ACM.CN · 2020-04-22

DEEP-NR28-MegastarOptionAmendment-22Apr2020

Property Options & Staking

NEWS RELEASE

DeepRock Receives Extension for Ralleau Property in Quebec

April 22, 2020 - Vancouver, British Columbia CSE:DEEP

Vancouver, BC, Canada, April 22, 2020 - DeepRock Minerals Inc. (the “Company”) announces it has entered into an Amended Option Agreement with Megastar Development Corporation (the “Optionor”) with respect to Megastar’s wholly-owned Ralleau Property (the “Property”). The original Option Agreement calls for the payment of $75,000 on or before April 5, 2020. The parties have agreed to extend the deadline to December 31, 2020. In consideration of the extension, the Company has agreed to issue the Optionor an additional 300,000 common shares on or before April 23, 2020.

The Property consists of 59 claims, covering a total of 3,323.85 hectares and in a favorable area of Volcanogenic Massive Sulfide (VMS) mineralization within the Abitibi Greenstone Belt, approximately 40 km east of Lebel-Sur-Quévillon, Quebec and approximately 20km southeast of the NYRSTAR’s producing Langlois mine. The Langlois mine produces zinc and copper concentrates, with silver and gold by-products.

The Company has completed the rest of the requirements under the original Option Agreement.

ON BEHALF OF THE BOARD OF DIRECTORS

/s/ Richard Shatto Richard Shatto Chief Executive Officer

For information please contact:

Phone: 604.807.6334 Email [email protected]

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation. The forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of the date of this news release and the Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

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