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

Dacha Strategic Metals Inc.

October 15, 2010 08:45 ET

Dacha Reports Net Asset Value at $0.44 Per Share

TORONTO, ONTARIO--(Marketwire - Oct. 15, 2010) - Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE:DSM)(OTCQX:DCHAF) reports its estimated net asset value at Sept 30th, 2010 was $30.6 million or CDN$0.43 per share based on 72,159,214 million shares outstanding. NAV is calculated on the Market Value of our physical inventory plus other historical assets and working capital. As at Sept 30, 2010, Dacha's physical inventory portfolio consisted as follows:

Metal inventory
  Quantity (Kgs) Cost ($) Market Value ($)
Held outside China      
  Dysprosium Oxide 5,000 1,002,000 1,467,000
  Dysprosium Fe 30,000 5,856,000 8,480,000
  Gadolinium Oxide 19,950 357,000 1,212,000
  Lutetium Oxide 3,000 949,000 1,236,000
  Terbium Oxide 13,000 6,647,940 8,166,000
  Yttrium Oxide 19,950 250,000 1,253,000
Held within China      
  Europium Oxide 6,000 2,554,000 2,784,000
  Yttrium Oxide 120,000 1,022,000 896,000
  216,900 18,637,940 25,494,000

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 commercial 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".

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 proposed use of proceeds, ability to attract financing, 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 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.

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.

Contact Information