VANCOUVER, BC / ACCESSWIRE / October 4, 2016 / Roughrider Exploration Limited (TSX-V: REL) ("Roughrider") and Kivalliq Energy
Corporation ("Kivalliq") today announced the completion of a small field program between September 22 and 29, 2016 in the Jurgen
area of the Genesis Property. A total of 187 enzyme leach soil samples, 147 biogeochemical samples and two rock samples were
collected along the Jurgen 1 and Jurgen 2 target area trend. Sampling focused on infilling enzyme leach soil samples at Jurgen 1
and expansion of the enzyme leach and biogeochemical grids to cover newly identified gravity low anomalies (see news release August
23, 2016) along the trend to the northeast.
Prospecting work within the sample grid areas using a hand held Radiation Solutions Inc. RS-121 scintillometer identified a
granitic-pegmatite boulder that recorded 20,000 counts per second ("cps") natural gamma radiation, in situ. Roughrider cautions
that scintillometer readings are not directly related to uranium grade and are only used to indicate radioactive material. Assay
results are pending.
Roughrider also announced that, effective September 30, 2016, it has given notice to Kivalliq that Roughrider will not maintain
its option on 15 of the 56 claims comprising the Genesis uranium property located in northern Saskatchewan and Manitoba. The
Genesis property is now reduced to 41 claims totalling 131,412 hectares. Notification was provided pursuant to the terms of Mining
Option Agreement between Roughrider and Kivalliq.
David W. Tupper, P.Geo., V.P. of Exploration and a Qualified Person under National Instrument 43‐101 has reviewed and approved
the technical information contained in this release.
About Roughrider Exploration Limited
Roughrider's focus is exploring the 131,412 hectare (324728 acre) Genesis uranium project located in the Wollaston-Mudjatik
geological trend extending northeast from Saskatchewan's Athabasca Basin. Roughrider has the option to earn an 85% interest in
Genesis from Kivalliq Energy Corporation.
For further information, please contact:
Scott Gibson Chief Executive Officer 604 697‐0028
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 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. Forward-looking 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.
SOURCE: Roughrider Exploration Limited