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DLTA.V ·

Delta Grants Stock Options

Share Capital & Compensation

DELTA GRANTS STOCK OPTIONS

Friday, August 25, 2023 / Kingston, Ontario / Newsfile Corp. Delta Resources Limited (“Delta” or “The

Company”) (TSX-V: DLTA) (OTCBB:DTARF) (Frankfurt: 6G01) announces the grant of 1,863,000 stock

options to management, the board of directors, employees and consultants. The options are exercisable at

$0.265 for 5 years from the date of the grant and vest 50% on December 31, 2023, and 50% on December

31, 2024.

About Delta Resources Limited

Delta Resources Limited is a Canadian mineral exploration company focused on growing shareholder

value through the exploration of two very high-potential gold and base-metal projects in Canada.

• DELTA-1 covers approximately 107 square kilometres located 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 kilometres in the prolific Chibougamau

District of Quebec. The property holds excellent potential for gold -rich polymetallic VMS d eposits

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.

Frank Candido

Chairman

Delta Resources Limited

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 acc uracy

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, President and CEO

Tel: 613-328-1581

[email protected]

or

Frank Candido, Chairman

Tel: 514-969-5530

[email protected]

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 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. Forward -looking

information and statements in this news release include, but are not limited to, information or statements

with respect to: the repurchase of NSR royalties relating to the exploration properties, the results of

exploration on the properties, and the ability and timing of Delta to purchase the exploration property subject

to a lease. Investors are cautioned that forward -looking information is inherently uncertain and involves

risks, assumptions and uncertainties that could cause actual facts to differ materially, including but not

limited to: risks relate d 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 o f

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.