Following on the heels of the bonanza grades reported during the fall 2022 exploration campaign and the continued observation of visible gold in March 2023, Delta Resources Limited (TSX-V: DLTA) (OTC: DTARF) reported in late April that it is continuing to intersect more wide zones of gold mineralization near the surface at its flagship Delta-1 property. Assay results from the 2023 winter campaign included 2.06 g/t Au over 65.8 metres, 1.15 g/t gold over 89.7 metres, 1.29 g/t Au over 97.0 metres, and 0.86 g/t gold over 109.0 metres. Operations were briefly paused due to harsh weather conditions, which also froze over water lines used during drilling. When conditions improved, the company immediately continued its aggressive yet strategic drilling program located at its Delta-1 property.

Delta-1 is the company’s flagship asset, and it has carried out several exploration programs in the area since optioning the property in 2019. The property is located in the Shebandowan Greenstone Belt, approximately 50 kilometers from Thunder Bay Ontario and cover over 17 kilometers of the Shebandowan structural zone. The Shebandowan also hosts the six-million once Moss Lake gold deposit located approximately 50 kilometers to the west.

Shortly after the early spring pause drilling resumed and so did the flow of very encouraging results. In early May Delta also announced fantastic assay results from the last four holes of its 2023 Phase-1 drill program along with prolific visible gold observations in the first drill holes of the 5000 metre Phase-2 program. Wide intercepts of gold mineralization were intersected near the surface at drill holes D1-23-35 and D1-23-36, extending this style of mineralization an additional 100 metres east of the previously reported drill holes.

Drill hole D1-23-38 intersected exceptionally high-grade gold mineralization of 1.64 kg/t Au in narrower intervals east of a NE-trending cross fault that extended the mineralized zone towards the south. Vein widths, density of veining and grade distribution can be highly variable within these large gold systems, and hole D1-23-38 is typical of that variability along the favorable structure and geophysical target.

Delta was also pleased to report that the first step out drill holes from the second phase of drilling announced on April 24th has also been completed. In yet another step out of 100 metres east of drill hole D1-23-38, drill holes D1-23-40 and D1-23-41 appear to mark a return to the very wide intervals of alteration and potential gold mineralization with visible gold observed in both drill holes. Drill holes D1-23-40 and D1-23-41 are the first drill holes directly testing the “Deep Blue” Target.

President and CEO André Tessier commented, “These Bonanza grades at Delta-1 are very impressive, but more important is the fact that we are doing large, 100 metre step outs and are still consistently hitting strong alteration with higher-grade gold segments hosted within a broader zone of low to moderate grade gold. This speaks to the strength of the mineralizing system and the upside potential as our drilling progresses eastward into the larger ‘Deep Blue’ target area. This deposit is certainly full of pleasant surprises. Given the limited drilling to date, we still have a lot of work ahead of us to better understand this deposit.”

In a recent interview conducted by The Resource Report, Chairman Frank Candido mentioned that Deep Blue had the potential to add another 1.5km, which would give Delta-1 a total potential strike length of approximately 3km. He notes that this is in addition to the fact that the Delta-1 property still extends another 1.5 kilometres east of Deep Blue.

Delta also has a second property named Delta-2, which covers 194 square kilometres in the prolific Chibougamau District of Québec. This property is split into two operations, DELTA-2 VMS and DELTA-2 GOLD, and 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 0.76 Mt were mined between 1975 and 1983, grading 9.6% Zn, 4.2% Cu, 4.5 g/t Au and 84 g/t Ag. The company has plans to explore and drill the property in early fall of 2023.

With its numerous successful operations and drilling campaigns, Delta’s stock has appreciated by over 500% in the early quarter of 2023, and the company has gained broader visibility within the junior mining community. Delta anticipates increased activity over the next few months on the back of these positive results on the strength of a $10M bough deal financing closed in May 2023.

If you would like to learn more about Delta Resources, then be sure to tune in to the company’s YouTube page, as the company’s CEO provides investors with monthly updates and more, or contact:

André Tessier, President & CEO

+1 613‐328‐1581

[email protected]

www.deltaresources.ca

Delta Resources Limited 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 58.3 square kilometers located 50 kilometers west of Thunder Bay, Ontario where a gold mineralized zone 1500 meters long was outlined through drilling in a multi-kilometre-scale intense alteration halo. DELTA-2 VMS and DELTA-2 GOLD covers 194 square kilometers in the prolific Chibougamau District of Quebec. The company was acquired at the end of June 2019 and is headed by president and CEO André Tessier. Tessier is a professional engineer and geologist with over 30 years of experience.