Mr. Andre Tessier reports

DELTA FURTHER INCREASES ITS GOLD INVENTORY AT DELTA-1 WITH INTERCEPTS OF 2.27 G/T OVER 10 METRES AND 2.20 G/T OVER 9 METRES, IN THUNDER BAY, ONTARIO

Delta Resources Ltd. has provided additional final assay results from its second phase of drilling, previously announced on June 6, 2023, at the Delta-1 gold project located 50 kilometres west of Thunder Bay, Ont.

Results from the final 15 drill holes of the second phase drill program are provided in the table entitled "Table of new drilling results at the Delta-1 project; Nov. 21, 2023." Other results from the 48 drill holes comprising this phase of drilling were released on Sept. 12, 2023, Oct. 5, 2023, and Oct. 23, 2023.

Highlights:

• Depth extension at Delta-1:
  • D1-23-72 intersected 1.49 grams per tonne (g/t) gold (Au) over 18.9 metres, including 2.27 g/t Au over 10 metres:
    • Including a three-metre interval grading 5.20 g/t Au;
    • This intersection extends the Beta zone to a vertical depth of 285 metres, 100 metres east of drill hole D1-23-86.
  • D1-23-86 intersected 0.64 g/t Au over 58.7 metres, including 2.20 g/t Au over nine metres:
    • This intersection extends the Beta zone to a vertical depth of 240 metres, 100 metres west of drill hole D1-23-72;
    • Hole D1-23-86 also intersected 9.66 g/t Au over 1.5 metres at a vertical depth of approximately 365 metres.
• Increased gold inventory at Delta-1 -- Gamma zone near surface extended for 200 metres:
  • D1-23-77 intersected 1.05 g/t Au over 11.5 metres;
  • D1-23-78 intersected 0.54 g/t Au over 23.5 metres from six metres:
    • These intersections extend the Gamma zone for a surface strike length of 200 metres to date. Drill holes D1-23-77 and -78 were drilled 100 metres east and west, respectively, of drill hole D1-23-53: 1.18 g/t Au over 42 metres (Sept. 12, 2023).
• Eastern extension of gold mineralization and alteration corridor:
  • D1-23-73 intersected 0.50 g/t Au over 6.5 metres; and
  • D1-23-74 intersected 0.49 g/t Au over 15.50 metres;
  • Both these drill holes are located on a section 846 metres east of hole D1-23-38 (1,636 g/t Au and 697 g/t Au over one m each (May 11, 2023)), showing the potential for new mineralized zones east of the currently defined gold zone;
  • D1-23-76 is located 1.15 kilometres east of hole D1-23-38 and intersected the alteration corridor over a core length of 202 metres.
• Western extension of gold mineralization:
  • D1-23-83 intersected 0.63 g/t Au over 10.5 metres, including 3.17 g/t over 1.5 metres;
  • The intersection is a 275-metre stepout west of the currently defined gold zone.
• New high-grade zones intercepted at depth showing underground potential:
  • Hole D1-23-86 intersected 9.66 g/t Au over 1.5 metres at a vertical depth of approximately 365 metres;
  • These high-grade gold intercepts at depth have become common at Delta-1, such as in drill holes D1-23-67 (24.4 g/t Au over 1.5 metres, 200 metres vertical) and D1-23-68 (12.5 g/t Au over one metre and 11.2 g/t Au over 1.5 metres at 382 metres and 406 metres vertical, respectively (Oct. 23, 2023)).

Andre Tessier, president and chief executive officer, commented: "These latest results demonstrate that the mineralization and the broader alteration/deformation corridor are still open in all directions. With all the phase 2 drilling results now in hand, we are continuing to integrate and model all of this new geological and assay data to better our understanding of the structural controls and geometry, as well as the geochemical and geophysical signatures of the mineralized zone. We are looking forward to the 2024 drilling program, which we strongly believe will benefit from the technical and targeting work currently being undertaken."

The complete table of results from this release is shown in the table entitled "Table of new drilling results at the Delta-1 project; Nov. 21, 2023."

Geological discussion

The Delta-1 project is located in the Shebandowan greenstone belt and covers a 19-kilometre strike extent of the Shebandowan structural zone. Gold mineralization at Eureka occurs within a broad corridor of highly altered (ankerite-calcite-silicification and albitization) rocks exhibiting highly anomalous gold values of up to 0.2 g/t gold. Higher-grade mineralization within this corridor is associated with a stockwork of quartz-ankerite-pyrite-gold veinlets, with increased density of these veinlets generally proportional to increased gold grade. The gold mineralized zones have so far been intersected for a strike of approximately 2.3 kilometres, with a higher-grade segment extending for nearly 950 metres. So far, the mineralized zone extends from surface to a vertical depth of approximately 250 metres. Mineralization strikes approximately 100 degrees to 120 degrees azimuth, with a dip of 75 degrees to 80 degrees north (shallower dips of 50 degrees north are observed in the western portion of the zone). Higher-grade, wide ore shoots are observed and appear to be plunging approximately 40 degrees toward the west, within this structural corridor. Similar ore shoots are often observed in structurally controlled gold deposits and often occur with a certain periodicity. The currently defined ore shoots are open at depth.

