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Silver Hammer Significantly Expands Mineralized Footprint with Four Primary Target Areas Identified Through Soil Sampling at the Eliza Project in Nevada

Silver Hammer Mining Corp
Silver Hammer Mining Corp

Figure 1

Eliza Project North Area Soil Grid
Eliza Project North Area Soil Grid

Figure 2

Eliza Project North Area Soil Grid
Eliza Project North Area Soil Grid

VANCOUVER, British Columbia, Oct. 25, 2022 (GLOBE NEWSWIRE) — Silver Hammer Mining Corp. (CSE: HAMR; OTCQB: HAMRF) (the “Company” or “Silver Hammer”) is pleased to report that soil sampling results at the Eliza Project (“Eliza” or the “Project”) have defined significant anomalies that extend well beyond the small historical mine areas.

A total of 518 soil samples were collected from the northern area of Eliza with results ranging from below detection limit to 26.95 grams per tonne (“g/t”) silver (“Ag”). Thirty-nine samples returned grades higher than 1 g/t silver. Results with over 0.5 g/t Ag are highly anomalous and can be considered a tracer of potential larger systems. The purpose of the soil sampling program was to further define the extent of mineralization within the northern area and examine any geochemical patterns that may exist. The soil sampling program has outlined four distinct target areas, which are now being further evaluated. The historic mining areas include the California, Passynak and Belmont mines; a new fourth area, the Western Anomaly will be added to our focus going forward.

President and CEO, Morgan Lekstrom commented: “Our thesis has always been that a methodical and modern exploration approach in districts with small-scale, high-grade historical production can lead to the discovery of much larger mineralized systems. Soil sampling does not typically return silver results greater than 1 g/t, so we are very encouraged not only by the widespread nature of mineralization, but by the highly anomalous values from this program.” Lekstrom added, “This type of low-cost, high-impact exploration work aligns with our current view towards maintaining a strong treasury during the current market environment and we have initiated preliminary discussions with prospective partners on our Nevada assets as we advance these projects toward a drill-ready stage.”

Soil samples are commonly used as a targeting tool to find major discoveries and these results provide evidence supporting the potential for widespread mineralization well beyond the small historical mines dating back to the1860’s Hamilton Silver Rush.

Eliza North Soil Grid
To date, 518 soil samples have been collected from the Eliza North Grid Area, which includes the Passynak, Belmont and California historical mines. The mines are accessible by road and are situated within 670 m of each other. Each mine has a distinct geochemical anomaly collectively stretching over 700 m.

Passynak
The Passynak area is the strongest multi-element anomaly. Significant soil sample results were found over a broad 200 m diameter area. Twelve soil samples show greater than 1 g/t Ag with anomalous copper, lead, antimony, and zinc. Care and attention were given to eliminate any samples collected from past mine dumps or transported surface debris.

Table 1. Sample Result Highlights from Passynak Anomaly

Sample_IDSilver ICP g/tCopper ICP g/tLead ICP g/tAntimony ICP g/tZinc ICP g/t
PN3533926.9523.4729.8163
PN000047302313.9518.9425.6883
PN353424.8818.3364.6976
PN00004731374.46313.728917.39555
PN00004731253.83301.858138.58398
PN00004730253.6619.5253.0086
PN00004731203.51559.3122327.831316
PN353142.51153.820714.24339
PN353361.2714.0292.2296
PN353331.25204.81309.29395
PN00004731431.22141.91386.49299
PN00004731351.0960.312015.74107

Belmont
The Belmont area is characterized by high silver-in-soil values, plus accessory copper, lead, antimony, and zinc. Further work in this area is required to define the zone and the nature of the mineralization.

Table 2. Sample Result Highlights from Belmont Anomaly

Sample_IDSilver ICP g/tCopper ICP g/tLead ICP g/tAntimony ICP g/tZinc ICP g/t
PN3525816.1821.0667.0789
PN00004732868.0391.617119.15157
PN00004732881.6812.5262.5491
PN352861.0236.2826.02128

California
The California prospect area is as widespread as Passynak and crosses the Eberhardt Fault on both the north and south. The Eberhardt Fault is considered a main structure and integral to the mineralizing system. Antimony remained fairly consistent; however, gold appeared in minor values in surface soil samples.

