Delta Uranium Extends the Richard Lake Uranium Deposit Along Strike and at Depth

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Thu Apr 17, 2008 9:39am EDT

  TORONTO, ONTARIO, Apr 17 (MARKET WIRE) -- 
 Delta Uranium Inc. ("Delta" or the "Company") (TSX VENTURE: DUR) is
pleased to announce that analytical results have been received for 17 of
the first 20 diamond drill holes on the Richard Lake Uranium Deposit
("Richard Lake"). The drilling has established the existence of multiple
uranium-bearing pegmatite dykes at Richard Lake extending over a strike
length of 220 metres, and to a depth of 215 metres and remains open in
all directions.

    Extension Drilling Intersects 2.95 lbs/t U3O8 Over 2.00 Metres

    The drilling program, comprising 20 holes totalling 2,151m, was designed
to confirm historic drill results as well as testing for possible strike
extensions of the mineralized horizon to the northeast and southwest. The
program was successful in both respects, identifying the uranium
mineralized pegmatite within previously reported zones, as well as
extending mineralization along strike to the northeast and southwest.

    Drill hole RL07-11 was drilled to test the northeast extension of the
deposit, and successfully identified the mineralized pegmatite returning
an intersection of 8.40 metres of 0.055% U3O8 (1.11 pounds per ton)
including 2.00 metres of 0.148% U3O8 (2.95 pounds per ton). Holes RL07-13
and RL07-15, drilled to the southwest of the deposit, were also
successful in extending the known uranium mineralization along strike.
These holes returned intersections of 1.00 metre grading 0.017% U3O8
(0.34 pounds per ton) and 3.00 metres grading 0.017% U3O8 (0.34 pounds
per ton), respectively (see Table 1: Richard Lake Assay Summary).

    The final drill hole of the program, RL07-20, was designed to undercut
the uranium mineralized pegmatite identified in previous holes and
intersected the zone at a down-hole depth of 165 metres, returning 1.40
metres of 0.116% U3O8 (2.31 pounds per ton).

    Confirmation Drilling Highlights

    Confirmation of the historical drill results is significant as they were
used by previous workers, in conjunction with underground and surface
sampling, to obtain a non-43-101 compliant resource estimate of 650,000
tons grading an average 0.10% U3O8 (2.2 pounds per ton) for the Richard
Lake deposit. The current drilling program has also confirmed the
extension of the deposit to the northeast, as well as providing the first
evidence of a strike extension to the southwest (see Figure 1: Richard
Lake Adit and Drill Locations).

    Although additional drilling will be required to define a
43-101-compliant mineral resource at Richard Lake, Delta Uranium's
program indicates that the uranium mineralization is of significant
lateral and depth extent and has the potential to surpass previous size
estimates. Results have confirmed that the uranium mineralized zone
extends northeast and southwest of previous drilling and is still open
along strike and at depth. The current program also suggests that the
pegmatites have the potential to host wider intervals of lower grade
mineralization, as observed in hole RL07-05, which returned an
intersection of 13.65 metres of 0.028% U3O8 (0.56 pounds per ton).

    A list of all intersections containing uranium values over 100 ppm U
(0.012% U3O8) is given in the following table. Averages were calculated
using an across-the-zone cutoff of 50 ppm U. No estimate of true widths
has been made as the geometry of the pegmatite bodies is not known in
detail.


