Vancouver, BC, December 31, 2014 - Roughrider Exploration Limited (TSX-V: REL) ("Roughrider") - is pleased to announce that it has successfully raised gross proceeds of $300,240 by way of a flow-through private placement (the "Private Placement"), subject to final acceptance by the TSX-Venture exchange.

The Private Placement consisted of the sale of 1,668,000 flow-through shares at a price of $0.18 per share. The Company paid cash finder's fees of $24,020 and issued 133,440 finder's warrants. Each of these finder's warrants entitles the holder to purchase one non flow-through common share at a price of $0.18 per common share until June 30, 2016. The proceeds of the Private Placement will be used for exploration on the Genesis Property and on Roughrider's 100%-owned Athabasca Properties as well as for general working capital purposes.

Scott Gibson, Chief Executive Officer commented "We are pleased to take advantage of the availability of flow-through funds at this time of year, and plan to put these funds to work in a focused follow-up field program to more clearly define the multiple potential drill targets on our Genesis project in northeast Saskatchewan."

All securities issued or issuable under the offering are subject to a four-month hold period expiring on May 1, 2015. Final closing of the Private Placement is subject to final acceptance by the TSX Venture Exchange.

For Further Information, please contact:

Scott Gibson
Chief Executive Officer
604 697-0028

Completion of this transaction is subject to a number of conditions, including but not limited to Exchange acceptance. The transaction cannot close until the required Exchange approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in a disclosure document of Roughrider prepared in connection with the Private Placement, any information released or received with respect to the Private Placement may not be accurate or complete and should not be relied upon. Trading in the securities of Roughrider should be considered highly speculative. The TSX Venture Exchange has in no way passed upon the merits of the proposed financing and has neither approved or disapproved the contents of this news release.

Neither the 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.

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although Roughrider believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

United States Advisory

The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), have been offered and sold outside the United States to eligible investors pursuant to Regulation S promulgated under the U.S. Securities Act, and may not be offered, sold, or resold in the United States or to, or for the account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United States Securities Act) unless the securities are registered under the U.S. Securities Act, or an exemption from the registration requirements of the U.S. Securities Act is available. Hedging transactions involving the securities must not be conducted unless in accordance with the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in the state in the United States in which such offer, solicitation or sale would be unlawful.