Mr. Tate graduated with a Bachelor of Science degree in Geology from the Liverpool University in 1978. He received his Masters Degree in Petroleum Geology from Imperial College, London in 1979 and received an MBA from City University, London in 1988. From 2012 to the present, Mr. Tate, through Chris Tate Consulting, has been advising several groups looking to acquire oil and natural gas assets in North America and Africa. From April 2011 to November 2012, Mr. Tate was the European Managing Partner of Aegis Asset Partners, an asset backed financing group headquartered in Dallas, Texas. His responsibilities were focused on developing sources of capital in Europe and for the location of potential investment transactions. From January 2007 to March 2011, Mr. Tate held the position of Managing Director for International Energy Network Ltd., located in London, England. He was tasked with the development of new capital sources and coordinating the development of new business including innovative investment structures and limited partnership products.

Christopher Paton-Gay, CEO of DELTA says, “We are extremely pleased that Mr. Tate consented to act as a member of our Board and extend to him a warm welcome. His independence and experience is hoped to bring depth to our Board and to assist us in achieving our forward looking goals of increasing shareholder value.”

About Delta Oil and Gas

Delta Oil is an exploration company focused on developing North American oil and natural gas reserves. Delta Oil’s current focus is on the exploration of its land portfolio comprised of working interests in Newton County, Texas, South Central, Oklahoma, and the Premont Field in West Texas.

On behalf of the Board of Directors,

Christopher Paton-Gay, CEO

Contact

1.866.355.3644
Investor Relations

After the Garcia #3 is perforated, tested and tied-in, Delta intends to re-complete 2 previously drilled well bores in the vicinity in which Delta expects to find analogous pay zones to the Garcia #3. Additionally, Progas is considering an offset well to the Garcia #3. Though the parameters of the field are uncertain at this time, substructure mapping of wells drilled in the area indicates it is larger than anticipated with a larger areal extent than most Frio fields. By participating in the Garcia #3, and paying its share of previous development expenses and lease acquisition costs, Delta earned a 10% right of continued development in the field which includes the drilling of no less than 15 additional wells.

Additional information regarding the completion of the Garcia #3 and other initiatives within the Area of Mutual Interest (“AMI”) as it becomes available.

Delta’s Interest in the Prospect

Delta acquired its 10% interest in the Garcia #3 and the continuing development rights in the field on August 20, 2012 by way of an agreement with Progas Energy Services LLC, a Texas Oil & Gas Company (“Progas”) to jointly develop, along with other industry partners, a newly re-discovered Frio and Miocene field located in Jim Wells County, known as the Premont Northwest Field. Delta acquired these interests through a combination of cash and the issuance to Progas of treasury shares at an initial cost of $0.15 per share. The option to pay drilling costs with its securities remains open for the next three wells drilled in this Prospect. The value to be used for determining the issue price of the common shares for future drills shall be based on the average closing price of the shares over a three day trading period immediately prior to receipt of any forthcoming Authorities for Expenditure, but in no event shall Delta issue shares as a payment for less than $0.15 per common share. Delta is fully paid to the point of production on the Garcia #3.

Progas, the developer of the field stated that it was “very happy to have aboard the professionals and experience that Delta brings to the field and its future development.”

The agreement stipulates, among other things, that Delta is able to participate in the drilling of no less than 15 wells, several re-completions and all other wells drilled or re-completed within the AMI. In addition, Delta has been given the right to acquire more than its 10% share if and as more becomes available.

About the Premont Field

Originally the Northwest portion of the field was thought to be a small field extension of the Premont Field. The Premont Field has made over 5,000,000 bbls of light oil and 30 TCF of natural gas from the Frio and Miocence sands at depths of less than 4400’. This agreement to participate in the development of the field included an agreement to drill the Garcia #3, followed by no less than 3 more test wells prior to drilling another 10 wells to delineate the perimeters of the field. The agreement also includes and earns Delta the continued right of participation in the field including the right to participate in additional re-entry wells controlled by Progas.

