Mr. Frank Candido reports

DELTA ANNOUNCES WARRANT EXTENSION

Delta Resources Ltd. intends to extend the exercise period for 9,585,000 warrants exercisable at 18 cents per common share and 2,790,068 warrants exercisable at 25 cents per common share. The warrants were issued pursuant to a private placement which was previously announced on Dec. 6, 2022, and closed on Dec. 23, 2022. The company proposes to extend the expiry dates for these warrants by six months, and accordingly, the new expiry dates for the warrants will be July 23, 2025.

All other terms and conditions of the warrants remain unchanged. The warrant extension is subject to acceptance by the TSX Venture Exchange.

A total of three million warrants are held by parties who are related parties of the company. Therefore, the amendment of warrants constitutes a related-party transaction as contemplated by Multilateral Instrument 61-101 (Protection of Minority Shareholders in Special Transactions) and TSX-V Policy 5.9 (Protection of Minority Shareholders in Special Transactions). However, the exemptions from formal valuation and minority approval requirements provided for by these guidelines can be relied upon as the fair market value of the warrants does not exceed 25 per cent of the market capitalization of the company. A material change report in respect of this related-party transaction will be filed by the company.

About Delta Resources Ltd.

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

Delta-1 is Delta Resources' flagship project, where the company is building on a large gold inventory 50 kilometres west of Thunder Bay, Ont., at surface and adjacent to the Trans-Canada Highway. To date, the gold mineralization is defined over a strike length of 2.5 kilometres from surface to a vertical depth of 300 metres. Highlights include drill intercepts such as 5.92 grams per tonne gold 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 306 square kilometres where Delta Resources has identified multiple corridors of intense alteration and deformation, on strike with, and to the south of, the Eureka gold zone that has yet to be thoroughly explored.

The Delta-2 property covers 205 square kilometres in the prolific Chibougamau district of Quebec. The property holds excellent potential for gold-rich polymetallic volanogenic massive sulphide deposits, as well as hydrothermal gold deposits. Delta Resources 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.