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KRY.V ·

Deep-South Resources Appoints M Squared Resources of South Africa as Financial Advisor

Corporate Updates

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 APPOINTS M SQUARED RESOURCES OF

SOUTH AFRICA AS FINANCIAL ADVISOR

Vancouver, B.C., Canada / TheNewswire / October 23, 2018 – Deep-South

Resources Inc. ("Deep-South" or “the Company") (TSX-V: DSM) announces that it has

appointed M Squared Resources (“M2R”) of South Africa as a strategic financial advisor

to seek and evaluate global strategic financing.

M2R is a specialized advisory firm which focuses on the Metals & Mining & Energy

sectors. Since its inception, M2R team has raised about $5 billion and have been

advisors on deal with a value of $45 billion. They advised a large number of leading

resources companies and many financial institutions. For more information about M2R,

please visit: http://m2resources.co.za.

Pierre Léveillé President & CEO of Deep-South as commented: “With the global demand

for copper and cobalt increasing with the transport electrification explosion and the

industry demand for sizeable projects that could eventually come into production, we are

very pleased to have M2R on board with us. The M2R team has a wealth of international

mining financing experience as well as corporate operations strong experience. This is a

unique blend that will be beneficial to Deep-South.”

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 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 Pierre Léveillé, President & CEO at

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

Paradox Public Relations at +1-514-341-0408.