Rockland Resources Announces Proposed Share Consolidation

LC247418-1

ROCKLAND RESOURCES ANNOUNCES PROPOSED SHARE CONSOLIDATION

Vancouver, British Columbia, November 18 th, 2024, Rockland Resources Ltd. (the “Company” or

"Rockland") (CSE: RKL) announces that the Company intends to proceed with a consolidation of the

fully paid and issued common shares of the Company on the basis of one (1) post- consolidation

common share for each five (5) pre -consolidation common shares issued and outstanding (the

“Consolidation”).

The Company currently has 73,897,787 Common Shares issued and outstanding. Accordingly, once

the consolidation is effective, the Company will have approximately 14,779,557 shares issued and

outstanding, assuming there are no other changes in the issued capital of the Company.

The Company intends to also proceed with consolidating its outstanding options and warrants on a

ratio of five (5) to one (1), with the result that each consolidated option and warrant will entitle the

holder to acquire one Share at an exercise price of five (5) times its original exercise price.

The Consolidation is being proposed in order to provide the Company with increased flexibility to

seek additional financing opportunities and is subject to the approval of the Canadian Securities

Exchange (CSE). The Company will not change its name or ticker symbol as part of the Consolidation.

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.

On Behalf of the Board of Directors

Michael England, CEO & 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 management’s current

beliefs 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

LC247418-1

materially from those expected. These forward -looking statements a re 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.SEDARPLUS.CA).