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CSE: RKL
OTC: BERLF
FSE: GB2
Rockland Resources Ltd.

PIPESTONE BAY GOLD

Definitive Earn-In Agreement · October 2, 2026

Pipestone Bay Gold System

The agreement with Evolution significantly expands Rockland’s exploration footprint over the Pipestone Bay gold system, which includes Rockland’s 100%-owned Cole Gold Mine property, with the properties collectively situated in the western part of the Red Lake Mining district in northwestern Ontario.

Pipestone Bay Earn-In

Earn-in agreement provides Rockland with the opportunity to expand its exploration footprint at Pipestone Bay from 608 ha to approximately 3,471 ha, representing a 5.7x increase in project area.

Geological Setting

Expanded project area covers a 6.5 km by 1.5 km ultramafic-mafic intrusive complex comprising regional-scale rheological contact, strong alteration and major structural overprint.

Why This Ground Matters

The combined package is large and enables Rockland to test the Pipestone Bay gold system as one.

Gold occurs in a similar geological setting as at the Cole Gold Mines property, within major shear zones, associated with mafic and ultramafic contacts, intrusive rocks, folding and faulting.

Rockland ground in blue and Evolution option ground in gold, with historical gold occurrences, scale and coordinates.
Figure 1. Rockland ground (blue at the top) and Evolution option ground (gold), with over 30 documented historical gold occurrences across the broader Pipestone Bay area.Select the image to enlarge.

The Buried Pipestone Bay Target

A High-Priority Magnetic Anomaly

The high-priority Pipestone Bay magnetic anomaly is approximately 1,050 meters by 625 meters in plan view. It is thought to potentially be a buried felsic intrusive body, with strong hydrothermal alteration (magnetic low). There has not been any drilling to date on this structure.

Several interpreted D2 structures from the drone magnetic survey appear to intersect this anomaly, including the strike extension to the east of the Cole Gold Mine structure.

Magnetic inversion model showing the interpreted Pipestone Bay anomaly relative to Rockland and Evolution option ground, looking north.
Figure 2. Magnetic inversion model over the combined land package, showing the buried Pipestone Bay target relative to the Rockland and Evolution ground. View looking north.Select the image to enlarge.

October 2, 2026

Initial Work Program at Pipestone Bay

PHASE 1

Target Verification and Ranking

A field-based ground truthing and verification of identified mineral occurrences, followed by geological ranking for drill testing.

PHASE 2

Drill Testing

An initial drill program will encompass follow-up targets at Cole and also include high-priority targets on the Evolution Option ground.

PHASE 3

Follow-Up

Further work will be based on the results of the first two phases and Technical Committee review.

Qualified Person — October 2, 2026 News Release

Donald Hoy, P.Geo., a Qualified Person as defined by National Instrument 43-101 and a technical consultant to Rockland, has reviewed and approved the technical information in the October 2, 2026 news release.

Forward-Looking Statements — October 2, 2026

The October 2, 2026 news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.