Table 3. Sample Result Highlights from California Anomaly

Sample_IDSilver ICP g/tCopper ICP g/tLead ICP g/tGold FA ICP ppbZinc ICP g/t
PN3536115.5725.7304887
PN353319.3122.547-380
PN00004732597.6617.8251590
PN353714.0916.826695
PN00004731634.0016.2223698
PN00004731522.4421.917-399
PN00004731662.3524.1191494
PN353302.3215.940595
PN353181.9419.13918131
PN00004731061.8116.118354
PN00004730951.6617.82417112
PN00004732601.6318.424499
PN353441.5116.723-368
PN353701.4815.6412289
PN353571.3816.148391
PN00004731641.2020.515385

New Western Anomaly
Two samples south of the Eberhardt Fault on the west side of the grid reported silver and gold anomalies. This area is on the edge of a wider spaced soil grid, but adjacent to the prospective fault zone and will be investigated further in near future work with prospecting and geochemistry.

Table 4: Sample Result Highlights from New Western Anomaly

Sample_IDWGS EastWGS NorthSilver ICP g/tCopper ICP g/tLead ICP g/tGold FA ICP ppbZinc ICP g/t
PN0000473397630525.143408032.0926.9270.233161
PN35264630304.643409502.7021.9300.29889

Sampling Protocol

Soil samples were collected from the “B Horizon” every 75 metres (“m”) on 75m line spacing and then infilled on a 37.5 m spacing in areas of greater interest. Typical sample depths ranged between 30 and 45 centimetres.

Quality Assurance/Quality Control

Assays were processed by American Assay Laboratories Inc. in Sparks, Nevada. The laboratory has its own QA/QC protocols running standards and blanks with duplicate samples in each batch stream. Silver Hammer geological staff inserted a system of field duplicates, blanks and lab standards into the sample stream every 10 samples to ensure QA/QC of the work. A multi-element assay method was used for silver and all other elements called ICP-5AM48 with an ICP-OES/MS finish and reported in ppm. Gold was assayed by fire assay with an ICP finish and reported down to 3 ppb in method FA-PB30-ICP.

Qualified Person

Technical aspects of this press release have been reviewed and approved by Philip Mulholland, a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists, a contractor of the Company and the designated Qualified Person (QP) under National Instrument 43-101.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource company advancing the flagship past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, as well both the Eliza Silver Project and the Silverton Silver Mine in one of the world’s most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. Silver Hammer’s primary focus is defining and developing silver deposits near past-producing mines that have not been adequately tested. The Company’s portfolio also provides exposure to copper and gold discoveries.

Disclaimer note: Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s projects.

On Behalf of the Board of Silver Hammer Mining Corp.

Morgan Lekstrom, President and CEO
Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada

For investor relations inquiries, contact:

Kristina Pillon, High Tide Consulting Corp.
T: 604.908.1695
E: investors@silverhammermining.com

For media inquiries, contact:

Adam Bello, Primoris Group Inc.
T: 416.489.0092
E: media@primorisgroup.com

The CSE does not accept responsibility for the adequacy or accuracy of this release.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/0ba880c8-b9de-40b1-ad2a-7934b0a9af41
https://www.globenewswire.com/NewsRoom/AttachmentNg/41267fb5-1d14-4878-a405-0c537136998f
Categories
Energy Precious Metals Uncategorized

Silver47 Exploration Drills 7.68m of 1577 g/t Ag within 15m of 907 g/t Ag

October 24, 2022

Silver47 Exploration Corp. (Vancouver) (the “Company”) is pleased to report that it has completed 5 shallow diamond drill core holes at the Silver Matt Discovery on its wholly owned Michelle Project located in north-central Yukon, Canada. All 5 holes intersected oxide-sulphide mineralization. Mineralization was first discovered in the Silver Matt area in 2009 by prospecting, where a grab sample returned 4180 g/t Ag and where a 2015 hand trench yielded 2.8m of 894 g/t Ag, 46.9% Pb and 8.09% Zn. The initial drill discovery at the Silver Matt Target was made in 2021 through RC drilling in hole MCH-21-005 as highlighted below.

