Calgary, Alberta – TheNewswire - June 20, 2023 / CNW / – DeepMarkit Corp., (“DeepMarkit” or the “Company”) (TSXV: MKT) (OTC:MKTDF) (FRA:DEP) is pleased to announce that at the special meeting of shareholders held on June 8, 2023, the Corporation's shareholders approved the consolidation of the Company's outstanding common shares ("Common Shares"). Subject to approval by the TSX Venture Exchange (the "Exchange"), the Corporation anticipates filing articles of amendment to consolidate the Common Shares on the basis of one (1) post-consolidation Common Share for every (40) issued and outstanding pre-consolidation Common Shares (the "Consolidation"), on or about June 21, 2023, with the Common Shares expected to trade on the Exchange on a consolidated basis on or about June 22, 2023.

Following the Consolidation, the Corporation will have approximately 4,246,571 Common Shares outstanding, subject to rounding (169,862,828 Common Shares are outstanding currently). No fractional Common Shares will be issued pursuant to the Consolidation and any fractional shares that would have otherwise been issued will be rounded down or up to the nearest whole Common Share, with 0.5 of a Common Share being rounded up.

A letter of transmittal will be sent by mail to registered shareholders advising them that the Consolidation has taken effect. The letter of transmittal will contain instructions on how registered shareholders can exchange their share certificates or Direct Registration System ("DRS") statements evidencing their pre-consolidation Common Shares for new share certificates or new DRS statements representing the number of post-Consolidation Common Shares to which they are entitled.

The exercise or conversion price and the number of Common Shares issuable under any of the Company's outstanding warrants, stock options and restricted share units will be proportionately adjusted to reflect the Consolidation in accordance with the respective terms thereof.

The Company is implementing the Consolidation to increase the trading price of the Common Shares in order to potentially broaden the pool of investors that may consider investing in the Company, thereby increasing liquidity, and to maintain the minimum closing bid price required by the OTCQB in order to maintain the Company's listing.

The Company will not be changing its name in connection with the Consolidation.

ABOUT DEEPMARKIT

DeepMarkit Corp. is a technology company focused on democratizing access to the voluntary carbon offset market by minting offsets into NFTs. Its common shares are listed on the TSX Venture Exchange under the “MKT” stock symbol, on the OTC market in the United States under the “MKTDF” symbol and on the Frankfurt Stock Exchange under the “DEP” symbol. DeepMarkit Corp. is a software infrastructure company operating in the tokenization vertical of the blockchain. Its primary asset, MintCarbon.io, is a web-based platform that facilitates the minting of carbon offsets into NFTs (based on the ERC-1155 standard) or other secure tokens (based on the ERC-20 standard).

On behalf of:

DEEPMARKIT CORP.

"Ranjeet Sundher"

Ranjeet Sundher, CEO

For more information, please contact:

Ranjeet Sundher, CEO

Tel: 403-537-0067

Email: corp@deepmarkit.com

Web: www.deepmarkit.com/

Twitter: @DeepMarkit

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

CAUTIONARY STATEMENT

Statements in this news release may contain forward-looking information. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements, including statements relating to the completion of the Consolidation, the effective date of the consolidation, the expected date that the Common Shares will resume trading on the Exchange, and the expected benefits of the Consolidation. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of DeepMarkit.  Additional information regarding risks and uncertainties of the Company's business are contained under the heading "Business Risks and Uncertainties" in the Company's MD&A in respect of the interim period ended March 31, 2022 and the Company's other public filings which are available under the Company's profile on SEDAR at www.sedar.com. Various factors can cause the actual results to differ materially from those in forward-looking statements. The reader is cautioned not to place undue reliance on any forward-looking information.

The forward-looking statements contained in this news release are made as of the date of this news release and DeepMarkit does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities law.