Deep-South Grant Options

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

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

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

DEEP-SOUTH GRANT OPTIONS

Vancouver, B.C., Canada – July 8, 2020 – Deep-South Resources Inc. ("Deep- South"

or “the Company") (TSX-V: DSM – Frankfurt: DSD) announces that it has granted an

aggregate of 1 million stock options of the Company to Euro Alloys Ltd (“Euro”). Each option

entitles its holder to purchase one common share of the Company at a price of $0.15 per

share until December 31, 2021. Options are granted in accordance with Policy 4.4 of the

TSX Venture Exchange and the terms and conditions of the Company's stock option plan.

The options were originally part of an agreement with Euro Alloys announced on March 8,

2019 and amended on December 23, 2019. The options were not issued before today but

Euro has now met the conditions for the options to be issued.

About Deep-South Resources Inc.

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

shareholders and Management with 24% and Teck Resources Ltd with 23% 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 prov e 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