TORONTO, ONTARIO--(Marketwired - Oct. 28, 2014) - Mr. Ned Goodman is pleased to announce that GFI Investment Counsel Ltd. ("GFI"), for an account managed for the benefit of Mr. Goodman, has acquired 14,000,000 units (each, a "Unit") of Rockland Minerals Corp. ("Rockland") for $0.05 per unit, for a total subscription price of $700,000 in connection with Rockland's publicly announced non-brokered private placement of units. Each Unit is comprised of one (1) "flow-through" common share in the capital of Rockland and one-half of one (1/2) common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable to acquire one (1) common share of Rockland for an exercise price of $0.10 per share for a period of 12 months from the closing date of the Offering. Assuming the Offering is fully subscribed, Mr. Goodman will beneficially own 14,000,000 common shares of Rockland (representing 23.27% of the issued and outstanding common shares). Upon full exercise of the 7,000,000 Warrants that would be acquired pursuant to the Offering, Mr. Goodman would beneficially own 21,000,000 common shares of Rockland (representing 30.58% of the issued and outstanding common shares). The Units will be held in a discretionary account managed by GFI.

The Units will be acquired on a private placement basis pursuant to the Subscription Agreement in reliance on prospectus exemptions as set out in National Instrument 45-106 - Prospectus and Registration Exemptions.

The position in Rockland was acquired for investment purposes and may be increased or decreased in the future as considered appropriate in light of investment criteria, market conditions and other factors and in accordance with the provisions of applicable securities legislation. Rockland is listed on the TSX-V under the symbol "RL".

Further Information

Closing of the transactions contemplated in the Subscription Agreement occurred on October 28, 2014.

For further information regarding the proposed transactions contemplated by the Subscription Agreement, please go to Rockland Minerals Corp.'s profile on SEDAR at

Contact Information:

c/o GFI Investment Counsel Ltd.
2 St. Clair Avenue East, Suite 1204
Toronto, Ontario M4T 2T5
416.488.8825 / 866.955.5300
416.924.6986 (FAX)