DUR.H Delta Uranium

Delta Uranium Inc. (TSX VENTURE:DUR.H) (the "Company") announces that further to
the financial assistance received from Augustine Ventures Inc. ("Augustine")
(CNSX:WAW), after preliminary negotiations, it has issued to Augustine a secured
promissory note in favour of Augustine for the principal amount of $306,415. The
note bears interest an annual interest rate of 12% and is payable on demand. The
principal amount and all accrued interest payable under the note is secured by a
pledge by Delta of the 3,810,000 common shares in the capital of Augustine held
by Delta. Delta is a related party to Augustine by virtue of a common director,
officer and of its shareholdings of Augustine.


Delta continues to hold negotiations with Augustine with respect to the
repayment of the principal amount. The negotiations are being undertaken by
independent directors of both Augustine and Delta. Further updates will be
provided when available.


Cautionary Note Regarding Forward-looking Statements

Certain statements contained in this news release may constitute forward-looking
information, within the meaning of Canadian securities laws. Forward-looking
information may relate to this news release and other matters identified in
Delta's public filings, Forward-looking information and anticipated events or
results and can be identified by terminology such as "may", "will", "could",
"should", "expect", "plan", "anticipate", "believe", "intend", "estimate",
"projects", "predict", "potential", "continue" or other similar expressions
concerning matters that are not historical facts and include, but are not
limited in any manner to, those with respect to capital and operating
expenditures, economic conditions, availability of sufficient financing, receipt
of approvals, satisfaction of closing conditions and any and all other timing,
development, operational, financial, economic, legal, regulatory and/or
political factors that may influence future events or conditions. Such
forward-looking statements are based on a number of material factors and
assumptions, including, but not limited in any manner, those disclosed in any
other public filings of Delta, and include the ultimate availability and final
receipt of required approvals, sufficient working capital for development and
operations, access to adequate services and supplies, availability of markets
for products, commodity prices, foreign currency exchange rates, interest rates,
access to capital markets and other sources of financing and associated cost of
funds, availability of a qualified work force, availability of manufacturing
equipment, no material changes to the tax and regulatory regime and the ultimate
ability execute its business plan on economically favourable terms. While we
consider these assumptions to be reasonable based on information currently
available to us, they may prove to be incorrect. Actual results may vary from
such forward-looking information for a variety of reasons, including but not
limited to risks and uncertainties disclosed in other Delta filings at
www.sedar.com and other unforeseen events or circumstances. Other than as
required by law, Delta does not intend nor undertake any obligation to update
any forward looking information to reflect, among other things, new information
or future events.

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