Source: DSA Corporate Services Inc.

Buccaneer Gold Provides Update

TORONTO, ONTARIO--(Marketwired - April 4, 2016) - Buccaneer Gold Corp. (TSX VENTURE:BGG) ('Buccaneer' or the 'Company') announces that the shareholder litigation commenced in the Ontario Court of Justice against the Company by Mr. M. Steele has been settled, on confidential terms. The litigation has been dismissed on consent.

Buccaneer's shareholder meeting is set for May 30, 2016 in Toronto.

About Buccaneer

Buccaneer is a mineral exploration corporation whose long-term objective is to build a diversified corporation focused on the acquisition, exploration and development of mineral properties. Additional information about Buccaneer is available on www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed this news release and neither accepts responsibility for the adequacy or accuracy of this news release.

Contact Information:

Buccaneer Gold Corp.
Peter M. Clausi
Interim Chief Executive Officer
416 890-1232
info@buccaneergold.com
www.buccaneergold.com