08/17/2004 10:30 EDT
Delta Mining and Exploration Corp. Visits Homestead Property in Preparation of Work Program

LEWISBURG, Ky., Aug. 17 /PRNewswire-FirstCall/ -- Representatives of Delta
Mining and Exploration Corp. (Delta) (Pink Sheets: DMXP) plan to visit the
Homestead Kimberlite on August 20, 2004.
The financing discussed on July 22, 2004 with the Platinum Equity Funding
is expected to close within the next two weeks. The interest in the placement
has been encouraging but the closing date has been altered due to necessary
legal work that is still to be completed.
In anticipation of the successful financing with Platinum, the preliminary
work necessary to commence the work program for the Homestead Kimberlite is
being orchestrated. Tom Charlton, the newly appointed Montana representative,
and one of his associates will visit the property to ensure all is in order so
that no delays are encountered once the work program is scheduled.
The Homestead Kimberlite has already been shown to be diamondiferous and
contain encouraging concentrations of all the diamond indicator minerals.
This kimberlite and the surrounding area will be the focus of Delta's efforts
in the first instance.

About Delta Mining and Exploration, Corp: http://www.deltamine.com :
Delta is a mineral exploration company with an extensive portfolio of diamond
and gold properties in Montana, USA and in Bolivia, South America. Delta
controls some 7500 acres throughout Montana located within the Wyoming Craton
where much of North America's diamonds have been found. Another 10,000 acres
of prospective diamond and gold properties are controlled in Bolivia, South
America.