Mr. Pierre Leveille reports

DEEP-SOUTH GRANT OPTIONS

Deep-South Resources Inc. has granted an aggregate of one million stock options of the company to Euro Alloys Ltd. Each option entitles its holder to purchase one common share of the company at a price of 15 cents per share until Dec. 31, 2021. The options were granted in accordance with Policy 4.4 of the TSX Venture Exchange and the terms and conditions of the company's stock option plan.

The options were originally part of an agreement with Euro Alloys announced on March 8, 2019, and amended on Dec. 23, 2019. The options were not issued before today, but Euro has now met the conditions for the options to be issued.

About Deep-South Resources Inc.

Deep-South is a mineral exploration company largely held by Namibian shareholders and management, with 24 per cent, and Teck Resources Ltd., with 23 per cent of Deep-South's share capital.

Deep-South currently holds 100 per cent of the Haib copper project in Namibia, one of the largest copper porphyry deposits in Africa.

We seek Safe Harbor.