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Deep-South Confirms SEDAR Filing of Its Updated Preliminary Economic Assessment Report ON Haib Copper IN Namibia.

Economic Studies

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 CONFIRMS SEDAR FILING OF ITS UPDATED PRELIMINARY

ECONOMIC ASSESSMENT REPORT ON HAIB COPPER IN NAMIBIA.

Vancouver, B.C., Canada – February 1, 2021 – Deep-South Resources Inc. ("Deep-

South" or “the Company") (TSX-V: DSM, FRA: DSD) announces that the December 2020

updated Preliminary Economic Assessment report (PEA) on the Haib Copper project in

Namibia has been filed on SEDAR. The report is accessible at www.sedar.com and on

the Deep-South website at www.deepsouthresources.com.

About Deep-South Resources Inc.

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

shareholders and Management - Directors with 14% and Teck Resources Ltd with 16%

of Deep-South share capital.

About Deep-South Resources Inc.

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

shareholders and Management with 14% and Teck Resources Ltd with 16% 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’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 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