SOURCE: Delta Mining and Exploration Corp.

January 06, 2010 10:16 ET

Delta Mining and Exploration Corporate Update

NEW YORK, NY--(Marketwire - January 6, 2010) - Last year was a transitional one for Delta Mining and Exploration (PINKSHEETS: DMXC). The company's CEO resigned in March and a new management team stepped in. From the moment the new team was in place the company decided that new direction was needed.

First and foremost, Delta decided that it needed to expand its land portfolio, to go outside of Montana where the company had already conducted some exploration and look for property that had the potential for precious metals. The next step was to secure the necessary funding to purchase land and have the ability to explore it, and finally, to improve the company's transparency by working with and creating a new and improved website.


A little over a month ago, Delta signed a land agreement for 31 unpatented hard rock mining claims totaling 680 acres of land in Elko County, Nevada.

The Property hosts classic copper/gold skarn mineralization and extensive covered areas where other skarn or sediment-hosted mineralization may lie undetected. The skarns appear to be manto-like and the source of heat and fluids could be a large intrusive located to the north of the Property with dike offshoots cutting across the Property.

Delta is currently working out the final details of a full scale work program which will comprise of mapping and sampling along with induced polarization and a magnetometer survey. This initial work program will last a few weeks with results dictating what actions will take place thereafter. A full description of the program along with timelines will be made public once an agreement is reached.

Delta also has the rights to land in Montana and has already conducted preliminary exploration work on some of the property. In fact, Delta was profiled by the Associated Press after it discovered the first in-situ microdiamond in Montana.

Currently, there are no plans to conduct further exploration in Montana until work Nevada is complete. The company will continue to review all options regarding the Montana properties over the coming months and will make a decision on how to proceed.


Last summer, Delta entered into an agreement with a private funding company to ensure that it would have the necessary resources to expand its portfolio of properties and conduct any exploration work on the newly purchased land.

It was because of this funding agreement that Delta was able to purchase the land in Elko County and is fully funded to conduct all work that it deems necessary in 2010.


One of the things that management decided to do last year was to make Delta and all of its operations as transparent as possible. The company updated its financials on and went from a stop sign designation to a yield sign.

Currently, the company is finalizing its disclosure and legal statements to become fully compliant on with the annual financials already posted. The financials and disclosure statements will be updated every quarter so the company can stay current with its information. Delta anticipates that by the end of this month it will meet all of the requirements to be a fully complaint company.

By accomplishing this, Delta hopes that it will develop a trust with its investors and the investment community. In these uncertain times, management believes that this is paramount to running a successful company, especially one that is listed on the Pinksheets.

It is also proven that companies who are fully compliant and keep up with their filings on are more accessible by brokers and money managers, therefore creating greater liquidity in the market place.

Delta and its management team wishes everyone a happy and healthy 2010 and looks forward to building on its accomplishments of 2009.

About Delta Mining and Exploration Corp., Delta Mining and Exploration Inc. is an emerging exploration company whose main objective is to locate and explore land with mineral and precious metal deposits in the mining rich regions of North America. Delta currently owns mineral rights to land in central Montana as well as the rights to 31 claims and 680 acres of land in Elko County Nevada.

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.

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