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Scout Equity Research Completes Analysis on Delta Mining and Exploration, Corp.

LEWISBURG, Ky., May 26, 2004 /PRNewswire-FirstCall/ -- Scout Equity Research, an independent research company has just completed an in-depth report on Delta Mining and Exploration, Corp. (Delta) (Pink Sheets: DMXC).

The report covers the full spectrum of the diamond exploration and mining industry along with a company overview and the type potential that Delta possesses. There is in-depth analysis of the Montana and Bolivian properties, planned exploration, and the quality of Delta's management.

To read the full report visit www.scoutco.com/researcharchive.html, and it will also be posted on the Delta's website, www.deltamine.com.

Scout Equity Research is a leading independent research company. They provide insightful, in-depth equity research coverage to smaller U.S. traded companies and the individuals and institutions who invest in them. As a policy, Scout and its clients, affiliates and employees, do not take long or short positions in, or buy or sell the securities and derivatives (including options) thereof, of companies mentioned in reports.

Delta Mining and Exploration Corp., http://www.deltamine.com is a mineral exploration company with an extensive portfolio of diamond and gold properties throughout the state of Montana, and in Bolivia, South America. Delta controls some 7,500 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 and gold properties are controlled in Bolivia, South America.

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.

On Behalf of the Board of Delta Mining and Exploration Corp.

SOURCE  Delta Mining and Exploration, Corp.
CONTACT:
Alex Livak, Investor Relations
(917) 731-0215, or info@deltamine.com
Web site:  http://www.deltamine.com
Symbol:  (DMXC)

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