Deep-South Changes Its Symbol FOR “Dsd” ON the Frankfurt Exchange and Will Attend the Mining Indaba Conference IN Cape Town, South Africa

Suite 162, 2912 West Broadway, Vancouver, British Columbia, V6K 0E9

Tel : 604-340-0140. E-mail : [email protected]

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

DEEP-SOUTH CHANGES ITS SYMBOL FOR “DSD” ON THE

FRANKFURT EXCHANGE AND WILL ATTEND THE MINING

INDABA CONFERENCE IN CAPE TOWN, SOUTH AFRICA

Vancouver, B.C., Canada – January 29, 2020 – Deep-South Resources Inc.

("Deep- South" or “the Company") (TSX-V: DSM) announces that it has changed its

trading symbol on the Frankfurt Exchange. The new symbol is “DSD” and is

effective immediately.

Mining Indaba

Deep-South will attend the “Investing in African Mining Indaba Conference” in Cape

Town, South Africa from February 3 to 6, 2020. You are welcome at booth JM 46.

Private Placement

Deep-South has completed the closing of its recent private placement and has closed

a last subscription agreement for $5,000 Deep-South has previously closed a two

tranches totaling $586,300. Please see the press release of December 23, 2019 at:

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

closed-a-first-tranche-of-its-private-placement-and-will-update-its-2018-pea/. And the

press release of January 22, 2020 at:

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

closed-a-second-tranche-of-its-private-placement/

The non-brokered private placement comprises 100,000 units (the “Units”) of Deep-

South, at a subscription price of $0.05 per Unit. Each Unit will consist of one (1)

common share and one (1) common share purchase warrant (“Warrant”) of Deep-

South. Each Warrant will entitle the holder thereof to purchase one (1) Deep-South

common share at an exercise price of $0.09 during a period of sixty (60) months from

the date of closing of the placement. Each security issued pursuant to the placement

has a mandatory four (4) months holding period from the date of closing of the

placement.

For the second tranche closed on January 22, 2020, the Company has paid Integral

Wealth Securities Ltd a finder’s fee of $1,200.00 and will issue 24,000 Compensation

Warrants. The Compensation Warrants have the same terms and conditions as the

Warrants issued in the units. Each security issued pursuant to the placement has a

mandatory four (4) months holding period from the date of closing of the placement.

The funds will serve to complete the updated PEA currently underway, plan the

upcoming work program, pay some outstanding accounts and debts and cover

general and administrative expenses.

About Deep-South Resources Inc.

Deep-South Resources Inc. is a mineral exploration company largely held by

Namibian shareholders and Management with 25% and Teck Resources Ltd with 28%

of Deep-South share capital. Deep-South currently holds 100% of the Haib Copper

project in Namibia, one of the largest copper porphyry deposits in Africa. Deep-South

also holds an investment of 75% in the Kapili Tepe Copper exploration project in

Turkey. Deep-South’s growth strategy is to focus on the exploration and development

of quality assets, in significant mineralized zones, close to infrastructure, in stable

countries.

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 cou ld

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