Highlights

· Discovery RC hole MCH-21-005 graded 19.8m of 556 g/t Ag, 20.3% Pb, 3.16% Zn, including 7.6m of 824ppm Ag, 28.7% Pb, 1.54% Zn.

· Discovery confirmation core hole MCH-22-002 yielded 15m of 907 g/t Ag, 26% Pb, 2.7% Zn including 7.7m of 1577 g/t Ag, 45% Pb, 4% Zn.

Drilling

Holes MCH-22-001 to MCH-22-003 were completed from the same collar as the 2021 RC holes to test potential down-dip and strike extension from the discovery hole MCH21-005. Holes MCH22-004 and MCH22-005 were collared 50m northwest to test strike extension (results pending).

Hosted in Bouvette Formation limestone and dolostone, mineralization occurs primarily as strongly oxidized material with remnant intervals of massive sulphide, primarily galena. The high-grade intervals are typically surrounded by a gradational alteration halo into fresh carbonates. Karst voids above and within the mineralized zones were noted. Mineralization appears to have a shallow northeast dip to flat-lying with a NW/SE strike orientation observed across the 5 holes drilled in 2022, please see Figure 2 below

Table 1. Drill Highlights from 2022, holes MCH-22-001 to MCH-22-003, Michelle Project.

Assay intervals are unweighted averages and true widths cannot be determined at this time.

Figure 1. General Location Map for the Michelle Project.

MCH-21-005 

Initial drilling at the Silver Matt Zone was completed using a Reverse Circulation drilling in late summer of 2021.  Oriented to drill under the 2015 trench, hole MCH-21-005 intersected a broad zone of oxide mineralization over 19.8m of 556 g/t Ag, 20.3% Pb, 3.16% Zn, including 7.6m of 824ppm Ag, 28.7% Pb, 1.54% Zn 

MCH-21-006 

The second hole drilled at Silver Matt in 2021 was drilled vertically from the same collar and intersected 3.04m of oxide mineralization grading 42.25 g/t Ag, 2.4% Pb, and 2.8% Zn at 13.72m depth. 

MCH-22-001 

The objective of MCH-22-001 was to undercut the RC discovery hole MCH-21-005. MCH-22-001 intercepted high-grade mineralization at a shallower depth than expected, indicating a flat to shallow-dipping lens.  An intensely oxidized interval of 4.40m from 21.65m to 26.05m contained up to 2% blebby galena with fine white crystalline precipitate zinc and lead oxides.   

MCH22-002 was drilled to twin MCH-21-005 to obtain structural data and better-define the mineralized zone, as hole 22-001 produced unexpected results.  The higher resolution data provided by core drilling the RC intercept allowed for readjustment of the following drill hole orientations.  MCH-22-002 resulted in similar mineralized widths, but with significantly higher-grade silver, lead and zinc.  This can be attributed to the better recovery percentage of core drilling compared to RC drilling, as well as more control on sampling intervals in the logging process. Up to 7% metallic sulphides, with lead-zinc precipitates were observed through the 7.68m interval. 

Figure 2. Cross Section of the Silver Matt Zone, Michelle Project. 

Figure 3. Galena mineralization with pervasive oxidation at 39m in MCH-22-002.  

Figure 4. Galena mineralization with pervasive oxidation at 41m in hole MCH-22-002.

MCH-22-003 

MCH-22-003 was oriented to test the NW/SE proposed strike trend, and intersected 9.4m of high-grade mineralization including 1.05m of 1395 g/t Ag, 51.47% Pb (final values pending), 12.25% Zn at 30m – 31.05m.  Hole 3 confirmed the strike orientation and shallow-dip of the mineralized lens. 

