Delta Resources Completes Upsized 5,237-Metre Fall Drilling Program at the Delta-1 Gold Property and Announces Completion of High-Resolution Drone Mag Survey, Thunder Bay, Ontario

The most recent news release, dated December 4, 2025, states that Delta Resources Limited has completed its 2025 fall drilling program at the Delta-1 Gold Property in Thunder Bay, Ontario. The program was "upsized" and successfully completed 26 drill holes totaling 5,237 meters, exceeding initial plans. Additionally, a high-resolution drone magnetic survey was completed. The Interim Chief Executive Officer, Ron Kopas, noted that the expanded program allowed for testing new target areas, including the Wedge sector, and evaluating extensions to the Eureka Gold system. While the operational pace was unexpectedly rapid, leading to minor delays in sample dispatch, the company expects to report assay results from this drilling program "shortly."

This news release is an operational update indicating successful and efficient execution of the fall drilling program and a geophysical survey at the Delta-1 Property. The fact that the program was "upsized" from the previously announced "minimum of 3,100 metres" (September 17, 2025 news) to 5,237 metres is a positive sign regarding the company's operational capabilities and confidence in the targets. The completion of a high-resolution drone magnetic survey will provide valuable data for future exploration targeting.

However, the material impact on the company's valuation and stock price is limited at this stage because the crucial assay results are still pending. Without these results, the market cannot assess the success of the drilling in terms of gold mineralization, grade, and width. The delay in assay reporting, although explained, means that the immediate positive effect is contained to operational efficiency rather than a definitive resource expansion. Therefore, while operationally positive, the news is routine in the absence of tangible exploration results. The market will await the assays to determine the true impact.

Delta Resources Limited is an exploration company primarily focused on its Delta-1 Gold Property in the Shebandowan greenstone belt, 50 kilometers west of Thunder Bay, Ontario. The property is known for the Eureka Gold Deposit, which the company has been actively exploring. Eureka exhibits gold mineralization from surface to over 400 meters vertical depth, extending over a strike length of more than 3.0 kilometers and up to 150 meters in width. The company emphasizes the project's accessibility due to its proximity to the Trans-Canada Highway.

Beyond Eureka, the Delta-1 property includes other prospective areas such as: * I-Zone sector: Located approximately 19 km southwest of Eureka, with historical high-grade gold showings (e.g., 4.32 g/t Au over 41.0m, a 1,000kg bulk sample averaging 9.9 g/t Au, and recent channel samples up to 1.23 g/t Au over 40.6m). * Shabaqua Zone: An acquired area 1.3 km west of Eureka, showing potential for a second near-surface high-grade discovery. * Wedge sector: 5 km from Eureka with historical drilling results and significant till anomalies.

The company also holds the Delta-2 Gold and Polymetallic Property in the Chapais/Chibougamau Mining Camp, Quebec, which features drill-ready gold and VMS targets. Delta Resources is strategically looking to monetize Delta-2 to secure non-dilutive funding for the advancement of its Delta-1 project.