Study Identifies Cement Market Opportunities for Daleco's New Mexican Travertine Deposit.

WEST CHESTER, Pa. -- Daleco Resources Corporation's (DLOV:OTCBB) wholly owned subsidiary, Clean Age Minerals, Inc., announced today the results of its commissioned preliminary scoping study of the potential commercial applications for its Mesa del Oro travertine deposit within the cement industry. Stephan V. Benediktson, Daleco's Chairman and CEO, stated that based on the evaluation, the Company's calcium carbonate has been determined to be a suitable source of feed stock material for the manufacture of cement from both an economic and an available resource quantity perspective. The Mesa del Oro deposit is located 50 miles southwest of Albuquerque, New Mexico in an attractive location with respect to New Mexico's major Interstate 40 power corridor and along the Burlington Northern and Santa Fe railway line.

Richard Thibault, President of Clean Age Minerals, stated that the preliminary scoping study was conducted by an independent qualified consultant and included an on-site visit to the property, a review of all previously collected rock sampling information, drilling results and third party data including publicly available data pertaining to the costs and commercial markets for aggregates, lime and dimension stone. He noted that the cement market in the United States is rapidly growing and relies to a considerable extent on imports of cement from foreign sources. Furthermore, the demand for cement in the southwest is projected to continue to grow and substantially exceed the region's production capacity even after taking into account the announced capacity expansion projects of cement producers active in the area. The study finds that the region's incremental demand for cement can support incremental production capacity on the order of 700,000 tons per year. Within the study area, the evaluation documented as "inferred resources" approximately 500,000,000 tons of high purity calcium carbonate as a potential long term source for feed stock material for the regional cement industry.

Mr. Thibault concluded that the Company will continue with the detail analysis of the potential of the Mesa del Oro property for cement manufacturing and will commence investigating potential commercial venture opportunities within this sector.

Daleco Resources Corporation is a natural resource company with holdings in oil and gas and minerals. Clean Age Minerals holds industrial mineral interests in Texas, New Mexico and Utah and provides leading edge mineral-based technology solutions to the environmental remediation market.

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, which 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, risk inherent in the Company's domestic and international operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings.