Rover Provides Adminstrative Update ON Contractual Obligations FOR Its Mineral Resource Properties
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ROVER PROVIDES ADMINSTRATIVE UPDATE ON CONTRACTUAL OBLIGATIONS FOR ITS
MINERAL RESOURCE PROPERTIES
Vancouver, British Columbia – (April 5, 2024) – Rover Critical Minerals Corp. (TSXV: ROVR) (OTCQB:
ROVMF) (FSE:4XO) (“Rover” or the “Company ”) is pleased to announce the re-negotiation of both: (1) the
Cabin Gold project Advance Royalty Agreement; as well as, (2) the Let’s Go Lithium (“ LGL”) project Option
Agreement.
Cabin Gold Project, NT, Canada
The Company will make a common share -based payment in the amount of 1,000,000 common shares (with a
deemed value of $30,000) to satisfy its 2024 advance royalty payment obligation with Silver Range Resources. The
share issuance has been conditionally approved by the Toronto Venture Exchange (the “TSXV”) and the shares will
bear the standard four-month regulatory hold period from the date of issuance.
Let’s Go Lithium Project, Nye County, NV, USA
The Company has extended a payment deadline in the underlying purchase option agreement for LGL with the
vendor of the project, GenGold2, LLC, such that a USD100,000 common share-based payment has been extended
to on or before January 31, 2025.
Judson Culter, CEO at Rover, states: “We continue to preserve our cash position and keep a low burn rate as we
ride-out the bear market in junior mining stocks. We have tremendous relationships with all of our business partners
that allow us to stay nimble, while at the same time allowing us to execute on the continued growth of the business.”
Paddy Moylan, Rover’s President comments: “We always ensure we have the best deals in place for our holders.
The work continues.”
Swiss Business Development Consultant
Further to its news release of May 26, 2023, the company has terminated its agreement with its Swiss Business
Development Consultant effective March 31, 2024. Pursuant to the terms of the agreement, a final common share
payment of 150,000 common shares (wi th a deemed value of $7,500) will be issued for the final three months of
the contract. The share issuance has been conditionally a pproved by the TSXV. The shares will bear the standard
four-month regulatory hold period from the date of issuance. The Company will continue to work with the Swiss
consultant on an as-needed basis in the coming months.
About Rover Critical Minerals
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. 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 the U.S. and Canada.
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Website: https://www.rovercriticalminerals.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) 754-2617
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, 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 d iffer 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, 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.