VANCOUVER, BRITISH COLUMBIA, February 7, 2013 - Delon Resources Corp. (CNSX: DLN) ("Delon" or the "Company") announces that it has given notice to Johan Thom Shearer (the "Optionor") to terminate Delon's option to acquire up to a 100% interest in the West Harrison Property located in British Columbia pursuant to a mineral option agreement with the Optionor dated February 25, 2011 (the "Option Agreement"). Pursuant to the Option Agreement, the Company is required to leave the mining claims in good standing for a period of twelve (12) months and has satisfied such obligation.

The Company further announces that Delon and Gener8 have entered into an amending agreement to the arrangement agreement (the "Arrangement Agreement") between the parties dated January 2, 2013 previously announced by press release dated January 3, 2013 whereby the parties have agreed, among other things, extend the termination date of the Arrangement Agreement and the minimum $3,500,000 financing condition for the concurrent non-brokered private placement (the "Concurrent Financing").

The completion of the Transaction is subject to a number of additional conditions, including, but not limited to, approval of the Transaction by the board of directors and securityholders of each of the Company and Gener8, receipt of an order of the Supreme Court of British Columbia, if applicable, completion of a minimum of $3,000,000 of the Concurrent Financing by February 20, 2013 and the remaining $500,000 by March 25, 2013, the receipt of a fairness opinion and the approval of the CNSX. In addition, if the Concurrent Financing is not completed as of the dates detailed above, Gener8 may terminate the Arrangement Agreement. There can be no assurance that the Transaction will be completed as proposed, or at all and trading in the Company's securities should be considered highly speculative.

ON BEHALF OF THE BOARD

"Herrick Lau"

Herrick Lau
Chief Executive Officer and Director

FOR MORE INFORMATION, PLEASE CONTACT:

Herrick Lau
herrick.lau@barongroupintl.com
604-688-9588

The CNSX does not accept responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

Statements contained in this news release that are not historical facts constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws and are based on expectations, estimates and projections as of the date of this release. The words "is expected" or "estimates" or variations of such words and phrases or statements that certain actions, events or results "may" or "could" occur and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Delon as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Many of these factors can affect Delon's actual results and could cause actual results to differ materially from those expressed or implied in any forward looking statements made by, or on behalf of, Delon. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements

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