Mr. Ron Kopas reports

DELTA RESOURCES ANNOUNCES CLOSING OF THE DELTA-2 OPTION WITH TROILUS MINING DELIVERING UP TO $8.25M NON-DILUTIVE FUNDING AND 1% NSR ROYALTY

Delta Resources Ltd. has received conditional approval from the TSX Venture Exchange for its previously announced option agreement with Troilus Mining Corp., pursuant to which Troilus may acquire a 100-per-cent undivided interest in Delta's Delta-2 mineral claims located approximately 35 kilometres southeast of Chibougamau, Que. Final approval is expected to be received upon fulfilment by the company of standard regulatory filing requirements.

Strategic highlights:

• 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 financing expected to support advancement of the Delta-1 gold property;
• 1.0-per-cent net smelter return royalty retained, with long-term exposure to exploration success;
• Troilus to finance all exploration and claims maintenance during the option period.

Frank Candido, chairman of Delta, commented, "This agreement allows us to unlock immediate value from Delta-2 through non-dilutive funding and royalty exposure while maintaining strategic focus on advancing the rapidly evolving Delta-1 gold property in Thunder Bay, Ont."

Ron Kopas, chief executive officer (interim) of Delta, commented: "The initial funding, combined with Delta's disciplined cost structure, positions the company to accelerate exploration at Delta-1 without shareholder dilution. We believe this transaction underpins our business plan over the coming years and aligns Delta with a technically strong partner to advance Delta-2."

Summary of the option agreement

As previously announced on Jan. 29, 2026, Troilus may earn a 100-per-cent undivided interest in the Delta-2 mineral claims by making aggregate payments of $8.25-million to Delta over an option period ending Dec. 15, 2028. Payments may be made in a combination of cash and common shares of Troilus, at Troilus's discretion, subject to applicable stock exchange approvals.

Key milestones include:

• $500,000 in cash and $500,000 in shares of Troilus within two business days of closing of the transaction;
• Additional staged payments totalling $7.25-million through Dec. 15, 2028.

If the option is fully exercised, Delta will retain a 1.0-per-cent net smelter return royalty, 50 per cent of which may be repurchased for $500,000.

Troilus will act as operator during the option period, finance all exploration activities and claim maintenance expenditures, while Delta retains ownership of the claims unless and until the option is exercised.

About the Delta-2 project

The Delta-2 property comprises 405 mineral claims covering approximately 21,783 hectares in Quebec's Abitibi greenstone belt -- one of the world's premier mining jurisdictions with established infrastructure and a long history of gold and base metal production.

Qualified person

Daniel Boudreau, PGeo, manager 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 project development company focused on advancing its flagship Delta-1 gold property in Ontario, where the company has identified a large, near-surface gold system anchored by the Eureka gold deposit. The project spans 297 square kilometres with multiple prospective corridors, including Shabaqua and Wedge, where exploration continues to expand the company's discovery footprint.

We seek Safe Harbor.