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Vancouver-based Rockland Minerals Corp. (TSX-V; RL, 18.4 M shares) has positioned itself to take advantage of several important elements which could have a significantly positive impact on the company's future.

Positioning. Rockland has 2 properties, both of which are in the right metals at the right time. The company has a Gold property and a Copper-Nickel-Platinum Group Metals (PGM) property, both located within 60 kilometers of each other. Price quotes for the metals involved in their projects have been rising steadily over the past several years and now stand near or at multi-year or historic high levels as of early 2011.

Infrastructure. Rockland's Schefferville Gold Project and the Retty Lake Project are located in NE Quebec in the vicinity of the town of Schefferville which is connected by rail to the St. Lawrence Seaway center of Sept-Isles.  Other area infrastructure assets include an airport, seaplane base and hydroelectric power lines. Large iron ore mining projects are going into production in the surrounding area.  

Jurisdiction. The Province of Quebec is consistently named the one of the world's most attractive jurisdiction in the highly-regarded Fraser Institute Survey of Mining Companies.   Quebec offers explorers and developers a valuable "Tax Exploration Rebate" program.

People. Both Rockland projects have been optioned from legendary geologist Ernest D. Black, P. Eng., P. Geo., who has 55 years of experience developing mines and making discoveries. Most recently his original Peppler Lake and Lamalee Iron deposits (now owned by Consolidated Thompson Iron Mines Ltd. - takeover target at $17.25 per share) were classified as indicated and inferred resources. Mr. Black is a Senior Advisor to Rockland and large shareholder.

Results. Rockland has been quietly working away since its IPO a few months ago, and both properties have produced early results that could make 2011 a huge year for the Company. Read on…

SCHEFFERVILLE GOLD PROPERTY

The Schefferville Gold Property was only discovered in the mid-1980's through sophisticated lake-bottom geochemical surveys by the Québec government.  Gold mineralization in this area had lain hidden until that time, because its finely disseminated nature did not favour development of placer gold nuggets at the surface.  There was only one wave of serious exploration in the area, with limited drilling in 1987-1989.  Some important names like Hemlo Gold, Soquem, IOCC and Northern Dynasty took land positions, but gold values that were discovered at the surface and in the drilling did not support development at the prevailing gold price.    
Fast forward to 2010 and Rockland is starting to uncover what could be Quebec's next major gold play.   

Rockland acquired its option on the Schefferville Gold in late August, 2010 from fellow explorer Western Troy Capital Resources Inc. and quickly moved forward with first phase drilling on IP targets on the Arséne block of the property.

First phase drilling results have confirmed widespread disseminated gold mineralization. Among the highlights from recent drill programs are 2.03 meters assayed at 10.21 g/t Au at Hole No. WT09-04; 1.10 meters assayed at 9.92 g/t Au at Hole No. RL 10-17; and 1.20 meters assayed at 6.63 g/t Au, also at Hole No. RL 10-17.  These results are highly encouraging and Rockland is planning its next round of drilling on the property for 2011.

Table 1--Highest Gold Values--Rockland/Western Troy--2009-2010*

Table 2--Longest Anomalous Gold Intercepts--Rockland/Western Troy--2009-2010*

* Note: this is an area of complex structural geology.  In all cases, sample
lengths shown here are core lengths only, and not necessarily true lengths.

It is important to note that these results were obtained from near-surface drilling at depths ranging only to approximately 100 - 150 meters and this conforms with company geologists' ideas that the deposit could become amenable to bulk-tonnage exploitation from the surface.  Two files can be downloaded from the Rockland website showing graphical illustrations of the truly disseminated nature of the gold within these broad intercepts. 

"Sweet Spots"

Rockland believes that these broad envelopes of consistently anomalous gold values found in the recent drilling campaigns are pointing to the presence of a bulk mineable, disseminated gold deposit on the Arséne block.  Supporting this conclusion are the "sweet spots" of higher grade gold mineralization within these anomalous gold zones.

Rockland believes that continued exploration will expand these zones of higher grade, and that many of the low-grade envelopes discovered in the drilling are within typical cutoff grades being used worldwide for open pit gold deposits. 

