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Roughrider Enters Into Letter of Intent

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February 14, 2019 / TheNewswire / Vancouver, B.C. - Roughrider Capital Corp. ("Roughrider" or the "Company") is pleased to announce that it has entered into a non-binding letter of intent ("LOI") with MOHLODI OA THABA HOLDINGS PTY LTD ("Mohlodi"), pursuant to which Roughrider can acquire up to 70% of the issued and outstanding securities of Mohlodi in exchange for staged cash payments totaling 10,000,000 South African Rand ("SAR"). Mohlodi is a private corporation located in the Kingdom of Lesotho and engaged in the medical marijuana business.

The Company can pay 3,000,000 SAR within 7 days of the execution of this letter of intent and that will complete the first staged payment of the LOI and earn the Company a 30% ownership interest in Mohlodi.

The Company will be required to pay a finder's fee of 12,000,000 common shares of Roughrider should the Company complete the full 70% acquisition of Mohlodi.

The transaction is subject to completion of due diligence by both parties. There can be no assurance that a transaction will be completed as proposed or at all. Roughrider will provide further disclosure by way of press releases and updates as such additional information becomes available.

About the Company

Roughrider Capital Corp. is an energy company that currently has stable oil production through operations in southeastern Saskatchewan. The Company is focused on adding, creating and increasing value through the acquisition and development of value-added assets in the energy sector.

ON BEHALF OF THE BOARD

Lewis Dillman

CEO and Director

Cautionary Statements regarding Forward-Looking Information:

Certain statements contained in this press release constitute forward-looking information as defined by law including without limitation Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward-looking statements"). These forward-looking statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

Copyright (c) 2019 TheNewswire - All rights reserved.

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