Mr. Andre Tessier reports

DELTA RESOURCES COMPLETES 1% NSR PURCHASE AT DELTA-1 IN THUNDER BAY, ONTARIO AND WINS AWARD FOR TOP DISCOVERY IN ONTARIO

Delta Resources Ltd. has paid $50,000 to the Ontario Exploration Corporation (OEC) to buy back the remaining 50 per cent of a 1-per-cent net smelter return (NSR) royalty on its Delta-1 property in Thunder Bay, Ont.

On Jan. 7, 2020, Delta announced that it had signed an agreement to purchase 50 per cent of the OEC's NSR at Delta-1 by paying the sum of $50,000. The agreement also allowed for Delta to purchase the second 50-per-cent tranche at any time by paying the OEC an additional $50,000. Following the purchase of the second 50-per-cent tranche, Delta has now purchased the entire NSR royalty currently owned by the OEC on the Delta-1 property.

"We are extremely pleased to have concluded this transaction. Completing this transaction at this time should go a long way in building shareholder value in our opinion," says Andre Tessier, president and chief executive officer of Delta. "Delta would like to take the opportunity to thank the Ontario Prospector's Association and the Ontario Exploration Corporation for facilitating this transaction."

Delta Resources chosen for the discovery of the year

Delta Resources was awarded the 2022 Bernie Schnieders Discovery of the Year Award from the Northwestern Ontario Prospectors Association for its Delta-1 gold project, 50 kilometres west of Thunder Bay, in the Shebandowan area.

About Delta Resources Ltd.

Delta Resources is a 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 approximately 107 square kilometres, located 50 kilometres west of Thunder Bay, Ont., where a gold mineralized zone 950 metres long was outlined through drilling in a multikilometre-scale intense alteration halo. Best grades to date include a drill intercept of 14.8 grams per tonne (g/t) gold (Au) over 11.9 metres, within a broader interval of 5.92 g/t Au over 31 metres. The zone is open in all directions.

Delta-2 VMS (volcanic massive sulphide) and Delta-2 gold cover 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.