Silver Range Resources

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.