Mr. Michael Gentile reports

MICHAEL GENTILE ANNOUNCES FILING OF EARLY WARNING REPORT RELATED TO ACQUISITION OF A PROMISSORY NOTE OF ROSCAN GOLD CORPORATION

Michael Gentile has filed an early warning report announcing the acquisition of a $300,000 principal amount secured subordinate promissory note granted by Roscan Gold Corp. in favour of Mr. Gentile. Prior to the completion of the acquisition, Mr. Gentile beneficially owned and controlled, directly or indirectly, 33,337,500 common shares in the capital of the company, 700,000 stock options, 1,575,000 restricted share units and a $250,000 principal amount secured subordinate promissory note, representing approximately 8.37 per cent of the company's issued and outstanding common shares on an undiluted basis and approximately 9.45 per cent of the company's issued and outstanding common shares on a partially diluted basis. Following the completion of the acquisition, Mr. Gentile beneficially owns and controls, directly or indirectly, an aggregate of 33,337,500 common shares, 700,000 stock options, 1,575,000 restricted share units and a $550,000 principal amount secured subordinate promissory note, representing approximately 8.37 per cent of the company's issued and outstanding common shares on an undiluted basis and approximately 10.02 per cent of the company's issued and outstanding on a partially diluted basis.

The common shares were acquired for investment purposes. Mr. Gentile has a long-term view of the investment and may acquire additional securities of the company either on the open market or through private acquisitions or sell the common shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

For further details relating to the acquisition, please see the report, a copy of which is available on SEDAR+, or by contacting Mr. Gentile at 514-591-4227.