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Minera Delta Inc.: Completion of Vector Acquisition; Election of New Board of Directors; Appointment of New Officers; Adoption of Stock Option Plan.

TORONTO -- The Vector Acquisition. Minera Delta Inc. ("Minera" or the "Corporation") is pleased to announce that it has completed the acquisition of the all the issued and outstanding shares of Vector Wind Energy Inc. an Ottawa based private company engaged in the business of exploration, development and exploitation of wind energy. The closing of the Vector acquisition was completed in escrow on June 15, 2004. The acquisition price of the transaction was 3,987,515 million common shares of Minera. Final closing occurred in November 22, 2004 following shareholder approval of the acquisition at the annual and special shareholders meeting of the Corporation held on November 22, 2004. It is expected that the Corporation will shortly change its name to Vector Wind Energy Inc. or such similar name as may be approved by the Board and the relevant regulatory authorities.

Election of Directors. At the annual and special shareholders meeting of the Corporation held on November 22, 2004, the following persons were elected directors:

Brian J. Barr LL.B Mr. Barr is a director of Capital House Corporation an Ottawa based business incubator and venture capital group focusing on energy and other natural resources. Mr. Barr is responsible for all renewable energy initiatives of Capital House including the establishment of Vector Wind Energy Inc. of which he is President, and Chief Executive Officer. During the last five years Mr. Barr has held several director and executive officer positions with public companies in Canada and the United States. Mr. Barr is also an attorney with over 20 years experience in international, corporate and energy law. Mr. Barr holds a Bachelor of Laws degree from the University of Ottawa (1979) and a Bachelor of Commerce degree in international economics from Carleton University in Ottawa, (1976).

Graham Findlay B.Sc. (Eng), MBA Mr. Findlay began his career as a project engineer with Ontario Hydro working on hydro electric power dam operations. Since 2003 he has been a director and the Chief Operations Officer of Vector Wind Energy Inc. During the last five years he has worked as a private consultant focusing on the design and installation of electrical and telecommunication infrastructure for large commercial buildings. Mr. Findlay holds a Bachelor of Applied Science degree from Queen's University and a Masters of Business Administration from the University of Toronto.

Ronald I. Benn, C.A. Mr. Benn is currently the director and the Chief Financial Officer of Vector Wind Energy Inc. From 2001 to 2004, Mr. Benn served as Chief Financial Officer of Coast Software Inc. From 1994 to 2000 he was Chief Financial Officer of DevX Energy, Inc. a publicly traded oil and gas firm based in Dallas, Texas. Early in his career, Mr. Benn has held various positions in the auditing and insolvency divisions of a national accounting firm. He is also a founder and director of Capital House Corporation an Ottawa based business incubator and venture capital group focusing on energy and other natural resources. Mr. Benn holds a Bachelor of Science degree from Carleton University in Ottawa, Canada (1977) and a Bachelor of Commerce (Honours) from the University of Windsor, Canada (1980).

Michael Allen, C.A. Mr. Allen has been a partner with the Toronto firm of DMCT LLP since 1999. His practice focuses on assurance and advisory services for entrepreneurs. He has extensive experience in providing accounting and advisory services to both public and private companies engaged in manufacturing, distribution, real estate, service and technology industries. Mr. Allen obtained his Chartered Accountant designation in 1988 and holds a Bachelor of Business Administration from York University in Toronto (1987). He is a member of the Institute of Chartered Accountants of Ontario, the Canadian Institute of Chartered Accountants and the Public Accountants' Council for the Province of Ontario. Mr. Allen has been a director of Minera since 2002.

Appointment of New Officers. Immediately following the shareholders meeting on November 22, 2004 Harry Blum and Michael Allen resigned as officers of the Corporation. Brian J. Barr has been appointed President and Chief Executive Officer, of the Corporation, Ronald Benn was appointed Chief Financial Officer and Graham Findlay was appointed Chief Operations Officer.

Approval of Incentive Stock Option Plan. The shareholders of the Corporation also approved the creation of Incentive Stock Option Plan with the following characteristics:

1. The number of shares to be reserved for the Plan will be 10% of the issued and outstanding shares of the corporation at any time and from time to time.

2. Options may be issued from time to time at the discretion of the Board up to the maximum amount reserved under the Plan without further approval by the shareholders;

3. Persons eligible to receive grants of options are employees, directors, officers and consultants of the Corporation;

4. All options shall be non-assignable and non-transferable except only to the heirs and administrators of the grantee upon his or her death or incapacity and provided that all options so assigned or transferred may not be exercised later than one year of the date of death or incapacity of the grantee as the case may be;

5. The Board may or may not make any particular grant of options subject to a vesting schedule provided that any grant to a consultant providing investor relations activities (as that term is defined in the policies of the Exchange) shall be subject to a vesting schedule of at least twelve (12) months with no more than 25% of the grant vesting in any three (3) month period;

6. All shares issued pursuant to an exercise of an Option shall be subject to a four (4) month hold from the date the option was granted;

7. Options must be exercised within five (5) years from the date of grant provided that all options shall automatically expire within ninety (90) days of the date the grantee ceased to be an employee, director or officer of the Corporation as the case may be and thirty (30) days in the case of consultants engaged in investor relations activities (as that term is defined in the policies of the Exchange);

8. No person shall be granted options representing more than 5% of the issued shares of the Corporation (2% in the case of consultants) in any twelve (12) month period;

9. The Plan must be approved by the Shareholders yearly at the annual general meeting and disinterested shareholder approval will be required to decrease the exercise price of any option previously granted to an Insider of the Corporation.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
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Date:Nov 26, 2004
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