                  Table 1: Richard Lake Assay Summary

---------------------------------------------------------------------------
                         RICHARD LAKE ASSAY SUMMARY
---------------------------------------------------------------------------
DRILL HOLE  Azimuth      Dip   From     To    Core Uranium     U3O8    U3O8
No.                              (m)    (m) Length    (ppm) percent lbs/ton
                                                (m)
---------------------------------------------------------------------------
RL07-001        150      -55  82.40  86.00    3.60      87    0.010    0.20
            degrees  degrees
---------------------------------------------------------------------------
RL07-002        150      -65  29.20  31.00    1.80     138    0.016    0.33
            degrees  degrees
---------------------------------------------------------------------------
RL07-003        150      -65  38.00  38.40    0.40     167    0.020    0.39
            degrees  degrees
---------------------------------------------------------------------------
 and                          41.30  41.70    0.40     171    0.020    0.40
---------------------------------------------------------------------------
RL07-004        150      -55  51.40  53.00    1.60     370    0.044    0.87
            degrees  degrees
---------------------------------------------------------------------------
RL07-005        150      -65  44.35  58.00   13.65     238    0.028    0.56
            degrees  degrees
---------------------------------------------------------------------------
 includes                     44.35  48.00    3.65     459    0.054    1.08
---------------------------------------------------------------------------
 and                          50.00  52.00    2.00     304    0.036    0.72
---------------------------------------------------------------------------
 and                          55.00  58.00    3.00     312    0.037    0.74
---------------------------------------------------------------------------
 also                         90.00  90.70    0.70     332    0.039    0.78
---------------------------------------------------------------------------
RL07-006        150      -55  36.20  44.00    7.80     464    0.055    1.10
            degrees  degrees
---------------------------------------------------------------------------
 and                          45.90  47.00    1.10     228    0.027    0.54
---------------------------------------------------------------------------
 and                          55.60  57.60    2.00     177    0.021    0.42
---------------------------------------------------------------------------
 and                          78.50  80.00    1.50     176    0.021    0.42
---------------------------------------------------------------------------
RL07-007        150      -55  13.20  13.90    0.70     140    0.017    0.33
            degrees  degrees
---------------------------------------------------------------------------
RL07-010        150      -45  59.40  60.25    0.85     169    0.020    0.40
            degrees  degrees
---------------------------------------------------------------------------
RL07-011        150      -65  48.00  56.40    8.40     470    0.055    1.11
            degrees  degrees
---------------------------------------------------------------------------
 includes                     49.00  51.00    2.00    1252    0.148    2.95
---------------------------------------------------------------------------
 also                         85.00  91.00    6.00     201    0.024    0.47
---------------------------------------------------------------------------
RL07-012        150      -55  46.00  46.70    0.70     277    0.033    0.65
            degrees  degrees
---------------------------------------------------------------------------
 and                          67.80  69.50    1.70     479    0.057    1.13
---------------------------------------------------------------------------
RL07-013        160      -45  20.00  21.00    1.00     144    0.017    0.34
            degrees  degrees
---------------------------------------------------------------------------
RL07-014        160      -65           No values over 100 ppm U
            degrees  degrees
---------------------------------------------------------------------------
RL07-015        160      -65   9.00  12.00    3.00     145    0.017    0.34
            degrees  degrees
---------------------------------------------------------------------------
RL07-016        160      -55           No values over 100 ppm U
            degrees  degrees
---------------------------------------------------------------------------
RL07-018        160           28.50  30.00    1.50     141    0.017    0.33
            degrees
---------------------------------------------------------------------------
RL07-019        160      -55  85.40  86.50    1.10     258    0.030    0.61
            degrees  degrees
---------------------------------------------------------------------------
 and                          92.60  93.40    0.80     378    0.045    0.89
---------------------------------------------------------------------------
RL07-020        160      -60 165.38 166.78    1.40     980    0.116    2.31
            degrees  degrees
---------------------------------------------------------------------------
 and                         224.00 236.00   12.00      95    0.011    0.22
---------------------------------------------------------------------------


    The Richard Lake deposit saw development in the mid-1950's with the
excavation of two adits, and over 130 metres of drifting on two levels.
Like most of the uranium-bearing pegmatites in the Kenora pegmatite
field, it has seen little exploration over the last 30 years.

    Wayne Isaacs, CEO of the Company states that, "Delta's drilling results
have given us a new level of confidence in the potential of the Richard
Lake deposit to host a significant uranium resource. Once all of the
results have been received, we will begin developing a second phase
program designed to further define the known uranium-bearing zone, as
well as extending it to the northeast, southwest and at depth."

    To view a map of "Figure 1: Richard Lake Adit and Drill Locations",
please visit the link below:

    http://media3.marketwire.com/docs/dur0417fig1.pdf

    About the Kenora Uranium Project

    The Kenora property is comprised of 1,855 contiguous claims covering a
total of 29,680 hectares located approximately 30 km east of the town of
Kenora in Northwestern Ontario. Delta's property hosts an unusually large
number of uranium occurrences, which coincide with a large uranium
anomaly in lake-bottom sediments. The Kenora properties are considered to have
significant potential to contain uranium deposits as known basement rocks
(leucogranitic peraluminous bodies) are favourable uranium hosts; and
previous exploration has shown ubiquitous uranium mineralization,
including one deposit which has seen limited mining development. In
addition, the numerous unexplored airborne radiometric and geochemical
anomalies identified by the current exploration program indicate a
greater potential than was originally thought for the area.

    Qualified Person

    Exploration on the Company's Kenora Project is conducted under the
supervision of David Palmer, Ph.D., P.Geo. (ON), a Qualified Person as
defined under National Instrument 43-101. Dr. Palmer has read and
approved this news release. Sufficient work has not been completed to
classify the historical estimate as current mineral resources, as such
Delta is not treating the historical estimate as current mineral
resources and the historical estimate should not be relied upon. Analyses
were performed by Accurassay Laboratories in Thunder Bay using ICP
methods.

    About the Company

    Delta Uranium Inc. is engaged in the exploration of uranium in the Kenora
and Timmins areas of Ontario, Canada. The Company recently completed the
acquisition of the Kenora uranium property and holds interest in
additional uranium and gold properties in Ontario. Delta completed a
non-brokered private placement raising gross proceeds of $8,833,000 on
November 9, 2007. The common shares of the Company commenced trading on
the TSX Venture Exchange on November 12, 2007.


 
 TSX Venture Exchange Inc. has
not reviewed and does not accept responsibility for the adequacy of this
news release.

Contacts:
Delta Uranium Inc.
Wayne Isaacs
Chairman and CEO
(416) 363-3582
Email: wisaacs@deltauranium.com
Website: www.deltauranium.com

Copyright 2008, Market Wire, All rights reserved.

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