Mr. Ron Woo reports

ROVER RECEIVES EXCHANGE APPROVAL FOR PIRENOPOLIS GOLD PROJECT, BRAZIL

Further to its news release dated Feb. 18, 2025, Rover Critical Minerals Corp. has received TSX Venture Exchange approval to acquire up to a 100-percent interest in and to the Pirenopolis gold project.

Pursuant to the agreement with 1484902 B.C. Ltd. (148), the company will now issue five million common shares to the shareholders of 148 on a postconsolidation basis. The purchase shares are being issued subject to a three-year escrow agreement. No new control person will be created as a result of the issuance of the five million shares. The company will also make a $45,000 (U.S.) payment to 148 on or before June 30, 2025.

Solaris Geologia e Pisquisa Mineral Ltda. will retain a 2-per-cent net smelter return (NSR) royalty on any future mineral production. Rover will have the right to purchase 50 per cent of this NSR for $1-million (U.S.).

Notwithstanding the NSR, 148 or Rover will pay to the underlying optionor certain advanced royalty payments (which will be credited against future royalty payments owing), as follows:

1. $120,000 (U.S.) within 30 days of Rover announcing a resource;
2. $250,000 (U.S.) within 30 days of Rover announcing a decision to apply for a mining licence.

Pirenopolis gold project, Brazil

The Pirenopolis gold project is located in the mining-friendly state of Goias, Brazil. The project captures two stream catchments with highly anomalous gold within 25 kilometres of the village of Pirenopolis, a town founded by a late 1700s gold rush. The rush ebbed prior to the coming of industrialization and dynamite and has seen very little modern exploration. The hardrock sources of the Pirenopolis and surrounding rivers alluvial gold rush has never been found. The area occurs in the same belt as the world-class, greater-than-10-million-ounce Paracatu gold deposit operated by Kinross. The Pirenopolis gold project is classified as an organic-type target and has the following distinct features: being stratabound, hosted, friable calcareous schist with quartz veins and sericite alteration. Like Pirenopolis, the Paracatu deposit also sustained a late 1700s gold rush, with modern exploration leading to the source in the 1980s. Rover hopes to repeat the same success with this project. The Pirenopolis project is, in nature, a greenfields exploration project. A sample obtained while taking the anomalous stream sediment sample assayed 0.8 gram per tonne gold, from a quartz vein float, and is a great start to the next phase of prospecting. Government airborne geophysics shows a clear structural break cutting across the property with a potassic anomaly interpreted to be sericite. The next steps would be to soil sample that structure and map up the creeks taking numerous quartz float samples to follow them to source. Success here from a systematic sampling and mapping program would lead to an early drill program.

The area is cattle-grazing farmland, with nearby quartzite quarries, in excellent infrastructure within the power grid and is accessed by car, with Goias being the third-largest mining state in Brazil. Goias has a number of operating gold mines (Serra Grande by Anglo Ashanti, Chapada (copper-gold) by Lundin Mining, Mara Rosa by Hochschild, as examples). The company sees this opportunity as an opportunistic low-cost entry point to the country of Brazil, a nation of vast mineral wealth.

Judson Culter, director at Rover, stated: "Buddy Doyle is the prospecting geologist and property generator for the Pirenopolis gold project. Buddy has a strong record of making big discoveries, including most recently with his Brazilian gold discovery at Amarillo Gold. We're thrilled to be working with Buddy Doyle and his Brazilian team."

Mr. Doyle is an economic geologist with over 40 years of experience. Mr. Doyle has been involved in multiple discoveries and mine developments for several commodities (gold, diamonds, potash, copper and lithium). He has worked at Rio Tinto and Kennecott. He has acted as chief executive officer and vice-president of exploration for a number of junior mining companies. Highlights in his career would include leading the resource expansion at the Lihir gold project in Papua New Guinea (1985 to 1992). The Lihir gold project is now operated by Newmont. Lihir is a greater-than-50-million-ounce epithermal gold mine with a geothermal component. In 1994, he led the team that discovered the Diavik diamond mine in the Northwest Territories, Canada. He was awarded the Hugo Dummett award for excellence in diamond exploration by his peers in 2004. He founded Amarillo Gold Corp., a Brazil-focused gold exploration and development company, where he was CEO for 13 years. The main asset at Amarillo Gold, the Mara Rosa project, was sold to the Hochschild's for $180-million in 2023. The other assets of Amarillo Gold were spun out and now trade as Lavras Gold, a greater-than-$100-million company with gold exploration assets in southern Brazil. Mr. Doyle's private project generation group, Solaris, which, with his partners, has more than 100 years of experience in Latin America (mainly Brazil), is responsible for the generation and early development of the Pirenopolis gold project now under option with Rover.

Share consolidation

The share consolidation outlined in the company's Feb. 18, 2025, release is still under review with the TSX-V. An updating release will be provided once the company has received approval from the TSX-V.

Appointment of new chief executive officer

Ronald V. Woo, PEng, MBA, has been appointed as the company's new CEO, replacing Mr. Culter. Mr. Culter will remain a director of the company. Mr. Woo was most recently CEO of Gold Mountain Mining Corp. Mr. Woo's tenure with Gold Mountain Mining also included president and vice-president of permitting. Mr. Woo was previously the CEO of Bayshore Minerals Corp., and co-founder and chief operating officer of Rover Critical Minerals (formerly Rover Metals). Mr. Woo was instrumental in the permitting of Rover's Cabin gold project, located near to Yellowknife, NWT. Prior to that, Mr. Woo was the mine/project manager for Ledcor, and held the positions of technical services manager for Western Canadian Coal (2006 to 2010) and senior mine engineer for Hunter Dickinson Inc.

Mr. Woo stated: "I am excited about the upside potential of the Pirenopolis gold project, which is situated in a gold rush area that has never seen modern exploration. This presents a significant opportunity for discovering new gold deposits. The region's geology, particularly the boundary between phyllites and metavolcanics, is promising for gold exploration. Additionally, our project benefits from Brazil's favourable mining environment, including lower costs and a supportive regulatory framework. By following the gold upstream in the streams, we have the potential to discover high-grade gold deposits. Over all, our project has the potential to yield significant gold discoveries and benefit from Brazil's mining-friendly conditions."

Qualified person statement

Technical information in this news release has been reviewed and approved by David Kelsch, PGeo, a qualified person as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, and an adviser to Rover.

About Rover Critical Minerals Corp.

Rover is a publicly traded junior mining company. The company has a diverse portfolio of mining resource development projects with varying exploration timelines. Its critical-mineral projects include lithium. Its precious metals projects include gold. The company is exclusive to the mining jurisdictions of the United States and Canada.

We seek Safe Harbor.