Businessweek

Daleco Resources Corp. reported earnings results for the three months ended March 31, 2013. For the period, net revenues were $162,165, a slight increase when compared to the $159,818 recorded during the three months ended March 31, 2012. Loss from operations was $321,231 compared to a loss of $328,993 in the same period of 2012. The company reported a net loss of approximately $374,170 or $0.01 per share loss compared to a net gain of $496,000 or $0.01 per share for the same three month period ended March 31, 2012 which included a one time gain of $898,335 from the sale of undeveloped oil & gas properties in March 2012.

On May 6, 2013, the Audit Committee of the Board of Directors of Daleco Resources Corp. approved the engagement of Mayer Hoffman McCann P.C. as independent registered public accounting firm.

On May 6, 2013, the Audit Committee of the Board of Directors of Daleco Resources Corp. dismissed Vasquez & Company LLP as company's independent registered public accounting firm.

Daleco Resources Corp. announced the company has added two new members to their Board of Directors. The new members are Mr. Li Chi Kong and Mr. Grant Lin. Li Chi Kong possesses more than thirty years of entrepreneurial and leadership experience, having led and created several ventures in China. Since 2003, Mr. Li has been the Chief Executive Officer of DTE Investments, a natural resources trading company throughout Asia. Previously, he was a Chinese based real estate developer and serial entrepreneur. Grant Lin is the Managing Director of Far East Investments, LLC. He is also founder and owner of V Channel, an interactive TV shopping channel currently broadcasting 24/7 from Los Angeles, CA to the United Kingdom. Previously, he served as CEO of Far East Industrial Stock Co. Ltd. China. Mr. Lin has wide international connections in investing, trading, and manufacturing in Asia, the United States, and the United Kingdom.

On 05/06/2013, Daleco Resources Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.