Up Town Gold

Phase 2 Exploration Drilling Now Complete At Up Town Gold

Vancouver, British Columbia – (November 22, 2021) – Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FRA:4X0) (“Rover” or the “Company”) is pleased to announce that Phase 2 Exploration Drilling is now complete at the Up Town Gold project, NWT, Canada (60th parallel). The Company optioned a 75% interest (“Option Agreement”) in the project to Arctic Fox Minerals Corp. (“Arctic Fox”) (formerly Melius Capital Corp). Arctic Fox is seeking a public listing of its shares on the Canadian Securities Exchange (the “CSE”).

Up Town Gold Project
The Up Town Gold project is located on the outskirts of city limits of the city of Yellowknife. The Up Town Gold project is an Archean lode-gold prospect adjoining the historic 7.2 million ounces1 (0.564 ounces per tonne Au or 16 g/t Au) Giant Mine gold deposit in Yellowknife, Northwest Territories and Gold Terra Resources’ (TSXV: YGT) Yellowknife City Gold Project. The 3,227 hectare property hosts ten high-grade gold occurrences. Most work to date has been conducted at the Rod Zone and Fox South Zone. The Rod Zone was drilled to a shallow depth in the 1960’s and mined on a small scale in 1979 by previous owners. Recent historic surface sampling at the Rod Vein returned grab samples up to 318 g/t Au and channel samples up to 1.20 m @ 17.27 g/t Au2 . Drilling by Rover in 2017 at the Rod Zone returned significant gold intersections in all of three holes drilled with best results of 5.4 m @ 4.28 g/t Au including 0.9 m @ 22.10 g/t Au (Rover Metals Press Release dated October 4, 2017). At the Fox South Zone, a different style of wide, disseminated, shear zone hosted mineralization returned historic surface samples up to 30.3 g/t Au. Rover drilled the Fox South Zone in 2017 with best results of 7.1 m @ 0.62 g/t Au including 0.3 m @ 5.12 g/t Au. …

Up Town Gold P2 Drilling

ROVER METALS ANNOUNCES PHASE 2 EXPLORATION DRILLING TO COMMENCE AT UP TOWN GOLD PROJECT, NWT, CANADA

Vancouver, British Columbia – (September 14, 2021) – Rover Metals Corp. (TSXV: ROVR) (OTCQB:ROVMF) (FRA:4X0) (“Rover” or the “Company”) is pleased to announce that Phase 2 Exploration Drilling is set to commence at the Up Town Gold project, NWT, Canada (60th parallel) on September 30, 2021.The Company has optioned a 75% interest in the project to Melius Capital Corp (“Melius Capital”). Melius Capital is seeking a public listing of its shares on the Canadian Securities Exchange (the “CSE”) in Q4-2021, and expects to change its name to Artic Fox Minerals. Eligible shareholders can find more information about the Melius Capital public listing here.  To view the full press release click here.

Up Town Gold 2021 Exploration

Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (FSE:4XO) (“Rover” or the “Company”) is pleased to announce that further to its release of December 7, 2020, the Company has closed the definitive assignment agreement for the Up Town Gold Project, NT, Canada. In this news release there is also an announcment of exploration plans for 2021 for Up Town Gold. For the full copy of the news release click here.

Up Town Gold Assignment Agreement

Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (“Rover Metals” or the “Company”) is pleased to announce that it has entered into a definitive assignment agreement, dated December 4, 2020, to assign the First Option of the Up Town Gold Option Agreement (the “Up Town Assignment Agreement” or the “Agreement”). The Agreement has been entered into with Silver Range Resources Inc. (TSXV: SNG) and a private company, Melius Capital Corp (“Melius Capital”). For the full copy of the news release click here.

Up Town Gold Amending Agreement

Rover Metals Corp. (TSXV:ROVR) (OTCQB:ROVMF) (“Rover Metals” or the “Company”) is pleased to announce that it has entered into an amending agreement (the “Amending Agreement”) with Silver Range Resources Ltd. (“Silver Range”) and Panarc Resources Ltd., amending the terms of Rover’s option (the “Option Agreement”) to acquire a 100% interest in the Up Town Gold Property (the “Property”), in Yellowknife, Northwest Territories, of Canada. The Amending Agreement provides for, among other things, an extension of the timeframes within which Rover Metals must incur certain expenditures on the Property and an extension of the timeframe for the final payment required to be made by Rover Metals to Silver Range. Pursuant to the Amending Agreement, the Company has extended the deadlines needed to exercise the First Option (as defined in the Option Agreement) and acquire a 75% undivided interest in the Property as follows: the final payment of $120,000 has been extended from February 28, 2020 to March 16, 2021; and the exploration expenditures requirement of $1,250,000 has been extended from February 28, 2020 to March 16, 2021.click here

Up Town Gold Agreement

Rover Metals Corp. (TSXV: ROVR) (“Rover” or the “Company”) announces that it has entered into an agreement (the “Amending Agreement”) with Silver Range Resources Ltd. (“Silver Range”) and Panarc Resources Ltd. amending the terms of Rover’s option (the “Option Agreement”) to acquire a 100% interest in the Up Town Gold Property (the “Property”). The Amending Agreement provides for, among other things, an extension of the timeframes within which Rover must incur certain expenditures on the Property an extension of the timeframes for the amount of certain payments required to be made by Rover to Silver Range. Pursuant to the Amending Agreement, the Company must make the following payment so Silver Range in order to exercise the First Option (as defined in the Option Agreement) and acquire a 75% undivided interest in the Property: (a) $45,000 by September 9, 2018; (b) $45,000 by April 30, 2019 (payable in cash or shares at the option of Rover); and (c) $120,000 by February 2020. The Amending Agreement also provides for an amendment to the terms upon which the Company can exercise the Second Option (as defined in the Option Agreement) to acquire an additional 25% undivided interest in the Property. Rover can exercise the Second Option by issuing to Silver Range on or before September 30, 2020 the lesser of (a) 4.5% of its outstanding common shares, on a fully-diluted basis, and (b) 2,500,000 common shares. A copy of the Amending Agreement is available for viewing on the Company’s profile on the SEDAR website at www.sedar.com.

Property Financing

Rover Metals is pleased to announce a non-brokered private placement financing, the “$0.125 Unit Financing”. Proceeds of the $0.125 Unit Financing will be used to further exploration work at Up Town Gold and to start exploration work at Cabin Lake. The $0.125 Unit Financing is priced at CAD$0.125 per unit (the “Units”) and CAD$0.140 per Canadian Tax flow-through unit (the “Flow-through Units”). Each Unit is comprised of one common share and one common share purchase warrant (priced at CAD$0.25 in year one and CAD$0.50 in year two). Each Flow-through Unit is comprised of one flow-through common share and one common share purchase warrant (priced at CAD$0.28 in year one and CAD$0.56 in year two).

Up Town Gold 2017 Drill Results

Rover Metals Summer 2017 Drill Results intersect high-grade gold veins at the Up Town Gold Property. The diamond drilling program confirmed previous known mineralized zones and has expanded these mineralized zones along strike and to depth. Gold assay highlights from the Rod Zone include 3.3 meters averaging 3.73 g/t Au (including 0.3 meters of 35.00 g/t Au) where drilling intersected Archean lode veins. Highlights from the Fox South Zone include 7.1 meters averaging 0.62 g/t Au (including 0.3 meters of 5.12 g/t Au) where drilling intersected a number of shear zones. For a complete summary of the Summer 2017 drill results click here.