Delta Gold Corporation and Commonwealth Silver and Gold Mining Inc. Mutually Agree to Terminate Binding Agreement for Proposed Business Combination

Effective immediately, Delta Gold Corporation (TSX VENTURE:DLT) (“Delta Gold”) and Commonwealth Silver and Gold Mining Inc. (“Commonwealth Silver”), a privately-held company incorporated under the federal laws of Canada, have agreed to mutually release one another and terminate their Arrangement Agreement dated June 6, 2014 and subsequent amendments (the “Agreement”) with respect to a proposed business combination (the “Transaction”) that would have resulted in a reverse takeover of Delta Gold by Commonwealth Silver.

The Transaction was subject to a number of conditions and approvals, which included approval by the respective shareholders of Delta Gold and Commonwealth Silver, Court approval and the parties satisfying the conditions of the TSX Venture Exchange, which included the completion of a concurrent minimum equity financing on acceptable terms.

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