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Daleco Hires Vice President of Sales

WEST CHESTER, Pa., April 23, 2013 (GLOBE NEWSWIRE) -- Daleco Resources Corporation (OTCQB:DLOV) a natural resource company with operating subsidiaries and natural resource holdings active in oil and gas, industrial minerals, and environmental remediation technology today announced that is has hired Mr. Joseph Sverapa to serve as the company's Vice President of Sales.

Mr. Sverapa possesses over 20 years of experience in the industrial sales sector. He has continually increased sales and assisted in the significant expansion of every company in which he has worked. Previously, he led sales efforts at USA Container, National Container Group, and IBC North America. As the Regional President of Hoover Material Handling Group, he was responsible for all sales, distribution, inventory and profit and loss growing their west coast regional sales from under a million dollars to over $9.5 million in five years. He holds a bachelors degree in Chemistry.

"We are extremely pleased to announce the addition of Mr. Joseph Sverapa with his extensive sales and logistics experience to the Daleco management team," stated Michael Parrish. "We believe that his strategic relationships and key industry knowledge will allow us to form new profitable partnerships throughout our natural resource businesses. We look forward to leveraging his strong sales ability as we seek to increase revenue in the near term."

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