Delta Welcomes Sara Paquet to its Board of Directors

Rhea-AI Summary

Delta Resources Limited has announced the appointment of Sara Paquet to its Board of Directors, enhancing its strategic direction in mineral exploration. With extensive international experience in sales and management, Paquet will contribute to Delta's goal of promoting its exploration potential. The Board also approved 200,000 stock options for her, exercisable at $0.40 per share. Additionally, the recent AGM saw the appointment of board members, reaffirmation of KPMG as auditors, and approval of the stock option plan. Delta continues to focus on its gold and base-metal projects in Canada.

Positive

• Appointment of Sara Paquet brings international experience and sales expertise to the board.
• 200,000 incentive stock options granted to Ms. Paquet may align her interests with shareholders.
• Board decisions at the AGM indicate shareholder confidence and strategic continuity.

Negative

• No significant negative impacts identified.

KINGSTON, ON / ACCESSWIRE / August 25, 2020 / Delta Resources Limited ("Delta" or "The Company") (TSXV:DLTA)(OTCBB:GOLHF)(Frankfurt:6G01) is pleased to welcome Sara Paquet to its Board of Directors.

Frank Candido, Chairman of the Board at Delta commented as follows:

"We are thrilled to add Sara Paquet to our Board of Directors. Her international experience and deep knowledge and understanding of the economics of exploration will further enhance our commitment to a well-rounded and independent board and help us to market the exceptional exploration potential at Delta Resources Limited."

Ms. Paquet is Global Sales Director at Fordia a division of Epiroc. Epiroc is a leading productivity partner for the mining and infrastructure industries. Epiroc develops and produces equipment, consumables and service for use in surface and underground mining, infrastructure, civil works, and well drilling applications.

Previously, her experience included Regional Sales Manager at Hilti, Great Britain which supplies the worldwide construction industry with products, systems and services.

Ms. Paquet has global experience in sales, distribution, purchasing, logistics, and human resources with international experience, working in Mexico, France, China and England.

Ms. Paquet has a bachelor's degree from UQAM-HEC (Montreal, Canada) in Communications and Management and an MBA from Hult International Business School (Shanghai, Dubai, London). Sara is fluent in English, French & Spanish.

The Board of Directors has approved 200,000 incentive stock options exercisable at $0.40 per share to be granted to Ms. Paquet. The options are exercisable for a period of five years in accordance with the terms of Delta's Stock Option Plan and are subject to the policies of the TSX Venture Exchange.

Delta Resources Limited- AGM 2020

Delta is also pleased to announce that all matters put forward to the shareholders for approval at its 2020 Annual General and Special Meeting ("AGM") held on August 18, 2020 by teleconference were adopted.

At the AGM, the following individuals were elected as the directors of the Company: Frank Candido (Chairman), Andre Tessier (President), Roy Millington and Kevin Heather.

The shareholders appointed KPMG as auditors of the Company, re-approved the Company's stock option plan and approved the termination of the Shareholder Rights Plan.

About Delta Resources Limited

Delta Resources Limited is a Canadian mineral exploration company focused on growing shareholder value through the acquisition of high-potential gold and base-metal projects in Canada, exploring these projects with state-of-the-art methods, and potentially developing these projects into mines.

Delta is currently exploring its Eureka Gold Discovery in the Thunder Bay area (Delta-1) and its Delta-2 Gold-Polymetallic Property in the Chibougamau Mining District of Quebec.

Delta also owns a 100% interest in the Bellechasse-Timmins gold deposit in southeastern Quebec. On July 3^rd, 2020, Delta announced the sale of the Bellechasse-Timmins project.

The Company continues to focus on building upon its strong portfolio of mineral exploration properties with a high potential for economic discoveries in Canada.

ON BEHALF OF THE BOARD OF DELTA RESOURCES LIMITED.

Andre C. Tessier
President, CEO and Director
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. Forward looking information include, but are not limited to, statements regarding the use of proceeds of the non-brokered private placement and payment of the debt settlements. 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.

SOURCE: Delta Resources Limited

View source version on accesswire.com:
https://www.accesswire.com/603237/Delta-Welcomes-Sara-Paquet-to-its-Board-of-Directors

FAQ

Who is Sara Paquet and what is her role at Delta Resources Limited?

Sara Paquet is the newly appointed Board member at Delta Resources Limited, bringing extensive experience in international sales and management.

What stock options were granted to Sara Paquet?

Sara Paquet was granted 200,000 incentive stock options exercisable at $0.40 per share for a period of five years.

What were the outcomes of Delta Resources Limited's 2020 AGM?

During the 2020 AGM, all shareholder proposals were adopted, including the appointment of directors and auditors.

How does Sara Paquet's experience benefit Delta Resources Limited?

Her international experience and knowledge in exploration economics are expected to enhance Delta's strategic direction and market approach.

What is Delta Resources Limited focusing on currently?

Delta Resources Limited is focused on exploring high-potential gold and base-metal projects in Canada.