Rover Metals Appoints New Consultants
{01797652;3}
ROVER METALS APPOINTS NEW CONSULTANTS
Vancouver, British Columbia – (May 26, 2023) – Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF)
(FSE:4XO) (“Rover” or the “Company”) is providing a regulatory news release in regards to new additions to the
Company’s team of consultants.
European Marketing Consultant Appointments and Stock Option Grants
The Company has hired four European marketing consultants. Three of the marketing consultants are based in
Germany, and one consultant is based in Switzerland (the “Marketing Consultants”). The Marketing Consultants
will assist the Company with promoting its rebranding as a “Lithium” Junior Miner in the key European markets of
Germany and Switzerland. Pursuant to these consulting agreements, stock option grants of 400,000 stock options
with an exercise price of $0.10 under the standard terms of the Company’s stock option plan (4-year life), has been
awarded; and 70,000 stock options with an exercise price of $0.12 under the standard terms of the Company’s stock
option plan (4-year life), has been awarded.
Swiss Business Development Consultant Appointment and Stock Option Grant
The Company has hired a Zug, Switzerland, based consultant to provide business development consulting services
in the key mining markets of England, France, Germany, and Switzerland. Our new Swiss business development
consultant will spend approximately 50% of his time working for the Company. His roles and responsibilities
include traveling through-out central Europe representing the Company at mining events. Pursuant to the consulting
agreement, a stock option grant of 250,000 stock options with an exercise price of $0.12 under the standard terms
of the Company’s stock option plan (4-year life), has been awarded. The consultant will be also be paid CAD6,000
per month. The Company is seeking Toronto Venture Exchange (“TSXV”) approval to pay CAD2,500 of the
monthly fee through the issuance of the Company’s common shares. Subject to approval by the TSXV, the monthly
conversion price for the CAD2,500 monthly common shares payment shall be the greater of: (a) the 5 day VWAP
for the last 5 trading days of the month; or (b) $0.05. If approved, the common shares will be issued on a quarterly
basis, in the month following the end of each calendar year quarter-end.
Appointment of Hybrid Financial
Further to Rover’s release of May 2, 2023, the Company wishes to disclose additional details of its consulting
contract with Hybrid Financial. Hybrid Financial (“Hybrid”) has been engaged by the Company for a twelve-month
period, commencing on May 1, 2023. Hybrid roles and responsibilities include heightening market and brand
awareness for Rover’s pivot into lithium raw materials mining, as well as to broaden the Company's reach within
the investment community. Hybrid is a sales and distribution company that actively connects issuers to the
investment community across North America. Using a data driven approach, Hybrid provides its clients with
comprehensive coverage of both American and Canadian markets. Hybrid Financial has offices in Toronto and
Montreal. As of the date of this release, Hybrid does not have any ownership interest in the securities of the
Company, nor does it hold any rights to acquire an ownership interest in the securities of the Company, through
derivates such as warrants or stock options.
Pursuant to the Company’s contract with Hybrid, Hybrid will provide 12 months of services from May 1, 2023,
through to April 30, 2024, for a monthly fee of $15,000 and a one-time capital markets advisory services fee of
$90,000. The Hybrid capital markets program is meant to assist the Company with its future financing efforts as the
Company will need to raise future equity financings to pay for exploration drilling and resource definition at its
Let’s Go Lithium project in southwest Nevada. Hybrid will make introductions to its network of retail brokers in
Canada and the U.S. (no finder’s fees will be paid in connections with these introductions).
As of the date of this release, the Company has received conditional acceptance from the TSXV for the Hybrid
agreement, subject to the dissemination of this news release. The Company plans to begin paying the monthly fee
due under the Hybrid contract in June. The terms of the agreement call for the capital markets advisory fee to be
paid out of the closing proceeds of the Company’s next financing. However, as of the date hereof, the Company
{01797652;3}
has no immediate plans for a new financing, so management is unable to comment on the timing of the capital
markets advisory payment.
Upcoming Fastmarkets Lithium Supply and Battery Raw Materials Conference
The Fastmarkets Lithium Supply and Battery Raw Materials Americas annual event is the largest global forum for
lithium and battery raw materials. It’s an unmissable opportunity to access end-to-end coverage of the battery raw
materials industry, including price volatility and supply chain risks, as well as battery recycling and innovations in
battery chemistries. As the biggest gathering of the global battery raw materials community, there is no better chance
to network with peers and connect with leaders in the industry. The jam-packed agenda covers key topics for all
those involved in the production, procurement and investment in battery raw materials. Access key insights and
strengthen relationships with your peers at Fastmarkets Lithium Supply and Battery Raw Materials Americas.
List of Sponsorship Attendees
Judson Culter, CEO at Rover Metals, states “Rover will have a booth in the exhibit hall at the Fastmarkets Las
Vegas event. Management looks forward to having meaningful discussions about the EV raw materials supply-
chain.”
About Rover Metals
Rover is a publicly traded junior mining company that trades on the TSXV under symbol ROVR, on the OTCQB
under symbol ROVMF, and on the FSE under symbol 4XO. Rover is currently focussed on the development of
a claystone lithium project in southwest Nevada, USA. Plans for 2023 include a reverse circulation drill program
at the Let’s Go Lithium project.
The Company has a diverse portfolio of mining resource development projects with varying exploration timelines.
Its critical mineral projects include lithium, zinc, and copper. Its precious metals projects include gold and silver.
The Company is exclusive to the mining jurisdictions of Canada and the U.S.
You can follow Rover 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, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber
for corporate videos.
Website: https://www.rovermetals.com/
ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director
For further information, please contact:
Email: [email protected]
Phone: +1 (778) 754-2855
{01797652;3}
Statement Regarding Forward-Looking Information
This news release contains statements that constitute "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 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.
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 INFORMATION 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.