CDE

Deep Resources Corp. ("Challenger" or the "Company") (TSX VENTURE:CDE) is
pleased to announce that, through its wholly owned subsidiary, PT Bestindo
Energy, it has entered into an Exclusivity Agreement to purchase all of the
shares of PT HAAS ("HASS"), a private Indonesian company. HAAS owns mining
infrastructure in the area and has the right to mine and market coal from the
Alam Bahteria Barito Raya ("ABBR") coal project in Central Kalimantan,
Indonesia.


The Exclusivity Agreement with HAAS gives Challenger the exclusive right, for a
period of sixty days, to conduct due diligence on the HAAS assets, including the
coal "Mining Operation-Production Agreement" for the ABBR project and its
related mining infrastructure, and to purchase the HASS shares if it is
satisfied with the due diligence review. The Mining Operation-Production
Agreement will give Challenger control of all coal production and marketing
within the ABBR project area. 


The ABBR Coal Project is located in the Murah Teweh district of Central
Kalimantan and is 12 kilometers east of the Barito River, the main river coal
transportation route for the area. 


The ABBR Coal Project is located immediately to the east of the KEM project and
lies immediately adjacent and is contiguous with the KEM project. Challenger has
an Exclusivity Agreement with respect to the KEM project mining rights (see
Challenger's news release dated February 4, 2013). The ABBR Project covers
1,787ha and has an IUP Operation Production license. 


ABBR is a multi-seam high-quality thermal coal project and covers the extension
to the same coal seams found on the previously announced KEM project. The ABBR
project underwent successful trial production during the period 2009-2010.


HASS-owned infrastructure assets incude a 12km haul road and jetty facilities on
the Barito River. Ownership of the existing infrastructure will enable an early
start to production and importantly gives complete control and security of the
coal transport process to the Barito River. The combination of the KEM and ABBR
projects will increase the production potential of the area and offer production
and marketing synergies.


Coal can either be sold FOB barge at the jetty site or transhipped further
downstream to a stockpile for later, direct loading on the Mother Vessel for
shipment to the final consumption markets.


A geological team is currently on site to commence a full evaluation of the ABBR
project including coal quality and seam interpretations. Concurrently, an
extensive desktop study has commenced to review the existing ABBR project
database. Challenger engineering staff will also carry out a full assessment of
the infrastructure assets. 


The Qualified Person (as defined by NI 43-101) responsible for the review,
verification and approval of the technical material presented in this news
release is Mr. Andre Talaska, a director of PT Bestindo Energy, a wholly owned
subsidiary of Challenger. 


About Challenger

Challenger Deep Resources Corp. is an exploration company focused on the Asian
coal industry. Challenger's business plan is to acquire, explore and to bring
its viable coal projects into production. Challenger has an experienced
Indonesian exploration and mining team with offices in Calgary, Singapore and
Jakarta.


CAUTIONARY STATEMENT

No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein. 


READER ADVISORY 

Statements in this press release may contain forward-looking information
including, statements regarding exploration and production and marketing
activities. Any statements that are contained in this press release that are not
statements of historical fact may be deemed to be forward-looking statements.
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 Challenger. Factors that could cause the actual
results to differ materially from those in forward-looking statements include,
granting of exploration and mining permits, surface access and other licenses
from Indonesian regulatory authorities, exploration results, the continued
availability of capital and financing, and general economic, market or business
conditions in North America and in the Asia Pacific region. The reader is
cautioned not to place undue reliance on any forward-looking information. There
can be no assurance that the proposed exploration and development programs in
Indonesia or other project acquisitions will be completed or, if completed, will
be successful or that coal production and sale will be achieved. Readers are
cautioned that there has been insufficient exploration to define a mineral
resource on the ABBR Project and that it is uncertain when or if either the ABBR
Project or the KEM Project will be put into production.


The forward-looking statements contained in this press release are made as of
the date of this press release, and Challenger 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Deep Resources Corp.
Ranjeet Sundher
President
+65-6220-7745


Deep Resources Corp.
Kirk Gamley or Mas Kobuchi
Investor Relations
604-689-7422
www.challengerdeep.ca

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