Mr. Judson Culter reports

EXPLORATION DRILLING STARTS AT CABIN LAKE GOLD PROJECT

After more than 30 years, exploration drilling has started at Rover Metals Corp.'s 100-per-cent-owned Cabin Lake gold project. The company has budgeted for approximately 1,100 metres of drilling, which will include confirmation drilling of historical high-grade gold drill intercepts in the Bugow Cabin Lake gold zone. The drill program is the initial step toward bringing confirming and expanding the historic Bugow historic resource estimate of 100,000 tonnes at 0.30 ounces per ton* to a National Instrument 43-101-compliant mineral resource estimate and is also a stepping stone to advancing the company's new exploration strategy for the property. Historic drill intersects reported in the Cabin Lake gold zone include DDH86-28 with 14.98 grams per tonne gold over 12.1 metres. Other high-grade gold historic intersects include holes DDH 86-13 with multiple gold intersects, including 7.74 grams per tonne gold over 1.52 metres and 6.85 grams per tonne gold over 3.04 metres and 15.77 grams per tonne gold over 6.09 metres. DDH 86-10 reported 9.53 grams per tonne gold over 0.95 metre and 12 grams per tonne gold over 8.84 metres. DDH 86-12 reported 15.77 grams per tonne gold over 8.02 metres. Rover Metals' program is designed to go back to that zone to both confirm those grades.

*As per Section 2.4 of NI 43-101, Aber Resources Ltd. reported a mineral inventory (that does not compare with the current CIM (Canadian Institute of Mining, Metallurgy and Petroleum) definitions standards mineral resource categories) of 100,000 tonnes at 0.30 ounce per ton gold at the Cabin Lake gold zone on the north limb of the folded Bugow iron formation in its 1986 and 1987 annual reports. The parameters used for the resource calculation are unknown. These results are relevant as to delineate a larger zone of gold mineralization at the Cabin Lake gold zone, but further drilling is needed to bring that up to CIM definition standards. The reader is cautioned that a qualified person has not done sufficient work to classify the historical estimates as current mineral resources and Rover Metals is not treating the historical estimates as current mineral resources.

Unit financing

As released on Sept. 4, 2020, the company has now closed the second tranche of the unit financing for gross proceeds of $349,920. Each unit comprises one common share and one common share purchase warrant. The second-tranche units were issued at six cents per unit, resulting in the issuance of 5,832,000 common shares and 5,832,000 warrants. The second-tranche warrants have an exercise price of 12 cents per warrant share, a life of two years and an acceleration clause if the company's common shares trade at 20 cents per common share for five consecutive days. The company has now raised a total of $624,920.04 from both the first and second closings of this financing. The company expects to close the remainder of the $475,079.94 left in the unit financing shortly.

Technical information in this news release has been approved by Raul Sanabria, MSc, PGeo, technical adviser and a shareholder of Rover Metals and a qualified person for the purposes of NI 43-101.

About Rover Metals Corp.

Rover Metals is a precious metal exploration company specialized in North American precious metal resources that is currently advancing the gold potential of its existing projects.

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