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DEEP-NR22-COMMENCES Airborne IN Quebec - Sept 24-2019

Corporate Updates

Page 1 of 3 | DeepRock Minerals Inc. | #13 - 7179 - 201st Street, Langley, BC Canada V2Y 2Y9

For Immediate Release

DEEPROCK COMMENCES HIGH-RESOLUTION HELIBORNE

MAGNETIC SURVEY OVER ITS RALLEAU GOLD/VMS PROJECT

VANCOUVER, CANADA, September 24, 2019 – DeepRock Minerals Inc. (the “Company”) (CSE

Symbol: “DEEP”), is pleased to announce that the Company has engaged the services of

ProspectAir based out of Gatineau, Quebec to commence immediately a specialized High -

Resolution helicopter-borne geophysical survey on its Ralleau VMS/Gold Project.

DeepRock’s Ralleau Project is ideally and strategically located in the Abitibi region of Quebec, just

east of the regional centre of Lebel sur Quevillon. The Ralleau Project is centrally situated so that

it straddles both the Cameron and Barry Deformation Zones ; and as well adjoins both the east

boundary of Osisko Metal’s Osborne -Bell Gold/VMS project and the west boundary of Osisko

Metal’s Windfall Lake Gold Project.

The heliborne survey, will be flown with tight 50-metre line spacing and carried out with traverse

lines oriented N015 in order to capture the desired, detailed mapping of the dominant

magnetic/geological stri ke. Control lines for the survey will be flown perpendicular to the

traverse lines and at a 500 m line spacing. This survey is designed to take in the entire Ralleau

Project by encompassing a total survey distance of 1,013 linear-kilometers of flight lines.

ProspectAir will utilize its Geometrics G -822A heli borne magnetome ter for the project . This

particular heliborne magnetic sensor consists of a non -oriented (strap-down) optically-pumped

Cesium split-beam sensor. These specialized magnetometers have a high resolution sensitivity of

0.005 nT and a range of 15,000 to 100,00 0 nT with a se nsor noise of less than 0.02 nT. The

heliborne sensor is mounted in a ‘bird’ made of nonmagnetic material located 21 m below the

helicopter when in flight. Total magnetic field measurements are recorded at 10 Hz in the aircraft.

The ground system will be recording magnetic data at speed of 1 sample every second.

ProspectAir’s crews will fly the helicopter at approximately 120 km/h in gentle terrain. Under

these conditions, the distance between samples taken along the survey flight lines will typically

be very 3.3 meters.

For MAG only data acquisition, the nominal terrain clearance of the helicopter will be set to 51

metres with smooth line -to-line compatible draping of topography. The nominal mag detector

ground clearance will the refore be approximately 30 meters. Altitude shall be ultimately

controlled at the discretion of the helicopter pilot with safety held in priority consideration.

High resolution heli borne magnetometer surveys like DeepRock is undertaking on its Ralleau

Page 2 of 3 | DeepRock Minerals Inc. | #13 - 7179 - 201st Street, Langley, BC Canada V2Y 2Y9

Project can play an extraordinarily important part in quality exploration program s. Recent

improvements in magnetometer design have resulted in the delivery of impressive and accurate

data, which when combined with GPS , yields significantly enhanced aeromagnetic maps. The

overall improvement s in accuracy and precision , in recent years, has frequently warranted

resurveying areas which were flown using outdated instrumentation and methods now

considered obsolete.

High resolution aeromagnetic maps today reflect the underlying geology regardless of the degree

of exposure. They play such an important role in interpreting geological structures and rock type

distribution that high-resolution magnetometer surveying can truly be called a primary, universal

exploration tool.

The Ralleau property represents a favorable setting for bimodal mafic VMS mineralization

similar to the Langlois mine located just WNW of DeepRock’s Ralleau Project.

Felsic volcanic rocks displaying characteristic h ydrothermal alteration, known to be associated

with Volcanic Massive Sulphide ( “VMS”) style deposits, has been identified from the geological

review, diamond drilling and trenching.

DeepRock’s new heliborne survey will provide DeepRock’s team of geoscientists with a very

accurate and precise picture of the different rock units underlying the Ralleau Project as well as

the presence of structures suc h as folds and faults, often not visible in the field because of the

thick overburden. Mafic rocks are generally magnetic while felsic rocks may correspond to lower

magnetic intensities.

This heliborne survey , about to be undertaken by DeepRock , will be utilizing the same

configuration of equipment and instrumentation as the one that was utilized over Bonterra’s

Gladiator project, which lead to the discovery of several gold mineralized zones. Bonterra’s highly

successful Gladiator Project is located in the Urban-Barry area, to the east of DeepRock’s Ralleau

Project.

Dr. Christian Derosier, P.Geo., D.Sc., the qualified person (QP) as defined in National Instrument

43-101 and, acting on behalf of DeepRock, has re viewed and approved the technical content of

this news release.

About DeepRock Minerals Inc.:

DeepRock Minerals is a highly dynamic Canadian mineral exploration/development company

headquartered in Vancouver, British Columbia . DeepRock’s primary focus is the acquisition and

development of prime North American gold and VMS type polymetallic mining projects; as well

as existing small and mid-size processing and producing mining operations that meet DeepRock’s

stringent conditions . DeepRock Minerals is managed by a n experienced team of mining and

Page 3 of 3 | DeepRock Minerals Inc. | #13 - 7179 - 201st Street, Langley, BC Canada V2Y 2Y9

business professionals with more than 150 years of combined extensive operating and financial

experience and expertise. The shares of DeepRock Minerals Inc. trade on the Canadian Securities

Exchange (CSE) under the trading symbol “DEEP”. Should you have any questions please feel free

to contact the undersigned at any time at [email protected]

ON BEHALF OF THE BOARD OF DIRECTORS OF DEEPROCK MINERALS LIMITED

Patrick D. O’Brien, ICD.D, MIoD

Director, CEO

[email protected]

Cautionary Note Regarding Forward-Looking Statements:

Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the

adequacy or accuracy of this release. This news release contains "forward-looking information" including

statements with respect to the future exploration performance of the Company. This forward -looking

information involves known and unknown risks, uncertainties and other factors which may cause the

actual results, performance or achievements of the Company to be materially different from any future

results, performance or ac hievements of the Company, expressed or implied by such forward -looking

statements. These risks, as well as others, are disclosed within the Company's filing on SEDAR, which

investors are encouraged to review prior to any transaction involving the securiti es of the Company.

Forward-looking information contained herein is provided as of the date of this news release and the

Company disclaims any obligation, other than as required by law, to update any forward -looking

information for any reason. There can be no assurance that forward-looking information will prove to be

accurate and the reader is cautioned not to place undue reliance on such forward-looking information.