Mr. Ron Kopas reports

DELTA RESOURCES OPTIONS DELTA-2 PROJECT IN QUEBEC TO TROILUS MINING CORP. - $8.25M AND 1% NSR TO BE PAID OVER 3 YEARS IF OPTION FULLY EXERCISED

Delta Resources Ltd. has entered into an agreement with Troilus Mining Corp., pursuant to which Troilus may acquire a 100-per-cent undivided interest in Delta's Delta-2 mineral claims, located approximately 35 kilometres southeast of Chibougamau, Que. Closing is subject to applicable regulatory approvals.

The Delta-2 property comprises 405 mineral claims covering approximately 21,783 hectares (217.83 square kilometres) in a well-established mining district that hosts several significant gold and base metal deposits.

Frank Candido, chairman of Delta, commented: "This agreement represents a strong outcome for Delta shareholders. The Delta-2 property is a large, highly prospective land package in a proven mining district, and this transaction allows us to realize near- and medium-term value while retaining meaningful long-term upside through a royalty interest. Troilus has demonstrated technical strength and regional expertise in the Chibougamau area, and we believe they are well positioned to advance the Delta-2 claims in a disciplined and responsible manner."

Ron Kopas, chief executive officer (interim) of Delta, commented: "The transaction achieves an objective we set ourselves last August, and provides Delta with non-dilutive cash and share consideration, strengthening the company's financial position and allowing management to focus its exploration and development efforts on the highly prospective Delta-1 gold property in the Thunder Bay district of Ontario, where Delta has already made a significant gold discovery at Eureka, with increasingly prospective resources at a property scale.

"I am particularly enthused as this will underpin the business for the next three years, beginning with an initial $2.5-million in 2026. Owing to Delta's low corporate overhead, combined with expected government credits, this provides meaningful, non-dilutive investment capital to advance Delta-1."

Key terms of the option agreement

Under the terms of the option agreement, Troilus may earn a 100-per-cent undivided interest in the Delta-2 claims by making aggregate payments of $8.25-million to Delta over an option period ending on Dec. 15, 2028. Payments may be made in a combination of cash and common shares of Troilus, at the discretion of Troilus, subject to applicable stock exchange approvals.

Key payment milestones include:

• $500,000 in cash and $500,000 in cash and/or shares within two business days of the effective date (being the date upon which the condition precedent in the option agreement is duly satisfied or waived); and
• Additional staged payments totalling $7.25-million through Dec. 15, 2028.

If the option is exercised, Delta will retain a 1.0-per-cent net smelter return royalty on the Delta-2 claims, 50 per cent of which can be repurchased for $500,000.

Troilus will act as operator of the project during the option period, financing all required exploration activities and claim maintenance expenditures, while Delta will retain ownership of the Delta-2 claims unless and until the option is fully exercised, at Troilus's discretion.

Strategic rationale

The option agreement provides Delta with significant non-dilutive upside through staged payments and retained royalty exposure, while allowing a well-capitalized and technically experienced operator to advance exploration on the Delta-2 project.

About the Delta-2 project

The Delta-2 project is located in Quebec's prolific Abitibi greenstone belt, an established mining jurisdiction with excellent infrastructure, skilled labour availability, and strong community and government support for responsible mineral development.

Qualified person

Daniel Boudreau, PGeo, manager of exploration at Delta, is the qualified person as defined by National Instrument 43-101, and has reviewed and approved the technical information contained in this press release.

About Delta Resources Ltd.

Delta Resources is a Canadian mineral exploration and project development company focused on its Delta-1 project in Ontario, where it has discovered a large, near-surface gold deposit located 50 kilometres west of Thunder Bay, directly adjacent to the Trans-Canada Highway. The Eureka gold deposit extends 2.5 kilometres in strike length, from surface to over 300 metres in depth. Highlights include drill intercepts such as 5.92 grams per tonne gold over 31 metres (including 14.8 g/t Au over 11.9 metres) and 1.79 g/t Au over 128.5 metres. Mineralization has been observed up-to-600-metre vertical depth and remains open in all directions. The property covers 297 square kilometres containing multiple corridors of intense alteration and deformation on strike with, and to the south of, the Eureka gold zone, many of which remain underexplored.

We seek Safe Harbor.