Let’s Go Lithium, Nevada, USA

Rover Critical Minerals, through the vendor of the project, and through ALS Laboratories, has verified high-grade lithium surface samples at the project. Highlights of these surface grab samples processed by ALS Laboratories include: Sample# AMZ-8 of 780ppm Li, Sample# AMZ-26 of 910ppm Li, and Sample# AMZ-28 of 710ppm Li. The Company has pulled additional surface grab samples from the project and analysed them with a Handheld Laser Induced Breakdown Spectroscopy (“HH LIBS”). Highlights of the HH LIBS include: 1,218 ppm Li, 778 ppm Li, 724 ppm Li, and 707 ppm Li.

Based on the results of its surface sampling campaign, the Company has outlined a Sonic Drill discovery drill program. The Sonic Drill program is currently under permitting with the Nevada Bureau of Land Management.

The Let’s Go Lithium (“LGL”) project includes green energy infrastructure of hydropower lines, direct road access, and a nearby town with a readily available workforce. LGL is located within the prolific southwest lithium jurisdiction in Nevada, USA (see location map below), which is also home to the only producing lithium mine in North America – Albemarle’s (NYSE:ALB) Silver Peak lithium mine – as well as Tesla’s (NASDAQ:TSLA) Giga factory.

Later-stage comparable claystone lithium projects include Cypress Development’s (TSXV:CYP) Clayton Valley project; American Lithium’s (TSXV:LI) TLC project; Spearmint Resources’ (CSE:SPMT) McGee project; Noram Lithium’s (TSXV:NRM) Zeus project, and Iconic Minerals’ (TSXV:ICM)Bonnie Claire project. All of the aforementioned companies are later-stage mining companies, with a NI 43-101 resource definition. Rover’s considers its LGL project to be late-stage greenfields in nature. The nearby Franklin Wells hectorite deposit has a multi-million tonne high-grade lithium deposit. Historic water well drilling at the LGL project by the USGS indicates that the claystone body is approximately 105 meters in thickness across the 6,000 acres of the project. A geological report for the LGL project is available upon request.

Technical information has been approved by David White, P.Geo., QP for the purposes of NI 43-101. ALS Laboratories is ISO/IEC 17025:2017 and ISO 9001:2015 certified.

LGL Location Map

1. The ranking excludes lithium mining in CHINA (hardrock and brine) due to China’s very low overall ESG score. The ranking includes all other countries that are major producers of lithium.

2. Rover’s LGL project is a claystone lithium project.

3. Social benefits in the South American countries of Brazil, Chile and Argentina are ranked as medium, but in the case of Chile, recent government nationalizations of lithium brine assets seems to be improving their social ranking. Claystone lithium projects are located in the United States which rank high in Social.

4. Governance over mining practices in countries like Brazil, Chile and Argentina contribute to the lower ranking for brine lithium mining. Claystone lithium projects are located in the United States which rank high in Governance.