News

Delta Secures Additional Funding for Further Exploration

LEWISBURG, KY -- (MARKET WIRE) -- 02/08/06 -- Delta Mining and Exploration Corp. (OTC: DMXC) is pleased to announce that it has secured additional funding allowing it to further advance the work program currently in progress on the Montana Properties. This funding will not only allow the Company to perform a thorough job on the Montana Properties, but will also allow for the planning of a work program on the Bolivian Properties.

Given a successful ground magnetic survey and detailed sampling scheduled for completion; new CEO Mr. Brett Rodli wanted to secure additional funding to ensure the company is in a financially secure position with the ability to perform any work necessary on the various properties without the constant need to secure additional capital.

The additional funds supplement the money raised last year. Even with the Company successfully retiring as much debt as possible and successfully completing the first stage of exploration on their Montana properties, it became clear that additional funding was necessary for the full program to be completed. Mr. Rodli made financial security his number one priority when he took over for Dr. Rayment, and now feels that Delta is ready to move ahead with its exciting plans for 2006. He expects nothing less then a busy and successful year for the company.

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 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.

CONTACT:
Alex Livak
1-347-813-4664
info@deltamine.com