DKR Jericho Oil Corporation

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


Mr. Allen Wilson, President and CEO of Dakar Resource Corp. (TSX VENTURE:DKR)
("Dakar" or the "Company") announces that the Company will not be proceeding
with its proposed acquisition of Proteus Energy Corporation ("Proteus"). The
Proteus acquisition and a concurrent financing through Haywood Securities Inc
and Emerson Equity LLC were initially announced November 6, 2012.


Dakar's common shares were halted on the TSX-V November 1, 2012 preceding the
Company's announcement of the Proteus Acquisition. Despite receiving conditional
approval of the Proteus acquisition from the TSX-V and the best efforts of the
parties, the financing required to execute Proteus' exploration and development
plan was not fully subscribed and the proposed acquisition has lapsed.


Mr. Paul Hughes, who joined Dakar's Board of Directors in anticipation of the
Proteus acquisition, has resigned from the Dakar Board of Directors to pursue
other personal business interests. 


Dakar's management team continues to review potential oil and gas investment and
development opportunities for the Company.


ON BEHALF OF THE BOARD 

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

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform Act of 1995
and Canadian securities laws. There can be no assurance that such statements
will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Important factors that
could cause actual events and results to differ materially from Dakar's
expectations include risks related to the exploration stage of Dakar's project;
market fluctuations in prices for securities of exploration stage companies; and
uncertainties about the availability of additional financing.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


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

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