Deep-South Appoints the MSA Group FOR the Updated Ni 43-101 Resource Estimation ON the Haib Copper Project IN Southern Namibia

Suite 888, 700 West Georgia, Vancouver, British Columbia, V7Y 1G5

Tel: +1-819-340-0140. E-mail: [email protected]

Web site: http://www.deepsouthresources.com

DEEP-SOUTH APPOINTS THE MSA GROUP FOR THE UPDATED NI 43-101

RESOURCE ESTIMATION ON THE HAIB COPPER PROJECT IN SOUTHERN

NAMIBIA

Vancouver, B.C., Canada – February 25, 2021 – Deep-South Resources Inc. ("Deep-

South" or “the Company") (TSX-V: DSM) announces that it has appointed the MSA

Group of South Africa to produce an updated National Instrument (“NI”) 43-101 resource

estimation for the Company’s 100%-owned advanced Haib copper project located in the

south of Namibia. The report will follow the completion of the current drilling program.

Pierre Leveille, President & CEO of Deep-South stated that: "We are pleased to have

appointed MSA; their vast experience will help to enhance an already robust project

and unlock further value while reducing risk for our shareholders. With the

backdrop of a strong copper price, we are highly optimistic for the coming years

that Haib will garner additional interest from investors and other interested parties.”

The mandate of MSA includes site visits to verify data collection, quality assurance and

controls, develop a structural geological model in collaboration with Deep-South’s

geological team, assess the presence of domains and model these domains in three

dimensions, complete a geostatistical study for each domain and issue an updated NI 43-

101 resource estimation.

About MSA

The MSA Group is a leading provider of exploration, geology, mineral resource and

reserve estimation, mining and environmental consulting services to the mining industry.

Established in 1983, MSA has serviced its international client base in more than 40

countries. MSA is the leading provider of mineral exploration services on the African

continent. You can visit their web site at: http://msagroupservices.com

About Deep-South Resources Inc.

Deep-South Resources is a mineral exploration and development company. Deep-South

holds 100% of the Haib Copper deposit in the south of Namibia. Haib is one of the largest

undeveloped copper deposits in Africa. The recent preliminary economic assessment

demonstrated that at a price of copper of $3.00 / lb, it generates an after-tax NPV of $950

million and an after-tax IRR of 30%. At $4.00 / lb, it generates an after-tax NPV of $1,650

million and an after -tax IRR of 42%. (See the p ress release here:

https://www.deepsouthresources.com/investors/news-releases/deep-south-pea-update-

returns-singnificantly-improved-economics/)

Deep-South is actively involved in the acquisition, exploration and development of major

mineral properties in Africa.

Deep-South growth strategy is to focus on the exploration and development of quality

assets in significant mineralized trends and close to infrastructures in stable countries.

Furthermore, in using and assessing environmental friendly technologies in the

development of its copper project, Deep-South embraces the green revolution.

This press release contains certain "forward-looking statements," as identified in Deep- South’s periodic

filings with Canadian Securities Regulators that involve a number of risks and uncertainties.

There can be no assurance that such statements will prove to be accurate and actual results and future

events could differ materially from those anticipated in such statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

More information is available by contacting Pierre Léveillé, President & CEO at

+1-819-340-0140 or at: [email protected] or

Paradox Public Relations at +1-514-341-0408.