Dacha Strategic Metals Inc.

Dacha Strategic Metals Inc.

November 29, 2010 11:32 ET

Dacha Continues to Demonstrate Its Unique Rare Earth Business Model

Trades 70,000 Kilograms of Heavy Rare Earth Elements

TORONTO, ONTARIO--(Marketwire - Nov. 29, 2010) - Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE:DSM)(OTCQX:DCHAF) is pleased to report the trade of 70,000 kilograms (70 metric tonnes) of Heavy Rare Earth Elements. Dacha is an investment company focused on the acquisition, storage and trading of strategic metals with a primary focus on Heavy Rare Earth Elements. The Company has a strategic stockpile in a LME-approved metals facility in Pusan, Korea. In this transaction, the Company has acquired thirty thousand kilograms (30 metric tonnes) of Heavy Rare Earth Oxides including quotas for immediate export to its warehouse in Pusan, Korea and has sold 40,000 kilograms (40 metric tonnes) of Heavy Rare Earth Elements from its Korean warehouse. Specifically, Dacha has acquired 10,000 kilograms (10 metric tonnes) of optical grade 4N5+ Gadolinium Oxide (Gd2O3) and 10,000 Kilograms (10 metric tonnes) of high purity 4N+ Dysprosium Oxide ( Dy2O3). Dacha has also acquired its first position in Neodymium, having acquired 10,000 kilograms (10 metric Tonnes) of high purity 4N+ Neodymium Oxide (Nd2O3). The acquisition has a combined value of approximately US$5.1 million

Dacha is also pleased to report the trade of 40,000 kilograms (40 metric tonnes) of Heavy Rare Earth Elements to multiple customers including 30,000 kilograms ( 30 metric Tonnes) of Dysprosium Iron Metal (DyFe) and 10,000 Kilograms ( 10 metric tonnes) of Yttrium Oxide (Y2O3). The sale has a combined value of approximately US$9.71 million.

Scott Moore, President and Chief Executive Officer of the Company, stated; "Dacha continues to demonstrate its ability to source and export Rare Earth Elements from China despite quota cutbacks in 2010. Dacha also continues to add customers for its inventory confirming the quality and marketability of its stockpile and the validity of its business model."

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 unique position of holding a publicly available stockpile of Physical Rare Earth oxides . The Company's primary investment objective is to invest substantially all of its assets in Physical Strategic Metals to provide investors with access to this asset class without the mining risks associated with single asset exploration and development companies. Its shares are listed on the TSX Venture Exchange under the symbol "DSM" and on the OTCQX exchange under the symbol "DCHAF".

Except for statements of historical fact relating to the Company, 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 investment strategy and business model of the Company, general investment trends, and the market for rare earth elements. 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 statements are based on the opinions and estimates of management as of the date such statements are made. Estimates regarding the anticipated impact of the appointment are based on previous professional accomplishments and competencies. 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.

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