HIGH COURT OF NAMIBIA ORDERS MINISTRY TO FILE DEFENSE BY 22 APRIL 2022

VANCOUVER, BC, March 23, 2022 /PRNewswire/ – Deep-South Resources Inc. (“Deep-South” or “the Company”) (TSXV: DSM) reports that at the hearing held on March 22, 2022the judge ordered legal counsel for the Ministry of Mines and Energy to Namibia (“Department”) to file its affidavit in defense no later than April 22, 2022. Lawyers from the Deep South will have up to May 13, 2022 to file their reply in defense of the Ministry.

The judge also drew the parties’ attention to Part 6 of the High Court Rules. Part 6 deals with penalties for failure to follow rules, directions or court orders. Sanctions could be applied in the event of non-compliance with deadlines or an undue request for an extension.

The Court will hold another hearing on May 18, 2022to define subsequent procedures regarding the review of the Minister’s decision to refuse the renewal of the Haib Copper EPL 3140 exploration permit.

The Company will provide regular updates on this and any other matters regarding this situation.

About Deep-South Resources Inc.

Deep-South Resources is a mining exploration and development company. Deep-South’s growth strategy is to focus on exploring and developing quality assets in significant mineralized trends and near infrastructure in stable lands. By using and evaluating environmentally friendly technologies in the development of its copper project, Deep-South is embracing 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 press release that is not statements of historical facts may constitute “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”, “consider”, “plan”, “intend”, “continue”, “budget”, “estimate”, “may”, ” will, “plan”, “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 license, the Company’s intention to challenge the Minister’s decision in the courts of Namibia and the outcome of these proceedings.

Forward-looking information is necessarily based on a number of estimates and assumptions which, although believed to be 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 others: political risks associated with the Company’s activities in Namibia; the Namibian government’s failure to comply with its ongoing obligations under the law to permit renewal of the license; the impact of changes in or more aggressive enforcement of laws, regulations and governmental practices; the inability of the Company and its subsidiaries to enforce their legal rights in certain circumstances. For other risk factors, please consult the latest management reports filed by the Company, available on SEDAR at www.sedar.com.

There can be no assurance that any forward-looking information and statements will prove to be accurate, as numerous factors and future events, 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 of these factors should be carefully considered when making decisions regarding Deep-South, and potential investors should not place undue reliance on forward-looking information. The forward-looking information contained in this press release is made as of the date hereof. The Company undertakes no obligation to update or revise the forward-looking information to reflect changes in assumptions, changes in circumstances or any other event affecting such forward-looking information, except as required by applicable law.

SOURCE Deep-South Resources Inc.

Comments are closed.