Rockland Resources Announces Non-Brokered Private Placement

LC247418-1

ROCKLAND RESOURCES ANNOUNCES FINANCING

Vancouver, British Columbia, November 30, 2022, Rockland Resources Ltd. (the "Company"

or "Rockland") (CSE: RKL) announces it has arranged a non-brokered private placement of

12.5 million units ("Units") at a price of $0.06 per Unit for aggregate gross proceeds of

$750,000.00 (the "Offering"). Each Unit will be comprised of one common share ("Share") and

one transferable Share purchase warrant of the Company ("Warrant"). Each whole Warrant will

entitle the Subscriber to purchase one Warrant Share for a 24-month period after the Closing

Date at an exercise price of $0.10 per share. Proceeds raised from the Offering will be used

towards exploration activities on the Company’s Utah lithium portfolio as well as general and

administrative purposes. Finders fee will be paid pursuant to this financing.

About Rockland Resources Ltd.

Rockland Resources is engaged in the business of mineral exploration and the acquisition of

mineral property assets for the benefit of its shareholders. Rockland is focused on its district

scale (41,520 acres) land position prospective for lithium in mining friendly Utah, USA. Other

assets include an option on the 41,818-hectare Elektra claystone project concessions that are

contiguous with Gangfeng Lithium’s Sonora Lithium Clay Project located in Sonora, Mexico as

well as an option to earn a 100-per-cent interest in the Cole Gold Mines property, located in Ball

township, Red Lake mining division, Ontario. The Cole Property hosts high-grade gold

mineralization in a classic Red Lake-type structurally controlled gold deposit environment.

On Behalf of the Board of Directors

Mike England

CEO 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.