals Corp. has provided the following update on the company's Dormaa gold project in Ghana.

Option and joint venture agreement

The agreement made with Pelangio Exploration Inc. has been amended and restated to provide Roscan with the right to assume operatorship in the Dormaa project, upon Roscan earning its 50-per-cent interest. As previously announced on Dec. 5, 2017, the payment dates were extended to compensate for the delay in receiving approvals for a 3,000-metre drill program. To earn its interest, Roscan is now required to make the following payments:

• Finance $1.7-million in exploration expenditures, as follows:
  • $700,000 by June 5, 2018;
  • $1-million by June 5, 2019;
• Cash payments to Pelangio totalling $250,000, as follows:
  • $50,000 by June 5, 2018;
  • $200,000 by June 5, 2019.

Drill program update

As previously reported, a number of anomalous gold areas have been identified following the completion of a prospecting program and gold-in-soil geochemical surveys. A number of high-priority drill targets have been defined. A 3,000-metre reverse circulation and air-core rotary blast drill program has been designed to test these targets but continues to be delayed due to obtaining the necessary approvals. Roscan has provided Pelangio with financing for the drilling program.

Commentary

Greg Isenor, president and chief executive officer of Roscan, stated: "For Roscan in the Dormaa project area, it is important to have the option to acquire operatorship of the Dormaa gold project while still utilizing the experience and expertise of the Pelangio technical team, who has developed extensive and invaluable knowledge by working in Ghana for many years. We are pleased we were able to negotiate this change and value our excellent relationship with Pelangio."

About Roscan Minerals Corp.

Roscan Minerals is a Canadian gold exploration company focused on the acquisition of gold properties in West Africa. The company is currently exploring the promising gold potential of the early-exploration-stage Dormaa project in Ghana. Roscan is earning a 50-per-cent interest in the Dormaa project from Pelangio Exploration. In addition, Roscan is currently assembling a contiguous land package in the prolific gold prospective Birimian rocks of west Mali.

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