Delta further expands Its land position in Thunder Bay

Delta Resources Limited has entered into four (4) four separate agreements (two purchase agreements and two option agreements) whereby Delta is acquiring the exclusive rights to earn a 100% interest in 330 claim units covering approximately 68 square kilometres, contiguous to its Delta-1 Property in Thunder Bay.

With these new options and acquisitions, Delta now controls 220 square kilometres in the eastern portion of the Shebandowan greenstone belt. 

André Tessier, President, and CEO commented: "With these acquisitions, Delta becomes the largest land-owner in the eastern portion of the belt, covering what our team deems to be the most prospective ground in the belt. Delta is assembling the building blocks to secure a dominant presence in the under-explored Shebandowan greenstone belt."

The terms of the agreements are as follows: (Agreements for Properties 3 and 4 are subject to regulatory approval.)

PROPERTY 1: Delta has entered on May 8, 2024 into a mineral claims purchase agreement whereby the Corporation acquired a 100% interest in twenty-two (22) claims, covering approximately 458 hectares contiguous to its Delta-1 property in Duckworth Township, Thunder Bay, Ontario. 

Delta paid the sum of $21,150.00 for 100% interest in the property. Vendors will retain a 2% Net Smelter Return Royalty ("NSR"). Delta will have the option to buyback a 1.0% NSR at anytime for $1M and will have a right of first refusal on the second 1.0% NSR up to a maximum of $4,000,000. 

PROPERTY 2: Delta has entered on May 9, 2024 into a mineral claims purchase agreement whereby the Corporation acquired a 100% interest in thirty-seven (37) claims, covering approximately 790 hectares contiguous to Property 1 (above) in Duckworth Township, Thunder Bay, Ontario. 

Delta paid the sum of $31,850.00 on TSX approval for 100% interest in the property. Vendors will retain a 2% Net Smelter Return Royalty ("NSR"). Delta will have the option to buyback a 1.0% NSR at anytime for $1M and will have a right of first refusal on the second 1.0% NSR up to a maximum of $4,000,000. 

PROPERTY 3: THE GOLD-CREEK PROPERTY: Delta has entered into a mineral claims purchase agreement with Portofino Resources Corp. (the "Vendors"), whereby the Corporation earns the exclusive right to acquire a 100% interest in 16 unpatented claims (214 claim units), covering approximately 4,324 hectares west of its Delta-1 property in Duckworth and Lamport Townships, Thunder Bay, Ontario. Contiguous to Property 2 above.

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