Daleco Resources Corp. announced new leadership on their board of directors and a realignment of management. As part of the restructuring, Daleco's larger shareholder, Mr. Grant Lin, the Managing Partner of Far East Investments was named Chairman of the Board of Daleco and Mr. Gary Novinskie, a over 18 year Daleco executive and current President will assume the responsibilities of the Chief Executive Officer.

Additionally, Mr. Michael Carter, currently a director, CEO of BizEquity and Managing Director of The Musser Group, will become Vice Chairman of the board. As part of the reorganization, Mr. Michael Parrish will be leaving the company as CEO to pursue other opportunities. The changes, effective April 24, 2014, will fundamentally reorganize the company's business to accelerate growth, improve profitability and strengthen the company's competitive advantages in the natural resource space.