Mr. Andre Tessier reports

DELTA RESOURCES BEGINS 2023 DRILLING PROGRAM AT DELTA-1 IN THUNDER BAY, ONTARIO

Delta Resources Ltd. has returned to the field to begin a 5,000-metre drilling program at the Delta-1 property, 50 kilometres west of Thunder Bay, Ont. The program will be spanned over two phases, with an initial program that will be aimed at extending the Eureka gold zone toward the east, along strike with drill hole D1-22-18 where assay results announced on Oct. 19, 2022, returned:

• 5.92 grams per tonne (g/t) gold (Au) over 31 metres, including:
  • 14.8 g/t Au over 11.9 m, including:
    • 72.95 g/t Au over 2.2 m.

Delta is also waiting for final results from stepout drill holes D1-22-24 and D1-22-25, drilled 50 m and 100 m east of drill hole D1-22-18, respectively. As per Delta's analytical protocol at Delta-1, any fire assay returning over two g/t Au is reassayed using metallic sieve analysis, hence the delay in receiving final results.

Delta is also planning on testing other targets at Delta-1 with similar geological setting and geophysical signatures as the Eureka gold zone.

The mineralized zone trends roughly 100-degree azimuth, dips 50 degrees toward the north, and has now been intersected over a strike length of approximately 850 metres and a vertical depth exceeding 200 m. Farther east, the zone appears to turn to 110-degree to 115-degree azimuth and dips, become much steeper-dipping.

The gold mineralization is hosted within sandstone, feldspar-phyric dikes and volcanic rocks immediately north of ultramafic volcanic flows. Kilometre-scale, texture destructive alteration consists of intense ankeritization, sericitization and silicification. Gold mineralization consists of a network of multiple generations of quartz-ankerite-pyrite veinlets locally with disseminated grains of visible gold.

The Delta-1 project is located in the Shebandowan greenstone belt and covers a 17 km strike extent of the Shebandowan structural zone, which also hosts the low-grade, high-tonnage Moss Lake gold deposit (Goldshore Resources), 50 km to the west.

Delta Resources would like to acknowledge the financial support provided by the Ontario government through the Ontario junior exploration program (OJEP). Delta will be receiving up to $200,000 upon completion of its 2022 exploration program at Delta-1.

Qualified person

Daniel Boudreau, PGeo, manager of exploration of Delta Resources, is a qualified person as defined by National Instrument 43-101 and will be supervising the drilling program. Mr. Boudreau has reviewed the technical information presented in this press release.

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 58.3 square kilometres located 50 km 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 g/t Au over 11.9 m, within a broader interval of 5.92 g/t Au over 31 m. The zone is open in all directions.
• Delta-2 VMS (volcanogenic massive sulphide) and Delta-2 Gold covers 194 square km 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 grams per tonne gold and 84 grams per tonne silver.

We seek Safe Harbor.