Delta Appoints Justin Reid to Its Board of Directors
DELTA APPOINTS JUSTIN REID TO ITS BOARD OF DIRECTORS
July 31, 2023 / Kingston, Ontario / Newsfile Corp. Delta Resources Limited (“Delta” or “The
Company”) ( TSX-V: DLTA ) (OTCBB:DTARF ) ( Frankfurt: 6G01 ) is pleased to announce the
appointment of Justin Reid to its Board of Directors.
Mr. Reid is a geologist and capital markets executive wit h over 25 years of experience focused
exclusively on the mineral resource space. Mr. Reid star ted his career as a geologist with the
Saskatchewan Geological Survey and Cominco Global Exploration after which he became a partner
and senior mining analyst at Sprott/Cormark Securitie s in Toronto. He was then named Executive
General Manager at Paladin Energy, where he was responsible for leading all merger and acquisition,
corporate and market related activities. He is the form er Managing Director Global Mining Sales at
National Bank Financial, where he directed the firm’s sales and trading in the mining sector. He acted
as President and Director of Sulliden Gold Corporation, until its acquisition by Rio Alto Mining in 2014.
Currently, Mr. Reid is the founder and Chief Executive Officer of Troilus Gold Corp. (“Troilus”). He
holds a B.Sc from the University of Regina, a M.Sc from the University of Toronto and an MBA from
the Kellogg School of Management at Northwestern Univ ersity. Mr. Reid holds the designation of
Independent Corporate Director (ICD.D) received in 2023 from the Institute of Corporate Directors via
The Rotman School of Business at the University of Toronto.
“We would like to welcome Mr. Reid to our Board of Directors. We are very pleased to be adding his
extensive experience in managing all facets of an exploration company as well as his deep knowledge
of the capital markets to our Board during our next stage of growth” stated Frank Candido, Chairman,
Delta Resources Limited
As announced on December 15, 2022, Troilus Gold Corp. subscribed for 3,000,000 units of Delta. As
a result of Mr. Reid’s position as CEO of Troilus, these units will now be considered insider ownership
and will be reported as such. Mr. Reid control directly and indirectly 3,586,111 shares o f Delta not
accounting for warrants and options.
About Delta Resources Limited
Delta Resources Limited is a Canadian mineral explorat ion company focused on growing
shareholder value through the exploration of two ve ry high-potential gold and base-metal
projects in Canada.
DELTA-1 covers approximately 107 square kilometres lo cated 50 kilometres west of
Thunder Bay, Ontario where a gold mineralized zone 950 metres long was outlined
through drilling in a multi-kilometre-scale intense alteration halo. Best grades to date
include a drill intercept of 14.8 g/t Au over 11.9 metres, within a broader interval of 5.92
g/t Au over 31 m. The zone is open in all directions.
DELTA-2 VMS and DELTA-2 GOLD covers 194 square kilo metres in the prolific
Chibougamau District of Quebec. The property holds exce llent potential for gold-rich
polymetallic VMS deposits as well as hydrothermal-gold deposits. Delta targets VMS
deposits such as the LeMoine past producer where 0.76 Mt were mined between 1975
and 1983, grading 9.6% Zn, 4.2% Cu, 4.5 g/t Au and 84 g/t Ag.
ON BEHALF OF THE BOARD OF DELTA RESOURCES LIMITED.
Andre Tessier
President and CEO
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
or
Frank Candido, Chairman
Vice-President Corporate Communications
Tel: 514-969-5530
Cautionary Note Regarding Forward Looking Information
Some statements contained in this news release are “forward looking information” within the meaning of Canadian securities
laws. Generally, forward-looking information can b e identified by the use of forward-looking terminol ogy 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”, “occu r” or “be achieved” or the negative connotation the reof. Forward-looking
information and statements in this news release include, but are not limited to, information or statem ents with respect to: the
repurchase of NSR royalties relating to the explora tion properties, the results of exploration on the properties, and the ability
and timing of Delta to purchase the exploration pro perty subject to a lease. Investors are cautioned t hat forward-looking
information is inherently uncertain and involves ri sks, assumptions and uncertainties that could cause actual facts to differ
materially, including but not limited to: risks rel ated to operations; risks related to current global financial conditions; actual
results of current exploration activities; environmental risks; future prices of gold; possible variations in grade or recovery rates;
and accidents, labor disputes and other risks of the mining. 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 time or in response to any particular event.