Daleco Resources Corporation Fills Directors' Seat.

LOS ANGELES -- Daleco Resources Corporation (OTC.BB: DLOV):

Dov Amir, Chairman of Daleco Resources Corporation announced today that, consistent with its previous announced intent to re-align its Board of Directors, the Company has filled three vacant Board seats. Joining the Daleco Board of Directors is: Mr. Steven Roche, William Pipkin, and Mr. Beau Kelly. With the additions, the Daleco Board consists of six members.

Mr. Roche is the co-founder and Chief Executive Officer of Tecumseh Professional Associates, located in Albuquerque New Mexico. He is a graduate of University of New Mexico where he received a Juris Doctorate Degree and of Fort Lewis College where he received a Bachelors of Arts Degree in Business Administration. Mr. Roche has over 20 years of experience in the areas of American Indian Law, oil and gas, mining, environmental assessment and remediation, water law, land titles and leasing and management systems.

Mr. Pipkin is currently an independent consultant located in Orem, Utah. He holds a Masters in Business Administration from the University of Pennsylvania and a Bachelors of Science Degree from Brigham Young University where he majored in Analytical Chemistry. Mr. Pipkin worked for the Hewlett-Packard Company for 21 years where he developed a broad technology background and was involved in all operational aspects including application research and development, manufacturing, sales and marketing on both a domestic and international scale. Mr. Pipkin was one of the co-founders of 16/6, Inc. which was acquired by the Company in 1991 and has previously served as the Chief Investment Officer and a Board member of Ostara Corporation.

Mr. Kelly is the Chief Operating Officer and a Director of Ostara Corporation working in Ostara's Wernersville, Pennsylvania office. He is a graduate of the University of North Carolina where he received a Bachelors of Arts Degree in Criminal Justice. Prior to joining Ostara, Mr. Kelly held various operational positions with JGK Construction Management, Inc. of Sag Harbor, New York.

Mr. Amir noted that the individual skills brought by these new members will augment and invigorate the Board as it presses the fulfillment of the Company's goals of commercializing its natural resource holdings and bringing value to its shareholders.

Daleco Resources is an international asset and technology aggregation and monetization company with operating subsidiaries active in oil and gas, minerals, timber and environmental remediation technology.

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.