Deep-South Has Closed the First Tranche of a Private Placement

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 HAS CLOSED THE FIRST TRANCHE OF A PRIVATE

PLACEMENT

Vancouver, B.C., Canada – November 2, 2017 – Deep-South Resources Inc. ("Deep-

South" or “the Company") (TSX-V: DSM) announces that it has closed a non-brokered

private placement for gross proceeds of up to $195,140 (“the Offering”). Procedures to

close a second tranche will start shortly.

The non-brokered private placement comprises 887,000 units (the “Units”) of Deep-

South, at a subscription price of $0.22 per Unit. Each Unit consist of one (1) common

share and one half (1/2) of one common share purchase warrant (“Warrant”) of Deep-

South. Each full Warrant entitles the holder thereof to purchase one (1) Deep-South

common share at an exercise price of $0.30 during a period of thirty six (36) 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 closi ng of

the placement.

The Company has paid Raymond James a finder’s fee of $5,456 and issued 24,800

Compensation Warrants. The Company has also paid Foster & Associates Financial

Services Inc, a finder’s fee of $4,840 and issued 22,000 Compensation Warrants. The

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

security issued pursuant to the placements has a mandatory four (4) month hold period

from the date of closing of the placements.

About Deep-South Resources Inc.

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

shareholders and Teck Resources Ltd, which holds about 35% of Deep -South share

capital. Deep-South is actively involved in the acquisition, exploration and development

of major mineral properties. Deep-South currently holds 100% of the Haib Copper

project in Namibia, one of the largest copper porphyry in Africa. Deep-South’s growth

strategy is to focus on the exploration and development of quality assets, in significant

mineralized trends, 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:

Paradox Public Relations at +1-514-341-0408 or Pierre Léveillé, President & CEO at:

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