Delta Uranium Inc.
TSX : DUR

Delta Uranium Inc.

June 02, 2009 16:15 ET

Delta Uranium Announces Non-Brokered Private Placement

TORONTO, ONTARIO--(Marketwire - June 2, 2009) -

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Delta Uranium Inc. (TSX:DUR) ("Delta") is pleased to announce that, subject to regulatory approval, it intends to proceed with a non-brokered private placement financing (the "Private Placement") of up to 4,470,000 units (the "Units") of the Company at a price of $0.10 per Unit for aggregate proceeds of up to $447,000. Each Unit will be comprised of one common share in the capital of the Company and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant will be exercisable into one common share in the capital of the Company at any time on or before the date that is two years after the closing of the Private Placement at an exercise price of $0.15 per share.

Subject to certain conditions including, but not limited to, the receipt of the approval of the Toronto Stock Exchange, closing is expected on or about June 10, 2009.

All currency references are in Canadian dollars.

This news release is not for distribution to United States newswire services or for dissemination in the United States. The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

About Delta Uranium Inc.

Delta Uranium is TSX listed Canadian exploration company actively engaged in the acquisition, evaluation and exploration of uranium mineral properties in northeastern and northwestern Ontario, Athabasca Basin and Western Newfoundland, Canada.

The TSX has not reviewed and does not accept responsibility for the adequacy of this news release.

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