Deloro Resources Ltd.: Three High Priority Targets Identified at Wilkie Heavy Oil Project

Deloro Resources Ltd. (TSX VENTURE:DLL) ("the Company") is pleased to announce
receipt of a final interpretation report of a 3D seismic survey of the Wilkie
Heavy Oil Project, in west-central Saskatchewan. The survey was commissioned by
the Company and its partner Electro-Petroleum Inc. and completed in the spring
of 2012 by RPS Boyd Petrosearch. Subsequently, data was processed by Key Seismic
Solutions and interpreted by Canadian Discovery Ltd, both of Calgary, Alberta.
The intention of the survey was to identify additional drilling locations for
deployment of the EPI heavy oil recovery system and to better understand the
results of the existing three wells.


Interpretation identified three prospective drilling locations, based on the
presence of thick, continuous, high-porosity reservoir sand above known or
interpreted oil/water contacts. The existing wells have been divided into four
pools based on variations in oil/water contacts, although seismic interpretation
of the sand presence and continuity implies that all pools within the 3D area
are connected in some way. Channels are interpreted to be up to 39m thick.
Proposed wells call for depths between 600-630m, with 400m horizontal legs.


Of the three deviated wells already drilled at the project Deloro lands, the
2010 and 2011 wells appear not to have reached the pools, having been abandoned
at the top of the McLaren Channel. The horizontal producing well (known as the
pilot well) also appeared to be mostly above the best quality McLaren sand,
which explains the limited production.


Reza Mohammed, President, commented, "We are extremely pleased with the results
of the data acquisition and interpretation. What is of particular interest is
that that 'pilot well', which produced approx. 15 barrels/day with EPI
stimulation appears not to have entered the main zone. Long-time shareholders
will recall that the pilot well was a historic well retrofitted with the EPI
system as a proof of concept. The Company's expectation is that if an EPI well
is drilled optimally into the formation it should have significant production
and be a game changer in the heavy oil space."


An excerpt from the Canadian Discovery Report states: "The main zone of interest
is the channel facies of the McLaren Member of the Lower Cretaceous Mannville
Group. This channel fairway consists of a complex arrangement of facies types
due to original deposition and subsequent truncation by younger channels. A
standard land-data 3D processing flow was applied with the addition of a
pre-stack time migration (PSTM) for sharper focusing of structural and
stratigraphic discontinuities. Petrophysical data from twenty-three wells were
considered in the interpretation. One well with sonic and density logs and one
well with only sonic (both vertical) were tied the 3D seismic. These wells were
correlated with the corresponding seismic traces to create accurate depth-time
correction curves for each well. The main geological horizons interpreted on the
phase-rotated seismic were tied at the well locations and picked throughout the
3D. Faults were not interpreted, although they are clearly present and apparent
as discontinuities on the Base Fish Scales horizon. Some are likely re-activated
early Mannville or older as channel deposition orientation and limits appear to
be controlled by structural elements."


The Company will be updating its website (http://www.deloro.ca) with additional
information about the Wilkie Project and the EPI technology in the near term.


On Behalf of Deloro Resources Ltd.

Reza Mohammed, President

This news release shall not constitute an offer to sell or the solicitation of
an offer to buy securities in any jurisdiction.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Deloro Resources Ltd.
604-681-0004
604-681-0014 (FAX)
www.deloro.ca