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DeepRock Minerals Provides Corporate Update

Corporate Updates

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

For Immediate Release

DeepRock Minerals Provides Corporate Update

June 28, 2022 - Vancouver, British Columbia - DeepRock Minerals Inc. (“DeepRock” or the “Company”) (CSE

Symbol: “DEEP”), is pleased to announce the results of its annual general and special meeting of shareholders held

Friday, June 17, 2022 (the “Meeting”). The shareholders of the Company (the “Shareholders”) approved setting the

number of directors at four (4) and elected Andrew Lee, Richard Sha tto, Thomas Christoff and Adrian Volintiru as

directors (the “Board of Directors”) of the Company for the ensuing year.

Mr. Volintiru is an accomplished, strategy driven finance executive who, since June 2018 has been serving as the CEO

of ROMGAZ, Romania’s largest natural gas producer, and the country’s third largest company with 2020 revenues

exceeding US$1 billion and US$300 million in net income. He recently served on the Board of Directors of ROMGAZ.

Mr. Volintiru has an exceptional business a nd political network within Romania and Eastern Europe with key

executive positions in both the private sector and in the Romanian Government. Over the past five years, he has

served on the board of Hidroelectrica S.A. which supplies and distributes electric power throughout Romania; he was

the CFO and interim COO of SC. Rompetrol S.A. an international oil company with gas stations throughout Romania

including operations in 12 other countries; and he served as the State Secretary for the Ministry of Economics, Trade,

and Industry in Romania’s Government.

Furthermore, the Shareholders of the Company re-appointed Saturna Group Chartered Professional Accountants LLP

as the Company’s auditor for the ensuing year and authorized the Board of Directors to fix th e remuneration to be

paid to the auditor. The Shareholders of the Company also passed a resolution to approve the cancellation of the

Company’s existing form of Articles and the adoption of a new form of Articles which includes among other things

advance notice provisions to provide shareholders, directors and management of the Company a clear framework for

nominating directors of the Company . The Shareholders of the Company also passed a resolution to app rove the

Company’s 10% rolling stock option plan.

Following the Meeting, the Board of Directors appointed Andrew Lee as Chief Executive Officer and Corporate

Secretary and Keith Margetson as the Chief Financial Officer of the Company (the “Management”).

For more information, please contact:

Andrew Lee, CEO and Director

Telephone: (778) 302-2257 | Email: [email protected]

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

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.