For Immediate Release. December 31, 2012, Vancouver, BC, Canada: Rockland Minerals Corp. (the "Company" or "Rockland"), (TSX.V: RL) announces that in furtherance to its , it has completed a second tranche of a non-brokered private placement financing for gross proceeds of $53,530 through the sale of (A) 535,857 flow-through units of the Company (each, a "FT Unit"), at $0.07 per FT Unit, with each FT Unit consisting of one (1) Common Share issued on a flow-through basis within the meaning of the Income Tax Act (Canada) (each, a "FT Share") and one-half of one (1/2) non-transferrable Common Share purchase warrant (each full warrant, a "Warrant"), with each whole Warrant exercisable at $0.13 into one (1) additional Common Share for a period of 24 months after the closing; and (B) through the sale of 267,000 non flow-through units of the Company (each, a "NFT Unit"), at $0.06 per NFT Unit, with each NFT Unit consisting of one (1) Common (each, a "NFT Share") and one-half of one (1/2) non-transferrable Common Share purchase warrant (each full warrant, a "Warrant"), with each whole Warrant exercisable at $0.13 into one (1) additional Common Share for a period of 24 months after the closing.  No finder's fee was paid with the second tranche.

The Company has now closed the private placement and has raised aggregate gross proceeds of $203,540 through the issuance of 2,678,857 FT Units and 267,000 NFT Units.

All of the securities issued pursuant to the second tranche will be subject to a securities law hold period of 4 months and a day ending on May 2, 2013.

Rockland intends to use the proceeds from the Private Placement for its Quebec properties and for working capital. The closing of the Private Placement is subject to approval from the TSX Venture Exchange.

On behalf of the Board of Directors
"Rav Mlait"

President and CEO
Rockland Minerals Corp.
(604)551-7831

Statements in this press release regarding the Company which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations and includes the statements with respect to the proposed Private Placement, the Closing thereof, the anticipated closing dates of the tranches and the Company's intention with respect to the use of proceeds from the Private Placement. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties such as the risk that the closing may not occur for any reason. Actual results in each case could differ materially from those currently anticipated in such statements due to factors such as: (i) the inability of the parties to consummate the Private Placement or to finalize an agency agreement for any reason; (ii) a change in market conditions; and (iii) the refusal of the TSXV to accept the proposed transaction for any reason whatsoever. Except as required by law, the Company does not intend to update any changes to such statements.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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