SOURCE: Delta Mining and Exploration

February 16, 2010 11:44 ET

Delta Mining Announces First Quarter 2010 Financials

LEWISBURG, KY--(Marketwire - February 16, 2010) - Delta Mining & Exploration (PINKSHEETS: DMXC) today announced financial results for the first fiscal quarter of 2010 ended December 31, 2009 with no revenues during its initial exploration period and negligible loss. There were no comparable results in the year earlier start-up period.

"Our work crews are returning to the Delcer Buttes prospect in Elko County, Nevada to assess ground snow conditions in order to estimate the time frame to resume Induced Polarization (IP) portion of the program recently interrupted by weather conditions," according to Alex Livak, President and CEO.

"Conditions permitting at the site, we expect to announce material results in the second fiscal quarter ending March 31," he added.

Delta Mining & Exploration,, is an emerging exploration company locating mineral and precious metal deposits in the mining rich regions of North America. The Company currently owns mineral rights to land in central Montana as well as the rights to 31 claims on 680 acres in Elko County, Nevada.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS -- The statements which are not historical facts contained in this news release are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, exploration activities, the impact of competitiveness, the effect of economic conditions and other uncertainties.)

                    FIRST QUARTER ENDED DECEMBER 31, 2009
   (No comparable financial results for the prior first quarter start-up

Revenue                                     $    -0-
Net Earnings (Loss)                        ($ 38,798)
Net Earnings (Loss) Per Share
   Basic and Diluted                       ($ 0.0002)

Contact Information

    Alex Livak
    (917) 331-0076
    Email Contact

    Greg McAndrews & Associates
    (310) 301-3035
    Email Contact