Rockland Resources Closes Private Placements And Acquires The Mckenzie Island Twin Break Project In The Red Lake Mining District, Ontario

(TheNewswire)

Vancouver, British Columbia, February 23, 2026 –TheNewswire - RocklandResources Ltd. (the “Company” or "Rockland")(CSE: RKL) (OTCQB: BERLF)(FSE: GB2) is pleased to provide the followingupdate on the Company’s activities.

DRILL PROGRAM

Rockland continues to drill in at its 100% owned ColeGold Mines project in the Red lake Mining District, Ontario. Theprogram is now on hole 12 with the first 5 drilled holes in at the labnow and results expected in the near future.

FINANCING CLOSING

Rockland announces that it has closed the non-brokeredprivate placements announced February 9, 2026.

The Company issued 1.375 million hard dollar units (the"Units") at a price of $0.20 per Unit for aggregate grossproceeds of $275,000. Each Unit is comprised ofone common share ("Share") and one transferable Sharepurchase warrant of the Company ("Warrant"). Each Warrantwill entitle the Subscriber to purchase one Warrant Share for a24-month period after the Closing Date at an exercise price of $0.275per share. Net proceeds of the Financing will beused to advance the Corporation's Cole Gold Mines project in RedLake, Ontario and for general working capital purposes.

The Company further announces it has closed thenon-brokered private placement of 1,000,000 flow-through shares at aprice of $0.25 per FT Share (the "FT Offering"), foraggregate gross proceeds of up to $250,000. Each flow-through unit iscomprised of one common share of the company issued on a flow-throughbasis and one-half of one common share purchase warrant issued on anon-flow-through basis. Each whole warrant shall entitle the holderthereof to acquire one common share of RKL at a price of $0.35 for aperiod of 24 months following the closing of the offering. Theflow-through shares will qualify as flow-through shares (within themeaning of Subsection 66(15) of the Income Tax Act (Canada) andSection 359.1 of the Taxation Act (Quebec).  

The FT shares will entitle the holder to receive thetax benefits applicable to flow-through shares, in accordance withprovisions of the Income Tax Act (Canada). The proceeds from the saleof the FT Units will be used to advance theCompany's Cole Gold Mines project in Red Lake.

Shares issued pursuant to the Financing will be subjectto a four-month hold period according to applicable securities lawsof Canada.

ACQUISITION

Rockland is pleased to announcethe signing of an option to acquire a 100% interest in the TwinBreak project located in the Red lake MiningDistrict, Ontario. Twin Break is a patented, high-grade–backedopportunity on McKenzie Island in the Red Lake gold district, whereRockland can quickly define drill-ready targets and systematicallypursue meaningful upside along a deep, gold-bearing corridor.

Property highlights

• Patented land package on McKenzie Island in the RedLake gold district, providing secure tenure over a proven gold-bearingsetting. 

• Documented high-grade gold at surface, including 122.5g/t Au over 0.5 m and a 161.1 g/t Au grab sample with visiblegold. 

• Drill-supported gold mineralization, highlighted byintercepts including 60.3 g/t Au over 0.69 m, confirming continuitybeyond surface showings. 

• District-scale structural upside, with the Bishop’sBreak structure reported to extend to 1,103 m depth and an identifiedparallel “Bishop’s Break–style” system, creating multiplepriority targets for follow-up work. 

CEO Mike England commented “Corridor-scale systemslike Red Lake and Campbell have delivered stacked deposits. Twin Breakis centered on a deep, continuous break with a parallel trend, backedby high-grade surface results and drilling, leaving clear room forrepeat discoveries.”

Terms of the agreement for a 100% interest call for theissuance of 250,000 shares on approval and a further payment of500,000 shares on the 12-month anniversary of the effective date. Anexisting NSR of 3.0% is applicable with 1.5% available for purchase atany time for $1,000,000.

Rockland’s disclosure of a technical or scientificnature in this news release were reviewed and approved by Donald Hoy,M. Sc., P. Geo., who serves as the Qualified Person under thedefinition of National Instrument 43-101.

About Rockland Resources Ltd.

Rockland Resources is committed to unlocking valuethrough focused mineral exploration and discovery. The company'sflagship project is the historic Cole Gold Mines project in theprolific Red Lake district of Ontario. By leveraging geologicalexpertise, disciplined exploration and strategic project development,Rockland Resources aims to deliver meaningful growth and long-termvalue to its shareholders.

On Behalf of the Board ofDirectors

Michael England, CEO & Director

For further information, pleasecontact:

Mike England
Email:  mike@engcom.ca

Neither the Canadian Stock Exchangenorits Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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