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PRESS RELEASES
Delta Mining Announces First
Quarter 2010 Financials
LEWISBURG, KY -- (MARKET WIRE) -- 02/16/10 -- Delta
Mining & Exploration (PINKSHEETS: DMXC) today announced
financial results for the first fiscal quarter of 2010 ended
December 31, 2009 with no revenues during its initial
exploration period and negligible loss. There were no
comparable results in the year earlier start-up period.
"Our work crews are returning to the Delcer Buttes
prospect in Elko County, Nevada to assess ground snow
conditions in order to estimate the time frame to resume
Induced Polarization (IP) portion of the program recently
interrupted by weather conditions," according to Alex Livak,
President and CEO.
"Conditions permitting at the site, we expect to announce
material results in the second fiscal quarter ending March
31," he added.
Delta Mining & Exploration,
www.deltamine.com, is
an emerging exploration company locating mineral and
precious metal deposits in the mining rich regions of North
America. The Company currently owns mineral rights to land
in central Montana as well as the rights to 31 claims on 680
acres in Elko County, Nevada.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS -- The
statements which are not historical facts contained in this
news release are forward-looking statements that involve
certain risks and uncertainties including, but not limited
to, risks associated with the uncertainty of future
financial results, additional financing requirements,
exploration activities, the impact of competitiveness, the
effect of economic conditions and other uncertainties.)
DELTA MINING & EXPLORATION CORP. STATEMENT OF INCOME
FIRST QUARTER ENDED DECEMBER 31, 2009
(No comparable financial results for the prior first quarter start-up
period)
Revenue $ -0-
Net Earnings (Loss) ($ 38,798)
Net Earnings (Loss) Per Share
Basic and Diluted ($ 0.0002)
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