Mr. Ron Kopas reports

DELTA RECEIVES SECOND OPTION PAYMENT FROM TROILUS MINING AND SHOWCASES DELTA-1 PROJECT AT ILSG FIELD TRIP

Delta Resources Ltd. has received the second payment on its option of its Chibougamau, Que., Delta-2 property package to Troilus Mining. Delta has received the second option payment consisting of 378,788 common shares of Troilus Mining, representing an approximate value of $796,500 at yesterday's closing price.

On Feb. 17, 2026, Delta had previously announced the closing of the option agreement with Troilus Mining.

Highlights include:

• Up to $8.25-million in staged cash and/or share payments over three years;
• Initial $1.0-million payment received as at closing;
• Non-dilutive funding expected to support advancement of the Delta-1 gold project;
• 1.0-per-cent net smelter return (NSR) royalty retained, with long-term exposure to exploration success;
• Troilus to finance all exploration and claims maintenance during the option period.

Strong academic and industry interest highlighted by ILSG field visit

The growing interest in the Delta-1 gold project was recently highlighted as part of a Shebandowan gold field trip organized as part of the annual Institute on Lake Superior Geology (ILSG) meeting. The company hosted 28 geologists and prospectors for a technical field visit that included two separate stops on the property.

The tour provided participants with an opportunity to observe firsthand the geology, alteration systems and structural controls associated with gold mineralization at the I-Zone and Eureka gold zone, while also showcasing the broader exploration potential of Delta's 340-square-kilometre land package.

Ron Kopas, executive officer of Delta, commented:

"The second payment from Troilus provides us significant non-dilutive hard cash further strengthening our balance sheet and allows us to think not just about our 2026 plans but look into 2027.

"The extraordinary interest from the ILSG field trip validates our belief that Shebandowan is now 'on the map' and this will no doubt continue with our highly prospective 2026 work program. Two thousand twenty-six will be an exciting year for Delta."

Qualified person

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

About Delta Resources Ltd.

Delta Resources is a Canadian mineral exploration and development company focused on its Delta-1 gold project in Ontario, where it has identified a large, near-surface gold system located approximately 50 kilometres west of Thunder Bay, adjacent to the Trans-Canada Highway.

The Eureka gold deposit extends over 2.5 km in strike length and to depths exceeding 300 metres, with mineralization observed to approximately 600 metres vertical depth and remaining open in all directions. The property spans 340 square km and hosts multiple prospective mineralized corridors. 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.

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