Deloro Resources Ltd.
TSX VENTURE : DLL

Deloro Resources Ltd.

August 12, 2008 17:29 ET

Deloro Resources Ltd.: News Release

BLAINE, WASHINGTON--(Marketwire - Aug. 12, 2008) -

NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Deloro Resources Ltd. (the "Company") (TSX VENTURE:DLL) is pleased to announce the terms of the acquisition of a pipeline natural gathering system (the "Pipeline") in the Kindersley Area of Saskatchewan, Canada. The Pipeline was acquired by the Joint Venture of the Company and Trigas Ventures, pursuant to a Farmout Agreement dated July 14, 2007 (see press release of the Company filed on July 8, 2008). The cost of the acquisition and installation of the Pipeline was approximately $95,000. In relation to the acquisition of the Pipeline, a finder's fee is payable to a party that is unrelated or arm's length to the Company as compensation for technical advice provided to the Company regarding the Pipeline. The finder's fee is to be paid in the form of 36,000 common shares of the Company at a deemed price of $0.25 for a value of $9,000.

The Company is a junior oil and gas company based in Blaine, Washington with core oil and natural gas properties located in the Province of Saskatchewan. The Company's common shares trade on the TSX Venture Exchange under the Symbol "DLL".

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

Contact Information

  • Deloro Resources Ltd.
    Louis P. Lees
    President and Chief Executive Officer and Director
    (360) 371-2820 or Cell: (360) 319-8833
    Vancouver Office: (604) 484-5761
    Email: lou.lees@comcast.net