Rover Metals announces Private Placement Financing

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Rover Metals announces Private Placement Financing

Vancouver, British Columbia – (August 4, 2020) – Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF)

(“Rover Metals” or the “Company”) is pleased to announce that it intends to raise a minimum of $600,000 and a

maximum of $900,000 under a $0.06 unit non-brokered private placement financing (the “Unit Financing”).

Unit Financing

Each Unit is priced at $0.06 and is comprised of one common share and one common share purchase warrant (the

“Warrant”). Each Warrant has a two year life and an exercise price of $0.12 per warrant, with an acceleration clause

if the Company’s shares trade at $0.20 per share for five consecutive trading days.

Use of Proceeds

The proceeds of the financing will be used to commence exploration drilling at the Company’s 100% owned Cabin

Lake gold project.

About Rover Metals

Rover Metals is a precious metals exploration company specialized in North American precious metal resources,

that is currently advancing the gold potential of its existing projects.

You can follow Rover Metals on its social media channels:

Twitter: https://twitter.com/rovermetals

LinkedIn: https://www.linkedin.com/company/rover-metals/

Facebook: https://www.facebook.com/RoverMetals/

for daily company updates and industry news.

https://www.rovermetals.com/

ON BEHALF OF THE BOARD OF DIRECTORS

“Judson Culter”

Chief Executive Officer and Director

For further information, please contact:

Judson Culter

Email: [email protected]

Phone: (604) 449-5347

Statement Regarding Forward-Looking Information

This news release contains statements that con stitute "forward -looking statements." Such forward -looking

statements involve known and unknown risks, uncertainties and other factors that may cause Rover's actual results,

performance or achievements, or developments in the industry to differ materially from the anticipated results,

performance or achievements expressed or implied by such forward -looking statements. Forward -looking

statements are statements that are not historical facts and are generally, but not always, identified by the words

"expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions,

or that events or conditions "will," "would," "may," "could" or "should" occur. There can be no assurance that such

statements will prove to be accurate. Actual results and future events could differ materially from those anticipated

in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any

factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to

update these forward -looking statements in the event that management's beliefs, estimates or opinions, or other

factors, should change.

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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 INFORMATIO N 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.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS

DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR

THE ADEQUACY OF THIS RELEASE.