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File: ROCKLAND - NR - Change of Directors - Shares for Debt_April 13, 2016_Final.docx





7934 Government Road, Burnaby, B.C., V5A 2E2 Phone: (604) 551-7831       Fax: 604-676-2767
info@rocklandminerals.ca rocklandminerals.ca
Rockland Minerals Announces Change of Directors and Officers and Proposed Debt Settlement
Vancouver, British Columbia, April 13, 2016 - Rockland Minerals Corp. (TSX.V: RL) (the "Company") is pleased to announ
--->ce that the Board of Directors has appointed two new directors to replace two directors who have resigned. The new dir
--->ectors 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 5,520,000 common shares in the capital of the Company at a deemed price of $0.05 per shar
--->e (the "Debt Settlement"). The shares will be issued pursuant to settlement agreements of even date herewith entered i
--->nto by the Company with Ravinder Mlait, the Company's former President and Chief Executive Officer, and Bryan Loree, t
--->he Company's Chief Financial Officer, pursuant to which Mr. Mlait and Mr. Loree agreed to terminate their respective e
--->mployment 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 "rel
--->ated party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders i
--->n Special Transactions ("MI 61-101").The board of directors of the Company has determined that neither the value of th
--->e shares to be issued nor the aggregate debt to be settled in connection with the Debt Settlement will exceed 25% of t
--->he Company's market capitalization on the date hereof. As a result, the Debt Settlement is exempt from the formal valu
--->ation and minority shareholder approval requirements of MI 61-101. Shares issued in connection with the Debt Settlemen
--->t 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 h
--->ave agreed pursuant to Exchange rules to extend stock options held by them for a period of one year.
On behalf of the Board
"Ned Goodman"
Director 
Rockland Minerals Corp.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE 
--->TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Statement Regarding Forward-Looking Information
This news release includes "forward-looking statements" under applicable Canadian securities legislation that are not 
--->historical facts. Forward-looking statements involve risks, uncertainties and other factors that could cause actual re
--->sults, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-l
--->ooking statements.  Forward-looking statements are necessarily based on a number of estimates and assumptions that, wh
--->ile considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause act
--->ual results and future events to differ materially from those expressed or implied by such forward-looking statements.
---> Such factors include, but are not limited to:  general business, economic and social uncertainties; and additional ri
--->sks set out in the Company's public documents filed on SEDAR at www.sedar.com. Although the Company believes that the 
--->assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be 
--->placed on these statements, and no assurance can be given that such events will occur in the disclosed time frames or 
--->at all. Forward-looking statements speak only as of the date of this news release, and unless required by law, the Com
--->pany disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of n
--->ew information, future events, or otherwise.