Delta Mining and Exploration Extends Lease Agreement on the 7,325 Acre Ranch Property

Delta Mining and Exploration (PINKSHEETS: DMXC) is pleased to announce it has extended its land lease agreement with the option to purchase mineral rights for the 7,325 acre Ranch property which encompasses the Homestead site for an additional three years. The lease which was set to expire on December 7th will now run through December 2011.

Delta's Chief Executive Officer, Mr. Brett Rodli, stated that "This was another important step forward for Delta as we await results from our 30 tonne bulk sampling program of the Homestead kimberlite. Securing the land for an additional 3 years will allow Delta to continue with future exploration plans regardless of the bulk sample's outcome."

Also, the company is continuing to work with Pink Sheets toward removing the Caveat Emptor status. Extensive financial, corporate and property-related documentation is required by Pink Sheets which may include information about certain land agreements which are currently deemed confidential. The company hopes to have everything resolved by the end of its fiscal year, which is September 30th.

About Delta Mining and Exploration Corp., http://www.deltamine.com: Delta is a mineral exploration company with an extensive portfolio of diamond properties in central Montana, USA. Delta controls some 7,554 acres throughout Montana located within the Wyoming Craton where much of North America's diamonds have been found.

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.