Mr. Mike England reports

ROCKLAND RESOURCES ANNOUNCES SALE OF WAPISTAN LITHIUM PROJECT

Rockland Resources Ltd., further to its April 20, 2023, news release, has issued all option payments and completed the acquisition of a 100-per-cent interest in the Wapistan lithium project located within the James Bay region of Quebec. Subsequent to the acquisition of the interest in the project the company has entered into an agreement with Recharge Metals Ltd. dated June 11, 2023, whereby the company will sell its interest in the project to Recharge.

"Management has determined the move to sell Wapistan is the best route for Rockland as it now allows us to focus on our flagship Lithium Butte project in Utah while being well positioned in Recharge Metals as it builds its own lithium portfolio," stated chief executive officer Mike England.

In consideration, Recharge has advanced the company $200,000 to complete the last cash payment required under the company's original option to acquire the project. Rockland will also receive a reimbursement of an additional $200,000, representing payments already made by it under the original option, as well as an additional payment of $300,000. Additionally, the company will receive five million ordinary shares in the capital of Recharge at a deemed issue price of 10 cents per share. The shares of Recharge trade on the Australian Securities Exchange under the symbol REC.

The company will also receive a deferred payment of $500,000 cash within six months of the close of the transaction and will be granted a 2-per-cent net smelter return royalty from revenue generated from production at the project, effective from the close of the transaction, of which 1 per cent can be repurchased by Recharge for the payment of $500,000 in cash to the company. This royalty is on top of and in addition to a net smelter royalty granted to Northern Superior Resources Inc. under the company's original option.

In association with the acquisition of the Wapistan project finders fees in the amount of $40,000 cash and the issuance of 1.08 million shares were paid to an arm's-length party. In association with the Recharge purchase of the Wapistan project from Rockland, finders fees in the amount of up to $100,000 cash and 500,000 Recharge shares will be paid should the purchase be fully consummated.

Recharge is at arm's length to the company.

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. In addition to the Utah lithium property, the company holds an option to acquire the Elektra claystone project concessions located in Sonora, Mexico. The company also now owns 100 per cent of 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.

We seek Safe Harbor.