Delta Mining & Exploration (fka DMXC)

[littlejoept]

Did WarHorse put money up?---if so, hold on!
"DELTA MINING & EXPLORATION CP Quick Quote: DMXP 0.00 (+0.00)




Delta Mining and Exploration Secures Funds; Work to Begin on the Homestead Kimberlite and Surrounding Targets
5/25/05

Delta Mining and Exploration Corp., (Pink Sheets: DMXP) is pleased to announce the completion of a financing agreement that will allow fieldwork to begin immediately on the Montana Homestead Property together with several previously identified, nearby, specific targets and surrounding areas.

Approximately one million (US 1,000,000) dollars is expected to be received in several traunches over the coming months - the first being banked within the next two weeks. As a result, Delta will move expeditiously in setting up a work program that will fully explore the Homestead kimberlite and neighboring diamond targets. CEO, Dr. Barry Rayment will be meeting with a leading geological consulting firm this week on-site to plan the exploration program. Delta had previously found a kimberlite body together with diamond indicator minerals and a micro-diamond on the Homestead property. The secured funds will allow the viability of the kimberlite on the Homestead property to be determined and to advance fieldwork on neighboring prospective diamond targets.

Furthermore, the funds secured are more than sufficient for Delta to complete this phase of work on the properties and will leave the company in an economically viable position. The financing provides Delta with instant credibility and makes the company attractive for investment, joint ventures as well as providing a pathway to securing additional funding if and when necessary.

Delta Mining and Exploration Corp, http://www.deltamine.com: is a mineral exploration company with an extensive portfolio of diamond properties in Montana, USA and in Bolivia, South America. Delta controls some 8,000 acres throughout Montana located within the Wyoming Craton where many of North America's diamonds have been found. Another 10,000 acres of prospective diamond properties are controlled in Bolivia, South America.

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.

SOURCE: Delta Mining and Exploration Corp.

Delta Mining and Exploration Corp. Alex Livak, 1-347-813-4664 [e-mail] http://www.deltamine.com

Copyright Business Wire 2005