Rover Metals Increases Size of $0.08 Unit Financing

Rover Metals Increases Size of $0.08 Unit Financing

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE U.S.

VANCOUVER, British Columbia, Feb. 21, 2023 -- Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO)

(“Rover” or the “ Company”) announces that further to its releases of December 21, 2022 , and February 14, 2023, the

Company is increasing the size of its $0.08 Unit Financing to accommodate additional orders. The Company will now raise up

to CAD900,000. The Company is targeting Friday February 25, 2023, as the closing date for the third and final closing. An

updating release will be provided once the Company has received approval from the Toronto Venture Exchange (the “TSXV”) for

the third closing. Securities issued under the third closing will have the standard four month regulatory hold period. Assuming

the $0.08 Unit Financing is fully subscribed, the Company will have issued 11,250,000 common shares and 11,250,000

warrants, plus finders’ warrants, across three closings (November 16, 2022, December 21, 2022, and February 24, 2023).

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, near to the city of Las Vegas. Plans for 2023 include a maiden 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.

Subscribe to our Newsletter on our 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

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.