Table 2.  2021 RC and 2022 DDH collar table. 

Easting and northing in meters, NAD 1983 Zone 8. 

Geochemical Sampling  

Concurrent to drilling operations, a property-wide surface sample and trenching program was carried out on high-priority targets.  A total of 754 soil samples and 92 rock samples (including trenches) were collected.  All trenches were hand-dug and reclaimed prior to the end of the program.  Notably, a trench dug approximately 500m NW of the Silver Matt drill holes reported two 2-meter contiguous samples grading 423 g/t Ag and 247 g/t Ag, with +10% Pb, indicating a significant potential strike extension of the mineralized trend. 

Silver Matt Target 

Trench TR22-01 was dug approximately 500m northwest, and on strike, to the Silver Matt showing produced two 2m composite samples of 423 g/t Ag, 11.9% Pb, 1.6% Zn; and 247 g/t Ag, 14.5% Pb and 0.76% Zn from 2.3m-4.3m and 4.3m-6.4m, respectively.  A rock grab sample taken 50m north of this trench graded 226 g/t Ag, 15.8% Pb, 2.1% Zn.  Additional samples indicated anomalous zinc concentrations northeast and east of the known mineralization. 

Heeler Target  

Located 10km east of the Silver Matt Zone, 5 trenches were completed at the Heeler showing, following up a 2015 high-grade sample.  Trench TR22-03 contained two samples (1m-1.6m, and 2.85-2.95) with 14.5 g/t Ag, 2.1% Pb, 1.5% Zn; and 22.9 g/t Ag, 1.5% Pb, 1.6% Zn.  Both samples also contained anomalous values of critical minerals returning 303ppm chromium, 3400ppm copper, 208ppm gallium, 1940ppm nickel, 936ppm antimony and 4980ppm vanadium. 

Two anomalous zinc samples were taken while prospecting east of the Heeler Target.  Sample E814060 graded 2.18% Zn and sample E814531 graded 3.6% Zn, 0.6% Pb, and 5.76 g/t Ag. 

Soil/talus-fines sampling in the Heeler area was inconclusive with several point anomalies for silver, lead, and zinc.  Further prospecting of this showing is warranted given the concentration of critical minerals. 

Nanny/Boxer Target 

Historic trenching and prospecting at these showings, 21km northeast from the Silver Matt Zone, produced several anomalies for 2022 follow up.  Soil/talus-fines sampling along contours and ridgelines in this target area resulted in three high-priority anomalies for silver, lead, zinc, barium, gallium, and vanadium.  Trenches TR-22-09 and TR-22-10 contained significant intervals of silver, lead and zinc mineralization.  TR-22-09 exposed two non-continuous intervals (trench filled with talus from 4.8m to 8.5m); 0-4.8m graded 2 g/t Ag, 0.1% Pb and 11.9% Zn over 4.8m and 10.2-16.1m graded 7.8 g/t Ag, 0.62% Pb and 7.9% Zn over 5.9m.  Both intervals contained anomalous values of cadmium and gallium.  TR-22-10 exposed a 9.5m interval of 103 g/t Ag, 8.1% Pb, and 4.2% Zn, including 3mof 355 g/t Ag, 24.5% Pb, 6.2% Zn. Two samples were collected while prospecting the Nanny/Boxer target area with >20% Zn and anomalous silver, lead, cadmium, and antimony concentrations. 

Figure 5. Silver Geochemical Map, Michelle Project. 

