Figure 2: Longitudinal View Depicting Depth and High-Grade Continuity

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Figure 3: Cross Section Depicting the Extension to Vertical Depth - DDMan-20-77

• Drill hole DDMan-20-79 intersected one of the highest gram meters to date at Southern Mankouke. This drill hole, when coupled with previously high-grade drill holes, shows the persistent high-grade nature of the deposit. It should be noted that this hole is within the current drill area and drilled at a different azimuth of 340 as shown in the drilling plan.

• Drill hole DDMan-20-77 intersected fresh rock over an interval of 17m with high-grade gold of 3.99gpt. This hole identifies the potential of the deposit in fresh rock and drilling will continue to clearly understand the extent of the mineralization.

• Drilling will continue on the Mankouke South West (offset) area as soon as access allows, and a second drill can be moved in. Future drilling to test this area will be assisted by the air borne survey.

Figure 4: Geophysics data showing the major structure on Kandiole Project

• The structural corridor is very evident with this round of drilling and many cross cutting faults occur which indicates the extension of the mineralization. Our Technical Team has now embarked on detailed exercise of logging and re-logging of all the previous cores to better understand the deposit. It is noted that this exercise has now shown that we are intersecting more fresh rock in earlier drilling than anticipated which is very encouraging.

Geology

The gold mineralization at Mankouke South is located approximately 25km east of the Fekola mine (B2Gold Corp.). Gold mineralization in Mankouke South occurs within hydrothermally altered and sheared metasediments of the Kofi formation which include greywacke, limestone and diamictite.

Drilling has intercepted unoxidized material in at least seven holes (DDMan20-25, 41,52,54,61, and 77). These fresh rock-sulphide intercepts clearly demonstrate an association of gold with disseminated pyrite, minor arsenopyrite and hydrothermal alteration which includes sericite-silica-dolomite/ ankerite-albite-magnetite and quartz veining (mainly veinlets). The style of alteration encountered is typical of other gold deposits found in the region including Sadiola, Loulo deposits and Fekola.

The Mankouke South deposit is located within the sheared eastern limb of a fold within hydrothermally altered greywacke-diamictite-carbonate rocks directly above a footwall unit of finely banded and alternating graphitic shale and limestone referred to as the dirty limestone ('DLS'). The DLS unit is easily recognizable in the core and does not, to date, host any gold but forms a distinct footwall marker to the mineralization. The Mankouke South mineralization clearly occurs in the rock package above the DLS and has been enriched, upgraded, and concentrated by subsequent folding and shearing of the fold limbs. This deposit is therefore structurally controlled. The setting appears to be analogous to the Sadiola orebodies mined by IAMGOLD, in particular the FE open pit deposits.

Figure 5: Drill Core Photo DDMan-20-79 showing high-grade sections mineralization style of deposit

Figure 6: Drill Core Photo DDMan-20-77 showing broadly high-grade sections in Fresh Rock

Drilling Contract and Analytical Protocol

The drilling contracts were awarded to Target Drilling SARL and Geodrill who both employ multi-purpose (AC/RC/DD) rig and AC rigs at the Kandiole Project. The AC drilling is mainly focused on drilling exploration targets. Roscan applied industry-standard QA/QC procedures to the program. Certified reference materials, blanks and field duplicates are inserted at appropriate intervals.

The samples are sent for preparation to Bureau Veritas Mineral Laboratories in Bamako, Mali and assayed at their analytical facilities in Bamako and in Abidjan, Ivory Coast with fire assay with atomic absorption finish and by gravimetric finish for grades above 10gpt Au.

Table 1: Drillhole Highlights at Mankouke South (November 23rd, 2020)

Table 2: Drillhole ID Mankouke South (November 23rd, 2020)

Qualified Person (QP) and NI43-101 Disclosure

Greg Isenor, P. Geo., Executive Vice-Chairman for the Company, is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 ('NI 43-101') and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same.

About Roscan

Roscan Gold Corporation 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%-owned permits in an area of producing gold mines (including B2 Gold's Fekola 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:

Andrew J. Ramcharan, P.Eng
Executive Vice President - Corporate Development & Investor Relations
Tel: (416) 572-2295
Email: [email protected]

Greg Isenor, P.Geo
Executive Vice-Chairman
Tel: (902) 221-2329
Email: [email protected]

Forward Looking Statements

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate' and other similar words, or statements that certain events or conditions 'may' or 'will' occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

Neither the 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.

SOURCE: Roscan Gold Corporation

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