Delta Announces AGM Results and Engages Third Party Investor Relations Services

Rhea-AI Summary

Delta Resources (TSXV: DLTA) (OTC Pink: DTARF) has announced the results of its Annual and Special Meeting of shareholders held on August 28, 2024. Shareholders approved all items proposed by the Board of Directors and Management, including the re-election of directors Frank Candido, Andre C. Tessier, Kevin B. Heather, and Sara Marcotte Paquet. KPMG LLP was appointed as the company's auditor, and the stock option plan was approved.

Additionally, Delta has engaged two third-party investor relations firms to enhance its investor outreach and broaden engagement. The company believes its current market capitalization does not accurately reflect the value of its Eureka Gold deposit project and the prospectivity of its large land package in the eastern Shebandowan Greenstone Belt of Thunder Bay, Ontario.

Positive

• Shareholders approved all proposed items at the Annual and Special Meeting
• Engagement of two investor relations firms to enhance investor outreach
• Company holds a commanding land package in the eastern Shebandowan Greenstone Belt

Negative

• Current market capitalization may not accurately reflect the company's value
• Additional expenses incurred for investor relations services

Kingston, Ontario--(Newsfile Corp. - August 29, 2024) - Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6GO1) ("Delta" or "the Company") is pleased to announce the results of voting at its Annual and Special Meeting of shareholders held on Wednesday, August 28, 2024.

Shareholders voted in favour of all items put forward by the Board of Directors and Management. Frank Candido, Andre C. Tessier, Kevin B. Heather and Sara Marcotte Paquet were all re-elected as Directors of the Company. The shareholders appointed KPMG LLP as auditors of the Company and approved the Company's stock option plan.

Delta is also pleased to announce that it has engaged the services of two third party investor relations firms to enhance its investor outreach and to help broaden its investor engagement. Delta has built a commanding land package in the eastern Shebandowan Greenstone Belt of Thunder Bay, Ontario around its wholly owned Eureka Gold deposit and believes that its current market capitalization does not accurately reflect the value of its project and and the prspectivity of its large land package.

Apollo Shareholder Relations Ltd. ("Apollo") provides investor communication services including email list building and management, content creation, forum and chatroom content creation - Apollo is a British Columbia based company led by Chase Kazakoff and Jazz Chodak. The company will be providing services for a period of 7 months. Apollo will recieve $35,500 and 100,000 options excerciseable at $0.12 per share for a 12 month period. Apollo operates as an arm's length service provider to the Company.

ImpactDeck is a leading investor relations lead by James McFarland and specializing in mining and biotech. ImpactDeck will assist Delta in expanding its visibility within the investment community and enhancing engagement with key investors. In consideration of the services provided, Delta Resources will pay ImpactDeck a cash consideration of up to CAD $4,000 per month, starting September 1, 2024 for a period of four months ending on December 31, 2024. ImpactDeck operates as an arm's length service provider to the Company.

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 2.0 km, from surface to a vertical depth of 250 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.

The DELTA-2 property covers 205 square kilometres in the prolific Chibougamau District of Quebec. The property holds excellent potential for gold-rich polymetallic VMS deposits as well as hydrothermal-gold deposits. Delta targets VMS deposits such as the LeMoine past producer where 0.76 Mt were mined between 1975 and 1983, grading 9.6% Zn, 4.2% Cu, 4.5 g/t Au and 84 g/t Ag.

ON BEHALF OF THE BOARD OF DELTA RESOURCES LIMITED.

Frank Candido
Chairman of the Board
www.deltaresources.ca

We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not approved nor disapproved of the information contained herein.

For Further Information:

Delta Resources Limited

Andre C. Tessier, CEO and President
Tel: 613-328-1581
atessier@deltaresources.ca

or

Frank Candido, Chairman
Tel: 514-969-5530
fcandido@deltaresources.ca

Cautionary Note Regarding Forward-Looking Information
Some statements contained in this news release are "forward-looking information" within the meaning of Canadian securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases (including negative or grammatical variations) or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Investors are cautioned that forward-looking information is inherently uncertain and involves risks, assumptions and uncertainties that could cause actual facts to differ materially. There can be no assurance that future developments affecting the Company will be those anticipated by management. The forward-looking information contained in this press release constitutes management's current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates will change as new information is received. While we may elect to update these estimates at any time, we do not undertake to update any estimate at any particular time or in response to any particular event.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221500

FAQ

What were the results of Delta Resources 's (DTARF) Annual and Special Meeting on August 28, 2024?

Shareholders voted in favor of all items proposed by the Board of Directors and Management, including the re-election of directors, appointment of KPMG LLP as auditors, and approval of the company's stock option plan.

Which investor relations firms has Delta Resources (DTARF) engaged?

Delta Resources has engaged Apollo Shareholder Relations and ImpactDeck to enhance its investor outreach and broaden investor engagement.

What is the duration and cost of Delta Resources 's (DTARF) engagement with Apollo Shareholder Relations?

Apollo Shareholder Relations will provide services for 7 months, receiving $35,500 and 100,000 options exercisable at $0.12 per share for a 12-month period.

What are the terms of Delta Resources 's (DTARF) engagement with ImpactDeck?

Delta Resources will pay ImpactDeck up to CAD $4,000 per month for four months, from September 1, 2024, to December 31, 2024.