After a change in management this past month, Delta Mining and Exploration would like to issue the following update.

Unfortunately, last year was a difficult one for Delta Mining as it suffered some setbacks on the Homestead property and Phase 3 exploration; as a result, the Board of Directors and Management have decided to take a different course of action.

For the time being, Delta will no longer concentrate on exploring the properties it possesses in Montana and will move away from diamond exploration. Instead, the company is aggressively pursuing other potential land and mineral deals that involve precious metals such as gold, copper and silver.

For the past few months, the management team has been in discussion with joint venture groups looking to secure property rights. The properties that interest Delta are in the areas along the Midwest and Northwest regions of the country where mining activity is still healthy and the potential for joint venture work looks promising.

The company has been approached with proposals for joint venture possibilities and is working out the details as of this announcement. Delta believes that there is an enormous benefit of having a partner working with the company as they may assist in raising capital, help the company secure land, and/or provide the necessary equipment needed for exploration work.

Management believes that this is an exciting time and a tremendous opportunity for the company to make such a bold move. Precious metals are an extremely hot commodity, especially in these uncertain economic times, and the company wants to position itself to be able to take advantage of this opportunity.

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