Mr. Andrew Lee reports

DEEPROCK MINERALS ANNOUNCES $2,000,000 CONVERTIBLE DEBENTURE OFFERING WITH 15% INTEREST

Deeprock Minerals Inc. has arranged an offering of convertible debentures with an aggregate principal of up to $2-million. Proceeds of the offering will be used to finance potential acquisitions of assets or businesses in the mineral resource sector in Brazil, advance the company's current exploration projects and for general working capital.

The debentures will mature on the date that is three years from the date of issuance and bear interest at a rate of 15 per cent per annum, payable semi-annually. The holders shall have the right to convert, at any time up to the maturity date, the principal sum of the debentures and any unpaid interest into common shares of the company at a price of 10 cents per share or such other conversion price that is acceptable to the Canadian Securities Exchange and, subject to the right of the company to accelerate the maturity date, if the closing price of the shares on the CSE has been greater than 20 cents for 10 consecutive trading days.

The company may pay registered persons a fee in accordance with the policies of the CSE and applicable securities laws comprising cash, in an amount equal to 10 per cent of the gross proceeds of the debentures and such number of share purchase warrants equal to 10 per cent of the number of common shares issuable upon the conversion of the debentures. Each finder warrant shall be exercisable into one share at an exercise price of 10 cents per share for a term of two years from the date of issuance. The finder warrant will also be subject to the right of the company to accelerate the expiry date if the closing price of the shares on the CSE is greater than 20 cents for 10 consecutive trading days.

The offering will be subject to the approval of the CSE. The debentures, finder warrants, and any securities issued upon the conversion or exercise thereof, as applicable, will be subject to resale restrictions, including a hold period of four months.

About Deeprock Minerals Inc.

Deeprock Minerals is a Canadian mineral exploration company headquartered in Vancouver, B.C., engaged in the acquisition, exploration and development of mineral resource properties.

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