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News for DMXP

Delta Mining and Exploration Receives Second Round Of Financing
Business Wire - July 07, 2005 10:30

LEWISBURG, Ky., Jul 07, 2005 (BUSINESS WIRE) -- Delta Mining and Exploration Corp. (OTC: DMXP) is pleased to announce that it has received and banked the second round of financing as part of its one million dollar raise. The details of the financing agreement were discussed in Delta's news release dated May 25, 2005.

With round two of the financing in place, Delta will shortly be entering into a contract with a geological consulting group to carry out work on the Company's diamond exploration properties in Montana.

A priority of both, Delta and the geological consulting firm, will be to complete tests that would advance the Homestead kimberlite diatreme, as a follow-up to reconnaissance sampling previously completed by Delta. The firm expects to complete the bulk of the comprehensive work program on the Homestead and surrounding properties this summer, as the company moves forward with the exploration campaign in the Montana region.

About Delta Mining and Exploration, Corp: http://www.deltamine.com: Delta 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 much of North America's diamonds have been found. A further 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 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, 347-813-4664
[e-mail]

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