DeepRock Minerals Expands Land Package in Romania by 461%
DeepRock Minerals Inc. | #1518 – 800 West Pender St., Vancouver, BC V6C 2V6 Page 1 of 3
News Release
DEEPROCK MINERALS EXPANDS LAND PACKAGE IN ROMANIA BY 461%
VANCOUVER, CANADA, September 1, 2021 - DeepRock Minerals Inc. (the “Company” or “DeepRock”)
(CSE: “DEEP”) is pleased to announce the Company has entered into a purchase agreement to acquire a
100% interest in a prospective exploration property located in Romania’s northern Apuseni Mountains and
approximately 5 km NE from the Company’s Zapozilor Polymetallic Gold Project. This expansion will
increase DeepRock’s land position in Romania from 764 hectares to 3,528 hectares (461%).
Google Earth – Plan View
This land package also represents a significant gain in resource exploration upside potential for DeepRock,
with both properties hosting significant reported gold-bearing mineral showings and historical underground
workings with advanced development projects.
The purchase agreement’s key terms for DeepRock to acquire 100% right, title and ownership interest in the
property and exploration license include:
DeepRock Minerals Inc. | #1518 – 800 West Pender St., Vancouver, BC V6C 2V6 Page 2 of 3
• Cash payment of $275,000 CAD on signing;
• Issuance of 9 million common shares of the Company at a deemed price of $0.08 per common share
to the Vendor when the exploration license is granted to DeepRock or its subsidiary;
• Bonus shares - issuance of an additional 9 million common shares of the Company at a deemed price
of $0.08 per common share to the Vendor upon the acceptance for filing of an independent resource
estimate of no less than one million ounces of gold with a minimum cut -off grade of 1 gpt in
accordance with NI 43-101;
• 2% Net Smelter Royalty (“NSR”) payable to the Vendor whereby DeepRock can purchase or buy
back each half (or 1%) of NSR for one million CAD.
• No third-party finder fees are applicable to the above.
“After completing our restructuring 6 months ago, we have strategically increased our land positions in 2 key
areas, first in New Brunswick from 270 to 3,070 hectares, and now in Romania to over 3,500 hectares. We
believe we have built a solid foundation for strong exploration upside potential once drills start turning.”
commented, Andrew Lee, CEO of DeepRock.
Corporately, DeepRock is pleased to announce the appointment of Mr. Keith Margetson, CPA as the
Company’s new CFO. Mr. Margetson qualified as a chartered accountant in 1975 and has had his own firm
since 1992. He has been in public accounting for over four decades, both as an auditor and in providing
services to public and private companies. He is a member of the BC Institute of Chartered Professional
Accountants and has served as CFO for six other publicly traded companies.
Douglas Blanchflower, P. Geo., a Qualified Person in accordance with NI 43-101, has reviewed and accepted
the technical disclosure contained in this news release.
About DeepRock Minerals Inc.
DeepRock Minerals is a Canadian mineral exploration company headquartered in Vancouver, British
Columbia. DeepRock’s primary focus is in acquiring and developing advanced stage exploration and
development mining projects.
ON BEHALF OF THE BOARD OF DIRECTORS
Andrew Lee
Chief Executive Officer, Director
778-302-2257
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 explorati on performance of the Company. This forward -looking
DeepRock Minerals Inc. | #1518 – 800 West Pender St., Vancouver, BC V6C 2V6 Page 3 of 3
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 resu lts,
performance or achievements 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 securities 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.