Roughrider Acquires New Claims at Genesis; Withdraws Private Placement

VANCOUVER, BC / ACCESSWIRE / May 27, 2016 / Roughrider Exploration Limited (TSX-V: REL) (“Roughrider”) – is pleased to announce, subject to TSX exchange approval, the acquisition of Saskatchewan Mineral Dispositions MC2080, MC2081 and MC2082. These claims are located northeast of the Athabasca basin and together cover 232 hectares within the boundary of the Genesis project in the Johnson-GAP area. The claims are being purchased from an arm’s length party in exchange for the issuance of 75,000 common shares of Roughrider, and the creation of a 2% NSR on production from the area covered by the licences. The NSR may be reduced to 1% by the payment of $500,000 within six months of publishing a feasibility study incorporating the area covered by the licences. The shares issued for this acquisition will be subject to a four month hold period expiring September 30^th, 2016.

Scott Gibson, CEO explains, “We are pleased to be acquiring these claims as they fill in obvious small voids within our Genesis property. Consolidating ownership of a district makes it easier to advance a project when a discovery is made.”

Dave Tupper, VP Exploration adds, “the airborne geophysics that we have flown indicate some overlapping anomalies that we may choose to follow up in future exploration programs.”

Roughrider also reports that it has withdrawn the non-brokered private placement announced April 7, 2016.

About Roughrider Exploration Limited

Roughrider’s focus is exploring the Genesis uranium project located in the Wollaston-Mudjatik geological trend extending northeast from Saskatchewan’s Athabasca Basin. The acquisition of the recently acquired claims expands the total are of the Genesis property from 200,677 hectares to 200,909 hectares (496,456 acres). Roughrider has the option to earn an 85% interest in Genesis from Kivalliq Energy Corporation.

For further information, please contact:

Scott Gibson
Chief Executive Officer
604 697‐0028

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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION

Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans or future financial or
operating performance, constitutes “forward-looking statements.” All statements, other than statements of historical fact, are to be considered forward-looking statements.
Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by the company, are inherently
subject to significant business, economic, geological and competitive uncertainties and contingencies. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include but are not limited to: fluctuations in market prices, exploration and exploitation successes, continued availability of capital and financing, changes in national and local government legislation, taxation, controls, regulations, expropriation or nationalization of property and general political, economic, market or business conditions. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance and, therefore, readers are advised to rely on their own evaluation of such uncertainties. All of the forward-looking statements made in this press release, or incorporated by reference, are qualified by these cautionary statements. We do not assume any obligation to update any forward-looking statements.

UNITED STATES ADVISORY

The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), have been offered and
sold outside the United States to eligible investors pursuant to Regulation S promulgated under the U.S. Securities Act, and may not be offered, sold, or resold in the United States or to, or for the account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United States Securities Act) unless the securities are registered under the U.S. Securities Act, or an exemption from the registration requirements of the U.S. Securities Act is available. Hedging transactions involving the securities must not be conducted unless in accordance with the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in the state in the United States in which such offer, solicitation or sale would be unlawful.

SOURCE: Roughrider Exploration Limited

ReleaseID: 440512