Rockland Closes Financings

• Rockland Resources Ltd. closed two non-brokered financings on April 24, 2026, raising approximately $2.7 million in gross proceeds.
• The hard dollar unit offering consisted of 8,497,818 units at $0.22 per unit, including warrants exercisable at $0.30 for 36 months.
• The flow-through share offering included 3,407,502 shares at $0.255 per share, also with warrants exercisable at $0.30 for 36 months.
• Proceeds are designated to advance the Cole Gold Mines project in Red Lake, Ontario, and for general working capital.
• Shares issued are subject to a four-month hold period under Canadian securities laws.
• Finders' fees totaled approximately $81,309.75 paid in connection with the closing.

• The financing closes an upsized transaction announced on April 21, making it largely anticipated by the market rather than a surprise catalyst.
• The issue price of $0.255 (flow-through) and $0.22 (units) is below the recent trading close of $0.31, indicating a discount placement which can exert short-term downward pressure on share value due to dilution concerns.
• Capital raised ($2.7M) represents a significant scaling up from previous rounds in early 2026 ($1.2M and $500k), signaling management's confidence in the project's capital requirements for the next phase of drilling.
• The financing supports the continuation of the 5,300-metre drill program announced on April 9, which reported visible gold and new structural targets; without this capital, exploration momentum would stall.
• While positive for operational continuity, the discount to market price suggests management prioritizes liquidity over share price stability in the short term, limiting immediate upside potential.

• Company: Rockland Resources Ltd., focused on gold exploration in the Red Lake Mining District of Ontario.
• Flagship Project: Cole Gold Mines, a 100% owned historic producing property with over 30 mapped veins and visible gold occurrences.
• Project Status: Currently in active drilling phase (5,300 metres completed as of April 2026) targeting depth extension and new structural targets.
• Secondary Assets: Acquired option on Twin Break Project (Red Lake District) in February 2026; Utah beryllium assets being repositioned or sold to focus capital on gold.
• Geological Setting: Located within the Pipestone Bay Deformation Zone, a prolific host for high-grade gold mineralization similar to nearby Great Bear and Campbell deposits.