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Rover Metals Corp (2)
Symbol	ROVR
Shares Issued	42,429,712
Close 2023-05-26	C$ 0.085
Market Cap	C$ 3,606,526
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Rover Metals hires four European marketing consultants

2023-05-26 17:57 ET - News Release

Subject: For Dissemination with Today's Date Word Document File: '\\swfile\EmailIn\20230526 142504 Attachment 05-2_Rover - Press Release - Hybrid IR K Updates - New Consultants (May-26-2023)_v2.docx' {01797652;3} ROVER METALS APPOINTS NEW CONSULTANTS Vancouver, British Columbia - (May 26, 2023) - Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) ("Rover" or the "Company") is providing a regulatory news release in regards to new additions to the Company's team of consultants. European Marketing Consultant Appointments and Stock Option Grants The Company has hired four European marketing consultants. Three of the marketing consultants are based in Germany, and one consultant is based in Switzerland (the "Marketing Consultants"). The Marketing Consultants will assist the Company with promoting its rebranding as a "Lithium" Junior Miner in the key European markets of Germany and Switzerland. Pursuant to these consulting agreements, stock option grants of 400,000 stock options with an exercise price of $0.10 under the standard terms of the Company's stock option plan (4-year life), has been awarded; and 70,000 stock options with an exercise price of $0.12 under the standard terms of the Company's stock option plan (4-year life), has been awarded. Swiss Business Development Consultant Appointment and Stock Option Grant The Company has hired a Zug, Switzerland, based consultant to provide business development consulting services in the key mining markets of England, France, Germany, and Switzerland. Our new Swiss business development consultant will spend approximately 50% of his time working for the Company. His roles and responsibilities include traveling through-out central Europe representing the Company at mining events. Pursuant to the consulting agreement, a stock option grant of 250,000 stock options with an exercise price of $0.12 under the standard terms of the Company's stock option plan (4-year life), has been awarded. The consultant will be also be paid CAD6,000 per month. The Company is seeking Toronto Venture Exchange ("TSXV") approval to pay CAD2,500 of the monthly fee through the issuance of the Company's common shares. Subject to approval by the TSXV, the monthly conversion price for the CAD2,500 monthly common shares payment shall be the greater of: (a) the 5 day VWAP for the last 5 trading days of the month; or (b) $0.05. If approved, the common shares will be issued on a quarterly basis, in the month following the end of each calendar year quarter-end. Appointment of Hybrid Financial Further to Rover's release of May 2, 2023, the Company wishes to disclose additional details of its consulting contract with Hybrid Financial. Hybrid Financial ("Hybrid") has been engaged by the Company for a twelve-month period, commencing on May 1, 2023. Hybrid roles and responsibilities include heightening market and brand awareness for Rover's pivot into lithium raw materials mining, as well as to broaden the Company's reach within the investment community. Hybrid is a sales and distribution company that actively connects issuers to the investment community across North America. Using a data driven approach, Hybrid provides its clients with comprehensive coverage of both American and Canadian markets. Hybrid Financial has offices in Toronto and Montreal. As of the date of this release, Hybrid does not have any ownership interest in the securities of the Company, nor does it hold any rights to acquire an ownership interest in the securities of the Company, through derivates such as warrants or stock options. Pursuant to the Company's contract with Hybrid, Hybrid will provide 12 months of services from May 1, 2023, through to April 30, 2024, for a monthly fee of $15,000 and a one-time capital markets advisory services fee of $90,000. The Hybrid capital markets program is meant to assist the Company with its future financing efforts as the Company will need to raise future equity financings to pay for exploration drilling and resource definition at its Let's Go Lithium project in southwest Nevada. Hybrid will make introductions to its network of retail brokers in Canada and the U.S. (no finder's fees will be paid in connections with these introductions). As of the date of this release, the Company has received conditional acceptance from the TSXV for the Hybrid agreement, subject to the dissemination of this news release. The Company plans to begin paying the monthly fee due under the Hybrid contract in June. The terms of the agreement call for the capital markets advisory fee to be paid out of the closing proceeds of the Company's next financing. However, as of the date hereof, the Company has no immediate plans for a new financing, so management is unable to comment on the timing of the capital markets advisory payment. Upcoming Fastmarkets Lithium Supply and Battery Raw Materials Conference The Fastmarkets Lithium Supply and Battery Raw Materials Americas annual event is the largest global forum for lithium and battery raw materials. It's an unmissable opportunity to access end-to-end coverage of the battery raw materials industry, including price volatility and supply chain risks, as well as battery recycling and innovations in battery chemistries. As the biggest gathering of the global battery raw materials community, there is no better chance to network with peers and connect with leaders in the industry. The jam-packed agenda covers key topics for all those involved in the production, procurement and investment in battery raw materials. Access key insights and strengthen relationships with your peers at Fastmarkets Lithium Supply and Battery Raw Materials Americas. List of Sponsorship Attendees Judson Culter, CEO at Rover Metals, states "Rover will have a booth in the exhibit hall at the Fastmarkets Las Vegas event. Management looks forward to having meaningful discussions about the EV raw materials supply-chain." 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 reverse circulation drill program at the Let's Go Lithium project. The Company has a diverse portfolio of mining resource development projects with varying exploration timelines. Its critical mineral projects include lithium, zinc, and copper. Its precious metals projects include gold and silver. The Company is exclusive to the mining jurisdictions of Canada and the U.S. You can follow Rover on its social media channels: Twitter: https://twitter.com/rovermetals LinkedIn: https://www.linkedin.com/company/rover-metals/ Facebook: https://www.facebook.com/RoverMetals/ for daily company updates and industry news, and YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber for corporate videos. Website: https://www.rovermetals.com/ ON BEHALF OF THE BOARD OF DIRECTORS "Judson Culter" Chief Executive Officer and Director For further information, please contact: Email: info@rovermetals.com Phone: +1 (778) 754-2855 Statement Regarding Forward-Looking Information This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Rover's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. There can be no assurance that such statements prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover's expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.