Dr. Timothy Coughlin reports

ROYAL ROAD MINERALS PRESENTS EXPLORATION UPDATE FOR ITS GUINTAR-NIVERENGO-MARGARITAS GOLD PROJECT; COLOMBIA

Royal Road Minerals Ltd. has provided an exploration update for its Guintar-Niverengo-Margaritas (GNM) gold project in Antioquia department, Colombia.

The GNM title and title application areas were acquired through the company's recently completed purchase of Northern Colombia Holdings Ltd., an affiliate of AngloGold Ashanti Ltd. (see press release dated May 31, 2019).

The GNM project area comprises two title areas (Guintar and Niverengo) and one title application area (Margaritas), totalling approximately 3,280 hectares and located in the Anza municipality, 50 kilometres west of Medellin, in Colombia's Middle Cauca belt. The Guintar area is an artisanal mining district with more than 50 known historic underground adits developed on steeply dipping east-west-oriented gold mineralized vein structures.

AngloGold-Ashanti commenced work on the project area in 2015 and completed two scout drilling campaigns for a total of 5,662 metres on the Guintar and Niverengo titles. Drilling at Guintar targeted vein structures with a view to bulking out minable widths. Intersections were generally thin and low-grade with best results being GUI-DD-009, 28 metres at 0.9 gram per tonne and GUI-DD-006, 12 metres at 1.8 grams per tonne gold (not true width). Drilling at Niverengo was focused on a 2,000-by-800-metre-wide target zone, identified using ground magnetic data, IP geophysical data, soil and rock chip geochemical results. Best intersections were from drill holes 3 and 4 which were drilled from the same drill pad at 180 degrees from each other in an area of little to no outcrop (all intersections are not true width). NIV-DD-003 intersected 36 m at 1.2g/t gold from surface and drill hole NIV-DD-004 intersected 10 m at 1.6 g/t gold and 88 m at 0.9 g/t gold. Projected to surface, the two drill holes have identified a gold mineralized zone of approximately 130 m width which remains open to the east and possibly also the west-northwest. At the Margaritas project, reconnaissance work by Anglogold Ashanti has identified localized pendants of a hydrothermal breccia with gold results of up 34.9 grams per tonne gold (533 samples, minimum 0.003, average 0.2 gram per tonne gold) and elevated lead-zinc and copper.

Royal Road has completed an initial reconnaissance review of the GNM area and of drill core from Guintar and Niverengo. At Guintar and at Margaritas management believe that potential exists for bulk tonnage targets at depth (in strongly hornfelsed host rocks at Guintar and possibly associated with magnetic anomalies at Margaritas). At Niverengo, gold mineralization is hosted in pyrrhotite-pyrite-silica-calcite breccias, veins and fractures which are oriented at a high angle to bedding in a well-laminated black-grey shale sequence. Microfaults and fold-related fractures control chlorite-illite-smectite alteration implying that gold mineralization was emplaced at the same time as folding/deformation of the shale sequence. Gold mineralization correlates well with elevated silver, copper and tin.

"We are excited by the potential in the GNM area and have commenced a program of relogging and reinterpretation of geology and geophysics with a plan to commence follow-up drilling in Q4 of this year," said Tim Coughlin, Royal Road Minerals president and chief executive officer.

The information in this news release was compiled, reviewed and verified by Dr. Tim Coughlin, BSc (geology), MSc (exploration and mining), PhD (structural geology), FAusIMM, president and chief executive officer of Royal Road Minerals and a qualified person as defined by National Instrument 43-101. Royal Road Minerals employees are instructed to follow standard operating and quality assurance procedures intended to ensure that all sampling techniques and sample results meet international reporting standards.

Quality assurance and quality control

The following information was made available to the company by AngloGold Ashanti.

Sample preparation and analyses are conducted according to standard industry procedures. Rock samples are crushed, split and pulverized prior to analysis of gold by fire assay and atomic absorption and multielements by ICP-AES and ICP-MS after four-acid digestion. Stream sediment samples are sieved to minus 200 mesh and analyzed for gold by fire assay and ICP AES and multielements by ICP-AES and ICP-MS after aqua regia digestion. Analytical performance is monitored by means of certified reference materials (CRMs), coarse blanks, coarse and pulp duplicate samples. Surface samples have been prepared, for the most part, in ALS Chemex preparation lab in Colombia and analyses have been completed in ALS Chemex Lima.

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