Deeprock Minerals : Announces Amendment to its Private Placement.

DeepRock Minerals Announces Change to Non-Brokered Financing

January 15, 2021 - Vancouver, British Columbia

CSE:DEEP

DeepRock Minerals Inc. ("DeepRock" or the "Company") announces an amendment to its non-brokered private placement initially announced December 23, 2020. The Company is conducting a private placement of up to 10,000,000 units (a "Unit") at $0.05 each for gross proceeds of up to $500,000 (the "Offering"). Each Unit will consist of one common share and one common share purchase warrant. The exercise price of the warrant for the Unit has now been changed to $0.06 per share, instead of the originally announced $0.05 per share. All other features of the Unit remain the same, including the exercise term of 24 months for each warrant.

The Company intends to use the proceeds of the Offering to fund work on its mineral properties 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.

For more information, please contact:

Richard Shatto, Director

Telephone: [phone]

Email: [e-mail]

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain "forward- looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements.

Page 1 of 1 | DeepRock Minerals Inc. | #1518 - 800 West Pender Street, Vancouver, BC V6C 1J8