LAS VEGAS, NEVADA, Mar. 16, 2010 (Marketwire) -- Daulton Capital Corp. (OTCBB:DUCP) is pleased to announce a 10 day extension of the first option payment of $25,000 pending completion of final negotiations to acquire an additional 38 claims of the Balarat Project, more than doubling the total claims to 86.
"The significance of this property has risen dramatically since the recent acquisition of Underworld Resources Inc. by Kinross Gold Corp, and the additional project size will put Daulton in a potentially key strategic position. It is our intention, upon finalization of these negotiations, to begin an aggressive work program as soon as weather permits, to begin to develop the potential of this project." says Terry Fields, Daulton's President and CEO.
ABOUT DAULTON CAPITAL CORP:
(OTCBB:DUCP) is a natural resource finance company focused on precious and base metals as well as oil & gas opportunities. Management's corporate philosophy is to be a Project Generator, with the objective of option/joint venturing projects with major and junior natural resource companies through to production. Daulton Capital has formed an experienced management team with the ability to take advantage of the tremendous opportunities that are available in the natural resource sector today. Our focus will be to acquire resource projects, expand exploration while continuing to seek special situations and unique opportunities in under funded projects within the resource sector.
This news release may contain forward-looking statements ... Therefore all readers of this information are cautioned that the forward-looking statements are inherently uncertain, including statements related to possible opportunities for growth strategies and statements that are not statements of historical fact, which may or may not be based on Daulton Capital Corp management's estimates, assumptions, projections or beliefs. The forward-looking statements in this news release are subject to various risks, uncertainties and other factors that could cause Daulton Capital Corp actual results or achievements to differ materially from those expressed in or implied by forward looking statements. Forward-looking statements are based on the beliefs, opinions and expectations of Daulton Capital Corp at the time they are made, and Daulton Capital Corp does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change. Readers are cautioned not to place undue reliance on forward-looking statements.