Delta Mining and Exploration Converts Debt to Equity

Delta Mining and Exploration Corp. (OTC: DMXP) is pleased to announce that it has retired a considerable portion of its existing debt. Furthermore, CEO Brett Rodli was successful in negotiating a debt-to-equity conversion by which the creditors have accepted common stock at a substantial premium price rather than a cash payment.

The groups were owed approximately fifty-four thousand four hundred and forty (US $54,440) dollars and have chosen to convert that sum to roughly 30 million shares of a combination of registered and unregistered shares of common stock pursuant to SEC Rule 144.

The conversion of this debt is a vital step in negotiating sufficient financing to complete work on the Montana Properties. Of utmost importance is the confidence these groups have displayed in Delta by converting their debt position to equity. Both entities will continue to assist Delta in their plans to commence exploration and enhance shareholder value.

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 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 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.

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