Rover Metals Announces Second Closing of its $0.08 Unit Financing

21 December 2022

Vancouver, British Columbia – (December 21, 2022) – Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company”) is pleased to announce that further to its release of November 16, 2022,  Rover has received approval from the Toronto Venture Exchange (TSXV) to close the second tranche of its $0.08 Unit Financing for gross proceeds of $202,000 (the “Second Closing”). The Company will issue 2,525,000 common shares and 2,525,000 warrants. Finders’ commissions are being paid in connection with the Second Closing in the amount of cash commissions of $3,500 and finders’ warrants of 43,750. The finder’s warrants will have an exercise price of $0.12 and a useful life of two and half (2 ½) years. The shares and warrants issued under the Second Closing will bear the minimum four-month regulatory hold period from the date of issuance.

An updating release will be provided once the Company has completed the Unit financing. The Company is raising up to $800,000 under the $0.08 Unit Financing. The Company has raised $578,000 to date on under the first two closings.

About Rover Metals

Rover is a publicly traded junior mining company that trades on the TSXV under symbol ROVR, on the OTCQB under symbol ROVMF, and on the FSE under symbol 4XO. Rover is currently focussed on the development of a claystone lithium project in southwest Nevada, USA. Plans for 2023 include a 1,200-meter reverse circulation drill program at the Let’s Go Lithium project.