Rockland Resources Ltd. announced that it has completed its' due diligence and has made the initial option payments towards acquiring a 100% interest in the Wapistan Lithium Project located within the James Bay region of Quebec. The Wapistan Lithium Project is a large land package comprised of 219 claims (10,722 hectares) over two claim blocks. The property is easily accessed by all-season roads, hydro and has two nearby communities offering exploration and mining services.

The Wapistan East Property is underlain by approximately 20 kilometres of the Yasinski Group volcano-sedimentary rocks (greenstone belt). Whereas the Wapistan West property is underlain by approximately 11 kilometres of the Yasinski Group rocks. The Wapistan Project is located between 8 and 30 kilometres easterly from the lithium prospects and spodumene-bearing pegmatites of the nearby Second Quarter Metals Mia Property (QTWO - TSXV) and Ophir Gold's Radis Property (OPHR - TSXV); all which form part of the same greenstone belt.

At Mia, two notable showings include Mia Li-1 (0.47% Li2O) and Mia Li-2 (2.27% Li2O), were recently sampled by Second Quarter Metals. These occurrences of spodumene pegmatite are well documented and located within the western part of the Yasinski Lake (greenstone) Belt. Historical work in 1959 (Main Exploration Company Ltd., GM10200) within the Mia Property has mapped an approximate 8.3 km trend of pegmatite (up to 30.5 metres wide) extending in the same greenstone belt from the Mia occurrences eastward toward the Wapistan Property.

The Wapistan Project has never been explored with lithium or critical elements in mind, despite the well-positioned location. At Wapistan, a small number of pegmatites are described within the regional provincial SIGEOM database. The Company has retained Dahrouge Geological Consulting Ltd. to complete a comprehensive property-wide compilation of historical data, and a review and interpretation of high-resolution satellite photos, in order to generate exploration targets for the upcoming field season.

The proposed transaction is subject to receipt of all necessary regulatory approvals, including, as applicable, approval of the Canadian Securities Exchange. A 21-day due diligence period has been granted to Rockland. The proposed transaction would be an arm's-length transaction for the company and would not constitute a fundamental change or result in a change of control of the company, within the meaning of the policies of the CSE.

A finder's fee will be payable.