Northern Superior Announces Disposition of Rockland Shares

Northern Superior Resources Inc., a notable entity in the mining sector, disclosed the sale of 7,800,000 shares of Rockland Resources Ltd., generating C$195,000 in proceeds. This transaction took place in the open market on March 13, 2024. Before this sale, Northern Superior had a significant stake in Rockland, with ownership and control over 10,800,000 shares or approximately 15.6% of Rockland’s issued and outstanding shares. These shares were acquired through an option agreement on the Wapistan property alongside cash consideration and a Net Smelter Royalty (NSR).

Following the sale, Northern Superior's stake in Rockland has been reduced to 3,000,000 shares, which constitutes about 4.3% of Rockland's total shares. The decision to sell part of its holdings was disclosed in line with the National Instrument 62-103 requirements. Despite the recent disposition, Northern Superior remains open to further reducing its stake based on prevailing market conditions and strategic considerations. An Early Warning Report detailing this transaction will be accessible on Sedar+ under Rockland's issuer profile.