Mr. Greg Isenor reports

ROSCAN ACQUIRES THE SEGANDO-SOUTH AND MOUSSALA-NORTH GOLD PERMITS IN WEST MALI FOR ITS KANDIOLE PROJECT

Roscan Minerals Corp. has entered into an option agreement with KL Mining SARL and KA Gold Mining SARL to acquire a 100-per-cent interest in the 65-square-kilometre Segando-South and the 32-square-kilometre Moussala-North permits. Previously, Roscan entered into two letter of intents with Touba Mining SARL to acquire a 100-per-cent interest in each of the Kandiole-North and the Kandiole-West permits (previously announced on Jan. 18, 2018, and March 2, 2018).

With the acquisition of these additional permits, Roscan's Kandiole project will consist of approximately 164 square kilometres of contiguous land located in the prolific gold prospective Birimian rocks of west Mali. The Kandiole project is located east of B2Gold's Fekola mine and Iamgold's, Boto and Diakha deposits and north of the Siribaya deposit. Roscan's initial compilation of technical information for the Kandiole project has identified several areas of immediate interest. Roscan is continuing its efforts to acquire further permits in this region and anticipates completing such transactions in the coming weeks.

Work program and exploration team

The initial compilation of data for the area, acquired to date, has been assessed and areas of primary interest have been identified. An exploration program consisting of prospecting, mapping and sampling of the entire land position has been designed to identify areas for more detailed exploration, including drilling. Ground control for the mapping and fieldwork will utilize updated satellite photographs. It is anticipated that Touba field crews will begin work in the coming days.

The exploration team is led by Roscan's chief executive officer, Gregory Isenor, PGeo, who has brought together his experienced West African exploration team consisting of: Jean-Marc Gagnon, PEng, MBA, with 20 years of experience in West Africa; and Touba Mining SARL. This team has worked together for almost 15 years and is highly experienced and successful in working in this area and the geological environment.

Commentary

Mr. Isenor stated: "We are building a land position in west Mali and we are extremely pleased to be back working in this area that we know well. This is an area where we have great relationships and where we have had great success in the past. These permits have impressive potential and are in an area of producing mines, new deposits and recent discoveries. In addition, we are presently negotiating to acquire additional permits in this area. The acquisition of these permits is in accordance with our stated objective of building a land position in an area having the potential for discovering large gold deposits. We are doing what we said we are going to do!"

Option agreement

Key terms of the option agreement are:

Pay the optionor $400,000 (U.S.), of which $40,000 (U.S.) was paid on signing and the balance of $360,000 (U.S.) is to be paid over a three-year period;

Incur exploration expenditures of $165,000 (U.S.) over a three-year period;

Optionor shall retain a 2-per-cent net smelter return on all ore mined from the property.

Roscan has the right to purchase 50 per cent of the NSR for $1.2-million (U.S.); during the option period, Roscan shall be responsible for maintaining the permits in good standing and performing any and all obligations required by law.

Qualified person

The technical content in this news release has been reviewed and approved by Mr. Isenor, PGeo, a qualified person as defined by National Instrument 43-101.

About Roscan Minerals Corp.

Roscan 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 Inc.

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