Rockland Minerals Corp. (TSX VENTURE:RL) (the "Company") is pleased to provide
the following update on the Blue Lake, Cu-Ni-PGM historic resource located in
the southern Labrador Trough, Quebec. The Blue Lake diamond drilling program is
scheduled to begin July1st under the field direction of IOS Services
Geoscientifiques and utilizing Cartwright Drilling Inc. The Company and its
selected engineering firm, Caracle Creek Consulting, have been making good
progress in compiling key data from over 550 holes drilled on the Cu-Ni-PGM
showings at Blue Lake property since 1950s. The Blue Lake sulfide deposits are
nickeliferous pyrrhotite ores, with a copper content twice that of nickel. The
historical tonnage, established in 1989, was 4.03 Mt at 0.85% Cu, 0.52% Ni and
0.84 g/t platinum and palladium. Rockland's objective is to bring this
mineralization into engineering compliance with National Instrument 43-101 in
the shortest time possible. 


The Blue Lake sulfides were discovered in 1942 by Hollinger North Shore
Exploration Ltd, part of Iron Ore Company of Canada, and the first holes were
drilled in the 1950's. Hollinger drilled 39 holes in 1967 and 37 holes in 1968,
and established the first resource for the property. La Fosse Platinum Ltd.
purchased Hollinger in 1985, and drilled an additional 400 holes. This drilling
nearly doubled the original Hollinger resource. The 1989 resource quoted above
was based on hand generated block models completed before National Instrument
43-101. The final work completed in 1989 was a 350 meter adit into the Blue Lake
#1 lens to extract a 22-ton bulk metallurgical sample. No work was done at Blue
Lake since that time, until Rockland acquired an option on the project in
November 2011. 


The underground working at Blue Lake #1 gave new insight into the nature of the
mineralization. An internal report from 1989 states: "The average grade from
channel sampling in the Blue Lake decline is about 20% higher than the Cu + Ni
grade calculated from drill core analysis. The decline also disclosed a layer of
soft chloritic, material 2"-18" thick, at the base of the massive sulphide. This
material averages 0.12 g/t Pt and 6.02 g/t Pd (compared to 0.13 g/t Pt and 1.02
g/t Pd in the massive sulfide). This layer was not suspected before the decline
was driven, as it was not recovered in the core from most of the drill holes."


This report also stated: "Most of the tonnage that has been drill-indicated to
date is within 500-feet of the surface. It is reasonable to suggest that the
reserves of massive sulphide in the Blue Lake area above the depth of 1,000-feet
could reach 10 million tons. The base metal content of the deposits discovered
in the future will probably be in the grade range of the presently known
deposits. ...The most effective way to explore for massive sulphide is to drill
fences of holes in the area where the sulphur-rich peridotite is close to the
surface and shallow dipping."


George F. Sanders, P.Geo, director and Qualified Person under NI 43-101
responsible for the technical content of the news release, states: "We're
reading the comments and recommendations of the La Fosse geologists from two
decades ago, and we're finding the next phases of drilling, underground
sampling, and metallurgical testing to be already laid out for us. The current
metals cycle of high prices will support a robust development program at Blue
Lake."


In relation to the Company's closing of a 714,286 share non-brokered Private
Placement at $0.14 on April 10, 2012. All of the securities issued pursuant to
the Private Placement are subject to a restricted period of four months and one
day from the date of Closing being August 11, 2012. In addition, 357,143 share
purchase warrants were issued in connection with the Private Placement, expiring
18 months from the date of Closing, being October 10, 2013. There was no
compensation paid with the Private Placement. 


On behalf of the Board of Directors

Rav Mlait, President and CEO

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