Mr. Andre Tessier reports

DELTA DOUBLES ITS LAND POSITION AT THE DELTA-1 PROPERTY IN THUNDER BAY, ONTARIO

Delta Resources Ltd. has continued to further expand the Delta-1 property in Thunder Bay, Ont., by doubling its land position.

Following the previously announced acquisitions on Sept. 7, 2022, Oct. 31, 2022, December 13, 2022, Feb. 16, 2023, and May 4, 2023, Delta has now acquired the exclusive rights to an additional four mineral exploration properties covering a total of approximately 4,716 hectares contiguous to its Delta-1 property package. Accordingly, Delta has now secured a land position on strike with the Eureka gold deposit for a strike length exceeding 4.5 kilometres.

The first exploration property consists of patented ground including both surface and mining rights, covering approximately 59 hectares, located contiguous to the Delta-1 property and on strike to Eureka. During its due diligence, Delta grab samples returned up to 10.0 grams per tonne of gold (g/t Au). Delta has entered into a five-year lease agreement with the surface and mining rights landowner. During the five-year lease period, Delta will have the exclusive right to explore the property and to purchase a 100-per-cent interest in both the surface and mining rights to the property. Should Delta elect to purchase the property, it will pay market value times 10. Delta has made a one-time cash payment of $90,000 to the landowners to cover the five-year lease. Should Delta elect to purchase the property during the five-year lease period, the landowners will retain a 2-per-cent net smelter returns (NSR) royalty of which Delta can elect to buy back 1 per cent at any time for the sum of $1-million and the remaining 1 per cent for $4-million. There are no work commitments nor were any shares of the company issued.

The second exploration property includes 23 claims and covers approximately 2,348.5 hectares, located immediately south of Delta-1. Delta acquired a 100-per-cent interest by making a one-time cash payment of $50,000 and the vendor retains a 2-per-cent NSR with a 0.5-per-cent buyback for $1-million and an additional 0.5-per-cent buyback for $1-million, and the remaining 1 per cent for $4-million. There are no work commitments nor were any shares of the company issued.

The third exploration property includes 97 claims and covers 2,056.4 hectares located south of Delta-1. Delta has paid $50,000 on signing with an additional $50,000 to be paid upon the first, second, third and fourth anniversary for a total of $250,000. The vendor retains a 2-per-cent NSR of which Delta can elect to buy back 1 per cent at any time for $1-million and the remaining 1 per cent for $4-million. There are no work commitments nor were any shares of the company issued.

The fourth exploration property consists of 12 claims covering approximately 252 hectares contiguous and south of the Delta-1 property. The corporation acquired a 100-per-cent interest in the property by making a one-time $45,000 cash payment on signing. The vendors retain a 2.0-per-cent NSR royalty of which Delta can elect to buy back 1.0 per cent at any time for $1-million and retain a first right of refusal on the remaining NSR (up to $4-million). There are no work commitments nor were any shares of the company issued.

Delta now controls an area of approximately 107 square kilometres straddling the Shebandowan structural zone in the Shebandowan greenstone belt.

The Delta-1 property is located in the Shebandowan greenstone belt and now covers an approximate 20-kilometre strike extent of the Shebandowan structural zone which also hosts the six-million-ounce Moss Lake gold deposit which is approximately 50 km to the west.

About Delta Resources Ltd.

Delta Resources is a well-financed Canadian mineral exploration company focused on growing shareholder value through the exploration of two very high-potential gold and base metal projects in Canada.

• Delta-1 covers 59.1 square kilometres located 50 kilometres west of Thunder Bay, Ont., where a gold mineralized zone 1,500 metres long was outlined through drilling in a multikilometre-scale intense alteration halo. Best grades to date include drill intercepts of 5.92 grams per tonne (g/t) Au (gold) over 31 metres, including 14.8 g/t Au over 11.9 m and 2.06 g/t Au over 65.8 m, including 4.23 g/t Au over 26.2 m, and bonanza grades of up to 1.6 kilograms per tonne (kg/t) and 697 g/t Au over one m. The zone extends to surface and is open in all directions.
• Delta-2 VMS (volcanogenic massive sulphide) and Delta-2 Gold covers 194 square kilometres in the prolific Chibougamau district of Quebec. The property holds excellent potential for gold-rich polymetallic VMS deposits as well as hydrothermal-gold deposits. Delta targets VMS deposits such as the LeMoine past producer where 760,000 tonnes were mined between 1975 and 1983, grading 9.6 per cent zinc, 4.2 per cent copper, 4.5 g/t gold and 84 g/t silver.

We seek Safe Harbor.