Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (“ Rover ” or the “ Firm ”) is happy to announce that it’s assembly all interim milestones for a resumption of exploration drilling at its 100% owned Cabin Lake gold mission NT, Canada as quickly as this February, 2021. Additional to its launch of January 4, 2021, the Firm is on monitor to acquire an ice highway allow this winter to entry the Cabin Lake mission immediately off Freeway NT3, on the city of Behchoko. Ice highway entry to the property will materially lower the Firm’s exploration prices.

About the Cabin Lake Gold P r operty
On September 8, 2020, Rover kicked-off its first exploration drilling program on the Cabin Lake Gold Property. The exploration program included each affirmation and growth drilling of historic excessive grade gold drill intercepts within the Bugow “Cabin Lake Gold Zone.” Rover’s growth drilling included the invention of what it believes to be a main gold bearing ore shoot on the Cabin Lake Gold Zone (see Determine 1 under). As launched on November 24, 2020 , drill gap CL-20-08 intersected 32 meters of steady gold averaging 13.6 grams per ton Au . The importance of gap CL-20-08 is that financial gold grades begin at simply 17.5 meters from floor, and the outlet has recognized a northwest pattern and plunge at depth, of the gold mineralization within the ore shoot zone. Gap CL-20-08 additionally intersected and confirmed historic holes DDH86-12 (15.77 g/t Au over 8.02m) and DDH86-28 (11.74 g/t Au over 16.0m).

Figure 1 – Drill Pl a n View Featuring Ore Shoot

Rover’s September 2020 drill program was the preliminary step in the direction of confirming and increasing the historic 100,000 tons at 0.30 Oz/ton Au* Bugow historic useful resource estimate in the direction of a NI 43-101 compliant mineral useful resource estimate. Historic drill intersects reported within the Bugow Cabin Lake Gold Zone additionally embrace reported holes DDH 86-13 of 14.23 g/t Au over 6.1m; and DDH 86-10 with 10.84 g/t Au over 10.0m. Beginning in February 2021, the Firm plans to drill the Cabin Lake Gold Zone ore shoot at depth, in addition to a number of different brownfields targets that exist alongside the Bugow Iron Formation (for instance, the Andrew North Zone, the Andrew South Zone, and the Beaver Zone – all a part of the Cabin Lake Property). The Firm at the moment has recognized no less than 12 targets as potential new ore shoot discoveries on the property.

(*) As per Part 2.4 of NI 43-101, Aber Assets Ltd. reported a mineral stock (that doesn’t examine to the present CIM Definitions Requirements mineral useful resource classes) of 100,000 tons at 0.30 ounces per ton gold on the Cabin Lake Gold zone on the north limb of the folded Bugow Iron Formation of their 1986 and 1987 annual reviews. The parameters used for the useful resource calculation are unknown. These outcomes are related as to delineate a bigger zone of gold mineralization on the Cabin Lake Gold Zone, however additional drilling is required to carry that as much as CIM Definition Requirements. The reader is cautioned {that a} Certified Particular person has not achieved ample work to categorise the historic estimates as present mineral sources and Rover Metals will not be treating the historic estimates as present mineral sources.

$0.10 Unit Financing
Additional to its releases of January 6, 2021, asserting a non-brokered $0.10 Unit Financing, Rover has now closed the First tranche of the $0.10 Unit Financing for gross proceeds of $1,007,500 (the “First Models”). Every unit is comprised of 1 frequent share and one frequent share buy warrant (the “First Warrants”). The First Models have been issued at $0.10 per unit, ensuing within the issuance of 10,075,000 frequent shares and 10,075,000 warrants. The First Warrants have an train worth of $0.15 per warrant share, and a lifetime of two years. Finders’ fee warrants are anticipated to be issued on sure monies raised, upon last closing of the $0.10 Unit Financing, as soon as TSXV approval has been obtained. The models will bear the minimal 4 month regulatory maintain interval from the date of issuance. Using proceeds of the primary closing shall be to finance exploration planning, winter exploration mobilization, winter drilling, and dealing capital for normal and administrative bills.

Technical data on this information launch has been permitted by Raul Sanabria, M.Sc., P.Geo., Technical Advisor and shareholder of Rover Metals Corp. and a Certified Particular person for the needs of Nationwide Instrument 43-101.

About Rover Metals
Rover is a valuable metals exploration firm specialised in North American valuable steel sources, that’s at the moment advancing the gold potential of its current initiatives.

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Web site: https://www.rovermetals.com/

ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Govt Officer and Director
For additional data, please contact:
Judson Culter
E-mail: judson@rovermetals.com
Cellphone: (604) 449-5347

Assertion Relating to Ahead-Trying Info

This information launch accommodates statements that represent “forward-looking statements.” Such forward-looking statements contain recognized and unknown dangers, uncertainties and different elements which will trigger Rover’s precise outcomes, efficiency or achievements, or developments within the business to vary materially from the anticipated outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Ahead-looking statements are statements that aren’t historic details and are usually, however not all the time, recognized by the phrases “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “initiatives,” “potential” and comparable expressions, or that occasions or situations “will,” “would,” “could,” “might” or “ought to” happen. There will be no assurance that such statements will show to be correct. Precise outcomes and future occasions might differ materially from these anticipated in such statements, and readers are cautioned to not place undue reliance on these forward-looking statements. Any issue might trigger precise outcomes to vary materially from Rover’s expectations. Rover undertakes no obligation to replace these forward-looking statements within the occasion that administration’s beliefs, estimates or opinions, or different elements, ought to 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.

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