Dacha Strategic Metals Inc.
TSX VENTURE : DSM
OTCQX : DCHAF

Dacha Strategic Metals Inc.

October 15, 2010 10:30 ET

Dacha Acquires Rare Earth Operating License in China

TORONTO, ONTARIO--(Marketwire - Oct. 15, 2010) - Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE:DSM)(OTCQX:DCHAF) is pleased to announce that it has acquired an operating license in the Peoples Republic of China for Rare Earth Elements through the acquisition of a trading company in China. The acquisition of this operating license will allow Dacha to transact in Rare Earth Elements in the domestic and the export market within China under both import and export status.

Scott Moore, President and CEO of Dacha stated, "Dacha's business model has been significantly enhanced with this transaction. Our ability to freely transact in Rare Earth Elements in both the domestic and export markets within China will be a significant driver of value to our shareholders."

The acquisition of the trading company which holds the operating license in China was completed by Dacha Strategic Metals Corp. (Barbados), a wholly owned subsidiary of Dacha. This operating licenses allows the holder to engage in trading activities of rare earth materials within China. It also has the right to import rare earth materials into China and export materials that do not require special licenses for export. 

The process of the ownership transfer and the appropriate government agency registrations are expected to be finalized within the next 30 days.

About Dacha

Dacha Strategic Metals Inc. is an investment company focused on the acquisition, storage and trading of strategic metals with a primary focus on Rare Earth Elements. Dacha has the only commercially available stockpile of physical Rare Earth Elements. Its shares are listed on the TSX Venture Exchange under the symbol "DSM" and on the OTCQX exchange under the symbol "DCHAF".

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the effects of the transaction, proposed investment strategy of the Company, general investment trends, and receipt of all regulatory approvals. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is based on the opinions and estimates of management as of the date such statements are made. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Dacha to be materially different from those expressed or implied by such forward-looking information. Although management of Dacha has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Dacha does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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

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