Rockland Arranges Financing

• Financing Event: On April 10, 2026, Rockland Resources announced a non-brokered private placement of up to 4.1 million units at $0.22 per unit and flow-through shares of 2.23 million at $0.27 per share.
• Capital Raised: Targeting gross proceeds of approximately $1.5 million ($900,000 from units + $600,000 from flow-through).
• Use of Proceeds: Funds are designated to advance the Cole Gold Mines project in Red Lake, Ontario, and for general working capital.
• Warrant Terms: Units include warrants exercisable at $0.30 (36 months); Flow-through shares include warrants exercisable at $0.33 (36 months).
• Context: This follows the completion of an expanded 5,300-metre drill program on April 9, 2026, which confirmed visible gold and new vein systems.

• Capital Efficiency: The financing is priced at $0.22-$0.27, significantly higher than previous rounds in late 2025 ($0.06-$0.10). This indicates investor confidence following the positive drilling results rather than a distressed discount sale.
• Runway Extension: With cash on hand of ~$183k as of December 31, 2025, and operating burn rates exceeding $600k per quarter (Q3 2025), this capital injection extends the company's operational runway by approximately 2-3 quarters.
• Dilution Impact: The issuance of ~6.3 million new shares/warrants represents significant dilution to existing shareholders, though it is necessary to fund the exploration success.
• Market Reaction: The financing validates the project valuation post-drilling results but introduces immediate supply pressure from warrants and potential future issuances.

• Company: Rockland Resources Ltd., a junior exploration company focused on gold in the Red Lake Mining District, Ontario.
• Flagship Project: Cole Gold Mines (100% owned). A historic producing mine with over 30 mapped veins and >100 visible gold counts on surface.
• Secondary Assets: Twin Break Project (acquired Feb 2026), Wapistan Lithium Project (Quebec, optioned out), and Utah Beryllium assets (repositioning/seeking partners).
• Management: Led by CEO Michael England; recently appointed Chief Geologist Danae Voormeij and Technical Advisors Tim Twomey and Ewan Downie.