Mr. Ned Goodman reports

ROCKLAND MINERALS ANNOUNCES CHANGE OF DIRECTORS AND OFFICERS AND PROPOSED DEBT SETTLEMENT

Rockland Minerals Corp. has appointed two new directors to replace two directors who have resigned. The new directors acquired significant shares of the company from the market prior to their appointment as directors.

The new directors are Ned Goodman and Douglas R. MacQuarrie, and they have been duly accepted by the existing board of Rockland.

The company also announces that it has agreed to settle obligations in the aggregate amount of $276,000 by way of the issuance of an aggregate of 5.52 million common shares in the capital of the company at a deemed price of five cents per share. The shares will be issued pursuant to settlement agreements of even date herewith entered into by the company with Ravinder Mlait, the company's former president and chief executive officer, and Bryan Loree, the company's chief financial officer, pursuant to which Mr. Mlait and Mr. Loree agreed to terminate their respective employment agreements with the company in consideration for the issuance of the settlement shares. Mr. Loree has agreed to continue to act as chief financial officer in a consulting role.

Because the shares will be issued to directors and officers of the company, the debt settlement will constitute a related-party transaction within the meaning of Multilateral Instrument 61-101. The board of directors of the company has determined that neither the value of the shares to be issued nor the aggregate debt to be settled in connection with the debt settlement will exceed 25 per cent of the company's market capitalization on the date hereof. As a result, the debt settlement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. Shares issued in connection with the debt settlement will be subject to a four-month hold period.

Completion of the debt settlement is subject to the final approval of the TSX Venture Exchange.

The company wishes to thank Mr. Mlait and Mr. Sanders for their services to the company since its incorporation and has agreed pursuant to exchange rules to extend stock options held by them for a period of one year.

We seek Safe Harbor.