Daytona Energy Corporation
TSX VENTURE : DTE

Daytona Energy Corporation

November 18, 2009 17:03 ET

Daytona Energy Corporation: Corporate Update

CALGARY, ALBERTA--(Marketwire - Nov. 18, 2009) - Daytona Energy Corporation (TSX VENTURE:DTE) announces it has withdrawn its notice to complete the private placement of up to 35,391,099 shares at a price of $0.015 per share (see Press Release - September 29, 2009). The Company is currently reviewing other options to refinance.

Daytona is an oil and gas exploration/development company, focused on gas exploration in Alberta, Canada.

ON BEHALF OF THE BOARD OF DIRECTORS OF DAYTONA ENERGY CORPORATION

Jacqueline M. Tucker CFO & Director

Additional information is available at www.DaytonaEnergy.com.

Except for historical information contained in this release, the matters discussed are forward looking statements that involve risks and uncertainties. When used in this release, words such as "anticipate", "believe", "estimate", "expect", "probable" and "intend" and similar expressions, as they relate to the Company or its management, identify forward looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and pricing; capacity and supply constraints or difficulties; product development; commercialization or technological difficulties; the regulatory and trade environment. The Company undertakes no obligation to revise any forward-looking statements as a result of future events or developments.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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