Mr. John Dorward reports

ROXGOLD RECEIVES ENVIRONMENTAL PERMIT APPROVAL FOR THE SEGUELA GOLD PROJECT

The Ivory Coast Ministry of Environment and Sustainable Development has approved the environmental and social impact assessment (ESIA) for Roxgold Inc.'s Seguela gold project. The ESIA marks a key milestone in the permitting process and is the culmination of extensive consultations and stakeholder engagement.

"The approval of the ESIA is a major achievement for our company and brings us to the final stages of the permitting process for Seguela," commented John Dorward, president and chief executive officer. "We would like to thank the government of Cote d'Ivoire and its permitting bodies as well as our surrounding communities for the strong support they have demonstrated for the project. The Seguela project continues to be a key priority for Roxgold as the project has the potential to more than double our production profile within a short time frame and without the need for additional equity. The feasibility study remains on track for early next year and we look forward to breaking ground and continuing towards becoming West Africa's next multiasset producer."

The company's next permitting milestones at the Seguela gold project are the receipt of the exploitation (mining) permit and completion of the mining convention negotiation process. The company is continuing to advance the project toward the completion of a feasibility study early next year. Following this approval and in anticipation of a positive development decision, the company's board recently approved a budget of $1.8-million (U.S.) to initiate early works. Approved works to commence in Q4 include a front-end engineering and design study (FEED), upgrading site access through a road improvement program and some initial site works for the accommodation village. The intention of the early works activities is to enable a rapid ramp-up to full construction next year with the aim of production commencing in 2022.

                     CATALYSTS AND NEXT STEPS
Event                                                      Timing

Updated resource and reserve statement for
the Yaramoko mine complex                                 Q4 2020
Continuing infill, expansion and satellite
target drilling program at Seguela                        Q4 2020
Drilling results from Boussoura                           Q4 2020
Underground drilling program in 55 zone at
Yaramoko mine complex                                     Q4 2020
Feasibility study for Seguela                          early 2021
Formal Seguela construction decision                      H1 2021

About Roxgold Inc.

Roxgold is a Canada-based gold mining company with assets located in West Africa. The company owns and operates the high-grade Yaramoko gold mine located on the Hounde greenstone belt in Burkina Faso and is advancing the development and exploration of the Seguela gold project located in Ivory Coast.

We seek Safe Harbor.