Roxgold Produces 32,812 Ounces in Second Quarter; Guidance Maintained

Roxgold Inc. (“Roxgold” or the “Company”) (TSX: ROXG) (OTCQX: ROGFF) is pleased to report its preliminary production results for the second quarter of 2020 (“Q2 2020”) from the Company’s Yaramoko Mine Complex (“Yaramoko”) located in Burkina Faso.

Highlights:

• Produced 32,812 ounces of gold at an average grade of 8.2 grams per tonne in Q2, totalling 65,192 ounces produced for the year to date
• Reported quarterly plant throughput of 1,399 tonnes per day (“tpd”) for a total of 127,309 tonnes which exceeded increased nameplate capacity of 1,100 tpd by approximately 27%
• Maintained upper end of annual gold production guidance at 120,000 and 130,000 ounces subject to existing operating conditions being maintained
• Continued operations with management and mitigation of COVID-19 with no new infections at site
• Advanced Séguéla infill and infrastructure drilling to support Feasibility Study which is on track for early 2021

“Our operations in the first half of this year have continued to operate well thanks to the foresight and rapid response of our regional teams to manage and mitigate the impacts of COVID-19 on our employees, contractors, and communities in which we operate,” said John Dorward, President and CEO. “Despite these challenges, Yaramoko continued its strong operating performance with gold production of 65,192 ounces for the first half of the year – putting the company well on its way towards achieving our annual production guidance of 120,000 to 130,000 ounces. It was pleasing to see record mined ore grade of 10.6 grams per tonne at Bagassi South with development ore grades exceeding expectations, whilst mining activities in the 55 Zone reported higher grades in newly accessed stoping areas.

Meanwhile, we are continuing to advance Séguéla towards the completion of a Feasibility Study ahead of an ultimate construction decision early next year. Drilling activities at the project ramped up in May with four rigs active as we look to build ounces through the strike and depth extension potential at Ancien, Agouti and Boulder – highlighted by recent exploration results from Séguéla which returned 7m of 28.8 g/t along strike at Ancien – followed thereafter by testing of high priority satellite deposits on our land package.”