Mr. Andre Tessier reports

DELTA RELEASES COMPLETE 2024 DRILLING RESULTS, EUREKA ZONE IN THUNDER BAY, ONTARIO

Delta Resources Ltd. has provided final assay results from its 2024 drilling program at its 100-per-cent-owned Delta-1 gold project. A total of 29 drill holes and two drill hole extensions were completed between January and May, 2024, for a total of 9,286 metres (complete results are shown at the attached table).

The objective of the drill campaign was to increase Delta Resources' gold inventory at Delta-1, increase Delta Resources' knowledge of the gold deposit, and expand the deposit size through exploration holes to the east, to the west and at depth.

Highlights of the complete drilling program (asterix indicates new results)

Best results:

• Drill hole D1-24-34 extension: 1.09 grams per tonne gold over 21.0 metres:
  • Drill hole D1-24-87: 1.66 g/t Au over 10.5 m;
  • Drill hole D1-24-88: 1.05 g/t Au over 12.2 m;
  • Drill hole D1-24-89: 1.03 g/t Au over 16.1 m;
• Drill hole D1-24-90: 15.94 g/t Au over 10.0 m;
• Drill hole D1-24-95: 1.42 g/t Au over 24.1 m and 1.68 g/t Au over 9.0 m;
• Drill hole D1-24-96: 1.64 g/t Au over 29.5 m;
• * Drill hole D1-24-98: 1.01 g/t Au over 19.1 m;
• * Drill hole D1-24-106: 1.24 g/t Au over 22.0 m;
• * Drill hole D1-24-112: 0.98 g/t Au over 28.0 m, including 1.56 g/t Au over 13.2 m.

High-grade results:

• Drill hole D1-24-87: 22.3 g/t Au over 0.8 m;
• Drill hole D1-24-89: 9.40 g/t Au over 1.0 m;
• Drill hole D1-24-90: 15.94 g/t Au over 10.0 m;
• Including 57.80 g/t Au over 1.0 m and 99.40 g/t Au over 0.90 m;
• Drill hole D1-24-93: 3.71 g/t Au over 3.2 m;
• Drill hole D1-24-96: 7.46 g/t Au over 3.5 m:
  • * Drill hole D1-24-98: 7.43 g/t Au over 1.5 m;
  • * Drill hole D1-24-107: 26.5 g/t Au over 0.8 m;
  • * Drill hole D1-24-112: 9.24 g/t Au over 1.0 m.

New high-grade South zone intersected in two drill holes:

• * Drill hole D1-24-108: 6.25 g/t Au over 1.3 m;
• * Drill hole D1-24-109: 11.40 g/t Au over 0.8 m.

Best intercept to date in the Eastern zone:

• * Drill hole D1-24-100: 0.49 g/t Au over 15.3 m;
• * Drill hole D1-24-101: 0.64 g/t Au over 14.0 m.

Zone was extended to 290 to 300 metres vertical:

• Drill hole D1-24-17 extension: 1.18 g/t Au over 12.0 m (300 m vertical);
• Drill hole D1-24-96: 7.46 g/t Au over 3.5 m (290 m vertical).

Andre Tessier, president and chief executive officer, commented: "With every phase of drilling, Delta is confirming the internal continuity of the gold-mineralized system at the Eureka zone. Drilling has now extended the zone to a vertical depth of 300 metres vertical with drill holes D1-24-96 and 17 extension. To the east, drill holes D1-24-100 and 101 returned our best intersections yet in the Deep Blue target, at shallow depths and 180 metres apart. The technical team at Delta is now integrating this new data to the current geological model to guide our next drilling campaign, likely in the fall 2024. Meanwhile, a property-scale exploration program is under way to identify new targets on the newly expanded property that now covers an impressive 220 square kilometres. These are exciting times for Delta, and we look forward to providing steady news of our progress."

Discussion of results:

• With the exception of only three drill holes, all drill holes encountered the intense alteration zone that hosts the typical gold mineralization. Furthermore, gold was intersected in 28 of 31 drill holes. This is a testament to the strength and intensity of the gold mineralizing system. In the case of drill hole D1-24-97, it appears to have been drilled below an ore shoot within the mineralized structure while drill hole D1-24-114 needs to be extended.
• Drilling within the previously defined gold mineralized zone: From 2019 to 2023, Delta Resources drilled on widely spaced centres (generally 100-metre spacing) and defined a two-kilometre-long gold zone from surface to 250 metres vertical. The 2024 drill holes continue to confirm the continuity of the mineralization within the mineralized envelope previously defined with widely spaced drilling from 2019 and 2023.
• Eastern expansion: The results of drill holes D1-24-101 and D1-24-100 returned the highest-grade and widest gold mineralization so far in the Deep Blue target within strongly altered volcanics and conglomerates. Albeit at a lower grade for now, the intersections effectively extend the gold mineralized zone to a strike length of 2.5 kilometres with a short hiatus at drill holes D1-23-49 and 50. The area will need more drilling to prove the untapped potential of the area.
• New South zone: Drill holes D1-24-108 and D1-24-109 were designed to test a south-dipping resistivity anomaly approximately 300 metres south of the Eureka zone. The two holes intersected high-grade mineralization over narrow widths in silica replacement and magnetite zones. The two holes were drilled on the same section with the zone correlated over 140 metres downdip. In 2023, drill hole D1-23-55 intersected the same horizon 100 metres to the west, returning 2.63 g/t Au over 1.0 metre. This new zone will need additional drilling and may provide a high-grade gold zone that would complement the main mineralized zone.
• Depth extension: Three holes drilled at depth have intersected the strongly altered zone at depths of up to 300 metres vertical. Two of the drill holes are well mineralized with intercepts of 1.18 g/t gold over 12.0 metres and 7.46 g/t over 3.5 metres in drill holes D1-24-17 extension and D1-24-96, respectively.

Geological discussion

The Delta-1 project is located in the Shebandowan greenstone belt approximately 50 kilometres west of the city of Thunder Bay. The newly expanded property covers 220 square kilometres and a 32-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 2.5 kilometres, with a higher-grade segment extending for nearly one kilometre. So far, the mineralized zone extends from surface to a vertical depth of approximately 300 metres. Mineralization strikes approximately 100 to 120 degrees azimuth, with a dip of 75 to 80 degrees north (shallower dips of 50N are observed in the western portion of the zone). Higher-grade, wide ore shoots are observed from surface 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.

Analytical protocol and quality assurance/quality control

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. 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, and a one-kilogram portion is pulverized and screened to 106 microm and analyzed by 50-gram 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-gram fire assay with ICP-OES finish at the Agat laboratory in Thunder Bay, Ont. If the assay result exceeds 2.0 g/t gold, remaining rejects are pulverized, and a one-kilogram portion is screened to 106 microm and analyzed by 50-gram 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 Resources' 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 persons

Daniel Boudreau, PGeo, and 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.

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 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 220 square kilometres, and Delta Resources has identified a five-kilometre-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 205 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 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 grams per tonne gold and 84 grams per tonne silver.

We seek Safe Harbor.