The Garcia #3 well was the 4th successful well drilled in the field in an effort to discover and prove up the field. The Garcia #3 was drilled to a total depth of 3,780 feet in August 2012. On August 13, 2012 Weatherford logged the well and took 45 sidewall cores in the potentially productive oil and gas sands. Core samples were not taken of several zones, which the operator felt were adequately proven up in offsetting wells. The well was cored with 139 feet of potentially productive oil and gas sands, 3 oil (29 feet of sand) and 6 gas sands (104 feet of gas sands), proving a total of 9 zones for potential hydrocarbon production. Encountering this many zones in a well is quite unusual for the depth drilled but is becoming more common for wells drilled in the field thus far giving Progas good reason to be optimistic for additional drill targets within the Field. Initially only oil sands are to be completed and thereby leaving the gas behind pipe until natural gas prices rebound.

The Primary target of the Garcia #3 was the oil bearing Lower Barnsdall sand which was present at 3,420 feet. The well was a pleasant surprise since the oil sands seem to be much more developed and much higher on structure than anticipated. Logs and cores indicated the presence of the Lower Bardsdall and that is was 11 feet thick. The Lower Bardsdall is 8 feet structurally high to the producing sand in the Garcia #2 well one location to the north which has produced nearly 30,000 bbls to date. The zone has an average porosity of 26%. In addition to the Lower Bardsdall sand, two other sands cored oil: The 16 foot thick Bardo sand (with 2 distinct and separate lobes), and a 5 foot section of the Caddo sand below a 4 foot gas cap. The Bardo sand is 11 feet higher on structure than offsetting wells. It too is showing a 3 foot gas cap which Progas believes will enhance initial production rates as well as the recoverability factor of the reservoir. The average porosity of this sand is also 25%. Offset wells with similar shows down dip, 4–5 locations to the east tested at 59, 89 and well over 100 bopd.

The Caddo appears to be running about 2 to 3 feet higher on structure than offset wells and the oil sand is 4 feet thick under 2 feet of gas, also indicative that this well has both gas and water drive which is expected to allow us to produce much higher volumes of over the life of the well. This zone has a porosity of 24%.

About Delta Oil and Gas

Delta Oil is an exploration company focused on developing North American oil and natural gas reserves. Delta Oil’s current focus is on the exploration of its land portfolio comprised of working interests in acreage in King City, California; Newton County, Texas and South Central Oklahoma.

On behalf of the Board of Directors,

DOUGLAS N. BOLEN, President

Contact

1.866.355.3644
Investor Relations

Christopher Paton-Gay, CEO DELTA says, “We are extremely pleased that Delta has been able to establish its relationship with the MPG King City Project Limited Partnership which will now allow for the immediate continuation of the development of our King City Lands including the perforation and testing of our SBV 2 well which has been drilled to depth, logged and cased.”

Managed Petroleum Group, Inc (MPG), located in Richardson, Texas, is the Managing General Partner of the MPG King City Project Limited Partnership.

About Managed Petroleum Group

Managed Petroleum Group Inc., (MPG) formed in 1998 is an international oil and gas exploration firm located in Richardson, Texas. As a licensed oil and gas operator in Texas and Oklahoma and as Managing General Partner for numerous partnerships it has targeted some of the largest and most prolific oil, natural gas and condensate producing reservoirs in North America including the Barnett Shale, S-1 Sands, Smackover, Yegua, and Spraberry formations. MPG’s track record of consistent commitment to excellence, due diligence, experience, and integrity has allowed it to quickly establish a quality reputation in the United States, Canada, and Great Britain amongst industry partners, business leaders and private partners.

About Delta Oil and Gas

Delta Oil is an exploration company focused on developing North American oil and natural gas reserves. Delta Oil’s current focus is on the exploration of its land portfolio comprised of working interests in acreage in King City, California; Newton County, Texas, South Central, Oklahoma, and the North Sacramento Basin, California.

On behalf of the Board of Directors,

Christopher Paton-Gay, CEO

Contact

1.866.355.3644
Investor Relations

We expect that both sands will be tested within the next 30 days with completion efforts to follow shortly thereafter. Following a successful completion of this initial well, Delta and partners expect to drill and test additional wells in this area upon obtaining the required permitting from the County.

Background

On May 25, 2009, Delta entered into a Farm-out agreement with Sunset Exploration to participate in a drilling and exploration of approximately 10,000 acres of land located in Monterey County, California. Delta agreed to pay 66.67% of all costs to casing point expended in respect of the initial test well to earn a 40% Working Interest. On all subsequent wells, Delta agreed to pay 40% of the costs to earn its 40% Working Interest.

