Appointment of New Board of Directors and CEO of Dakshidin Corporation, Dec. 9, 2009

The Board of Directors of Dakshidin Corporation (Pink Sheets:DKSC) announced the appointment of John (Lex) Van Arem as interim President and CEO and Director of Dakshidin Corporation effective December 9, 2009. Mr. Nick Laroche has tendered his resignation as President and CEO and Director. Anthony Goldstein also tendered his resignation as a Director.

Dakshidin was served notice and a formal demand to cure the delinquency in the agreement between Dakshidin (DKSC) and RESTEC Inc. (RESTEC). On March 12, 2007 DKSC and RESTEC completed and signed the agreement to transfer RESTEC technology, intellectual property, systems, know-how, trade-marks, trade secrets, copy rights and designs, (the property) for the expressed purpose that DKSC would commercialize said property and meet certain terms and conditions as the transferee. Specifically, the default notice states, “DKSC as the transferee has failed to meet several critical terms and conditions of the agreement and/or provide any evidence that the terms and conditions will be met in the future. The transferee has failed to meet its obligations related to the terms and conditions of the agreement, specifically as it relates to the representations to commercialize the said assets and the necessary financial resources to fulfill its obligations.”

Mr. Laroche felt that it is in the best interest of the Company and shareholders to appoint a new CEO and Board of Directors to negotiate and resolve the default provisions of the RESTEC agreement and move the Company forward.

Forward-Looking Statements: The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.

Dakshidin (PK) (USOTC:DKSC)
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