Geologists indicate that gold in the project regions is found in association with sulphides in silicate iron formations which appear to be analogous with known gold-bearing iron formation of the Homestake, Jardine and Cotowayto Lake mines, with South Dakota's Homestake being the best-known, having produced 28 million ounces of gold during its long life span.  Information gleaned from the two recent drill programs indicates that mineralization is associated with strong arsenopyrite.

In his analysis of the Fall 2010 drill program, company Director George F. Sanders, P. Geo. (a Qualified Person under NI 43-101) stated, "...It is very important to emphasize that there are absolutely no quartz veins anywhere on the Schefferville Gold Project...We will develop new drill targets in a short time to chase these broad gold envelopes, and find the higher gold grades which we now know to exist."

2011 Exploration
Rockland now plans to use the spring and summer of 2011 for mapping, sampling and ground geophysics to determine further drilling targets and plans to conduct another drill program as soon as possible in 2011.

RETTY LAKE PROJECT

Retty Lake is a Copper, Nickel, Platinum Group Metals (PGMs) property in the heart of the Labrador Trough.  Company geologists believe the property has the capability for the discovery of economically important massive and disseminated Cu-Ni-PGE bearing sulphide deposits.  The reason is simple, the Retty Lake Property is on trend with 4 known adjacent Copper-Nickel-PGM lenses (known as the "Blue Lake Lenses") and the goal of Rockland is to discover additional mineralized lenses along a NW trend.

Retty Lake Cu-Ni-PGM Property and "Blue Lake" lenses.

The company completed an airborne survey over the Retty Lake property in 2010. The survey greatly enhanced Rockland's targeting along the base of the favourable middle peridotite unit -- the ore-maker at the Blue Lake cluster of Cu-Ni-PGE sulfide lenses (Blue Lake, Centre and Pogo lenses).  The100-metre helicopter flight-line spacing provided  never-before seen views of the conductors, extending along strike, from the Blue Lake
sulfide lenses onto the Rockland claims.

2011 Exploration
Rockland plans to develop a 2011 drill program to test the lower contact zone of the middle peridotite unit in the NW Retty Lake area, also located close to the Blue Lake lenses.

Retty Lake Deposit?
Under the old rules, companies weren't required to file their exploration results, but the Québec government reports that there are four main sulfide lenses comprising the Blue Lake cluster, and that each lens contains about 1 Mt of mineralized material, averaging approximately 0.5% Ni and slightly less than 1% Cu, and about 1 g/t combined Pt-Pd.  There are repeated postings of a "Retty Lake Deposit" in the Québec literature on the shore of Retty Lake, squarely within Rockland's claims, rumoured to contain over a million tonnes at similar grades.  Needless to say, this area will be Rockland's first drill target!  (These estimates are historical in nature, do not comply with NI 43-101 requirements and may not be accurate.)

Investors should be aware of  what could be a major developing story in and around Retty Lake. In late 2010, Agnico-Eagle Mines Ltd invested $1 Million in neighboring company, Western Troy Capital. The main reason behind the $1 Million investment according to the news release is the newly discovered Deborah Lake Gold-Copper property located a few kilometers east of Rockland's Retty property. This cash injection from Agnico-Eagle will translate into a lot more activity in this emerging area of Quebec's Labrador Trough.

THE BOTTOM LINE

Rockland's properties are located in an area which has shown similarities to other major deposit regions such as Malartic, Cadillac and Val d'Or.  While the Schefferville area has been under-explored for decades due to unfavorable metals prices during earlier years, that is now changing due to much more favorable recent metals prices and the potential exists for the development of an "area play" psychology.

Early analysis of recent drill programs combined with historic data at both Schefferville Gold and Retty Lake has suggested targets for future drilling programs and company geologists continue to focus on finding continuously mineralized zones, with a good possibility of discovering economic tonnages at today's metals prices.

