Mr. Andrew Lee reports

DEEPROCK MINERALS TERMINATES PROPERTY PURCHASE IN ROMANIA

Deeprock Minerals Inc. and Augustine Trading Professionals SRL have mutually agreed to terminate the property purchase agreement between them dated Aug. 31, 2021, whereby the company was to purchase from Augustine a mineral property in Romania known as the Dragon Valley property.

Deeprock had advanced $275,000 of the purchase price to Augustine and had taken no further action. Upon the return of the $275,000 from Augustine to Deeprock, which is to occur before Oct. 30, 2023, the parties will have no further obligations to each other.

Andrew Lee, chief executive officer of Deeprock, explained the decision, stating: "Our focus is on the Esperanca lithium property in Brazil and the Golden Gate project in New Brunswick, so dropping the Dragon Valley property and getting our cash back makes a lot of sense. The company is currently evaluating its strategies and expects to provide further guidance in the coming weeks."

We seek Safe Harbor.