Map Description automatically generated

QAQC 

Quality assurance and quality control protocols for rock, soil and drill core sampling follow industry standard practices.  Rock and soil samples were delivered directly to ALS Minerals preparation facility in Whitehorse, Yukon. Core samples were taken at 1.0m intervals in mineralized zones, and 3.0m intervals in unaltered, fresh host rock.  Blank, duplicate (coarse and lab pulp), and certified reference materials were inserted into the sample stream every 8th sample.  Core samples were cut in half, bagged, sealed and delivered to ALS Minerals preparation facility in Whitehorse, Yukon.  ALS Minerals Laboratories is registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures.  Rock and core samples were analyzed at ALS Laboratory facilities in North Vancouver using four acid digestion with an ICP-MS finish.  Over limits for Ag, Pb, and Zn were analyzed using Ore Grade four acid digestion.  Silver values >1,500ppm were analyzed using fire assay with gravimetric finish.  Lead >20% and Zinc >30% were analyzed using titration methods.  The standards, certified reference materials were acquired from CDN Resource Laboratories Ltd. of Langley, British Columbia and selected to represent expected mineralization.  Blank material consisted of non-mineralized limestone landscaping rock. 

About the Michelle Property 

Silver47 acquired the Michelle project from Silver Range Resources 100% by issuing 5,650,000 shares (16.8%) of Silver47.  Silver Range retains a 1% NSR on the Michelle project and is entitled to receive a one-time payment of $1 million if a positive production decision is made on a resource of not less than 80 million ounces of silver as outlined in a feasibility study on the Michelle project. Silver47 holds a ROFR on the sale of the NSR. 

Covering 15,900 hectares, the Michelle Project is located in north-central Yukon, 130km north-northeast of Dawson City, YT.  First discovered in 1973, exploration has identified 20 named showings with limited drilling defining 3 mineralized zones.  Silver, lead, zinc and a number of critical metals are known to occur within oxide and sulphide mineralization of the Bouvette Formation carbonates across the property.  Mineralization style is yet to be defined, with showings exhibiting characteristics of Mississippi Valley Type, Carbonate Replacement, within the broader classification of SEDEX deposits.  The Michelle Property is considered an early-stage exploration project, with further property-scale sampling and targeted drilling planned, pending a class 3 permit. 

Mr. Alex S. Wallis, P.Geo., is Vice President of Exploration for the Company who is a qualified person as defined by National Instrument 43-101.  Mr. Wallis has verified the data disclosed in this press release, including the sampling, analytical and test data underlying the information and has approved the technical information in this press release. 

Alex Wallis, P.Geo., VP Exploration 

(250) 505-6454 

awallis@silver47.ca 

About Silver47 Exploration Corp. 

Silver47 is a private Canadian exploration company focused on advancing its critical minerals project in the Yukon Territory.   

Cautionary Statement Regarding Forward-Looking Information 

This news release includes certain “forward-looking information” under applicable Canadian securities legislation. Forward-looking information involves risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes the completion of the pending assays, characteristics of the mineralized lens and mineralized trend, anomalous zinc concentrations in the Silver Matt Target, and further prospecting of the Heeler Target. Forward-looking information is necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking information. Accordingly, the forward-looking information discussed in this release, may not occur and could differ materially as a result of these known and unknown risk factors and uncertainties affecting the Company. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on this information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise. 

Categories
Junior Mining Precious Metals Uncategorized

Silver Bullet Mines Financing for High-Grade Gold and PGMs

Burlington, Ontario–(Newsfile Corp. – October 21, 2022) – On September 26, 2022 Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) (‘SBMI’ or ‘the Company’) disclosed it had found significant levels of palladium, platinum, rhodium, osmium and gold in its concentrate. On October 18, 2022 SBMI announced a second round of assay results proving up the palladium, platinum, rhodium, osmium and gold in representative mineralized material from its Buckeye Silver Mine near Globe, Arizona.

To allow SBMI to exploit the palladium, platinum, rhodium, osmium and gold, in addition to the original silver targets, SBMI announces its intention to carry out a non-brokered financing of Units. Each Unit will be priced at $0.20 (twenty cents) and will comprise of one common share and one full 30-cent (thirty cents) warrant with a 24-month term, with each such warrant being exercisable into a common share (the “Financing”).

The target amount for the Financing will be $600,000 (six hundred thousand dollars), with the number of Units to issue as a result of the Financing being 3,000,000. Units will be allocated on a first come, first served basis although SBMI retains the right to accept, reject or modify subscription agreements as it sees fit. The Financing is subject to regulatory approval.

