Deep-South Resources Appoints Ukwazi of South Africa to Prepare a Ni 43-101 Technical Report

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 UKWAZI OF SOUTH AFRICA TO

PREPARE A NI 43-101 TECHNICAL REPORT

Vancouver, B.C., Canada – October 30, 2018 – Deep-South Resources Inc. ("Deep-

South" or “the Company") (TSX-V: DSM) announces that it has appointed Ukwazi

Mining Studies (Pty) Ltd (“Ukwazi”) of South Africa with the mandate to prepare a

technical qualification report compliant with NI 43-101 for the Kapili Tepe project in

Turkey. The report will cover all the exploration programs and results previously carried

out on the Licenses, will plan and recommend exploration work programs and budgets

and will serve as a base for the future resource estimation in compliance with NI 43-101.

Ukwazi is a specialized mining and exploration services consultant group. They cover

various sectors of the mining industry such as mining e ngineering, mine planning,

project management as well as exploration planning and budgeting and independent

resources and reserves estimations. Ukwazi covers all Africa as well as Asia, Europe

and specifically Turkey. Since its creation in 2004, Ukwazi has worked for many major

mining companies and exploration companies. For more information about Ukwazi,

please visit: www/ukwazi.com.

Pierre Léveillé President & CEO of Deep-South as commented: “We are glad to have

Ukwazi on board. Their vast diversified expertise and their knowledge of Turkey will be

highly beneficial to Deep-South.”

Private Placement

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

up to $600,000 (“the Offering”).

The non-brokered private placement will comprise up to 5,000,000 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 half (1/2) of one common share purchase warrant (“Warrant”) of

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

South common share at an exercise price of $0.20 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 closing of

the placement.

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

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 deposits in Africa. Deep-South is

currently completing the acquisition of the Kapili Tepe project in Turkey, an important

copper, nickel, cobalt and gold exploration target. 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 t hose

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.