ACM.CN · 2021-12-23 12:00:00

DeepRock Minerals Announces Non-Brokered Flow-Through Private Placement

Financings

Page 1 of 1 | DeepRock Minerals Inc. | #1518 – 800 Pender Street W, Vancouver, BC V6C 2V6

For Immediate Release

DeepRock Minerals Announces Non-Brokered Flow-Through Private

Placement

December 23, 2021 - Vancouver, British Columbia - DeepRock Minerals Inc. (“DeepRock” or the “Company”)

(CSE Symbol: “DEEP”), is pleased to announce a non-brokered flow-through private placement offering (the "FT

Private Placement") to raise gross proceeds of up to $165,000 through the sale of up to 3,000,000 units ("FT-Units")

of the Company at a price of $0.055 per FT-Unit. Each FT-Unit will consist of one common share and one common

share purchase warrant (each full warrant, a "Warrant"), and each Warrant will entitle the holder to purchase one

additional (non flow-through) common share at a price of $0.07 per share for a period of 24 months from the closing

(the "Closing") of the Private Placement.

The Company intends to use the net proceeds of the FT-Private Placement to fund exploration and development of

the Company's Golden Gate Project in New Brunswick. The Company may pay finders' fees in connection with the

FT-Private Placement to eligible finders, in accordance with the policies of the Canadian Securities Exchange and

applicable securities laws, consisting of a cash commission of up to 6% of the gross proceeds of the FT-Private

Placement. The FT-Private Placement is subject to approval of the Canadian Securities Exchange. All securities issued

pursuant to the FT-Private Placement will be subject to a four month hold period from the Closing.

For more information, please contact:

Andrew Lee, CEO and Director

Telephone: (778) 302-2257

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news

release may contain “forward-looking statements”, including statements relating to the expected completion of the

FT-Private Placement, and statements about the future based on current expectations or beliefs. For this purpose,

statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their

nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or

true. Investors should not place undue reliance on forward-looking statements.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply

with this restriction may constitute a violation of U.S. securities laws.