Rover Metals to Make Common Share Payment for Cabin Gold Project Royalty Agreement Commitment

VANCOUVER, British Columbia, March 02, 2023 (GLOBE NEWSWIRE) -- Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company”) reports that it has amended its royalty agreement on the Cabin Gold project (the “Cabin Royalty Agreement”). The Cabin Royalty Agreement is held by Silver Range Resources (TSXV: SNG)(“Silver Range”). Pursuant to the Company’s Royalty Agreement with Silver Range, the Company is required to make an advance royalty payment of $30,000 on or before March 3, 2023 (the “2023 Advance Royalty Payment”). The Company and Silver Range Resources have agreed that the 2023 Advance Royalty payment shall be settled by the issuance of common shares in the capital of Rover Metals Corp. with a deemed price of $0.091 per common share resulting in the issuance of 329,670 of common shares in the capital of Rover Metals Corp. The Toronto Venture Exchange has approved the issuance and the common shares shall bear the TSXV’s standard regulatory hold period of four months.

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