Rockland seeks driller to begin drilling at Cole

Executive Summary

• Rockland Resources is advancing its gold exploration strategy at the 100%-owned Cole gold mine project in the Red Lake district, Ontario, by engaging a driller for an imminent 2,500-metre program.
• The company is repositioning its Utah beryllium assets, specifically seeking earn-in partners for the Claybank and Meteor projects, while abandoning the Beryllium Butte claims due to BLM ineligibility.
• CEO Mike England cites overwhelming interest in the historic Cole gold mines as the primary driver for focusing resources on the Red Lake project.

Key Details

• Red Lake Drilling Plan:
  • A driller is being engaged to commence drilling "imminently" at the Cole gold mine.
  • Planned drill program size: 2,500 metres.
  • Area 1 Focus: High-grade shoots identified via 3-D modeling of historic underground mine maps; historic drilling shows mineralization extends to 320 metres vertical depth and is open at depth.
  • Area 2 Focus: Historic drill hole 12 intersected 3.7 metres of high-grade gold mineralization with visible gold at a lithology contact 500 metres southwest of the mine.
  • Area 3 Focus: Vein 6, where historic sampling returned 51.5 g/t gold and 64 g/t silver over a 30-centimetre-wide vein.
• Red Lake Geological Context:
  • Property hosts over 30 gold-bearing veins and over 100 counts of visible gold on surface.
  • Recent prospecting outside the mine returned 111 g/t Au and 145 g/t Au from quartz vein No. 20 (referenced from Nov. 26, 2025 release).
  • Mineralization is shear-zone hosted quartz veins, 10 cm to 2 metres wide, with strike lengths up to 300 metres.
  • Shear zones strike approximately east-west; veins dip 65 to 75 degrees north.
• Utah Beryllium Portfolio:
  • Claybank and Meteor Projects: Management is seeking earn-in partners for both projects to leverage interest and resources.
  • Beryllium Butte Claims: Company will no longer pursue these claims. The Bureau of Land Management (BLM) has deemed the lands ineligible for mining activity.
  • Financial Impact of Beryllium Butte: Company expects a refund of all yearly fees paid to date and the return of the posted bond. No appeal will be filed.
• Management Commentary:
  • CEO Mike England stated the decision to focus on Red Lake is in the best interest of shareholders due to the success and interest in the historic Cole gold mines.

Notable Quotes

• "Given the success and overwhelming interest in the historic Cole gold mines project, we have determined it to be in the best interest of shareholders that we focus our efforts and resources in Red Lake," stated Mike England, chief executive officer of Rockland.
• "We welcome expressions of interest from entities with an interest in our beryllium properties."