The next steps

Delta paused drilling in early October, 2023, to analyze and further interpret the very large amount of geological, structural and geochemical data accumulated since the beginning of this phase of drilling. Delta completed a 37 line km 3-D induced polarization survey covering 282 hectares, to better characterize the known mineralized zone and explore the extensions of the gold-bearing structure. Delta also completed a televiewer probing survey on 14 strategically located drill holes to collect valuable structural information on possible fault and vein orientations. Compilation of geological and geochemical data is also under way. This multidisciplinary approach will be used to help vector toward new mineralized zones within the gold-bearing structure. Delta will resume its drill campaign shortly after this work is completed, likely in January, 2024.

Analytical protocol and quality assurance/quality control (QA/QC)

Chemical analyses reported in this press release were performed at AGAT Laboratories. AGAT Laboratories is accredited to ISO 17025 by the Standards Council of Canada (SCC). Sample preparation was performed in Thunder Bay, Ont. Sampling and analytical procedures are subject to a comprehensive quality assurance and quality control program that includes duplicate samples, blanks and analytical standards.

The following assaying protocol was adopted at Delta-1 to reduce the assay variability due to nugget effect caused by visible gold:

• If visible gold is observed in the sample or within the assumed mineralized zone, the assay is performed by metallic screening, whereby the entire sample is crushed, a one-kilogram portion is pulverized and screened to 106 micrometres, and analyzed by 50 g fire assay with gravimetric finish at the AGAT laboratory in Thunder Bay, Ont.
• If no visible gold is observed or outside of the mineralized zones, an initial assay is performed by 50 g fire assay with ICP-OES (inductively coupled plasma optical emission spectrometry) finish at the AGAT laboratory in Thunder Bay, Ont. If the assay result exceeds two g/t gold, remaining rejects are pulverized, a one kg portion is screened to 106 micrometres and analyzed by 50 g fire assay with gravimetric finish at the AGAT laboratory in Thunder Bay, Ont.

NQ-size drill core was sawed in half lengthwise and half of the core was sampled and sealed in clean plastic bags before being shipped for assay. The remaining half of the core was replaced in core boxes and is stored at Delta's core storage facilities. Standards and blanks are inserted in the sequence of samples on site as quality assurance and quality control, in addition to the regular insertion of blank, duplicate and standard samples accredited by SGS Canada Minerals Laboratories during the analytical process.

Qualified person

Daniel Boudreau, PGeo, manager of exploration at Delta Resources, is the qualified person as defined by National Instrument 43-101. He has supervised the drilling program in the field and reviewed the technical information presented in this press release.

Ontario Junior Exploration Program

Delta Resources would like to acknowledge the financial support provided by the Ontario government via the Ontario Junior Exploration Program (OJEP). Delta will be receiving up to $200,000 upon completion of its exploration program at Delta-1.

Other news

Delta Resources has entered into a sponsorship agreement with RocksAndStocksNews. RocksAndStocksNews (R&S) is a private entity owned and operated by Allan Laboucan. He is based in Mexico where he operates an on-line portal for precious metals and mining stocks. It provides distribution of Delta's news releases along with comments and/or opinions on its YouTube channel. It has a six-month contract for a total of $12,000 that expires on April 30, 2024, that was paid in full upon at the beginning of the contract. It will not receive shares or options as compensation. At the time of the agreement, R&S and the company are unrelated and unaffiliated entities. No buying or selling recommendations are made, no price projections on Delta are given, nor does it give any financial advice. The owner of R&S is currently a shareholder of Delta, and at their sole discretion may purchase additional securities and/or sell these securities for investment purposes.

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 is Delta's flagship project, where the company is building gold ounces 50 kilometres west of Thunder Bay, Ont., at surface and adjacent to the Trans-Canada Highway. To date, the gold mineralization is defined over 1.8 km from surface to a vertical depth of 250 m. Highlights include drill intercepts such as 5.92 g/t Au over 31 m (including 14.8 g/t Au over 11.9 m) and 1.79 g/t Au over 128.5 m. The property covers 107 square kilometres and Delta has identified a five km long corridor of intense alteration and deformation at the property, on strike with the gold zone, that has yet to be thoroughly explored.
• The Delta-2 property covers 194 square kilometres in the prolific Chibougamau district of Quebec. The property holds excellent potential for gold-rich polymetallic volcanogenic massive sulphide 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.