DELTA RES LTD - DTARF STOCK NEWS

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.

Delta Resources (TSXV: DLTA) (OTC Pink: DTARF) has reached a new agreement with the original vendors of the Horne and Laurie properties at the Delta-1 property in Thunder Bay, Ontario. This agreement eliminates future cash payments of $350,000 and work commitments of $1,000,000 over the next three years. Delta will acquire a 100% interest in both properties by issuing 2,000,000 shares and 1,500,000 warrants at $0.12 for 24 months.

The vendors retain a 1.75% Net Smelter Return (NSR) Royalty on all three properties, with Delta having buyback options. The acquisition expands Delta's land position in the Shebandowan Belt to over 306 square kilometres of prospective ground, providing flexibility for exploration spending.

Delta Resources (TSXV: DLTA) (OTC Pink: DTARF) has significantly expanded its land position at the Delta-1 property in Thunder Bay, Ontario. The company acquired a 100% interest in the Ternowesky property, adding 443 claim units covering over 93 square kilometres. This expansion brings Delta's total land package to over 306 square kilometres in the central portion of the Shebandowan Greenstone Belt.

The expanded property now covers a 35-kilometre strike extent of both the Shebandowan and Gold Creek deformation zones, which are gold-endowed, crustal-scale structural zones. Delta will pay $150,000 and issue 1.1M shares for the acquisition, subject to TSX approval. The vendors will retain a 2% Net Smelter Return Royalty, with Delta having options to buy back portions of the royalty.

Golden Share Resources (TSXV: GSH) has amended its option agreement with Delta Resources (TSXV: DLTA, OTC Pink: DTARF, FSE: 6GO1) regarding the Band-Ore property. The amendment sets a minimum share price of $0.075, capping the maximum issuance at 9,333,333 shares to Golden Share. The Band-Ore property, located west of Thunder Bay, Ontario, spans 2,115 hectares with 126 mining claims. Delta must make payments totaling $2,000,000 over five years to acquire a 100% interest. Golden Share retains a 2% Net Smelter Return Royalty, with Delta having the option to buy back 1% for $3M. Golden Share will receive bonuses if Delta defines significant gold resources on the property. Regulatory approval is pending.

Delta Resources has completed the field portion of a comprehensive till sampling program at its Delta-1 Gold Project, located near Thunder Bay, Ontario. The survey, conducted over an 80 km² area, includes 224 sample sites spaced every 1-1.2 km along sampling fences. The objective is to expand on a 2020 survey that identified anomalous gold-grain counts, aiding the discovery of the Delta-1 Gold deposit. The 2020 survey revealed a gold-grain dispersion trail with 41 to 457 grains per sample, indicating proximity to a bedrock source. The first results from the 2024 samples are expected later this summer, and follow-up exploration will commence immediately.

Delta Resources (OTC Pink: DTARF) has amended its option agreement with Golden Share Resources for the Band-Ore property in Thunder Bay, Ontario. The amendment fixes the minimum share price at $0.075, capping the maximum share issuance to 9,333,333. Delta aims to earn a 100% interest in the 2,115-hectare property, which includes historic high-grade gold resources. The terms include cash payments and share issuances over five years, with Delta retaining buyback options on royalties. Golden Share will receive bonuses if NI-43-101 resources are defined. The amended agreement awaits regulatory approval.

Delta Resources has released the final assay results from its 2024 drilling program at the 100% owned Delta-1 Gold project in Thunder Bay, Ontario. The total drilling covered 29 holes and 2 extensions, amounting to 9,286 meters. The highlights include significant gold intercepts such as 1.24 g/t over 22m, 1.01 g/t over 19.1m, and 1.56 g/t over 13.2m in the Eureka Zone.

Noteworthy high-grade results were found in Drill Hole D1-24-90 with 15.94 g/t over 10.0m and D1-24-87 with 22.3 g/t over 0.8m. The drilling extended the mineralized zone to a vertical depth of 300 meters and discovered new high-grade zones in the South Zone.

Delta's President and CEO, André Tessier, highlighted the internal continuity of the gold system and the extension of the mineralized zone to 2.5 kilometers in strike length. The company plans to integrate the data into its geological model to guide future drilling campaigns.

Delta Resources has entered into four agreements to acquire a 100% interest in 330 claim units across 68 square kilometers in Thunder Bay, Ontario, contiguous to its Delta-1 Property. These acquisitions make Delta the largest landholder in the eastern Shebandowan greenstone belt, covering 220 square kilometers.

The agreements include payments totaling $186,000 in cash and 1,933,334 shares, plus Net Smelter Return Royalties (NSR) with buyback options. Delta’s CEO, André Tessier, stated that these acquisitions position the company strategically in a highly prospective area.

Delta Resources has entered into an agreement with Golden Share Resources to acquire a 100% interest in the Band-Ore property in Thunder Bay, Ontario. The property, located near Delta's existing Delta-1 Property, spans 2,115 hectares and contains historic high-grade gold resources. Delta will pay a total of $1.3 million in cash and $700,000 in shares over five years. Golden Share retains a 2% Net Smelter Return Royalty, with Delta having an option to buy back 1% for $3 million. This acquisition expands Delta's land position to 152 square kilometers in the Shebandowan Greenstone Belt. The agreement is pending regulatory approval.