Rockland Resources Reports Exploration Results from the Old Timer Property, British Columbia and Options Property to Silverfish Resources Inc.

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ROCKLAND RESOURCES REPORTS EXPLORATION RESULTS FROM THE OLD

TIMER PROPERTY, BRITISH COLUMBIA AND OPTIONS PROPERTY TO

SILVERFISH RESOURCES INC.

Vancouver, British Columbia, May 12, 2022: Rockland Resources Ltd. (the "Company" or

"Rockland") (CSE: RKL) is pleased to report exploration results from its listing property, the

Old Timer Property, located in the Nelson Mining Division, southern British Columbia. Follow

up work in 2021 was limited by severe forest fires that prevented field work during much of the

summer field season. Subsequent to completing a Phase 1 exploration program in 2020/21,

Rockland has optioned the Property to Silverfish Resources.

Old Timer Property - The Old Timer Property is road-accessible and located in southern

British Columbia, approximately 17 km southeast of Nelson. The Property covers 2,020 hectares

and straddles the northeast-trending contact between Triassic to Early Jurassic Ymir Group

metasediments to the west, and Mid to Late Jurassic Nelson intrusive rocks to the east. The Old

Timer Property represents the northern-most gold occurrence in the Ymir Camp. On the

Property and elsewhere in the Ymir Camp, gold mineralization occurs in quartz-filled shear

zones, and in general, the strongest gold mineralization is in sheared and metasomatic rocks near

the Nelson intrusive contact.

Exploration results – During 2020-21, Rockland Resources Ltd. completed geological

mapping, prospecting, rock, soil and stream sediment sampling, and a drone-based magnetic

survey on the Old Timer Property. This completed the Phase 1 Exploration Program

recommended in the NI43-101 technical report filed by Rockland on December 17, 2020. Total

exploration expenditures on the Old Timer Property by Rockland to December 31, 2021 were

$186,684.

The purpose of the program was to provide a geological and structural framework for

mineralization, to visit, sample and assess known zones of mineralization, to assess the merits of

detailed soil geochemical sampling as a method for evaluating known mineralization, and to

determine if geological contacts, structures and known veins could be delineated on the basis of

magnetic signature. Leapfrog 3D modelling of the Old Timer vein was also completed using

Lidar data to accurately establish the positions and elevations of historic drill collars.

Three new zones of mineralization were identified during the 2020-21 work program. Detailed

geochemical surveys indicated that veins can be traced using this method, while drone-based

magnetics showed that magnetics provides a method for differentiating the granodiorite intrusive

from hornfelsed metasediments. Magnetic data also appears to be effective at identifying vein

structures and post-vein faults. The Idun occurrence is the most promising of the new targets

that were identified. Idun covers a strong, persistent magnetic linear feature and two parallel,

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northeast-trending structures with quartz veining. Numerous historic exploration pits are present

in the Idun area, and a rock sample from the dump of one working returned 9.8 ppm Au.

Elevated gold values were also returned from a detailed soil geochemical lines to the north and

south of the main Old Timer pit.

These preliminary results of the Phase 1 Program were encouraging, however, Rockland elected

to pursue more advanced exploration targets for gold in Red Lake, Ontario, and lithium in

Sonora, Mexico. As the Old Timer Property remains a property of merit, a decision was made

to seek potential optionees for the Old Timer Property in order for Rockland to maintain an

interest.

Silverfish Option – Rockland executed an option agreement on the Old Timer Property with

Silverfish Resources Inc. (“Silverfish Agreement”) on December 15, 2021. Under the terms of

the Silverfish Agreement, Silverfish can acquire all of Rockland’s 75% interest in the claims in

exchange for staged payments of $72,500 and 1,350,000 shares to Rockland over a 3-year period

and by incurring exploration expenditures of $1.35 million over the same period. The agreement

is subject to a 2% Net Smelter Royalty (NSR) in favour of the underlying vendor, and to a 2 km

Area of Interest.

Subsequent to the Silverfish Agreement, Silverfish filed an updated NI43-101 technical report on

the Old Timer Property that recommended a two-phase, $460,000 program to further explore the

Property. The Phase 1 program includes expanding the drone-based magnetic survey over the

remainder of the Property, plus ground follow up in several areas of interest. Phase 2 includes

diamond drilling and additional surface exploration. It is contingent on the results of the Phase 1

program.

QA/QC – During the 2021 work program, soil and rock sampling was conducted by, or under

the direct supervision of Brad Ulry. P. Geo. Samples were bagged and secured in the field and

shipped by bonded carrier directly to Activation Laboratories Ltd. (Actlabs) in Ancaster Ontario

for preparation and analysis. Actlabs is accredited under ISO/IEC 17025:2017 and ISO

9001:2015 standards. Rock samples were analyzed for 62 elements by method Ultratrace 6 (four

acid total digestion (hydrofluoric, nitric, perchloric, aqua regia)) of a 0.25 g sample split, which

is then analyzed by ICP-OES or ICP-MS, depending upon element. For samples returning over 5

g/t Au, the coarse reject fraction was reanalyzed by method 1A4 (fire assay).

Brad Ulry, P.Geo, a qualified person under National Instrument 43-101, is the qualified person

responsible for reviewing and approving the geological contents of this news release as they

pertain to the Old Timer Property.

About Rockland Resources Ltd.

Rockland is engaged in the business of acquisition and exploration of mineral properties in North

America. Rockland is exploring the Cole Gold Mines Property, Ball Township, Red Lake

Mining Division, Ontario, the Elektra Lithium Property in Sonora, Mexico, and is looking to

expand its property portfolio with additional advanced gold and lithium projects. The 568 ha

Cole Gold Mines property hosts high-grade gold mineralization in a classic Red Lake-type

structurally controlled gold environment located 30 kilometres west of the Cochenour, Campbell,

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Red Lake mine complex. The 41,818 ha Elektra Lithium project in the northern portion of the

Sonora, Mexico is contiguous and on trend with the advanced Sonora lithium project being

developed by Ganfeng Lithium Co. Ltd.

On Behalf of the Board of Directors

Dr. Richard H. Sutcliffe, P.Geo.

President and Director

For further information, please contact:

Mike England

Email: [email protected]

Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy

of this release.

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events

or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements

reflect manag ement’s current b eliefs and are based on assumptions made by and information currently available to the

Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject

to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking

statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does

not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements

made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in

Canada (available at WWW.SEDAR.COM).