Calgary,Alberta – October 26, 2023 / CNW / – DeepMarkit Corp., (“DeepMarkit” or the“Company”) (TSXV: MKT) (OTC: MKTDF) (FRA: DEP) is pleased to announce the closing of its previously announced private placement of units (the "Offering").

Pursuant to the closing of the Offering, theCompany issued 950,000 units ("Units") for a price of $0.10 per Unit, for gross proceeds of $95,000.Each Unit is comprised of one common share of DeepMarkit (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant").  Each Warrant will entitle the holder to purchase one additional Common Share at an exercise price of $0.20 for a period of twelve (12) months from the date of issuance.  

DeepMarkit intends to use the net proceeds of the Offering for general working capital purposes.

The Common Shares and Warrants issued will be subject to a four-month hold period from the date of the closing of theOffering.  DeepMarkit did not pay any finder's fee or commissions with respect to the closing of the Offering.

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 itsRegulation Services Provider (as that term is defined in the policies of theTSX Venture Exchange) accept responsibility for the adequacy or accuracy ofthis 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 identification of new and innovative technologies, including AI based technologies, the intention for such technologies to benefit or complementMintCarbon.io, and the Company's expectations with respect to the MintCarbon.iobusiness. 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 June 30, 2023 and the Company's other public filings which are available under the Company's profile on SEDAR atwww.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.

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