Roscan Gold Corporation (TSXV:ROS) exercised its option to acquire Segando-South and Moussala-North Gold Permits in West Mali from K. L. Mining SARL and K.A Gold Mining SARL for $0.4 million on June 22, 2021. Pursuant to the option agreement signed by the parties on March 31, 2018, Roscan Gold will acquire a 100% interest in the 65 sq. km. Segando-South and the 32 sq. km. Moussala-North permits. Key terms of the option agreement are: (i) Pay the optionor $400,000, of which $40,000 was paid on signing and the balance of $360,000 is to be paid over a 3 year period; (ii) Incur exploration expenditures of $165,000 over a 3 year period; (iii) optionor shall retain a 2% Net Smelter Return (the "NSR") on all ore mined from the property. RosCan has the right to purchase 50% of the NSR for $1,200,000; and (iv) During the option period, RosCan shall be responsible for maintaining the permits in good standing and performing any and all obligations required by law. As of June 22, 2021, Roscan Gold has paid $60,000 on March 31, 2019; $120,000 on March 31, 2020; and $180,000 on March 31, 2021. Additionally, Roscan Gold has incurred $40,000 exploration expenditures in the 1st year, $60,000 exploration expenditures in the 2nd year, and $65,000 exploration expenditures in the 3rd year. The Moussala North permit was granted to the company on April 6, 2020. The Segando South permit is in the process of being cancelled and the renewal is pending.