Roscan Gold Corp. Announces C$5,000,000 Marketed Offering

TORONTO, May 05, 2020 - RosCan Gold Corp. ("Roscan" or “ROS” or the "Company") (TSX VENTURE: ROS) is pleased to announce that it has entered into an agreement with Clarus Securities Inc. and Canaccord Genuity Corp. (the “Co-Lead Agents”), whereby the Co-Lead Agents will raise up to C$5,000,000 (the “Offering”) through an Offering of up to 15,625,000 shares of the Company (the “Common Shares”) to be priced at C$0.32 per Common Share.

The proceeds raised from the Offering will be used by the Company for exploration and development of the Company’s mineral properties and for general corporate purposes.

The Offering is scheduled to close on or about May 27th, 2020, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals of the TSX Venture Exchange. The securities to be issued under this Offering will be offered by way of private placement exemptions in all the provinces of Canada. The Units to be issued under this Offering will also be offered offshore, including in the United Kingdom pursuant to applicable exemptions and in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of, nor a solicitation for offers to buy, any securities in the United States. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the issuer and its management, as well as financial statements.

About Roscan
Rosman Gold Corporation is a Canadian gold exploration company focused on the acquisition and exploration of gold properties in West Africa. The Company has assembled a significant land position of 100%-owned permits in an area of producing gold mines (including B2 Gold’s Nekola Mine which lies in a contiguous property to the west of Kandiole), and major gold deposits, located both north and south of its Kandiole Project in west Mali.

For further information, please contact:
Nana Sangmuah
President & CEO
nsangmuah@roscan.ca
www.roscan.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.