15:37:23 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Rover Critical Minerals Corp
Symbol ROVR
Shares Issued 52,748,338
Close 2024-04-04 C$ 0.035
Market Cap C$ 1,846,192
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Rover Critical amends Cabin, Let's Go property deals

2024-04-05 16:46 ET - News Release

Subject: For Immediate Dissemination Word Document

File: '\\swfile\EmailIn\20240405 134006 Attachment 04-1_Rover - Press Release - LGL Ext-Cabin 3rd Amend-Iridis Shares (Apr-5-2024)_v2.docx'

{03766361;1}

ROVER PROVIDES ADMINSTRATIVE UPDATE ON CONTRACTUAL OBLIGATIONS FOR ITS MINERAL RESOURCE PROPERTIES

Vancouver, British Columbia - (April 5, 2024) - Rover Critical Minerals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) ("Rover" or the "Company") is pleased to announce the re-negotiation of both: (1) the Cabin Gold project Advance Royalty Agreement; as well as, (2) the Let's Go Lithium ("LGL") project Option Agreement.

Cabin Gold Project, NT, Canada

The Company will make a common share-based payment in the amount of 1,000,000 common shares (with a deemed value of $30,000) to satisfy its 2024 advance royalty payment obligation with Silver Range Resources. The share issuance has been conditionally approved by the Toronto Venture Exchange (the "TSXV") and the shares will bear the standard four-month regulatory hold period from the date of issuance.

Let's Go Lithium Project, Nye County, NV, USA

The Company has extended a payment deadline in the underlying purchase option agreement for LGL with the vendor of the project, GenGold2, LLC, such that a USD100,000 common share-based payment has been extended to on or before January 31, 2025.

Judson Culter, CEO at Rover, states: "We continue to preserve our cash position and keep a low burn rate as we ride-out the bear market in junior mining stocks. We have tremendous relationships with all of our business partners that allow us to stay nimble, while at the same time allowing us to execute on the continued growth of the business."

Paddy Moylan, Rover's President comments: "We always ensure we have the best deals in place for our holders. The work continues."

Swiss Business Development Consultant

Further to its news release of May 26, 2023, the company has terminated its agreement with its Swiss Business Development Consultant effective March 31, 2024. Pursuant to the terms of the agreement, a final common share payment of 150,000 common shares (with a deemed value of $7,500) will be issued for the final three months of the contract. The share issuance has been conditionally approved by the TSXV. The shares will bear the standard four-month regulatory hold period from the date of issuance. The Company will continue to work with the Swiss consultant on an as-needed basis in the coming months.

About Rover Critical Minerals

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. 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 the U.S. and Canada.

You can follow Rover on its social media channels:

Twitter: https://twitter.com/rovermetals

LinkedIn: https://www.linkedin.com/company/rover-critical-minerals/mycompany/?viewAsMember=true

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.rovercriticalminerals.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) 754-2617

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, 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, 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.

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