Delta Resources Announces First Closing of a Premium Charity Flow Through Financing
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Delta Resources Announces First Closing of a Premium Charity Flow Through
Financing
Toronto, Ontario–(Newsfile Corp. – May 8, 2026) – Delta Resources Limited (TSXV: DLTA) (OTC
Pink: DTARF) (FSE: 6G01) (“Delta” or “The Company”) is pleased to announce that it has closed
the first tranche of its non-brokered private placement offering (the “Offering”), as
previously announced on April 23, 2026. The Company has issued 23,495,666 Charity Flow-Through
Units (the “FT Units”) for $0.245 per Charity Flow-Through Unit, for aggregate gross proceeds of
$5,756,438 (the “Private Placement”).
Each FT Unit consists of one flow-through common share of the Company (“FT Share”) and one half
of one non-flow-through common share purchase warrant (“Warrant”), with each whole Warrant being
exercisable to acquire an additional non-flow-through common share of the Company at $0.28 for a
period of 30 months from the date of issuance.
The gross proceeds raised from the issuance of the FT Units will be used to fund “Canadian
exploration expenses” within the meaning of subsection 66.1(6) Income Tax Act (Canada).
All securities issued pursuant to the Private Placement are subject to a statutory four-month hold
period in Canada.
The Company paid finders fees consisting of cash commissions of $48,928 and 213,267
compensation warrants to certain eligible 3rd parties, with each compensation warrant entitling the
holder thereof to purchase one common share in the capital of the Company at $0.28 per common
share for a period of 30 months following the closing of the Offering.
The Private Placement is subject to receipt of final approval of the TSX Venture Exchange.
Qualified Person
Daniel Boudreau, P.Geo ., Vice President of Exploration at Delta Resources Limited, is the
Qualified Person as defined by National Instrument 43 -101 and has reviewed and approved the
technical information contained in this news release.
About Delta Resources Limited
Delta Resources is a Canadian mineral exploration and development company focused on its Delta-1
Gold Project in Ontario, where it has identified a large, near-surface gold system located
approximately 50 km west of Thunder Bay, adjacent to the Trans-Canada Highway.
The Eureka Gold Deposit extends over 2.5 km in strike length and to depths exceeding 300 metres,
with mineralization observed to approximately 600 metres vertical depth and remaining open in all
directions. The property spans 341.6 km² and hosts multiple prospective mineralized corridors.
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Highlights include drill intercepts such as 5.92 g/t Au over 31 m (including 14.8 g/t Au over 11.9 m)
and 1.79 g/t Au over 128.5 m.
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 n ot approved nor
disapproved of the information contained herein.
For Further Information:
Frank Candido, Chairman
Tel: 514-969-5530
Ron Kopas, CEO
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. Investors are cautioned that forward-looking information is inherently
uncertain and involves risks, assumptions and uncertainties that could cause actual facts to differ
materially. 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 particular time or in response to any event.