SOURCE: Dixon, Perot & Champion, Inc.

January 16, 2008 10:06 ET

Dixon, Perot & Champion, Inc. Provides Update on 519-11 Shangdong Extension

NEW YORK, NY--(Marketwire - January 16, 2008) - Dixon, Perot & Champion, Inc. (PINKSHEETS: DXPCF) announced today that the Company is confident that initial exploratory work on the 519-11 Shangdong Extension indicates that the 519-11 Extension should connect with the 519 pipe. This connection will provide an increase in tonnage, exceeding earlier projections, while adding a substantial increase in the mini bulk sampling. Dixon, Perot & Champion is currently acquiring additional equipment and ground staff to facilitate production demands of the sampling material. The Company expects to verify the conclusive results on the 519-11 Shangdong Extension connection with the 519 pipe by March 2008. Dixon, Perot & Champion has recently begun negotiations with a junior Mining Company in Canada concerning substantial gold drilling in Nunavut, which would provide expansion opportunities in the gold markets enhancing the company's existing business portfolio.

About Dixon, Perot and Champion, Inc.

Dixon, Perot & Champion, Inc. is a leader in the gemstone and diamond industry. We specialize in receiving uncut gemstones and diamonds from the mines and creating exquisite finished products. The goal of Dixon, Perot & Champion, Inc. is to continue to successfully lead the industry in processing Colombian emeralds as well as other gemstones. After much research, we have developed an outstanding process for gem cutting and cleaning. We also pride ourselves in the honesty and integrity in which we conduct our business. Dixon, Perot & Champion, Inc. continues to stay on the cutting edge of the gemstone and diamond industry by ongoing research and technological innovation. As a result we are able to present the customer with a greater selection of quality investment grade diamonds and gemstones that should provide an accruing return on investment.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

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