| ||September 24, 2007|
Daleco Resources Corporation's Sierra Kaolin(tm) Paint Pigment Product Development Trial Results
| ||West Chester, PA, September 24, 2007 |
Gary J. Novinskie, President of Daleco Resources Corporation (OTCBB:DLOV), announced today that its wholly owned subsidiary, Clean Age Minerals, Inc., in conjunction with Tecumseh Professional Associates, Inc., has successfully completed the previously reported pigment testing of its Sierra Kaolin(tm) composite material in architectural wall paints applications. The tests were conducted by DL Laboratories in Brooklyn, New York. The Sierra Kaolin(tm) composite materials were formulated in two different pigments a hydrous material based pigment and a calcined material based pigment. The Sierra Kaolin(tm) pigments were tested side-by-side against pigment formulations using premium calcined kaolinite clay, trade name, Huber 70C(tm), the test standard as well as other test pigment formulations. The performance of the Sierra Kaolin(tm) composite based pigments indicates that the product is a viable pigment option for flat interior latex paints. The architectural paint pigment trials and previously reported paper coating trials were conducted as part of the steps leading towards the commercialization of the Company's Sierra Kaolin(tm) deposit located in southwestern New Mexico.
Steve Roche, Chief Executive Officer of Tecumseh Professional Associates, Inc., the Sierra Kaolin(tm) project operations manager and Clean Age Minerals' strategic partner, reported that Ginn Mineral Technology, Inc. of Sandersville, Georgia, continues to assist in the development of the Sierra Kaolin(tm) process technology and product development efforts. As part of its ongoing work, Ginn selected DL Laboratories to conduct the architectural paint pigment trials. Based on the results of these trial tests, Ginn concluded and the DL Laboratories report shows that the calcined Sierra Kaolin(tm) based pigment product could be a replacement for premium, industry standard calcined kaolinite clay in flat interior latex paint applications and shared the #1 ranking order with the test standard based paint. The hydrous Sierra Kaolin(tm) based paint product achieved the #2 ranking order in the tests. The test formulation of latex wall paints containing the calcined Sierra Kaolin(tm) pigment exhibited the following performance properties: superior Freeze/Thaw Stability, superior Whiteness Index (greater whiteness), and superior Yellowness Index (lower yellowness) as compared to the other comparative test formulations.
Mr. Roche noted that favorable results have been achieved from the architectural paint pigment trials and the paper coating trials of four potentially commercial product formulations utilizing the Sierra Kaolin(tm) composite material. Additional product development efforts involving the Sierra Kaolin(tm) coated paper products will include ink print testing. These tests will be conducted by Nancy Plowman Associates of Burlington, Massachusetts in the next two weeks. He further noted that based on the favorable test results efforts are underway to refine the economic models for the mining, processing, transportation, marketing, and sales of Sierra Kaolin based products and to proceed with the permitting process for the project.
To move the project forward as quickly as possible and to realize the ultimate value of the Sierra Kaolin(tm) deposit, Tecumseh is identifying Kaolin and/or Ground Calcium Carbonate end-users to investigate possible business arrangements involving the Sierra Kaolin(tm) composite materials.
Daleco Resources is a resource company with operating subsidiaries active in oil and gas, minerals, and provides leading edge mineral-based technology solutions for use in environmental remediation.
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 operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings.
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