Delta Resources Announces A Premium Charity Flow Through Financing

Kingston, Ontario--(Newsfile Corp. - November 8, 2024) - Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6G01) ("Delta" or "The Company") is pleased to announce that, subject to all regulatory approvals, the Company has entered into an arrangement with Wealth Creation Preservation & Donation Inc. ("WCPD") a non-brokered structured private placement offering (the "Offering"), consisting of the issuance of up to 25,000,000 Charity Flow-Through Units (the "Units") at a price of $0.20 per FT Unit, to raise gross proceeds of up to $5,000,000, each FT Unit consisting of one (1) flow-through common share ("FT Share") of the Company and one transferable non-flow-through common share purchase warrant ("Warrant").

Each Warrant will be exercisable to acquire one additional non-flow-through common share of the Company at a price of $0.25 for 36 months following the date of issuance.

The Private Placement is subject to approval by the TSX Venture Exchange.

The Company will use an amount equal to the gross proceeds received by the Company from the sale of the FT Units, pursuant to the provisions in the Income Tax Act (Canada), to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" as both terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") on or before December 31, 2025.

The Company plans to use the proceeds from the Offering to conduct further exploration at the Delta 1 property in Thunder Bay, Ontario.

No commissions are being paid to any third parties with respect to this financing.

The Offering is expected to close on or about November 15, 2024, and is subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX Venture Exchange. The Offered Securities will be subject to a hold period of four months and one day from the closing date of the Offering in accordance with applicable securities laws.

About Delta Resources Limited

Delta Resources Limited 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's flagship project, where the company is building on a large gold inventory 50 kilometres west of Thunder Bay, Ontario, at surface and adjacent to the Trans-Canada highway. To date, the gold mineralization is defined over a strike length of 2.5 km, from surface to a vertical depth of 300 m. Highlights include drill intercepts such as 5.92 g/t Au over 31 m (incl. 14.8 g/t Au over 11.9 m), and 1.79 g/t Au over 128.5 m. The property covers 306 square kilometres where Delta has identified multiple corridors of intense alteration and deformation, on strike with, and to the south of the Eureka gold zone and that has yet to be thoroughly explored.