DEL T A R ESOURCES LIMIT ED Disclai mer Cor por ate Presentati on Ja nuary 2020 C A U TIO N A R Y S TA TE M E N T O N FORWA R D LOO K I N G I N FORM A TIO N Certain in f o rm at i o n c o n t ain ed or in c o rp o rat ed by refere n ce in thi s p re s enta ti o n in clu d in g an y in fo r m a ti o n as to o u r fu t u re fi n an ci al or o p era tin g p erfo r m an ce c o n s ti t u te s fo r ward l o o kin g st at e m en ts Al l s ta te m en t s o ther than s ta te m e n t s of h is t o rical fac t are f o rw ard lo o kin g s ta te m en t s Th e wo rd s beli e v e e xpe c t an ti cip a te c o n te m p l a te targ e t p lan in te n d s c o n tin u e bu d g e t es ti m a te m a y w il l s ched u le an d si m il ar ex p ressi o n s id e n t ify f o rward lo o kin g st at e m en ts F o r wa rd lo o k in g s ta te m e n t s are n ece s sari l y b a sed u p o n a n u m b er of e s ti m a te s an d ass u m p t i o n s th a t whi le c o n sid ered rea s o n ab le by u s are in h eren tly su b jec t to s ig n ifi can t b u sin e s s ec o n o m i c an d c o m p et i tiv e u n c erta in t ies an d c o n t in g en cie s Kn o wn an d u n kn o wn f ac t o rs c o u ld cau s e ac tual re sul ts to d if fer m a te ria ll y fro m th o se p ro je ct ed in the f o rward lo o kin g s ta te m en ts Su c h fact o r s in clu d e but are n o t li m it ed to flu c tu ati o n s in the cur rency m ar ke t s suc h as the Can ad ian v ersu s the U S d o l lar flu c tua ti o n s in the sp o t a n d fo r war d p rice of g o ld or cert ain o t h er c o m m o d i tie s such as co p p er cha n g es in n atio n al an d lo cal g o v ernme n t leg is la ti o n tax at i o n c o n tr o ls regu la ti o n s an d p o li tic al or ec o n o m ic d e v el o p m e n ts in Can ad a or o ther c o u n tries in wh ich we do or m a y car ry on b u si n es s in the fu ture b u sin ess o p p o rtun it ies that m ay be p rese n te d t o or p u rsu ed b y us o p era tin g or te c h n ica l d iff i cul tie s in c o n n ec ti o n wi th m in in g ex p l o ra ti o n or d ev el o p m ent ac tiv it ies e m p l o y ee relati o n s th e specu la tiv e n atur e of g o ld e xpl o ra ti o n an d d ev el o p m en t in c lu d i n g the ri sk s of o b tain in g n ece s sary li ce n se s an d p er m i t s d i m in ish in g q u an ti ti es or g rad es of re serv e s a n d c o n te s ts o v er t it le to p ro p er tie s p arti cul arl y ti tle to u n d ev e l o p e d p ro p er tie s In ad d i ti o n th ere are risks an d h az ard s ass o cia te d wi th the b u si n ess of g o ld e xpl o ra ti o n d ev el o p m en t an d m in in g in clu d in g e n v ir o n m en ta l h az ard s in d u s trial a cc id en ts u n u sua l or u n ex p e c te d fo r m a ti o n s p re ssur e s ca v e in s fl o o d in g an d g o ld b u ll i o n l o ss es an d t h e ris k of in ad equ at e in sur an ce or in ab il it y to o b tain in sur an ce to c o v er th ese ris ks M an y of the se u n cer tain ti es an d c o n tin g enci es ca n affect o u r ac tual re sul ts an d c o u ld cau s e ac tua l resul ts to d iff er m a te ria l ly fro m th o se ex p re ssed or im p li ed in an y fo rward lo o kin g stat em en ts m ad e b y or on b ehal f o f us Y o u are cau ti o n ed tha t fo r ward lo o kin g st at e m en ts are n o t g u aran te es of fu ture p erfor m an ce A ll of t h e f o rwar d l o o kin g s ta te m en t s m ad e in thi s p re sen ta ti o n are q u ali fied by t h es e cau ti o n ary s ta te m en t s We d is clai m a n y in te n ti o n or o b l ig a ti o n to u p d a te or r ev ise an y f o rward l o o k in g st at e m en ts wh et h er as a resul t of n ew in f o r m a ti o n fu ture ev en t s or o th erw i se ex cep t to th e ex te n t requ ired by ap p li cab le laws D L T A TS X V 2