Mr. Nana Sangmuah reports

ROSCAN GOLD ANNOUNCES FULLY SUBSCRIBED C$1.5 MILLION NOTE FINANCING LED BY STRATEGIC INVESTOR AND BOARD DIRECTOR MICHAEL GENTILE

Roscan Gold Corp. has entered into a binding term sheet for a fully subscribed financing of $1.5-million through the private placement of a secured convertible note of the company with a group of investors. The notes will carry a 12-per-cent coupon over a one-year term with a conversion price of 15 cents per Roscan Gold's common share. Certain management and directors have committed to participate in the private placement for a total of $1.5-million, including director and investor Michael Gentile with $700,000.

The note will be convertible, in whole or in part, at the option of the noteholder into common shares of the corporation at any time prior to the close of business on the earlier of: (a) the business day prior to the maturity date; and (b) the business day prior to any date set for the redemption or repurchase of the note in accordance with its terms. The noteholder shall receive accrued and unpaid interest on the note, paid in cash, up to, but excluding, the date of conversion. Gross proceeds from the private placement will be used for general working capital purposes.

Nana Sangmuah, president and chief executive officer of Roscan Gold, stated: "We are pleased to have this financing in place as we approach the final phase of our permitting process. Roscan is on the cusp of transitioning from an explorer to a developer, a milestone that should support a meaningful rerating."

The offering is subject to customary closing conditions and approvals of applicable securities regulatory authorities, including the TSX Venture Exchange. The grant of security shall also be subject to approval of Osisko Gold Royalties Ltd. All securities issued in connection with the private placement will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

About Roscan Gold Corp.

Roscan is a Canadian gold exploration company focused on the exploration and acquisition of gold properties in West Africa. The company has assembled a significant land position of 100-per-cent-owned permits in an area hosting producing gold mines, including B2Gold's Fekola mine, which lies on a contiguous property to the west of Kandiole, as well as major gold deposits located both north and south of its Kandiole project in west Mali.

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