Rockland Resources Acquires The Wapistan Lithium Project
Figure 1. Wapistan Lithium Project Location

Mike England, CEO of Rockland stated “We are extremely excited to acquire such a large land package covering one of the most promising Greenstone Belts in the James Bay Region of Quebec. Recent exploration by both Q2 Metals and Ophir Gold has shown the western part of the belt to host a number of spodumene bearing pegmatites. While Patriot Battery Metals has demonstrated the James Bay region to host the potential for a world class lithium discovery”.

Cumulative terms of the option agreement will see Rockland issue 10.8 million shares and pay $400,000 cash over a 12-month period. A 2% NSR will be granted to the vendor of which half (1%) can be purchased back by the Company for $1,000,000 at any time. 

The proposed transaction is subject to receipt of all necessary regulatory approvals, including, as applicable, approval of the Canadian Securities Exchange. A 21-day due diligence period has been granted to Rockland. The proposed transaction would be an arm's-length transaction for the company and would not constitute a fundamental change or result in a change of control of the company, within the meaning of the policies of the CSE. A finders fee will be payable.

The technical content of this news release has been reviewed and approved by François Gagnon, P. Geo., Senior Exploration Geologist for Dahrouge Geological Consulting Ltd., and Qualified Person under NI 43-101 on standards of disclosure for mineral projects.

Disclaimer
*Mineralization hosted on adjacent and/or nearby and/or geologically similar properties is not necessarily indicative of mineralization hosted on the Company’s properties.
Interra Copper Closes Business Combination with Alto Verde Copper
NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES

Today, Interra Copper Corp. (CSE:IMCX)(OTCQB:IMIMF)(FRA:3MX) ("Interra" or the "Company") announced that, further to its press releases dated March 10, 2023 and March 27, 2023, the Company has completed its business combination with Alto Verde Copper Inc. ("Alto Verde") pursuant to a business combination agreement dated March 8, 2023 between Interra, Alto Verde and 1000465623 Ontario Inc., a wholly-owned subsidiary of the Company, pursuant to which the Company has acquired all of the issued and outstanding shares in the capital of Alto Verde (the "Business Combination").

Following completion of the Business Combination, Chris Buncic and Rick Gittleman have been appointed to Interra's board of directors (the "Board"), joining the three existing Board members, Jason Nickel, David McAdam, and Scott Young. Chris Buncic has been appointed to the role of President and Chief Executive Officer of the Company and Jason Nickel has assumed the role of Chief Operating Officer of the Company. In accordance with the terms of the Business Combination, Thomas Hawkins has stepped down from the Board and remains VP, Exploration of the Company.

Chris Buncic, Director and CEO of Interra, commented, "Combining our companies is the exciting first step in executing on our plans to build a multi-jurisdictional copper-focused company and establish a significant platform for growth within the copper market. Our talented team of mining professionals, with a proven history of developing, financing and operating mines around the world over the past 20 years, is focused on elevating Interra's copper strategy, and positioning the Company to benefit from the expected drop in global copper supply in the coming decades. We look forward to advancing our projects within Chile and British Columbia, situated within two proven copper belts."

Conversion of Subscription Receipts

Pursuant to a previously announced non-brokered private placement (see the Company's news releases dated February 3, 2023 and February 10, 2023) (the "Financing") as a result of the completion of the Business Combination, 5,781,722 subscription receipts ("Subscription Receipts") of the Company have converted into 5,781,722 common shares of the Company ("Shares") and 2,890,861 common share purchase warrants (each, a "Warrant"). Each Warrant entitles the holder to acquire one Share at an exercise price of $0.75 per Share until March 31, 2026. The Warrants are subject to an acceleration provision allowing the Company to accelerate the expiration date of the Warrants with a 30 days' notice period to warrantholders in the event the Shares trade on the CSE for 10 consecutive days at a price of $1.25 or greater.

The Company received net proceeds of $2,894,874.91 from the Financing, following payment of the fees of the subscription receipt agent and taking into account interest accrued on the proceeds from the Financing closing date. The proceeds will be used to advance both the Chilean and Canadian projects of the Company and for general corporate purposes.

With the closing of the Business Combination and the conversion of the Subscription Receipts into Shares, Interra has 22,291,026 Shares outstanding on an undiluted basis.

About Interra Copper Corp.

Interra Copper Corp. is a junior exploration and development company focused on creating shareholder value through the advancements of its portfolio of highly prospective exploration assets that include the Tres Marias and Zenaida projects in Antofagasta Region of Chile, Pitbull in the Tarapaca Region of Chile, and the Thane and Chuck Creek projects in north-central British Columbia, Canada. Interra's leadership team is comprised of senior mining industry executives who have a wealth of technical and capital markets experience and a strong track record of discovering, financing, developing, and operating mining projects on a global scale. Interra Copper is committed to sustainable and responsible business activities in line with industry best practices, supportive of all stakeholders, including the local communities in which we operate. www.InterraCopperCorp.com
Rockland News-Disclaimer: Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

Interra News-Disclaimer: Cautionary Statement Regarding Forward-Looking Information: This news release contains certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, or “should” occur or be achieved. All statements, other than statements of historical fact, included herein, without limitation, statements relating business and strategic plans of the Company. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. The Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.

Rockstone Disclaimer: This announcement, the news and the referenced Rockstone reports contain forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. Rockstone Research, Zimtu Capital Corp., Interra Copper Corp. and Rockland Resources Ltd. caution investors that any forward-looking information provided herein is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Rockland Resources Ltd.’s and Interra Copper Corp.'s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through Rockland Resources Ltd.´s and Interra Copper Corp.'s profiles on SEDAR at www.sedar.com. Please read the full disclaimer within the full research report as a PDF (here) as fundamental risks and conflicts of interest exist. The author owns equity of Rockland Resources Ltd., and also holds a long position in Zimtu Capital Corp., and thus may also benefit from volume and price appreciation of those stocks. The author currently does not own any equity in Interra Copper Corp. The author is being paid by Zimtu Capital Corp., which company holds an equity position in Rockland Resources Ltd. and Interra Copper Corp., whereas the featured companies Rockland Resources Ltd. and Interra Copper Corp. pay Zimtu Capital Corp. for the preparation, publication and additional distribution of this report.