Daulton Capital Corp.
OTC Bulletin Board : DUCP

Daulton Capital Corp.

November 18, 2010 06:01 ET

Increasing Gold Prices Position Daulton Capital for Expansion in the High Growth Yukon Gold Mining Region

Gold Futures Rebound and Strong Upward Price Trend Expected to Resume According to Analyst

LAS VEGAS, NEVADA--(Marketwire - Nov. 18, 2010) - Daulton Capital Corp. (OTCBB:DUCP), a natural resource finance company specializing on precious & base metal developments and oil & gas properties, is pleased to provide shareholders with an update to the gold exploration and development in the Yukon.

The Company has been keeping track of a number of resource claims located in the Yukon Gold region close to Daulton's Hunker property (Crown Jewel Claims). Exploration targets are being identified by many other companies where gold-bearing veins have hosted historic mining operations. The Company notes that Northern Tiger Resources recently announced a significant gold discovery at 3Ace Property, in the Yukon with 14.8 g/t gold over 10.9 metres, including 145.2 g/t over 1.05 metres.

Daulton's Hunker property (Crown Jewel Claims) are closely situated to recently acquired Underworld's gold mines located at the Tintina. The mines were purchased by Kinross Gold and drill holes during 2008 and 2009 exploration programs revealed 1.00457 million ounces gold at a gold grade of 3.2 grams per ton in an open-pit resource at the Golden Saddle deposit in the White Gold Project.

The Crown Jewel claim block (Hunker Project), less than 15 miles S.E. of Dawson City, covers most of the upper drainages of Hunker Creek, east of Gold Bottom Creek, a main tributary of Hunker Creek. Hunker Creek was and is one of the top five most productive placer gold creeks in the Klondike gold district.

Meanwhile, Gold futures for December delivery rose $2.30, or 0.2 percent, to $1,340.70, Wednesday on the Comex in New York. "The precious metal will average $1,500 next year," up from a previous estimate of $1,290, BNP Paribas SA said Wednesday in an e-mailed report.

Jeffrey Nichols, a leading gold and precious metals economist for more than 25 years, asserted that the recent drop in price of gold was only a correction and that, "Gold's strong upward price trend will soon resume."

Nichols, who serves as Senior Economic Advisor to Rosland Capital, and as Managing Director of American Precious Metals Advisors, also argued that the long-term fundamental backdrop for the gold price remains very favorable due to ongoing currency devaluation, dwindling mine supply, and central bank buying, among other reasons. As a result, he predicted that the price of gold will move "first to $2,000 an ounce, then to $3,000, and probably still higher in the years ahead."

About Daulton Capital Corp.

Daulton Capital Corporation 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 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 Company's 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 Company's 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.

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