DeepRock Minerals Announces a $300,000 Non-Brokered Private Placement

Vancouver, May 25, 2021 - DeepRock Minerals Inc. ("DeepRock" or the "Company") (CNSX:DEEP.CN), announces it will be conducting a non-brokered private placement of up to $300,000 through the sale of 6,000,000 units (a "Unit") at $0.05 each (the "Private Placement"). Each Unit will be comprised of one common share and one common share purchase warrant with an exercise price of $0.06 per share for a period of 24 months. The Company intends to use the proceeds of the Private Placement for exploration expenditures and for general working capital. All securities issued under the private placement will be subject to a four-month hold. A finder's fee may be paid in connection with the financing.

Subject to regulatory approval, the participation of the Company's directors and officers, and other related parties in the Private Placement would be considered a "related party transaction" pursuant to Multilateral Instrument 61-101-Protection of Minority Security Holders in Special Transaction ("MI 61-101"). The Company is exempt from the requirements to obtain formal valuation and minority shareholder approval in connection with the Insiders' participation in the Private Placement in reliance, respectively, on Section 5.5(b) of MI 61-101 as the Company is not listed on a "specified market" and on Section 5.7(1)(b) of MI 61-101 as a distribution of securities for cash not exceeding $2,500,000 which is approved by independent directors. The Private Placement is not expected to result in the creation of a new control person of the Company. To the Company's knowledge, there is no material information concerning the Company or its securities that has not been generally disclosed.

For more information, please contact:

Andrew Lee, CEO and Director

Telephone: (778) 302-2257
Email: andrew.deeprock@gmail.com

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