Delta Mutual Welcomes Michael Gilburd as the New CFO

SCOTTSDALE, Ariz., Feb. 11 /PRNewswire-FirstCall/ -- Delta Mutual, Inc. (OTC Bulletin Board: DLTZ) -- an international company specializing in energy -- announced today that Michael Gilburd was approved to become the newest member of the Executive team of Delta Mutual, Inc.

Mr. Michael Gilburd, C.P.A., M.S.T., A.S.A., the former Managing Director of corporate finance for two American Express companies, has agreed to join Delta Mutual as CFO.  While at AMEX, he assisted in raising funds for various transactions, including acquisitions and public offerings.  Mr. Gilburd is currently President of ValuCorp International, Inc., a business valuation and financial advisory firm, offering services in the areas of valuation, capital markets and corporate finance advisory, transaction and fairness opinions, restructuring advisory, and management consulting.  ValuCorp primarily serves financial institutions, healthcare companies, professional service firms, energy companies, construction and real estate ventures, and consumer product companies.  Mr. Gilburd is also a member of the Board of Directors of Associated Physicians Group, O'Fallon, Illinois.  Mr. Gilburd's business background is quite extensive.  Prior to AMEX, he was the National Director of Corporate Finance for BDO Seidman, one of the nation's largest accounting and consulting firms, and a member of their International Corporate Finance Committee.  In addition, Mr. Gilburd will serve as Delta Mutual's interim Chief Financial Officer and is scheduled for appointment to the Board of Directors.

Dr. Danial Peralta, President and CEO of Delta Mutual, Inc. is extremely honored to have such a prestigious individual as a member of the Executive team.  He stated, "A gentleman with Mr. Gilburd's business credentials and contact base will prove invaluable to the expansion and ongoing operations of Delta Mutual.  His education and combined experience in accounting principles and estimates, financial statement preparation and analysis, federal tax and securities compliance issues, corporate finance and valuation, will be very helpful to the Company."

Mr. Gilburd, a well-recognized valuation expert, noted that "Delta Mutual, Inc.'s market cap may reflect the fact that its stock trades on the over-the-counter bulletin board.  Thinly traded bulletin board stocks do not always receive the same type of valuation as their competitors traded through NASDAQ or NYSE.  The OTCBB market lacks many of the necessary mechanisms for proper valuation, from market support to fundamental analysis provided by large investment banks.  As  a result, these companies' valuations are almost completely based on supply and demand at any given time -- not necessarily on fundamentals."

An accurate market valuation is important for various potential scenarios, such as positioning the company as an attractive joint venture partner, and attracting long-term funding and investments from institutional investors.  Mr. Gilburd noted, "This is evidenced by the Technical Report released by New Times Group Holdings, a Hong Kong Public Company, an independent valuation firm, which on Oct. 10th, 2007 and 2009 estimated the gross (100%) unrisked, prospective resources of two of the company's concessions (the Tartagal and Morillo concessions located in the Salta Province of Northern Argentina, bordering with Paraguay to the West and Bolivia to the North that cover total areas of approximately 7,063 and 3,534 square kilometers, respectively) at approximately 144.5 million barrels of oil and 2.3 billion cubic feet of gas.  Based on the current industry prices for oil and gas in the region, the total potential revenue could reach approximately $7.35 billion, which substantially exceeds the Company's previous estimates.  While there can be no assurances as to the production levels of oil and gas from the Tartagal and Morillo concessions, and there is no assurance as to the timetable for development of these properties, extrapolating that valuation to Delta Mutual, Inc.'s interest would value the company at more than $500 million."

About Delta Mutual

Delta Mutual, Inc. (OTC Bulletin Board: DLTZ), headquartered in Scottsdale, AZ is an international company specializing in energy.  The Company is focused on exploration, research and production of oil and natural gas as well as alternate energy sources.  Delta has investments in oil and gas concession in South America, primarily Argentina.  Its wholly-owned subsidiary, South American Hedge Fund (SAHF), had an agreement to purchase from Oxipetrol-Petroleros de Occidente, SA Argentina and JHP Petroleum Engineering of China, certain interests in four oil and gas concessions in Argentina.

Following an exchange with Oxipetrol-Petroleros de Occidente, SA Argentina and JHP Petroleum Engineering of China of certain development rights, a 60% participation interest in each of the Tartagal and Morillo concessions was acquired by New Times Group Holdings Limited of Hong Kong for HK$ 2.1 billion, following approval by its shareholders in March 2009.  Delta Mutual, Inc., through its wholly-owned SAHF subsidiary, holds a carry-over partial interest of 9% in each of the Tartagal and Morillo concessions.  The joint exploration and development venture has been granted the Tartagal and Morillo concession rights for the next 25 years.

For more information about Delta Mutual, please visit www.deltamutual.com.

Forward Looking Statements

This Press Release contains forward-looking statements that involve risks and uncertainties, which may include statements about business strategy and development plans, plans for entering new business, anticipated sources of funds, including proceeds from future operations and plans, objectives, expectations and intentions contained in the Press Release that are not historical facts such as "estimated gross...prospective resources, total potential revenue, substantially exceeds, etc."  Because these forward looking statements involve risk and uncertainties, actual results could differ materially from those discussed in this Press Release.  These risks are outlined in our SEC filings.  The foregoing statements are made under the "Safe Harbor" Private Securities Litigation Reform Act of 1995 and may contain forward-looking statements that involve risks and uncertainties that may not be evident at the time of this release.  Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of the Section 27A of the Securities Act of 1933, Section 21E of the Securities Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995.  The Company intends that such forward-looking statements involve risk and uncertainties and are subject to change at any time, and that the Company's actual results could differ materially from expected results.  The company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.

SOURCE Delta Mutual, Inc.