Roughrider Exploration Signs Option Agreements to Acquire up to 80% in Saskatchewan Properties and Announces Proposed 5:1 Consolidation

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[{"type":"text","content":"VANCOUVER, BC / ACCESSWIRE / June 7, 2018 / Roughrider Exploration Limited (TSX-V: REL) (\"Roughrider\" or the \"Company\") – is pleased to announce that it has signed Option Agreements with Eagle Plains Resources Ltd. (\"Eagle Plains\") to acquire up to an 80% interest in the Brownell Lake (base metals) and Olsen (gold) exploration properties located near La Ronge Saskatchewan. No shares will be issued in connection with the option agreements. The terms of the option agreements are as follows. Brownell Lake Option Agreement Under the terms of the Brownell Lake Option Agreement, Eagle Plains will grant the Company the right to acquire up to an 80% interest in and to Brownell Lake (subject to the 2% NSR ) by making aggregate cash payments of up to $2,500,000 and incurring exploration expenditures of up to $7,000,000 over a period of up to four years as follows: To earn an initial 60% interest: Aggregate cash payments of $500,000 according to the following schedule: $25,000 on or before March 31, 2019 $50,000 ($75,000 total) on or before March 31, 2020 $125,000 ($200,000 total) on or before March 31, 2021 $300,000 ($500,000 total) on or before March 31, 2022 Aggregate exploration expenditures of $3,000,000 according to the following schedule $100,000 on or before December 31, 2018 $300,000 ($400,000 total) on or before December 31, 2019 $600,000 ($1,000,000 total) on or before December 31, 2020 -$2,000,000 ($3,000,000 total) on or before December 31, 2021 To earn an additional 20% interest (total 80%): Additional $2,000,000 cash payment $2,500,000 total) and $4,000,000 exploration expenditures ($7,000,000 total) within 2 years of the date of election to exercise the initial option Olsen Option Agreement Under the terms of the Olsen Agreement, Eagle Plains will grant the Company the right to acquire up to an 80% interest in and to the Olsen Property (subject to the 2% NSR ) by making aggregate cash payments of up to $2,500,000 and incurring exploration expenditures of up to $7,000,000 over a period of up to four years as follows: To earn an initial 60% interest: Aggregate cash payments of $500,000 according to the following schedule: $25,000 on or before March 31, 2019 $50,000 ($75,000 total) on or before March 31, 2020 $125,000 ($200,000 total) on or before March 31, 2021 $300,000 ($500,000 total) on or before March 31, 2022 Aggre...

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