Rover Metals Closes $0.08 Unit Financing

5 September 2023

Vancouver, British Columbia – Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company”) is pleased to announce that further to its releases of July 20, 2023 and June 23, 2023, Rover has received additional orders of $120,000 for its $0.08 Unit Financing. The Company has received approval from the Toronto Venture Exchange (the “TSXV”) to close the third and final tranche of its unit financing for gross proceeds of $120,000 (the “Third Closing”). The Company will issue 1,500,000 common shares and 1,500,000 warrants. The shares and warrants issued under the Third Closing will bear the minimum four-month regulatory hold period from the date of issuance.

The Company has raised a total of $797,000 under all closings of this financing, resulting in the issuance of 9,962,500 common shares and 9,962,500 common share purchase warrants. The warrants have a useful life of 30 months and an exercise price of $0.12. Finder’s fees in the amount of $36,200 and 452,500 finder’s warrants were paid in connection with this financing. The finder’s warrants bear the same terms as the unit warrants. The financing was led by experienced lithium investors from Europe and Australia.