To date, all referenced lands were shot with a 2 dimensional seismic swath as well as a gravity survey. The prospect area is in and around the King City Oilfield, and the current data will enable the Company to effectively test the entire Monterey sections.

General

Delta is also pleased to disclose that it had launched its new website which can be found at www.deltaoilandgas.com. Delta feels that this website better describes our prospects, accomplishments and goals and should serve as a current source of information for all of Delta’s events. Periodic company e-mails will be distributed to all who visit the site and provide their e-mail address for that purpose.

About Delta Oil and Gas

Delta Oil is an exploration company focused on developing North American oil and natural gas reserves. Delta Oil’s current focus is on the exploration of its land portfolio comprised of working interests in acreage in King City, California; Newton County, Texas, South Central, Oklahoma, and the North Sacramento Basin, California.

On behalf of the Board of Directors,

DOUGLAS N. BOLEN, President

Contact

1.866.355.3644
Investor Relations

As previously reported, the Donner #2 was spud on June 28, 2011 and a total depth of 7,550 feet was achieved on July 8, 2011. A suite of logs was run to total depth and five zones were identified as potentially capable of producing hydrocarbons. Based on the initial data, Delta and its partners decided to set production casing to 7,500 feet. The well was perforated in the Lower Hackberry and currently, all production is from this zone. The Company’s geologists and reservoir Engineers see the likelihood of successful completions in multiple zones within this well bore.

Initial tests of the first zone were completed and the well flowed oil at the approximate rate of 48 barrels per day with trace water on a 5/64 inch choke. Immediately following the test period, the well was shut in, in order to install a new battery facility. Once the well was shut in, the shut in tubing pressure at surface exceeded 1000 psi.

Delta anticipates being able to perforate up to 4 additional pay zones once the initial zone is depleted. Delta will be evaluating the production rates and the Company has instructed it’s Consultants to set locations for at least one additional well based on the 3-D Seismic and the success of Donner #1 and #2.

The Texas prospect contemplates the drilling of a total of three wells in the Newton County area. The Donner #1 which was drilled to a total depth of 7,600 feet on June 4, 2010 continues to flow oil at the approximate rate of 45 bopd of very high quality 42 API oil. Delta owns a 40% gross working interest in the wells covered by this drilling program and at present, has fully paid the drilling and completion costs associated with the Donner #1 and Donner #2.

About Delta Oil and Gas

Delta Oil is an exploration company focused on developing North American oil and natural gas reserves. Delta Oil’s current focus is on the exploration of its land portfolio comprised of working interests in acreage in King City, California; Southern Saskatchewan, Canada; Newton County, Texas, and South Central, Oklahoma. As a result of its acquisition of a controlling interest in The Stallion Group, a Nevada corporation, it expanded its property interests to include acreage in the North Sacramento Valley, California.

On behalf of the Board of Directors,

DOUGLAS N. BOLEN, President

Contact

1.866.355.3644
Investor Relations

The Donner #2 was spud on June 28, 2011 and a total depth of 7,550 feet was achieved on July 8, 2011. A suite of logs was run to total depth and five zones were identified as potentially capable of producing hydrocarbons. Based on the initial data, Delta and its partners decided to set production casing to 7,500 feet. The well was perforated in the Lower Hackberry. The Company’s geologists and reservoir Engineers see the likelihood of successful completions in multiple zones within this well bore.

Initial tests of the first zone were completed and the well flowed oil at the approximate rate of 48 barrels per day (“bopd”) with trace water on a 5/64 inch choke. Immediately following the test period, the well was shut in, in order to install a new battery facility. Once the well was shut in, the shut in tubing pressure at surface exceeded 1000 psi. It is expected that the well will be on full production within two weeks.

Delta anticipates being able to perforate up to 4 additional pay zones once the initial zone is depleted. Delta will be evaluating the production rates and the Company has instructed it’s Consultants to set locations for at least one additional well based on the 3-D Seismic and the success of Donner #1 and #2. Consideration may be given to drilling a Donner #2 offset well to provide separate and concurrent access to the natural gas zone located from 7,294 to 7,302 feet. Once flowing production has stabilized on Donner #2, the Company will provide further updates.

