Deep Yellow Limited (ASX: DYL) (Deep Yellow or Company) confirms the issue and allotment of 25,000 shares following the conversion of 25,000 unquoted performance rights, the issue of 18,000 performance rights as a part of the Company's incentive program for staff and the lapsing of 53,030 performance rights in accordance with their terms.

Contact:

John Borshoff

Tel: +61 8 9286 6999

Email: john.borshoff@deepyellow.com.au

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