Roxgold Intersects 20.1 Grams per Tonne of Gold over 23.8 Metres in Step-out Drilling at Zone 55

TORONTO, Nov. 29, 2016

Highlights:

• 20.1 grams per tonne ("gpt") gold over 23.8 metres ("m") (10.6 m true width ("TW")) including 50.4 gpt gold over 7.2 m (3.2 m TW) in diamond drill hole YRM-16-DD-426 representing the deepest and widest intercept ever drilled at Yaramoko
• 5.1 gpt gold over 10.0 m (5.8 m TW) including 18.64 gpt gold over 1.8 m (1.1 m TW) in diamond drill hole YRM-16-DD-424
• 14.7 gpt gold over 1.0 m (0.6 m TW) in) in diamond drill hole YRM-16-DD-422A
• Roxgold currently has three drill rigs active on the Yaramoko concession with 2 diamond rigs at Zone 55 and 1 multi-purpose rig at Bagassi South

"We are encouraged by these initial results from the exploration program at Zone 55," stated John Dorward, President and CEO of Roxgold. "Hole YRM-16-DD-426 is the deepest hole ever drilled at the 55 Zone and intersected the widest mineralized zone ever seen on this project which is over double the average width of the orebody currently being mined."

Zone 55 Drilling

Drill results reported today account for approximately 5,300 metres of drilling from a total of 6 diamond drill holes out of the planned 15,000 metre program. The drilling program at Zone 55 is designed to target areas below the current mine envelope. The two primary goals of the program are to convert a portion of the current inferred resource to indicated status and to drill test the 55 Zone extension down plunge below the current inferred resource boundary. Results from this program continue to confirm the robustness and continuity of the 55 Zone with Hole YRM-16-DD-426 intersecting a thick zone of high grade mineralization at a vertical depth of 960 metres below surface, representing the deepest hole to ever intersect the 55 Zone.

Previous drilling in the vicinity of Hole YRM-16-DD-426 has also returned thicker than average zones of mineralization, including holes YRM-13-DD-284 and YRM-12-DD-289 which intersected 13.3 gpt gold over 11.2 m and 12.7 gpt gold over 14.2 m respectively in the 2013 drilling program.

All holes drilled into Zone 55 as part of the current program intersected the shear structure and will be incorporated in an updated resource model to be released during the first quarter of 2017.