The Texas prospect contemplates the drilling of a total of three wells in the Newton County area. The Donner #1 which was drilled to a total depth of 7,600 feet on June 4, 2010 continues to flow oil at the approximate rate of 45 bopd of very high quality 42 API oil. Delta owns a 40% gross working interest in the wells covered by this drilling program and at present, has fully paid the drilling and completion costs associated with the Donner #1 and Donner #2.

About Delta Oil and Gas

Delta Oil is an exploration company focused on developing North American oil and natural gas reserves. Delta Oil’s current focus is on the exploration of its land portfolio comprised of working interests in acreage in King City, California; Southern Saskatchewan, Canada; Newton County, Texas, and South Central, Oklahoma. As a result of its acquisition of a controlling interest in The Stallion Group, a Nevada corporation, it expanded its property interests to include acreage in the North Sacramento Valley, California.

On behalf of the Board of Directors,

DOUGLAS N. BOLEN, President

Contact

1.866.355.3644
Investor Relations

King City, California:

On May 25, 2009, Delta entered into a Farm-out agreement with Sunset Exploration to participate in a drilling and exploration of approximately 10,000 acres of land located in Monterey County, California. Delta agreed to pay 66.67% of all costs expended in respect of the initial test well to earn a 40% Working Interest. On all subsequent wells, Delta agreed to pay 40% of the costs to earn its 40% Working Interest. It is expected that drilling operations will commence during the month of May 2011 as all permitting operations have been approved by Monterey County pending finalization of issues surrounding grading plans.

To date, all referenced lands were shot with a 2 dimensional seismic swath as well as a gravity survey. The prospect area is in and around the King City Oilfield, and the current data will enable the Company to effectively test the entire Monterey sections. Total depth for drilling will be approximately 4000 feet and it is expected that the Monterey formation will be encountered from 2000 feet to 4000 feet in depth. Updates will be provided as they become known.

Lonestar, California:

On September 1, 2010, Delta entered into an agreement for the joint exploration and development of the Lonestar Prospect located in the North Sacramento Basin, California. The first well (the “California 1–1”) was drilled to 6,015 feet in mid September and encountered approximately 20 feet of natural gas pay from the Forbes formation with significant reserves. This has aligned with our extensive seismic reviews and demonstrates that our well has successfully penetrated a significant proven natural gas reservoir with no indication of water drive.

The well is producing up to 4.2 million cubic feet (4.2 mmcf) of natural gas per day. The well is capable of producing in excess of these levels; however, Delta and partners have been forced to restrict its flow rates for the time being due to PG&E line pressure issues.

Delta owns a 25% gross working interest in this well and at present, has fully paid the drilling and completion costs associated with this well. Delta and partners control approximately 900 acres of land in this area and expect to commence evaluating the balance of the land for additional drilling sites.

General:

Delta is also pleased to disclose that it had launched its new website which can be found at www.deltaoilandgas.com. Delta feels that this website better describes our prospects, accomplishments and goals and should serve as a current source of information for all of Delta’s events. Periodic company e-mails will be distributed to all who visit the site and provide their e-mail address for that purpose.

About Delta Oil and Gas

Delta Oil is an exploration company focused on developing North American oil and natural gas reserves. Delta Oil’s current focus is on the exploration of its land portfolio comprised of working interests in acreage in King City, California; Newton County, Texas, South Central, Oklahoma, and the North Sacramento Basin, California.

On behalf of the Board of Directors,

DOUGLAS N. BOLEN, President

Contact

1.866.355.3644
Investor Relations

As anticipated all logging clearly indicates approximately 20 feet of natural gas pay with significant reserves of natural gas. There is no indication of the presence of a water drive in the reservoir. Tests performed on the well indicate that it is capable of sustained production of approximately 5 million cubic feet of gas per day (“5 mmcf/day”). The well currently has a well-head pressure in excess of 3,000 PSI.

In light of these facts Delta and its Partners elected to complete the well and to tie it in to a nearby gas sales line. In that regard, Delta and partners have designed and completed the installation of all well facilities, metering equipment and a 9,000 foot wholly owned pipeline to the PG&E sales point. We are now awaiting County approval to commence production and sales. The Company has been advised that approval is expected following a hearing scheduled for mid November, 2010. We expect production and sales of gas to begin immediately thereafter. Delta will report production rates and reserve estimates once the well has established a meaningful production profile.

