Daleco Resources' Subsidiary, Clean Age Minerals, Inc. Executes Calcium Carbonate Supply Agreement.

Business Editors

ALBUQUERQUE, N.M.--(BUSINESS WIRE)--June 19, 2003

Clean Age Minerals, Inc., a Wholly Owned Subsidiary of Daleco Resources Corporation (OTC: DLOV).

Dov Amir, Chairman of Daleco Resources Corporation announced today that the Company's wholly owned subsidiary, Clean Age Minerals, Inc. ("CAMI") has received an "open ended" purchase order from Steve A. Hooper and Associates, Inc. ("SAHA") of Albuquerque for various material grades for ground cover and decorative stone produced from CAMI's Haskani Pit extraction operations on its Mesa Oro Grande Travertine deposit in Cibolo County, New Mexico. He added that consistent with the Company's plans, the sale of stone to the region's landscape and construction markets will provide base operating income while the Company pursues other Calcium Carbonate sales.

Robert Martin, Clean Age Mineral's President, stated that the initiation of wholesale deliveries from the Mesa Oro Grande Travertine deposit represents the completion of another key objective in CAMI's overall site commercialization plan. Mr. Martin noted that CAMI initiated extraction operations on the deposit during 2002 through an out sourcing mine site operations agreement with ANP Incorporated of Denver Colorado. Since that time, CAMI has been building physical inventories to support its sales effort. He pointed out that the execution of the supply agreement with SAHA was only possible after the several months of test marketing the material and the accumulation of product inventories sufficient to adequately meet anticipated demand requirements.

Gary J. Novinskie, Chairman of Clean Age Minerals, Inc., ("CAMI") and President of Daleco Resources Corporation noted that the opening of the Mesa Oro Grande mining pit and the receipt of the purchase order begins to establish a basis upon which to evaluate the impact of that the 1.5 Billion (1,500,000,000) ton Travertine (Calcium Carbonate) deposit can have on the company. Mr. Novinskie also noted that, for market sensitive reasons, the Company was unable to divulge the specifics pricing and volume terms of the purchase order. He added that the sale of multiple stone grades and decorative rock to ASHA would provide a current positive cash inflow to the Company and that it is expected to continue to improve well into the foreseeable future. Mr. Novinskie concluded by pointing out that the initiation of sales from Oro Grande is just one of the Company mineral commercialization projects which include the development of high quality Kaolin and Zeolite products.

Safe harbor for Forward-looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, and risk inherent in the Company's international operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings.