Rover Metals private placement update

22 July 2019

Rover Metals is pleased to announce that it has raised CAD $390,000 under its current private placement financing. The Company sent a formal request to the Toronto Venture Exchange on Friday July 19, 2019 for approval to close the first tranche of its $0.06 Unit Financing. This email is a courtesy reminder to investors that the first closing date is nearing. It is anticipated that Rover will try to raise $800,000 under the current financing. The use of proceeds of the current financing will be to advance exploration work at the Toquima Silver and Gold project located in central Nevada, USA as well as to provide general working capital. The Company remains very optimistic about the prospect of developing a gold resource at Toquima. Additionally, Kinross' Round Mountain Mine stops producing ore in approximately six month's time (at the current run rate) bringing the development opportunity for Toquima to the forefront (Toquima is located approx. 15 miles from Round Mountain). Rover is also seeking to compliment its existing Board of Directors with the appointment of a new strategic director in the coming weeks. Cabin Lake It is anticipated that the Company will also seek a flow-through financing in Q4 to finance exploration activities at its high grade gold Cabin Lake project in the Northwest Territories of Canada.