Deep-South Resources Announces a Non-Brokered 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 RESOURCES ANNOUNCES

A NON-BROKERED PRIVATE PLACEMENT

Vancouver, B.C., Canada – August 5, 2020 – Deep-South Resources Inc. ("Deep-

South" or the “Company") (TSX-V: DSM) announces that it will proceed with a non-

brokered private placement.

The Company will proceed with a non-brokered private placement for gross proceeds of

up to $1,000,000 (“the Offering”).

The non-brokered private placement will comprise up to 8,333,333 units (the “Units”) of

Deep-South, at a subscription price of $0.12 per Unit. Each Unit will consist of one (1)

common share and one (1) common share purchase warrant (“Warrant”). Each Warrant

will entitle the holder thereof to purchase one (1) common share at an exercise price of

$0.20 for thirty-six (36) months from the date of closing of the placement. Each security

issued has a mandatory four (4) month hold period from the date of closing of the

placement.

Finders fees may be paid on portions of the offering.

The private placement is subject to the approval of the TSX Venture Exchange.

The funds will be used to further exploration and development of the Haib Copper project

in Namibia and for general working capital.

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 75% of 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 ris ks 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