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 has entered into letters
of intent ("the LOIs") to acquire (the "Acquisition") a 50% working interest in
two oil lease packages located in Kansas ("the Kansas Properties"). The
Properties comprise 2,588 acres with current production of 51 barrels of oil per
day. Dakar is paying $2.475 million cash for its working interest in the Kansas
Properties. Dakar will enter into a joint operating agreement ("JOA") with
Kansas Resource Exploration and Development LLC (as operator) for exploration
and further development of the Kansas Properties. Dakar anticipates that its 50%
share of exploration expenditures for infill drilling and other exploration and
development will be $2.5 million over the next 12 months. An independent reserve
report (effective November 30, 2013) has been prepared on the Kansas Properties
by B.L Whelan. P. Geo. in accordance with National Instrument 51-101 which will
be filed with the TSX Venture Exchange in connection with the Acquisition. The
Reserve Report attributes an NPV of $6,855,000 (before taxes and undiscounted)
to the Kansas Properties' proved, producing reserves.


Dakar will raise $5 million by way of a non-brokered private placement of
16,666,666 units (the "Units") at $0.30 per unit (the "Offering") to finance the
acquisition of its interest in the Kansas Properties and for drilling and
exploration over the 12 months following closing. Each unit is comprised of one
common share and one half warrant (a "Warrant") with each whole Warrant being
exercisable into one common share at $0.50 per share for two years from closing.
The Offering is being sold in the exempt market and primarily to accredited
investors in Canada and the U.S.


Dakar will be changing its name to "Jericho Oil Corporation" in connection with
the Acquisition and Offering. Shareholder approval for a change of name was
received at the Company's January 24, 2013 shareholders' meeting.


The Acquisition and Offering will not result in a change of control of Dakar.
The Acquisition is considered an arm's length transaction. Finders' fees may be
paid in connection with some of the proceeds raised in the Offering. Closing of
the Acquisition and Offering is subject to certain closing conditions, including
approval of the TSX Venture Exchange ("TSX-V"), 


Dakar also announces the appointment of Mr. Robin Peterson, who has current
Canadian public company reporting experience with U.S. oil operations, as its
new Chief Financial Officer. Mr. Peterson replaces Mr. Henry Bromley who has
left Dakar to dedicate his full attention to personal business pursuits. Dakar
thanks Mr. Bromley for his able assistance as CFO during Dakar's start up and
initial public offering. 


The TSX Venture Exchange has in no way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this press
release.


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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