Delta Resources Kicks off Largest Exploration Program to Date at the Delta-1 Gold Project, Thunder Bay District, Ontario

Executive Summary

• Delta Resources Limited announces the commencement of its largest field exploration program to date at its flagship Delta-1 Gold Project in northwestern Ontario, targeting the I-Zone/Crayfish Creek Fault sector and the Eureka Gold Deposit.
• The program is fully funded by a recent $6.56M charity-flow through financing and supported by an $8.25M option agreement for the Delta-2 property, with additional drilling planned at Eureka ahead of a maiden mineral resource estimate later in 2026.
• Exploration activities will include systematic geological mapping, trenching, and sampling, with the drill rig scheduled to move to the I-Zone sector in early autumn for year-round operations.

Key Details

• Exploration Program Scope: Largest field program to date at the Delta-1 Gold Project (340 km² land package in the Shebandowan Greenstone Belt, NW Ontario).
• Initial Target Focus: I-Zone / Crayfish Creek Fault sector, located ~18 km southwest of the Eureka deposit.
• Historical & Recent Assay Data (I-Zone Area):
• Inco Gold (1988-1989): 3.28 g/t Au over 14.6 m
• Ovalbay (1995): 4.32 g/t Au over 41 m, 4.53 g/t Au over 14.4 m, and 4.36 g/t Au over 20.4 m
• Mengold (2008): 1,000 kg mini-bulk sample grading 9.9 g/t Au
• Delta Resources (2024 channel sampling): 1.23 g/t Au over 40.6 m (including 2.12 g/t Au over 12 m and 3.39 g/t Au over 5 m), and 2.40 g/t Au over 16.2 m (including 5.54 g/t Au over 5 m)
• Planned Field Activities: Systematic geological mapping, prospecting, trenching, and sampling of known gold occurrences, plus follow-up work on newly identified high-priority targets.
• Eureka Deposit Drilling Plans: Step-out drilling at Eureka and Shabaqua, complemented by targeted infill drilling ahead of a maiden mineral resource estimate later in 2026.
• Drill Schedule & Logistics: Initial field work at I-Zone/Crayfish Creek, followed by drill rig relocation to the I-Zone sector in early autumn to maintain year-round drilling activity.
• Funding Structure: Fully funded by a $6,562,610 charity-flow through financing priced at $0.245 per unit, closed on May 27, 2026.
• Additional Corporate Funding/M&A: Supported by the $8.25M option of the Delta-2 property in Chibougamau, Quebec to Troilus Mining (TLG:TSX), which closed on February 17, 2026, with the Company retaining a 1% NSR royalty.
• Development & Environmental Work: Ongoing environmental baseline studies, hydrological monitoring, metallurgical testing, and stakeholder engagement initiatives.
• Qualified Person: Daniel Boudreau, P.Geo., Vice President of Exploration, has reviewed and approved all technical information per NI 43-101.

Notable Quotes

• Ron Kopas, CEO: "Our 2026 exploration program is designed to unlock value across the Delta-1 Project through the systematic advancement of multiple high-priority targets. Recent work has highlighted significant blue-sky potential across the Project, identifying several compelling opportunities within the highly prospective I-Zone-Crayfish Creek Fault corridor."
• Ron Kopas, CEO: "At the Eureka Gold Deposit, we plan to continue advancing the deposit through additional step-out drilling at both Eureka and Shabaqua, complemented by targeted infill drilling ahead of our maiden mineral resource estimate later this year."
• Ron Kopas, CEO: "We will then look to move the drill in early autumn to the I-Zone / Crayfish Creek Fault sector with our fleshed out targets and expect to keep the drill rig busy throughout the rest of the year."
• Ron Kopas, CEO: "Supported by a strong treasury, an extensive land package, and a robust pipeline of exploration targets, we are excited to commence what we expect will be a highly active and catalyst-rich exploration season."