Dv Resources Business Combination with Deepgreen Resources Has Lapsed

DV RESOURCES LTD.

SUITE 3123 - 595 BURRARD STREET

VANCOUVER, BC V7X 1J1

Tel: 604-609-6110 Fax: 604-609-6145

DV RESOURCES BUSINESS COMBINATION WITH DEEPGREEN RESOURCES HAS LAPSED

Vancouver, British Columbia, November 2, 2017 – DV Resources Ltd. (“DV” or the “Company”) (TSXV – DLV.H)

announces that, due to certain conditions precedent to its proposed business combination transaction with

DeepGreen Resources Inc. (“DeepGreen”), which was originally announced by DV on May 30, 2017, remaining

unfulfilled, and by mutual agreement, DeepGreen and DV have allowed the amalgamation agreement to lapse

as of October 31, 2017.

DeepGreen has advised DV that it has determined to raise capital privately and postpone its going public

process.

The Company further announces the resignation of Brian Paes-Braga as Director, and Melinda Coghill as CFO and

Corporate Secretary. Jasvir Kaloti has been appointed CFO and Corporate Secretary of the Company.

Trading in the common shares of the Company which was halted on anno uncement of the proposed transaction

will resume trading on Monday, November 6, 2017.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in policies of the Exchange)

accepts responsibility for the adequacy or accuracy of this news release.

For further information please contact:

DV Resources Ltd.

Jasvir Kaloti

CFO and Corporate Secretary

Tel: (604) 609-6138