Delta acquires mineral rights to Homestead target

Delta Mining and Exploration Corp. announces the purchase of 100% mineral rights to one parcel of the Homestead target, and 50% to two parcels also comprising the Homestead target.

The Mineral Rights (Mineral Deed) grants a 2% net returns royalty to the Grantor for 100% mineral rights, and 1% net returns royalty to be paid to Grantor for the 50% mineral rights.

Mineral Rights include all precious metals, mineral aggregates and metals containing diamonds, gold, silver; along with other precious metals, gems and gemstones, and any useful rare earth minerals, excluding oil and gas, and sand and gravel.

Delta also has an agreement in place for the right to purchase the remaining mineral rights of the two parcels mentioned above.

Mr. Brett Rodli, President and Chief Executive Officer of Delta Mining, stated that the purchase of the mineral rights gives Delta Mining an ownership interest in the property and a tangible asset that will further secure the Homestead property and its future development.