SOURCE: Dana Resources

February 17, 2010 09:00 ET

Dana Resources in Negotiations to Purchase Producing Silver Mine

LAS VEGAS, NV--(Marketwire - February 17, 2010) - Dana Resources (OTCBB: DANR) (FRANKFURT: OD0) is a US-based precious metals development company with advanced stage gold and base metal properties in Peru. Management is pleased to announce the status of the silver production project acquisition program.

Dana Resources recently announced its intentions to acquire silver producing opportunities in Peru. The Company has identified a silver producing asset with initial projected revenues of approximately $10 million per annum without any additional capital requirements. With additional capital investments, the project could increase production by up to 300% of current levels and receive additional revenue by processing ore from other nearby mine sites.

The company continues with negotiations and intends to conclude a transaction in short order. As well, the company is evaluating several other acquisitions with production potential.

Mr. Len DeMelt states, "Dana is working diligently to follow through on its commitment to generate revenue this year. The transition to a production company would expedite our efforts to become a South American midcap resource production company."

About Dana Resources

Dana Resources is a precious and base metals exploration company with offices in the United States and Peru. Dana's management team possesses local knowledge, extensive international connections, a wealth of experience and technical expertise in mining, mining finance, exploration and production. Dana Resources has acquired a portfolio of gold, silver and other precious & base metal properties located in Peru's most prolific mining regions. 

With Peru growing as a producer of gold, silver and other metals on the international market, Dana Resources is well positioned to capitalize on the escalating global demand for commodities. The management team and Directors are committed to creating value for their shareholders and to the long-term success of Dana Resources.

The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond Dana Resources control with respect to the commencement of drilling operations, concentration in mineral deposits, delays in testing and evaluation of ore samples, and other risks detailed from time to time in Dana Resources' filings with the Securities and Exchange Commission.

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