SOURCE: Delta Mining and Exploration

October 01, 2007 09:30 ET

Delta Mining and Exploration Corporate Update

MISSOULA, MT--(Marketwire - October 1, 2007) - Continuing the corporate policy of keeping investors posted of current activity, Delta Mining and Exploration (PINKSHEETS: DMXC) along with CEO Brett Rodli would like to issue the following update.

The company has received additional funding per its agreement. As a result Delta has been able to settle its remaining outstanding debt. At the current rate, Delta will receive the full allotment of its funding agreement a lot sooner then expected, with the remaining funds being set aside for Phase 3 Exploration.

With regards to Phase 3 -- unfortunately due to poor weather conditions in Montana during the month of September, the work schedule had to be delayed a few weeks. The original plan was to have Apex commence work some time this past month, but due to very dry weather, that had to be slightly delayed. The area around the Grassrange properties was overly dry due to the summer heat wave which resulted in a serious fire threat. Fortunately that has changed due to cooling temperatures and a good amount of rain, and therefore alleviating the dangerous condition.

This in no way dampens the mood or the plans of the company as details of the work program have been finalized and work will begin in a relatively short period of time -- an exact date will be announced. Delta is expecting a very eventful and busy fall/winter season as it looks forward to discovering what it possess on its properties.

NOTE: Safe Harbor for Forward-Looking Statements.

This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, the ability of the Company to complete the planned bridge financing, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.

Contact Information