Koryx Copper Inc (KRYXF)

[BlazingStocks]

I'm thinking that if $DSMTF provides all the necessary paperwork backing up their claims that the Ministry will issue a license rather quickly...hence the expedited court date.

[Trooperstocks]

Deep-South Resources is a mineral exploration and development company Deep-South growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and in proximity to infrastructure in stable countries. In using and assessing environmentally friendly technologies in the development of its copper project, Deep-South embraces the green revolution. $DSMTF

[ProfitScout]

I will be watching closely for further developments announced from DSMTF on this legal case. It seems to me that the company has a very good chance of prevailing and that would be extremely positive for shareholder value here.

[ProfitScout]

The DSMTF legal claim is moving forward quite rapidly with the Nambia High Court ordering the next filings to be made by November 11th. Generally, legal issues take long periods to resolve or even make any progress at all. It is very encouraging to see this case moving ahead so quickly. A positive ruling for DSMTF could mean a lot here.

[BlazingStocks]

Nice $DSMTF volume so far this morning...

[budfoxfun]

Agree, positive steps here.

DSMTF

[BlazingStocks]

From reading the latest $DSMTF, it seems as though once the company produces all paperwork showing involvement of the Ministry in the changing of the Study, and notification of cmsaid changes...we should expect a license to be issued shortly afterwards.

[budfoxfun]

The Company is vigorously contesting the decision by all means necessary and available under the Minerals (Prospecting and Mining) Act (the "Act") and other applicable laws of Namibia. In its application for renewal and subsequent representations made to the Ministry, the Company maintains that it clearly demonstrated having met all criteria under the Act to justify the renewal of its Licence.

DSMTF

[BlazingStocks]

Looking forward to a resolution... looks like miscommunication within the Ministry. $DSMTF

Moreover, the Ministry issued all permits required for the drilling program and are well aware that Deep-South has completed the drilling program.

[BlazingStocks]

$DSMTF trading just over 60% of its average volume with less than 2.5 hours left in the day, on the News today...

News November 02, 2021

High Court of Namibia orders the Ministry of Mines to file further documents with the Court before November 11, 2021 https://finance.yahoo.com/news/high-court-namibia-orders-ministry-143000060.html

[BlazingStocks]

Very nice to see more progress by $DSMTF...And we know that there'll be more updates after the 11th too.

[Trooperstocks]

Excellent progress here for $DSMTF

[Trooperstocks]

News: $DSMTF High Court of Namibia orders the Ministry of Mines to file further documents with the Court before November 11, 2021

Tue, November 2, 2021, 10:30 AM·3 min read
In this article:

DSMTF


VANCOUVER, BC, Nov. 2, 2021 /CNW/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSX-V: DSM) reports that at the Court hearing on October 28, 2021, the High Court of Namibia ordered the Ministry of Mines and Energy of Namibia ("Ministry") to complete its filing of the documents supporting the decision of the Minister to refuse the Haib Copper licence renewal before November 11, 2021. The Ministry proceeded with a first filing on October 21, 2021 but it was not complete and did not include any documents directly related to the decision of the Minister to deny the renewal of the Haib Copper licence.

High Court of Namibia orders The Ministry Of Mines to file further documents with the Court before November 11, 2021 (CNW Group/Deep-South Resources Inc.)
High Court of Namibia orders The Ministry Of Mines to file further documents with the Court before November 11, 2021 (CNW Group/Deep-South Resources Inc.)
The Court will hold another hearing on November 11, 2021, to define the further procedures with regards to the review of the decision of the Minister.

The Company will provide regular updates in this regard and any other matter concerning this situation.

As disclosed in our press release dated June 16, 2021, the Company had received notice from the Ministry informing the Company that its application for the renewal of its EPL had been denied citing the Company's inability to advance the EPL to Pre-Feasibility and complete the proposed drilling program as planned. The Company maintains that the Ministry was kept well apprised, with no objection on their part, of a proposed change from the Pre-Feasibility study to an upgraded Preliminary Economic Assessment (PEA) and commencement of a full feasibility study. The latter was already started at the time of the refusal. Moreover, the Ministry issued all permits required for the drilling program and are well aware that Deep-South has completed the drilling program.

As a result of the Minister's refusal to renew the Licence, the Company terminated all work on site and proceeded with the retrenchment of its employees on site.

The Company is vigorously contesting the decision by all means necessary and available under the Minerals (Prospecting and Mining) Act (the "Act") and other applicable laws of Namibia. In its application for renewal and subsequent representations made to the Ministry, the Company maintains that it clearly demonstrated having met all criteria under the Act to justify the renewal of its Licence.

