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LAS VEGAS, NEVADA -- (Marketwire) -- 04/20/11 -- Daulton Capital Corp. (OTCBB: DUCP), a natural resource finance company specializing in precious base metal developments is pleased to announce a strategic partnership with James Das, President of South Pacific Connection Ltd which is headquartered in Paupua New Guinea. Daulton Capital Corporation has completed negotiations whereby Daulton Capital has acquired majority working interest in a major placer property located in the Prince Alexander fault in Paupua New Guinea. The South Pacific Connections Ltd property is comprised of exploration license ELA 1857 and is located south of Wewak in East Sepik Province.
Papua New Guinea is richly endowed with gold, copper, oil, natural gas, and other minerals. With the third-largest gold reserves in the world, the country has become a magnet for giant multinationals seeking to explore this rich resource along with extensive silver and copper deposits. PNG is the 12th largest country in gold exploration and contains four of the largest gold and gold/copper mines in the world. The country lies directly east of (Indonesia) and 160 kilometers due north of Australia.
The terms of the acquisition will be announced in a subsequent press release.
Mr. Das is extremely positive about the strategic alliance and looks forward to a profitable relationship in this new venture. Terry Fields, President of Daulton Capitol Corporation, states that this acquisition will provide added value to our shareholders.
Daulton Capital Corporation is a natural resource finance company focused on precious and base metals as well as oil gas opportunities. Managements corporate philosophy is to be a Project Generator, with the objective of optioning/joint venturing projects with major and junior natural resource companies from inception through to production. The Company has acquired property rights in the Klondike Gold region of the Yukon and continues focusing on acquiring and/or funding additional resource projects. Please visit www.daultoncapital.com for more information.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the companys current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the companys business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
Daulton Capital Corp.
Peter Graham
1-877-882-7858
Daulton.Capitalyahoo.com
www.daultoncapital.com
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