Delta Resources Announces Closing of the Delta-2 Option with Troilus Mining delivering up to $8.25M Non-Dilutive Funding and 1% NSR Royalty

Delta Resources Limited has successfully closed a strategic option agreement with Troilus Mining Corp that provides the company with up to C$8.25 million in non-dilutive funding over three years. Under the agreement, Troilus can acquire 100% interest in Delta's Delta-2 mineral claims located 35 kilometres southeast of Chibougamau, Quebec, while Delta retains a 1.0% Net Smelter Return royalty with 50% repurchase rights for C$500,000.

The transaction structure includes an initial C$1.0 million payment already received at closing, comprising C$500,000 cash and C$500,000 in Troilus shares, with additional staged payments totaling C$7.25 million through December 2028. Troilus will serve as operator during the option period, funding all exploration activities and claim maintenance expenditures on the 405-claim, 21,783-hectare property in Quebec's premier Abitibi Greenstone Belt.

This deal represents a significant value unlock for Delta Resources, providing immediate capital to advance its flagship Delta-1 Gold Property in Thunder Bay, Ontario, without shareholder dilution. The company's disciplined capital allocation approach allows it to maintain strategic focus on Delta-1's rapidly evolving gold system while retaining upside exposure to Delta-2 through the NSR royalty. The partnership with technically strong Troilus Mining positions both companies to maximize value from their respective assets in established mining jurisdictions.

For the broader junior mining sector, this transaction exemplifies effective asset monetization strategies that allow explorers to advance multiple projects simultaneously while managing capital constraints. The deal structure provides Delta with immediate liquidity and long-term royalty exposure while enabling Troilus to expand its Quebec footprint in a proven geological setting with established infrastructure and mining history.