About Deep-South Resources Inc

Deep-South Resources is a mineral exploration and development company Deep-South growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and in proximity to infrastructure in stable countries. In using and assessing environmentally friendly technologies in the development of its copper project, Deep-South embraces the green revolution.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Information

Information contained in this news release which are not statements of historical facts may be "forward-looking information" for the purposes of Canadian securities laws. Such forward-looking information involves risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward looking information. The words "believe", "expect", "anticipate", "contemplate", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule", "understand" and similar expressions identify forward-looking information. These forward-looking statements relate to, among other things: the Minister's refusal to renew the Company's Licence, the Company's intention to contest the Minister's decision before the Courts of Namibia and the outcome of such proceedings.

Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by Deep-South, are inherently subject to significant technical, political, business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information. Factors and assumptions that could cause actual results or events to differ materially from current expectations include, among other things: political risks associated with the Company's operations in Namibia; the failure of the Namibian Government to comply with its continuing obligations under the Act to allow for the renewal of the Licence; the impact of changes in, or to the more aggressive enforcement of, laws, regulations and government practices; the inability of the Company and its subsidiaries to enforce their legal rights in certain circumstances. For additional risk factors, please see the Company's most recently filed Management Discussions & Analysis for its quarter ended ended February 28, 2021 available on SEDAR at www.sedar.com.

There can be no assurances that forward-looking information and statements will prove to be accurate, as many factors and future events, both known and unknown could cause actual results, performance or achievements to vary or differ materially from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained herein or incorporated by reference. Accordingly, all such factors should be considered carefully when making decisions with respect to Deep-South, and prospective investors should not place undue reliance on forward looking information. Forward-looking information in this news release is made as at the date hereof. The Company assumes no obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law.

Suite 888, 700 West Georgia, Vancouver, British Columbia, V7Y 1G5
Tel: [phone]. E-mail: [e-mail]
Web site: http://www.deepsouthresources.com


View original content to download multimedia:https://www.prnewswire.com/news-releases/high-court-of-namibia-orders-the-ministry-of-mines-to-file-further-documents-with-the-court-before-november-11-2021-301414283.html

SOURCE Deep-South Resources Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2021/02/c1683.html

[ProfitScout]

Very good to see more progress for DSMTF announced today with the company's legal claims to its high value copper mines moving forward. This is quick action by the High Court of Nambia which can help the company get back on track soon.

High Court of Namibia orders the Ministry of Mines to file further documents with the Court before November 11, 2021
10:30 am ET November 2, 2021 (PR Newswire)

Deep-South Resources Inc. ("Deep-South" or "the Company") (TSX-V: DSM) reports that at the Court hearing on October 28, 2021, the High Court of Namibia ordered the Ministry of Mines and Energy of Namibia ("Ministry") to complete its filing of the documents supporting the decision of the Minister to refuse the Haib Copper licence renewal before November 11, 2021. The Ministry proceeded with a first filing on October 21, 2021 but it was not complete and did not include any documents directly related to the decision of the Minister to deny the renewal of the Haib Copper licence.

https://mma.prnewswire.com/media/1676798/Deep_South_Resources_Inc__High_Court_of_Namibia_orders_The_Minis.jpg

The Court will hold another hearing on November 11, 2021, to define the further procedures with regards to the review of the decision of the Minister.

The Company will provide regular updates in this regard and any other matter concerning this situation.

As disclosed in our press release dated June 16, 2021, the Company had received notice from the Ministry informing the Company that its application for the renewal of its EPL had been denied citing the Company's inability to advance the EPL to Pre-Feasibility and complete the proposed drilling program as planned. The Company maintains that the Ministry was kept well apprised, with no objection on their part, of a proposed change from the Pre-Feasibility study to an upgraded Preliminary Economic Assessment (PEA) and commencement of a full feasibility study. The latter was already started at the time of the refusal. Moreover, the Ministry issued all permits required for the drilling program and are well aware that Deep-South has completed the drilling program.

As a result of the Minister's refusal to renew the Licence, the Company terminated all work on site and proceeded with the retrenchment of its employees on site.

The Company is vigorously contesting the decision by all means necessary and available under the Minerals (Prospecting and Mining) Act (the "Act") and other applicable laws of Namibia. In its application for renewal and subsequent representations made to the Ministry, the Company maintains that it clearly demonstrated having met all criteria under the Act to justify the renewal of its Licence.

