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Delta Uranium Inc. (TSX:DUR) ("Delta" or the "Corporation") announces that it
has agreed to amend the terms of its proposed private placement (the "Private
Placement") of up to 12,500,000 flow-through units ("FT Units"). More details on
the Private Placement can be found in Delta's press releases of September 16 and
24, 2009.


The price of the FT Units has been reduced from $0.08 to $0.06 per FT Unit. A
total of 7,940,000 FT Units are expected to be sold resulting in the aggregate
gross proceeds of $476,000. All other terms of the subscription remain the same
as disclosed in the previous press releases. The revised subscription price
represents a 25% discount to the five day VWAP market price on September 16,
2009 when the first press release was issued, but is above the current five day
VWAP market price of $0.059 as at today.


It is anticipated that the MineralFields Group ("MineralFields") will, through
various placees affiliated with MineralFields, subscribe in aggregate for
$470,000 through the subscription for a 7,833,333 FT Units. 


The Corporation will pay to Limited Market Dealer Inc. ("LMD") a cash finder's
fee equal to 5% of the FT Units subscribed for by MineralFields as well as a
finder's option (the "Finder's Option") exercisable into finder's units equal to
10% of the number of FT Units subscribed for by MineralFields Group, being
783,333 units issuable to LMD under the Finder's Option, depending on
MineralFields' participation. The MineralFields' placees and LMD are ultimately
controlled by the same shareholder, and accordingly LMD is an affiliate of
MineralFields. 


MineralFields and its affiliates currently do not hold any securities in the
Corporation. As a result of the Private Placement, MineralFields placees
(together with LMD) will hold, on a non-diluted basis, approximately 19.89% of
the Corporation's outstanding common shares in case MineralFields subscribe for
7,833,333 FT Units. Accordingly, MineralFields will become an insider of the
Corporation following the Private Placement.


MineralField's participation in the Private Placement is subject to the
condition that MineralFields and its affiliates (including LMD) hold less than
20% of Delta's issued and outstanding common shares on a non-diluted basis. In
this regard, MineralFields has agreed that they (including LMD) will not
exercise any Warrants or LMD Option that would result in MineralFields placees
(and LMD) holding 20% or more of Delta's outstanding common shares. The
Corporation has also agreed that it will not issue any common shares to
MineralFields placees or LMD upon exercise of any Warrants or LMD Option if such
exercise would result in MineralFields placees (and LMD) holding 20% or more of
Delta's outstanding common shares. Therefore MineralFields will not be a control
person of the Corporation and the Private Placement will not result in a change
of control of the Corporation. 


Completion of the Private Placement is subject to a number of conditions
including obtaining any required regulatory approvals including approval of the
Toronto Stock Exchange ("TSX"). Delta has applied to the TSX under the financial
hardship exemption from the shareholder approval requirement for the Private
Placement, as disclosed in the September 16 press release. Assuming Delta is
able to satisfy various conditions and successfully negotiate definitive
documentation and that the TSX grants the financial hardship exemption, Delta
and MineralFields would be in a position to finalize the Private Placement on or
about October 6, 2009. 


About MineralFields

MineralFields Group (a division of Pathway Asset Management) based in Toronto
and Vancouver, is a mining fund with significant assets under administration
that offers its tax-advantaged super flow-through limited partnerships to
investors throughout Canada as well as hard-dollar resource limited partnerships
to investors throughout the world. Pathway Asset Management also specializes in
the manufacturing and distribution of structured products and mutual funds.
Information about MineralFields Group is available at www.mineralfields.com.
First Canadian Securities(R) is active in leading resource financings (both
flow-through and hard dollar PIPE financings) on competitive, effective and
service-friendly terms, and offers investment banking, mergers and acquisitions,
and mining industry consulting services to resource companies. MineralFields and
Pathway have financed several hundred mining and oil and gas exploration
companies to date through First Canadian Securities(R).


About Delta Uranium Inc.

Delta Uranium is TSX listed Canadian exploration company actively engaged in the
acquisition, evaluation and exploration of uranium mineral properties in
northeastern and northwestern Ontario, Athabasca Basin and Western Newfoundland,
Canada.


FORWARD-LOOKING INFORMATION

This press release includes "Forward-Looking Information" within the meaning of
the applicable securities legislation. Forward-looking information can be
identified by the use of words such as "may," "should," "expects," "plans,"
"anticipates," "believes," "estimates," "predicts," "intends," "continues," or
the negative of such terms, or other comparable terminology. All statements
regarding the proposed terms, timing, use of proceeds and completion of the
Private Placement, Delta's future compliance with TSX continued listing
requirements are forward-looking information that involves various risks and
uncertainties. There is no assurance that the Private Placement will be
completed on the schedule set forth in this press release or at all. There can
be no assurance that such information will prove to be accurate and actual
results and future events could differ materially from those anticipated in such
information. Important factors that could cause actual results to differ
materially from these forward-looking information include: global economic
factors, which may affect the availability and cost of financing; results of due
diligence reviews by financing parties; the inability of Delta to meet certain
conditions required by MineralFields Group under the Private Placement and other
factors disclosed under the heading "Risk Factors" and elsewhere in Delta
documents filed from time to time with the Toronto Stock Exchange, the Ontario
Securities Commission and other regulatory authorities. All forward-looking
information included in this press release is based on information available to
Delta on the date hereof. Delta assumes no obligation to update any
forward-looking information unless required by law.

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