THE WOODLANDS, TEXAS — (Marketwire) — 03/23/12 — Mainland Resources Inc. (the "Company") (OTCBB: MNLU)(OTCQB: MNLUD)(FRANKFURT: 5MN)(WKN No.: A0ND6N) announces that effective at the opening of trading on March 23, 2012, Mainland Resources Inc. (the "Company") effected a reverse stock split of its authorized and issued and outstanding shares of common stock on a one new share for ten old shares basis (1:10) (the "Reverse Split"). The Reverse Split was effective