About Deep-South Resources Inc

Deep-South Resources is a mineral exploration and development company Deep-South growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and in proximity to infrastructure in stable countries. In using and assessing environmentally friendly technologies in the development of its copper project, Deep-South embraces the green revolution.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Information

Information contained in this news release which are not statements of historical facts may be "forward-looking information" for the purposes of Canadian securities laws. Such forward-looking information involves risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward looking information. The words "believe", "expect", "anticipate", "contemplate", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule", "understand" and similar expressions identify forward-looking information. These forward-looking statements relate to, among other things: the Minister's refusal to renew the Company's Licence, the Company's intention to contest the Minister's decision before the Courts of Namibia and the outcome of such proceedings.

Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by Deep-South, are inherently subject to significant technical, political, business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information. Factors and assumptions that could cause actual results or events to differ materially from current expectations include, among other things: political risks associated with the Company's operations in Namibia; the failure of the Namibian Government to comply with its continuing obligations under the Act to allow for the renewal of the Licence; the impact of changes in, or to the more aggressive enforcement of, laws, regulations and government practices; the inability of the Company and its subsidiaries to enforce their legal rights in certain circumstances. For additional risk factors, please see the Company's most recently filed Management Discussions & Analysis for its quarter ended ended February 28, 2021 available on SEDAR at www.sedar.com.

There can be no assurances that forward-looking information and statements will prove to be accurate, as many factors and future events, both known and unknown could cause actual results, performance or achievements to vary or differ materially from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained herein or incorporated by reference. Accordingly, all such factors should be considered carefully when making decisions with respect to Deep-South, and prospective investors should not place undue reliance on forward looking information. Forward-looking information in this news release is made as at the date hereof. The Company assumes no obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law.

Suite 888, 700 West Georgia, Vancouver, British Columbia, V7Y 1G5 Tel: [phone]. E-mail: [e-mail] Web site: http://www.deepsouthresources.com

https://c212.net/c/img/favicon.png?sn=TO60977&sd=2021-11-02

View original content to download multimedia:https://www.prnewswire.com/news-releases/high-court-of-namibia-orders-the-ministry-of-mines-to-file-further-documents-with-the-court-before-november-11-2021-301414283.html

SOURCE Deep-South Resources Inc.

[budfoxfun]

$DSMTF High Court of Namibia orders the Ministry of Mines to file further documents with the Court before November 11, 2021 https://finance.yahoo.com/news/high-court-namibia-orders-ministry-143000060.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @Yahoo

[BlazingStocks]

We're due for an update on the $DSMTF court hearing...

[budfoxfun]

Solid mining company here, big things coming!

DSMTF

[BlazingStocks]

Great find... definitely bodes well for $DSMTF.

[ProfitScout]

DSMTF has high opportunity with its copper mining focus and all the increased demand for this precious metal in the world today. There are also moves to close down some copper mining in the US and other countries at this time which could make the DSMTF operation in Nambia even more important and valuable.

Note this recent headline -

The White House moves to ban copper mining near wilderness area in Minnesota
MPR News | By Dan KrakerPublished October 28, 2021 at 5:08 AM EDT
Link:
https://www.wfae.org/united-states-world/2021-10-28/the-white-house-moves-to-ban-copper-mining-near-wilderness-area-in-minnesota

[BlazingStocks]

We should see an update from $DSMTF on the court hearing...

The Court will hold another hearing on October 28, 2021, to define the further procedures with regards to the review of the decision of the Minister.

[budfoxfun]

+18.13% strong close on Friday!

DSMTF

[ProfitScout]

Deep-South Extends Warrant Terms

3:41 pm ET October 22, 2021 (PR Newswire)

Deep-South Resources Inc. ("Deep-South" or the "Company") (TSXV: DSM) announces that it will extend the exercise period of the first tranche of 800,000 share purchase warrants for a further two years term and the second tranche of 2,731,500 share purchase warrants for a further two years term. The warrants which are exercisable at a price of $0.20 per common share, were scheduled to expire for the first tranche November 22, 2021 and for the second tranche March 5, 2022. Upon receipt of TSX Venture Exchange acceptance of this transaction, the warrants will expire after the close of business for the first tranche on November 22, 2023 and the second tranche March 5, 2024. The share purchase warrants were originally issued pursuant to a 7,125,000 units private placement, which closed on November 22, 2018 and March 5, 2019.

About Deep-South Resources Inc.

Deep-South Resources is a mineral exploration and development company Deep-South growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and in proximity to infrastructure in stable countries. In using and assessing environmentally friendly technologies in the development of its copper project, Deep-South embraces the green revolution.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Information

Information contained in this news release which are not statements of historical facts may be "forward-looking information" for the purposes of Canadian securities laws. Such forward-looking information involves risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward looking information. The words "believe", "expect", "anticipate", "contemplate", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule", "understand" and similar expressions identify forward-looking information. These forward-looking statements relate to, among other things: the Minister's refusal to renew the Company's Licence, the Company's intention to contest the Minister's decision before the Courts of Namibia and the outcome of such proceedings.

Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by Deep-South, are inherently subject to significant technical, political, business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information. Factors and assumptions that could cause actual results or events to differ materially from current expectations include, among other things: political risks associated with the Company's operations in Namibia; the failure of the Namibian Government to comply with its continuing obligations under the Act to allow for the renewal of the Licence; the impact of changes in, or to the more aggressive enforcement of, laws, regulations and government practices; the inability of the Company and its subsidiaries to enforce their legal rights in certain circumstances. For additional risk factors, please see the Company's most recently filed Management Discussions & Analysis for its quarter ended ended February 28, 2021 available on SEDAR at www.sedar.com.

There can be no assurances that forward-looking information and statements will prove to be accurate, as many factors and future events, both known and unknown could cause actual results, performance or achievements to vary or differ materially from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained herein or incorporated by reference. Accordingly, all such factors should be considered carefully when making decisions with respect to Deep-South, and prospective investors should not place undue reliance on forward looking information. Forward-looking information in this news release is made as at the date hereof. The Company assumes no obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law.

https://c212.net/c/img/favicon.png?sn=TO49768&sd=2021-10-22

View original content:https://www.prnewswire.com/news-releases/deep-south-extends-warrant-terms-301406895.html

SOURCE Deep-South Resources Inc.

https://rt.prnewswire.com/rt.gif?NewsItemId=TO49768&Transmission_Id=202110221540PR_NEWS_USPR_____TO49768&DateId=20211022

[ProfitScout]

High Court of Namibia Orders the Ministry of Mines to File Documents with the Court Before October 10, 2021

8:10 am ET September 24, 2021 (PR Newswire)
Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) reports that at the Court hearing on September 16, 2021, the High Court of Namibia ordered the Ministry of Mines and Energy of Namibia to file the documents supporting the decision of the Minister to refuse the Haib Copper licence renewal. After the filing of the Ministry's documents, Haib Minerals (the subsidiary of Deep-South holding the licence) will have until October 21, 2021 to supplement or amend its own documents filed on July 20, 2021.

https://mma.prnewswire.com/media/1634539/Deep_South_Resources_Inc__High_Court_of_Namibia_Orders_the_Minis.jpg

The Court will hold another hearing on October 28, 2021, to define the further procedures with regards to the review of the decision of the Minister.

The Company will provide regular updates in this regard and any other matter concerning this situation.

As disclosed in our press release dated June 16, 2021, the Company had received notice from the Ministry informing the Company that its application for the renewal of its EPL had been denied citing the Company's inability to advance the EPL to Pre-Feasibility and complete the proposed drilling program as planned. The Company maintains that the Ministry was kept well apprised, with no objection on their part, of a proposed change from the Pre-Feasibility study to an upgraded Preliminary Economic Assessment (PEA) and commencement of a full feasibility study. The latter was already started at the time of the refusal. Moreover, the Ministry issued all permits required for the drilling program and are well aware that Deep-South has completed the drilling program.

As a result of the Minister's refusal to renew the Licence, the Company terminated all work on site and proceeded with the retrenchment of its employees on site.

The Company is vigorously contesting the decision by all means necessary and available under the Minerals (Prospecting and Mining) Act (the "Act") and other applicable laws of Namibia. In its application for renewal and subsequent representations made to the Ministry, the Company maintains that it clearly demonstrated having met all criteria under the Act to justify the renewal of its Licence.

About Deep-South Resources Inc

Deep-South Resources is a mineral exploration and development company Deep-South growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and in proximity to infrastructure in stable countries. In using and assessing environmentally friendly technologies in the development of its copper project, Deep-South embraces the green revolution.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Information

Information contained in this news release which are not statements of historical facts may be "forward-looking information" for the purposes of Canadian securities laws. Such forward-looking information involves risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward looking information. The words "believe", "expect", "anticipate", "contemplate", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule", "understand" and similar expressions identify forward-looking information. These forward-looking statements relate to, among other things: the Minister's refusal to renew the Company's Licence, the Company's intention to contest the Minister's decision before the Courts of Namibia and the outcome of such proceedings.

Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by Deep-South, are inherently subject to significant technical, political, business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information. Factors and assumptions that could cause actual results or events to differ materially from current expectations include, among other things: political risks associated with the Company's operations in Namibia; the failure of the Namibian Government to comply with its continuing obligations under the Act to allow for the renewal of the Licence; the impact of changes in, or to the more aggressive enforcement of, laws, regulations and government practices; the inability of the Company and its subsidiaries to enforce their legal rights in certain circumstances. For additional risk factors, please see the Company's most recently filed Management Discussions & Analysis for its quarter ended ended February 28, 2021 available on SEDAR at www.sedar.com.

There can be no assurances that forward-looking information and statements will prove to be accurate, as many factors and future events, both known and unknown could cause actual results, performance or achievements to vary or differ materially from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained herein or incorporated by reference. Accordingly, all such factors should be considered carefully when making decisions with respect to Deep-South, and prospective investors should not place undue reliance on forward looking information. Forward-looking information in this news release is made as at the date hereof. The Company assumes no obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law.

https://c212.net/c/img/favicon.png?sn=TO18334&sd=2021-09-24

View original content to download multimedia:https://www.prnewswire.com/news-releases/high-court-of-namibia-orders-the-ministry-of-mines-to-file-documents-with-the-court-before-october-10-2021-301384709.html

SOURCE Deep-South Resources Inc.

https://rt.prnewswire.com/rt.gif?NewsItemId=TO18334&Transmission_Id=202109240810PR_NEWS_USPR_____TO18334&DateId=20210924

[Trooperstocks]

About Deep-South Resources Inc

Deep-South Resources is a mineral exploration and development company Deep-South growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and in proximity to infrastructure in stable countries. In using and assessing environmentally friendly technologies in the development of its copper projects, Deep-South embraces the green revolution. $DSMTF

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

[Trooperstocks]

"We are very pleased that the Company is now DTC eligible, providing US investors further opportunities to participate in Deep-South's growth," said Pierre Leveille, CEO of Deep-South. "Deep-South's stock is now traded in Canada, Germany, and the United States. We are well positioned in both domestic and international markets to grow our global investor base." $DSMTF

[Trooperstocks]

DSMTF Deep-South Receives DTC Eligibility in the US

VANCOUVER, BC /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) announces that it has received Depository Trust & Clearing Corporation ("DTC") eligibility, making the Company's securities more accessible to US investors.


The DTC is the largest securities depository in the world and facilitates electronic settlement of stock certificate transfers in the United States. The shares of the Company, trading under the symbol "DSMTF" and Cusip # 24378W103 in the United States, are now eligible to be electronically cleared and settled through the DTC and is therefore considered "DTC eligible". This electronic method of clearing securities accelerates the settlement process for investors and brokers.

"We are very pleased that the Company is now DTC eligible, providing US investors further opportunities to participate in Deep-South's growth," said Pierre Leveille, CEO of Deep-South. "Deep-South's stock is now traded in Canada, Germany, and the United States. We are well positioned in both domestic and international markets to grow our global investor base."

About Deep-South Resources Inc

Deep-South Resources is a mineral exploration and development company Deep-South growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and in proximity to infrastructure in stable countries. In using and assessing environmentally friendly technologies in the development of its copper projects, Deep-South embraces the green revolution.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Information

Information contained in this news release which are not statements of historical facts may be "forward-looking information" for the purposes of Canadian securities laws. Such forward-looking information involves risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward looking information. The words "believe", "expect", "anticipate", "contemplate", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule", "understand" and similar expressions identify forward-looking information. These forward-looking statements relate to, among other things: the Minister's refusal to renew the Company's Licence, the Company's intention to contest the Minister's decision before the Courts of Namibia and the outcome of such proceedings.

Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by Deep-South, are inherently subject to significant technical, political, business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information. Factors and assumptions that could cause actual results or events to differ materially from current expectations include, among other things: political risks associated with the Company's operations in Namibia; the failure of the Namibian Government to comply with its continuing obligations under the Act to allow for the renewal of the Licence; the impact of changes in, or to the more aggressive enforcement of, laws, regulations and government practices; the inability of the Company and its subsidiaries to enforce their legal rights in certain circumstances. For additional risk factors, please see the Company's most recently filed Management Discussions & Analysis for its quarter ended ended February 28, 2021 available on SEDAR at www.sedar.com.

There can be no assurances that forward-looking information and statements will prove to be accurate, as many factors and future events, both known and unknown could cause actual results, performance or achievements to vary or differ materially from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained herein or incorporated by reference. Accordingly, all such factors should be considered carefully when making decisions with respect to Deep-South, and prospective investors should not place undue reliance on forward looking information. Forward-looking information in this news release is made as at the date hereof. The Company assumes no obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law.

Cision
Cision
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