Rockland Resources Announces Debt Settlement and Stock Option Grant

Vancouver, January 7, 2025 - Rockland Resources Ltd. (CSE:RKL) has reached agreements with certain creditors to settle $172,500 of debt. The settlement involves the issuance of 3,450,000 units, priced at $0.05 per unit. Each unit includes one common share and one half-share warrant, allowing holders to purchase additional shares at $0.10 for 24 months.

The issued securities will face resale restrictions for four months plus one day, adhering to relevant securities laws. The settlement is pending regulatory and board approvals, as well as compliance with Canadian Securities Exchange requirements.

Additionally, Rockland has granted 475,000 stock options to its consultants and directors. These options are priced at $0.05 with a two-year term, under Rockland's stock option plan.