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Deep-South Resources Inc
Symbol DSM
Shares Issued 54,690,857
Close 2018-05-18 C$ 0.26
Market Cap C$ 14,219,623
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Deep-South appoints Roy as director, Monette resigns

2018-05-22 13:37 ET - News Release

Mr. Pierre Leveille reports

DEEP-SOUTH RESOURCES APPOINTS ROY AS DIRECTOR AND MONETTE RESIGNS FROM THE BOARD OF DIRECTORS

Deep-South Resources Inc. has appointed Jean-Luc Roy as a director. Hugo Monette has resigned from the board of directors.

Mr. Roy has been a major contributor to the development of several important corporations in Africa during the last 30 years working for majors, mid-tiers and junior exploration companies. He brings to Deep-South, as an independent director, a wealth of experience in all aspects of exploration from generating, negotiating, financing and managing projects, to corporate, community and governmental relations.

Mr. Roy's extensive exploration and mining company experience includes:

  • Managing director of First Quantum Minerals Ltd. (in the Democratic Republic of the Congo);
  • President and chief executive officer of El Nino Venture Inc., mainly focusing on the Democratic Republic of the Congo project acquisitions, financing and management;
  • Chief operating officer of Ampella Mining Ltd. (a division of Centamin PLC), supervising exploration and development of the projects in West Africa;
  • General manager of Resolute Mining Ltd., supervising all operations in Mali.

Mr. Roy is presently a director for Can Alaska Uranium, where he has served as audit comittee chairman and also on the compensation and corporate governance comittees.

The board of directors and management would like to thank Mr. Monette for his dedication and contribution to the company's development.

About Deep-South Resources Inc.

Deep-South is a mineral exploration company largely held by Namibian shareholders and Teck Resources Ltd., which holds about 35 per cent 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 per cent of the Haib copper project in Namibia, one of the largest copper porphyries 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 politically stable countries.

We seek Safe Harbor.

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