Daleco Announces Alliance Advisors to Implement Investor Relations Program

WEST CHESTER, Pa., April 3, 2013 (GLOBE NEWSWIRE) -- Daleco Resources Corporation (OTCQB:DLOV) announced that it has retained Alliance Advisors, LLC to provide strategic investor relations services. Alliance Advisors will assist the Company in broadening its presence throughout the financial markets while providing investors with a better understanding of Daleco's business and investment opportunity. Mr. Alan Sheinwald and the Alliance Advisors team will be advising the Company in all facets of corporate and financial communications.

Michael Parrish, CEO of Daleco, stated, "After interviewing several investor relations firms, we have selected Alliance Advisors as our investor relations counsel because of their proven track record in representing publicly listed companies and their broad range of services on both a domestic and a global level. That combined with their understanding of our business and industry, makes them a great fit to the Daleco team."

Alan Sheinwald, Founder of Alliance Advisors, stated, "Daleco is an exciting company that has excellent growth potential globally utilizing their vast undervalued natural resources. We look forward to helping the Company's management broaden their exposure to the investment community and expanding shareholder base."

Daleco Resources Corporation

Daleco Resources is a natural resource company with operating subsidiaries and natural resource holdings active in oil and gas, industrial minerals, and environmental remediation technology. For further information on Daleco and clean age technologies, please visit www.dalecoresources.com.

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 operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings.

CONTACT: Investors: Alan Sheinwald Alliance Advisors, LLC (212) 398-3486 asheinwald@allianceadvisors.net

Source:Daleco Resources Corporation