Roland Commences Venezuela Mineral Rights Acquisition Program, Accesses Placer Dome's Former Las Cristinas Gold Deposit Data

Executive Summary

• Roland Mineral Enterprises Corp. launched a Venezuelan Mineral Rights Acquisition Program to target gold, silver and copper assets, leveraging a new Strategic Access Agreement with Vannessa Ventures for data and expert support on the Las Cristinas deposit.
• The company announced a non‑brokered private placement of 8 million units at $0.25 per unit, raising gross proceeds of $2 million to fund general corporate purposes; each unit includes a half warrant exercisable at $0.35 for two years.
• Roland is advancing negotiations on an option agreement to acquire an interest in the Las Crucitas gold project in Costa Rica, with expected execution within weeks.

Key Details

• Strategic Access Agreement – Grants Roland immediate access to Placer Dome’s exploration data, technical reports and Vannessa Ventures’ personnel (geologists, accountants, lawyers) for the Las Cristinas gold deposit; compensation to be negotiated based on future outcomes.
• Venezuelan Mineral Rights Acquisition Program – Focuses on acquiring exploration, development and mining interests in known Venezuelan deposits (Las Cristinas, Brisas, Albino, etc.) under the new Draft Mining Law.
• Historical Las Cristinas Resource (pre‑Roland) – Measured & Indicated: 629.383 Mt @ 1.03 g/t Au = 20.761 Moz; Inferred: 229.626 Mt @ 0.85 g/t Au = 6.276 Moz (based on 1,174 drill holes, 160,600 m).
• Private Placement – 8,000,000 units @ $0.25/unit → gross proceeds: $2,000,000. Each unit = 1 common share + ½ transferable warrant; full warrant allows purchase of one additional share at $0.35 for two years. A 7 % finder’s fee applies to a portion of the placement. Proceeds earmarked for general corporate purposes.
• Financing Conditions – Subject to acceptance for filing by the TSX Venture Exchange; non‑brokered, no underwriting fees disclosed.
• Las Crucitas Option Agreement (Costa Rica) – Ongoing negotiations to acquire an interest; expected finalization in the next several weeks.
• Qualified Person Review – Technical content approved by Dr. Bohumil (Boris) Molak, PhD, P.Geo., per NI 43‑101 standards.

Notable Quotes

“Las Cristinas is widely recognized as one of the largest undeveloped gold deposits in the world,” said Frank Garofalo, Vice‑President, Business Development.
“We are assembling a specialized team to expeditiously advance our Venezuelan Mineral Rights Acquisition Program… Accessing Placer Dome’s and Vannessa’s data accelerates Roland’s pursuit of Las Cristinas.”