SBMI currently owns a gravity mill near Globe, Arizona that is fully functional for the extraction of silver. The use of proceeds from the Financing will be to determine what equipment will be required to augment that mill’s capabilities to also extract the other elements mentioned above. All of the existing mill will be retained. Other proceeds from the Financing will be for working capital.

For further information, please contact:

John Carter
Silver Bullet Mines Corp., CEO
cartera@sympatico.ca
+1 (905) 302-3843

Peter M. Clausi
Silver Bullet Mines Corp., VP Capital Markets
pclausi@brantcapital.ca
+1 (416) 890-1232

Cautionary and Forward-Looking Statements

This news release contains certain statements that constitute forward-looking statements as they relate to SBMI and its subsidiaries. Forward-looking statements are not historical facts but represent management’s current expectation of future events, and can be identified by words such as “believe”, “expects”, “will”, “intends”, “plans”, “projects”, “anticipates”, “estimates”, “continues” and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.

By their nature, forward-looking statements include assumptions, and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, SBMI assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: the impact of SARS CoV-2 or any other global virus; reliance on key personnel; the thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in the production and processing of ore; shareholder and regulatory approvals; the presence and quantity of minerals in the Company’s properties; activities and attitudes of communities local to the location of the SBMI’s properties; risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; the rate of inflation; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and CDN; effect of market interest rates on price of securities; and, potential dilution. SARS CoV-2 and other potential global viruses create risks that at this time are immeasurable and impossible to define.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/141309

Categories
Base Metals Energy Junior Mining Precious Metals

Rover Metals Applies for Share Consolidation

Rover Metals Corp.
Rover Metals Corp.

VANCOUVER, British Columbia, Oct. 20, 2022 (GLOBE NEWSWIRE) — Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company”) announces that it is applying to the TSX Venture Exchange (the “TSXV”) to consolidate its outstanding common shares (the “Common Shares”) on the basis of one (1) post-consolidation Common Share for each six (6) pre-consolidation Common Shares (the “Consolidation”). The Company currently has 157,585,212 Common Shares issued and outstanding and following the completion of the Consolidation will have approximately 26,264,202 Common Shares issued and outstanding.

CORPORATE PRESENTATION < CLICK HERE >

FACT SHEET < CLICK HERE >

No fractional Common Shares will be issued as a result of the Consolidation. Each fractional Common Share following the Consolidation that is less than one-half of a share will be cancelled and each fractional Common Shares that is at least one-half of a share will be rounded up to the nearest whole Common Shares. No cash consideration will be paid in respect of fractional Common Shares. All options and warrants outstanding will reflect the change in accordance with the Consolidation. Registered holders of Common Shares will receive a letter of transmittal from Computershare investor Services inc. with instructions on how to exchange existing share certificates for new post-Consolidation share certificate.

The Consolidation remains subject to acceptance by the TSXV. The Common Shares are expected to begin trading on the TSXV on a post-share Consolidation basis within two or three business days following the date when the TSXV issues its final bulletin approving the Consolidation. The Company will issue an updating news release once such approval has been obtained.

There will be no name change and no ticker symbol change in connection with the Consolidation and shareholder approval is not required.

Judson Culter, CEO at Rover Metals, states “a consolidation of our Company’s securities is necessary to position Rover for growth and success with our new critical mineral projects. Both the Let’s Go Lithium Project, and the IML Zinc-Copper Project require Phase 1 and Phase 2 Exploration Programs. Additionally, the Company’s existing gold projects require expanded Phase 2 Exploration Programs. Management and the Directors of the Company believe that the timing is right for a consolidation as the Company will need to finance future exploration at all of its mineral resource projects.”

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. The Company is now developing a diverse portfolio of mineral resource projects: (1) Nevada Claystone Lithium; (2) Zinc-Copper-Lead-Silver in NT, Canada; as well as (3) Gold in NT, Canada. 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: info@rovermetals.com
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 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.