Mr. Greg Isenor reports

ROSCAN SIGNIFICANTLY EXPANDS ITS WEST MALI KANDIOLE GOLD PROJECT WITH THE ACQUISITION OF THE NIALA AND MANKOUKE PERMITS

Roscan Minerals Corp. has entered into an option agreement with SOLF SARL to acquire a 100-per-cent interest in the 75-square-kilometre Niala permit; and a letter of intent with Minex SARL to acquire a 100-per-cent interest in the 16-square-kilometre Mankouke permit.

In addition, Roscan completed option agreements with Touba Mining SARL to acquire a 100-per-cent interest in each of the Kandiole-North and the Kandiole-West permits (refer to news releases of Jan. 18, 2018, and March 2, 2018).

Roscan's Kandiole project now consists of six permits and encompasses approximately 253 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 Iamgold's Siribaya deposit.

Roscan's initial compilation of technical information for the Kandiole project has identified several areas of immediate interest. An exploration program consisting of prospecting, mapping and sampling of the entire land position was designed with the objective of identifying areas for more detailed exploration, including drilling. Ground control for the mapping and fieldwork will utilize updated satellite photographs. This exploration program has been continuing since early April and will continue until the seasonal rains, which are expected to start in early July. Exploration results will be released as received.

The exploration team is led by Roscan's president and chief executive officer, Gregory Isenor, PGeo, who has again 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, is highly experienced, and has been very successful in working in this area and in this geological environment.

Commentary

Mr. Isenor stated: "I am extremely pleased that we have been able to acquire such a large and strategic land position in west Mali, an area we know well. I have just returned from Mali, where I visited all of the permits and many of the orpailleaur workings, and I am extremely impressed with the potential of the area. These permits have impressive potential for the discovery of large gold deposits, as demonstrated by the many producing mines, new deposits and recent discoveries in the area. This is an area where we have excellent relationships and have had great success in the past.

"Our exploration teams are in the field and doing an excellent job. Exploration to date has been positive and detailed gridding of soil and termite sampling is in progress in selected areas. Several sites of artisanal workings have also been identified and will be locations of immediate interest."

Niala option agreement

Key terms of the option agreement are:

• Pay SOLF $117,500, of which $12,500 was paid on signing and the balance of $105,000 is to be paid over a three-year period;
• Pay applicable permitting fees to the Direction Nationale de la Geological et des Mines (DNGM);
• Incur exploration expenditures of $205,000 over a three-year period;
• SOLF 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 net smelter return (equivalent to a 1-per-cent NSR) for $500,000;
• During the three-year option period, Roscan shall be responsible for maintaining the permits in good standing and performing any and all obligations required by law.

Mankouke letter of intent

Key terms of the option agreement are:

• Pay Minex $250,000, of which $40,000 was paid on signing and the balance of $210,000 is to be paid over a three-year period;
• Issue one million Roscan common shares to Minex in four equal instalments;
• Incur exploration expenditures of $205,000 over a three-year period;
• Minex shall retain a 3-per-cent NSR on all ore mined from the property;
• RosCan has the right to purchase 66.67 per cent of the NSR (equivalent to a 2-per-cent NSR) for $1-million (U.S.);
• During the three-year option period, Roscan shall be responsible for maintaining the permits in good standing and performing any and all obligations required by law.

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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