“Our 25% gross working interest in this successful well represents a significant milestone for Delta” stated Christopher Paton-Gay, CEO. “Along with our recent success in Texas with a 40% gross working interest in our Donner #1 well, we are moving away from taking smaller working interests in projects to focusing our efforts in our core areas and taking larger interests in each exploration and development project. This 2010 shift in our business plan and our resulting successes are expected to materially increase our production numbers, asset base and cash flows.”

Delta owns a 25% gross working interest in this well and at present, has fully paid the drilling and completion costs associated with this well. Delta and partners control approximately 900 acres of land in this area and expect to commence evaluating the balance of the land for additional drilling sites. Delta has fully paid $222,125 which represents its proportionate share of the costs of drilling and completing this well. Delta estimates that there will be a final charge of approximately $80,000 to our 25% working interest, once our consortium’s wholly owned pipeline and tie-ins have been completed and final invoices have been tendered.

About Delta Oil and Gas

Delta Oil is an exploration company focused on developing North American oil and natural gas reserves. Delta Oil’s current focus is on the exploration of its land portfolio comprised of working interests in acreage in King City, California; Newton County, Texas, South Central, Oklahoma, and the North Sacramento Basin, California.

On behalf of the Board of Directors,

DOUGLAS N. BOLEN, President

Contact

1.866.355.3644
Investor Relations

A complete suite of logs run on the well indicated approximately 13 feet of oil pay with an average porosity of 30%. The Company’s reservoir Engineer and Geologist calculate the area of closure to cover approximately 70 acres. The Company and its partners are required by the terms of the lease to commence drilling on the second well on the lease within 6 months of completing the Donner #1 well and as such, the Company has instructed its Consultants to set a location for the next well based on the 3-D Seismic and the success of Donner #1. We expect drilling to commence immediately following permitting. The Company is also evaluating the wisdom of opening up significant reserves within the Company’s acreage with a horizontal leg.

The Texas project contemplates the drilling of up to three wells in the Newton County area. Once the exact location and timing of the drilling of the second well is confirmed, the Company will provide further updates. Delta owns a 40% gross working interest before pay out in the wells covered by this drilling program and at present, has fully paid the drilling and completion costs associated with the Donner #1.

About Delta Oil and Gas

Delta Oil is an exploration company focused on developing North American oil and natural gas reserves. Delta Oil’s current focus is on the exploration of its land portfolio comprised of working interests in acreage in King City, California; Southern Saskatchewan, Canada; Newton County, Texas, South Central, Oklahoma, and the North Sacramento Valley, California.

On behalf of the Board of Directors,

DOUGLAS N. BOLEN, President

Contact

1.866.355.3644
Investor Relations

A complete suite of logs run on the well indicate approximately 13 feet of oil pay with an average porosity of 30%. The Company’s reservoir Engineer and Geologist calculate the drainage to cover approximately 40 to 50 acres. Delta will be evaluating the expected production rates and the Company has instructed it’s Consultants to set locations for 2 additional wells based on the 3-D Seismic and the success of Donner #1. The Company is also evaluating the wisdom of opening up significant reserves within Donner #1 with a horizontal leg.

The Texas prospect contemplates the drilling of a total of three wells in the Newton County area. Once flowing production has stabilized the Company will provide further updates.

Delta owns a 40% gross working interest in the wells covered by this drilling program and at present, has fully paid the drilling and completion costs associated with the Donner #1.

About Delta Oil and Gas

Delta Oil is an exploration company focused on developing North American oil and natural gas reserves. Delta Oil’s current focus is on the exploration of its land portfolio comprised of working interests in acreage in King City, California; Southern Saskatchewan, Canada; Newton County, Texas, and South Central, Oklahoma. As a result of its acquisition of a controlling interest in The Stallion Group, a Nevada corporation, it expanded its property interests to include acreage in the North Sacramento Valley, California.

On behalf of the Board of Directors,

DOUGLAS N. BOLEN, President

Contact

1.866.355.3644
Investor Relations