Mr. Allen Wilson, President and CEO of Dakar Resource Corp. ("Dakar") (TSX
VENTURE:DKR), reports that a second phase drill program has been completed on
its NAP copper-gold-silver-zinc exploration property 40 Km south of Kamloops
B.C. The program targeted several intersecting and subparallel near surface IP
anomalies. Management is assessing the program exploration results and a final
report on the program from Dakar's geological consultant is expected in the next
60 days. Dakar expects to announce detailed results of the program following
receipt of the consultant's report.


Dakar has paid the NAP property optionor $10,000 to obtain a two month extension
of the next cash and share option payments due under the NAP property option
agreement. This payment will also result in Dakar receiving a $4,000 cash credit
and 20,000 share credit on the next option payment. Dakar is required to pay
$16,000 cash and issue 80,000 shares on or before December 14, 2012 to keep the
NAP property option in good standing.


ON BEHALF OF THE BOARD

Allen Wilson, President, C.E.O. and Director

FOR FURTHER INFORMATION PLEASE CONTACT: 
Dakar Resource Corp.
Allen Wilson
President, C.E.O. and Director
(604) 240-4349
(604) 681-4760 (FAX)

Jericho Oil Corporation (TSXV:DKR)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Jericho Oil Corporation Charts.
Jericho Oil Corporation (TSXV:DKR)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Jericho Oil Corporation Charts.