Coast Copper Corp. — Capital/Financing Update 2020

Feb 14, 2020

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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

NEWS RELEASE Roughrider Provides Update on Golden Triangle Property Acquisition and Financing

Vancouver, BC, February 13, 2020 -- Roughrider Exploration Limited (TSX-V: REL) ("Roughrider" or the “Company”) today provided an update, confirming that it is progressing with the acquisition of a 100% interest in the Gin, Eldorado and Bonanza properties located adjacent to Newcrest Mining and Imperial Metals Red Chris Mine in the Golden Triangle Area of northwest B.C. (collectively the “Red Chris Area Properties” or the “Properties” ) previously announced on November 8, 2019 (the “ Transaction ”). As previously disclosed, pursuant to the Transaction, Roughrider will acquire the Red Chris Area Properties for aggregate consideration of 11,000,000 Roughrider shares. Closing of the Transaction remains subject to a number of conditions including receipt of final TSX Venture Exchange (“ TSXV ”) approval following submission by the Company of all supporting materials required under TSXV Policies.

In connection with the closing of the Transaction, the Company is pleased to announce that it is increasing its announced concurrent private placement to include up to 7,625,000 common shares at a price of $0.10 per share for aggregate proceeds of up to $762,500.

Subject to the approval of the TSXV, finders’ fees may be paid in respect of subscriptions by certain arm’s length subscribers. The proceeds of the Private Placement will be used for general working capital purposes and to facilitate the closing of the Transaction.

For further information, please contact:

Scott Gibson Chief Executive Officer

Roughrider Exploration Limited

625 Howe Street, Suite 420 Vancouver, B.C. V6C 2T6, Canada P: 604-697‐0028

Completion of the Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance where applicable. The transaction cannot close until the required TSXV approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all. Trading in the securities of the Company should be considered highly speculative.

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 regarding the proposed Transaction, private placement, board and management changes, 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. Forwardlooking 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.

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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.