An unknown buyer entered into a purchase and sale agreement to acquire certain oil and natural gas leasehold rights from Daleco Resources Corp. (OTCBB:DLOV.E) for $0.9 million in cash on January 20, 2012. The purchase price is subject to adjustment as to any title defect that is not cured within the time frame permitted by the agreement. The transaction is expected to close on February 15, 2012. An unknown buyer completed the acquisition of certain oil and natural gas leasehold rights from Daleco Resources Corp. (OTCBB:DLOV.E) on March 28, 2012. Daleco Resources Corp. will use the proceeds for general working capital purposes.