Rover Metals August Corporate Update

Rhea-AI Summary

Rover Metals Corp. (TSXV: ROVR, OTCQB: ROVMF) highlights the positive impact of its Cabin Gold project on the local community. The company is advancing precious metal resources in the Northwest Territories of Canada. Furthermore, Rover has renewed its investor relations contract with Momentum PR, granting a total of 750,000 stock options to employees and consultants, with various vesting periods and exercise prices ranging from $0.125 to $0.200. The company aims to enhance shareholder engagement through this initiative.

Positive

• The Cabin Gold project is expected to positively impact the local community.
• The company is advancing its Phase 2 Exploration of the Cabin Gold Project.
• 750,000 stock options granted to strengthen investor relations and employee retention.

Negative

• None.

VANCOUVER, British Columbia, Aug. 10, 2021 (GLOBE NEWSWIRE) -- Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FRA:4X0) (“Rover” or the “Company”) discusses the positive impact of the Cabin Gold project on the local community: https://rovermetals.com/landingpages/aug2021corporateupdate.html

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ffc80748-bc7e-4058-88a9-bed31aa9d731

About Rover Metals
Rover is a precious metals exploration company specialized in North American precious metal resources, that is currently advancing the gold potential of its existing projects in the Northwest Territories of Canada (60^th parallel). The Company commenced Phase 2 Exploration at its Cabin Gold Project this summer.

Stock Option Grants
The Company has re-engaged Momentum PR (“Momentum”) to provide another six months of investor relations services. Pursuant to the renewal of the Momentum contract, the Company has granted 750,000 stock options with a four year life on the following terms: 175,000 options vesting September 30, 2021 with an exercise price of $0.125; 175,000 options vesting December 31, 2021 with an exercise price of $0.150; 175,000 options vesting March 31, 2022 with an exercise price of $0.175; and 175,000 options vesting June 30, 2022 with an exercise price of $0.200. The Company has also granted 52,400 stock options to a consultant. The 52,400 options are fully vested on grant, have a life of four years, and have an exercise price of $0.15.

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: info@rovermetals.com
Phone: +1 (778) 754-2617

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.

FAQ

What is Rover Metals Corp.'s stock symbol?

Rover Metals Corp.'s stock symbol is ROVMF.

What recent actions has Rover Metals taken regarding stock options?

Rover Metals granted 750,000 stock options to employees and consultants as part of their investor relations strategy.

How does the Cabin Gold project affect the local community?

The Cabin Gold project is expected to have a positive impact on the local community.

What is the purpose of re-engaging Momentum PR by Rover Metals?

Momentum PR has been re-engaged to provide investor relations services for an additional six months.

What are the exercise prices of the stock options granted by Rover Metals?

The stock options have exercise prices ranging from $0.125 to $0.200.