Mr. Andre Tessier of Delta Resources reports

DELTA AMENDS BAND-ORE GOLD PROPERTY OPTION WITH GOLDEN SHARE IN THUNDER BAY, ONTARIO

At the request of the TSX Venture Exchange regulators, Delta Resources Ltd. has amended the option agreement announced on May 23, 2024, with Golden Share Resources Corp. The objective of the amendment is to fix the absolute maximum number of shares that could possibly be issued by Delta to Golden Share by fixing the minimum price per share that Delta would issue as part of the agreement. The minimum price of the Delta shares was therefore fixed at 7.5 cents for a maximum possible issuance of 9,333,333 shares that could be issued to Golden Share.

On May 23, 2024, Delta announced that it was acquiring the exclusive rights to earn a 100-per-cent interest in the Band-Ore property. The Band-Ore property is located approximately two kilometres west of the Delta-1 property, which in turn lies 50 kilometres west of Thunder Bay, Ont. The property hosts two historic high-grade gold resources that are not considered National Instrument 43-101 compliant.

The 10-kilometre-long property covers approximately 2,115 hectares and comprises 16 patented mining claims, one mining claim lease and 109 staked mining claims in Hagey and Conacher townships of Ontario, on strike with the Delta-1 gold mineralization. Both the Main zone and the No. 4 zone are open at depth and along strike.

The terms of the original agreement are as follows:

• On signing -- $100,000 in cash;
• Anniversary 1 -- $150,000 in cash and $100,000 in Delta shares;
• Anniversary 2 -- $150,000 in cash and $100,000 in Delta shares;
• Anniversary 3 -- $200,000 in cash and $100,000 in Delta shares;
• Anniversary 4 -- $300,000 in cash and $200,000 in Delta shares;
• Anniversary 5 -- $400,000 in cash and $200,000 in Delta shares.

Note: All share prices are based on 20-day VWAP (volume-weighted average price), and, as a function of the amendment announced herein, the minimum price of the shares to be issued by Delta is fixed at 7.5 cents.

Golden Share will retain a 2-per-cent net smelter return royalty. Delta will have the option to buy back a 1.0-per-cent NSR royalty at any time for $3-million and will have a right of first refusal on the second 1.0-per-cent NSR royalty.

If Delta defines an NI 43-101 resource on the property after earn-in, Golden Share will be entitled to a bonus of $500,000 for an estimate of 500,000 gold ounces up to one million ounces and a bonus of $1-million for an estimate of greater than one million gold ounces. There are no work commitments on the property.

With this option, Delta now controls an area of 220 square kilometres in the central-north portion of the Shebandowan greenstone belt, which includes the gold-endowed, crustal-scale Shebandowan structural zone that hosts Delta's Eureka gold zone.

"Delta is building a commanding land position in the eastern portion of the Shebandowan greenstone belt. We are very excited about putting all these pieces together in a highly prospective and underexplored area where we believe that the potential for multiple deposits exists. We look forward to updating our shareholders and stakeholders with our plans to advance this growing land package," stated Andre Tessier, president and chief executive officer of Delta Resources.

The agreement is subject to regulatory approval.

Qualified person

Andre Tessier, PEng, PGeo, and president and chief executive officer of Delta Resources, acted as the qualified person for this press release and has reviewed its content.

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 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 metres (including 14.8 grams per tonne gold over 11.9 metres) and 1.79 grams per tonne gold over 128.5 metres. 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 (volcanogenic massive sulphide) 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.