SHARE STRUCTURE:

Issued and Outstanding:   18.4 million

MANAGEMENT

The company has assembled an experienced and knowledgeable management team which includes:

George F. Sanders, M.Sc, P.Geo, - Sr. Geologist, Director
Mr. Sanders is a member of the Association of Professional Geoscientists and Engineers of British Columbia and is a Licensed Engineering Geologist in the State of Washington. He worked for subsidiaries of Gold Fields PLC during the 1980's in Chile and Nevada, and was Exploration Manager for Canyon Resources in Argentina from 1993 to 1995. From 2004 to 2008 he occupied the positions of Director, President and CEO of Consolidated Pacific Bay Minerals, Ltd., a junior mining company listed on the TSX Venture Exchange, and led exploration programs for uranium and precious metals in Québec and Argentina. Mr. Sanders obtained his Bachelor of Science in Geological Engineering at the Colorado School of Mines in 1973 and obtained Masters of Science in Geology at that same school in 1975. He is active in the Mining and Exploration Division of the Society for Mining, Metallurgy and Exploration (SME) and also belongs to the Society of Economic Geologists (SEG) and the American Association of Petroleum Geologists (AAPG). George writes the Argentina Annual Review for the Mining Journal of London each year.

Ernest D. Black, B.Sc., M.Sc., P.Eng., Sr. Advisor
Over the last 55 years, Mr. Black has worked domestically and internationally in mining and oil and gas exploration since 1954. Approximately 40 years of his career has been spent in corporate management, consulting and project development. Mr. Black is the founder of MPH Consulting Ltd. in Toronto and MPH Consulting Inc. in Denver, Colorado. Over the years, Mr. Black has served as an Officer, Director or Technical Advisor of several Canadian and American companies and continues to actively consult for clients in the mineral industry. His extensive mining career started as a geologist with US Steel Corp's subsidiary, Quebec Cartier Mining Company (1956 to 1963) and as a Consultant from 1964 to 1970. Between 1964 and 1967 Mr. Black consulted for WGM on the Baffinland Iron deposits and Hematite Lake Deposits. In 1967, Mr. Black also consulted to Expo Iron Mines Ltd. on the Mt. Laurier iron ore mine and facilities development plan. Recently (2009) his original Peppler Lake and Lamalee Iron deposits (now owned by Consolidated Thompson Iron Mines Ltd.) were classified as having a total indicated resource of 935 million tonnes at 29.72% total Fe.

Rav Mlait, MBA -President and CEO, Director
Mr. Mlait has extensive experience in managing and raising capital for public and private companies. Mr. Mlait holds an MBA from Royal Roads University in British Columbia with a specialization in Executive Management and his BA (Economics) from Simon Fraser University and has worked with public companies listed on the TSX and TSX Venture exchange. He was Vice President of Business Development with TSX Venture listed, Pacific Bay Minerals Ltd., exploring in Argentina, Quebec and British Columbia. Prior to becoming an Officer with Pacific Bay he was a Corporate Communications Consultant for the company from 2004 to 2007.  Mr. Mlait has worked with TSX listed junior gold producer and explorer, Cusac Gold Mines Ltd.,  knowledge-management and CRM software developer, Knexa Solutions Ltd., and financial portal, Stockhouse Media Corporation.

Bryan Loree BA, CMA -CFO, Director
Mr. Loree has been CFO of Rockland since incorporation in 2008. He has been the Manager of Investor Relations for Syntaris Power Inc., a private renewable energy company focused on small hydro projects in British Columbia since 2007.  Mr. Loree has been the Business Development Officer of Nechako Minerals Corp., a private mining exploration company, since 2007 and he is the Accountant at a private construction company operating in the Lower Mainland. Mr. Loree holds a Certified Management Accountant designation, a Financial Management Diploma from the British Columbia Institute of Technology, and a BA from Simon Fraser University.  

Kanwar Herr, BA, LLB - Director
Mr. Herr has been an associate counsel at Dhinsa Law Office since 2005, focusing his practice in corporate law and civil litigation. Mr. Herr has significant experience in managing corporate affairs for private land development businesses across Canada and internationally.  Mr. Herr obtained his Bachelor of Arts in Economics from Simon Fraser University in 2000 and his Bachelor of Laws (Honors) from the University of Wolverhampton in London, England in 2002.

Brian Johnston - Director
Mr. Johnston is Senior Vice-President, with Horizons Exchange Traded Funds Inc., a provider of leveraged, inverse and actively managed Exchange Traded Funds and is responsible for business development in Western Canada since 2004. Mr. Johnston has over 10 years experience in the investment industry, many of those spent in asset management and structured product sales. He started his career as an investment advisor with Merrill Lynch and CIBC Wood Gundy, advising investors and corporations in Western Canada. 
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Leonard Melman
January 2011

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