Delta Reports New Gold Intercept at Nova Target in Wedge Area, 4 Kilometres West of Eureka; Follow-Up Drill Program Underway

The most recent news release (February 4, 2026) announces a new gold discovery at the "Nova Target" within the Wedge area of the Delta-1 property, located 4 kilometres west of the Eureka Gold Deposit. Significant intercepts include 1.11 g/t gold over 10.3 metres. This follows a high-grade result at the Shabaqua target (4.25 g/t Au over 11.8m) reported in January. The company has immediately commenced a 1,400-metre follow-up drill program to test the Nova, Wedge, and Kaspar targets. Management explicitly links the funding for this activity to the recently announced C$8.25 million option agreement with Troilus Mining for the Delta-2 property.

The news is Material - Positive for three reasons: - Exploration De-risking: The Nova discovery suggests that mineralization at Delta-1 is not confined to the Eureka deposit. Finding "new style" mineralization 4km away increases the probability of defining a mining camp rather than a single isolated deposit. - Synergistic Potential: Management is targeting shallow, higher-grade "starter pit" opportunities that could enhance the economics of the larger, lower-grade Eureka system. - Financial Continuity: The transition from the "Fall 2025" program to a "Follow-up 2026" program indicates no lag in operations, which is only possible due to the non-dilutive cash infusion from the Troilus deal. However, the intercepts at Nova (1.11 g/t) are relatively modest for exploration-stage results and require significant scale to be economic.

Delta Resources is focused on gold exploration in Ontario and Quebec. Its flagship is the Delta-1 Project (Thunder Bay), which hosts the Eureka Gold Deposit. Eureka is characterized as a large-scale, low-grade system (typical intercepts 0.4 - 0.8 g/t Au) with multi-million-ounce potential. The project is strategically located 50km from Thunder Bay with excellent infrastructure (highway and power).