TORONTO, July 17, 2019 Roxgold Inc. ("Roxgold" or the "Company") (TSX: ROXG) (OTCQX: ROGFF) is pleased to report its 2019 second quarter ("Q2") and first half ("H1") production results from the Company's Yaramoko Gold Mine located in Burkina Faso ("Yaramoko").

Highlights:
•Produced 34,354 ounces of gold in Q2 for a total of 68,006 ounces in H1 2019
•Realized record quarterly plant throughput of 113,866 tonnes which exceeded increased nameplate capacity of 1,100 tonnes per day by approximately 14%
•Continued ramp up of production from Bagassi South with first production stopes established in Q2

John Dorward, President and CEO commented, "The first half saw a solid operating performance at Yaramoko with gold production of 68,006 ounces and we continue to remain on track to achieve our annual production guidance of between 145,000 and 155,000 ounces. The processing plant continued to outperform achieving record throughput and operating approximately 14% above nameplate capacity during the quarter. Stoping operations at Bagassi South commenced during the quarter positioning production from Yaramoko to be stronger during the second half of 2019."

Operating Summary:
At the 55 Zone, 83,829 tonnes of ore were mined at 9.3 grams per tonne ("g/t Au") and 1,509 metres ("m") of development were completed. During the quarter, approximately 76% of ore mined came from stoping activities with five open stopes available at the end of the quarter. During the quarter, decline development reached the 4862 level, approximately 460m below surface. At Bagassi South, ramp-up activities continued to progress with 26,011 tonnes of ore mined during the quarter and 1,417m of development completed. Consistent with our production guidance, Yaramoko is expected to produce stronger quarters in Q3 and Q4 due to increased stoping operations mining higher grade ore at Bagassi South.

The plant processed a record 113,866 tonnes at an average head grade of 9.0 g/t Au for the quarter. Plant availability was 97.6% and overall recovery remained high at 98.2%. The unit throughput rate through the plant has consistently increased since the completion of the Bagassi South expansion resulting in throughput rates exceeding nameplate capacity by approximately 14%.

Yaramoko Production Metrics
Q2 2019 Q1 2019 Q4 2018 Q3 2018 Q2 2018
Total Development (metres) 2,926 2,264 1,785 1,479 1,124
Ore mined (tonnes) 109,840 98,140 88,277 87,975 86,831
Ore processed (tonnes) 113,866 106,816 82,241 78,357 75,417
Head grade (g/t) 9.0 10.0 10.8 12.3 14.4
Recovery (%) 98.2 98.3 98.2 98.5 98.8
Gold ounces produced 34,354 33,652 25,844 30,532 35,828

Upcoming Catalysts
•Q3 - Séguéla development update
•Q3 – Further exploration results from Séguéla
•Q4 - Yaramoko regional exploration results
•Q4 - Results of Séguéla Preliminary Economic Assessment ("PEA")


Qualified Persons

Iain Cox, FAusIMM, Interim Chief Operating Officer for Roxgold Inc., a Qualified Person within the meaning of National Instrument 43-101, has verified and approved the technical disclosure contained in this news release.

About Roxgold

Roxgold is a Canadian-based gold mining company with assets located in West Africa. The Company owns and operates the high-grade Yaramoko Gold Mine located on the Houndé greenstone belt in Burkina Faso and is also advancing the development and exploration of the Séguéla Gold Project located in Côte d'Ivoire. Roxgold trades on the TSX under the symbol ROXG and as ROGFF on OTCQX.