20080507_kentucky-loiMontreal, May 7, 2008 – Rolland Energy Inc. (TSX-V: ROE, “Rolland”) and Derby Resources LLC (“Derby”), a private company, have announced the signing of a Letter of Intent to Purchase to jointly acquire 100% ownership of the Kentucky Shale Gas Assets consisting of 22,000 acres of oil and gas leases, 9 gas wells and 6 miles gathering lines, including compressors, all located in the State of Kentucky, United States, from NAFG, LLC, a private U.S. company. The acquisition and development will be shared on a 50/50 basis between Rolland and Derby.

The acquisition is subject to due diligence and will provide for Rolland and Derby to tie-in and commence production from the 9 wells, and begin a multi-well program to exploit the properties.  The principal exploration and development target is the Devonian Shale Gas formation, which is the object of substantial exploration and development throughout the Appalachian basin in recent years.

The foregoing acquisition is expected to close with the signing of a definitive purchase agreement on or about June 20, 2008.

ABOUT ROLLAND ENERGY INC. ? www.RollandEnergy.com

Rolland Energy is a public oil and gas corporation focused on acquiring and developing oil and gas properties in North America, building shareholder value through growth.

For more information, please contact:  Michael McLellan, 514.333.9292

Forward looking statements:

Statements included herein, including those that express management’s expectations or estimates of our future performance, constitute “forward-looking statements” within the meaning of applicable securities laws.  Forward-looking statements are based on assumptions and estimates that are subject to various risks and uncertainties including but not limited to the risks disclosed under the heading “Business Risks” in the Corporation’s periodic filings with Canadian securities regulators, including most recently in its Management Discussion and Analysis for the period ended June 30, 2007 available on SEDAR. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statements.

“The TSX Venture Exchange has not reviewed this release and therefore does not accept responsibility for its adequacy or accuracy.”

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