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

Dacha Strategic Metals Inc.

March 29, 2011 16:02 ET

Dacha Sells Additional 2,000 Kilograms of Europium Oxide in China

TORONTO, ONTARIO--(Marketwire - March 29, 2011) - Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE:DSM)(OTCQX:DCHAF) announced today that it has sold an additional 2,000 kilograms ("kgs") of Europium Oxide from its domestic supply in Shanghai at a price of 4,000 Rmb per kg for gross proceeds of 8.0 million Rmb (approximately US$1.2 million). Based on the original purchase price of 2,870 Rmb per kg and a total gross purchase price of 5.8 million Rmb, the Company realized a pre-tax gain of 2.2 million Rmb (approximately US$0.3 million).

With this sale the Company has sold a total of 6,000 kgs of Europium Oxide in March, 2011 which accounts for its entire inventory of Europium Oxide being held in Shanghai. These sales produced gross proceeds of 23.4 million Rmb, realizing a pre-tax gain of 6.1 million Rmb (approximately US$0.9 million). Please see press release dated March 28th, 2011 for details on the previous sale of 4,000 kgs of Europium Oxide.

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 is in the unique position of holding a 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".

Cautionary Note

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 the proposed investment strategy of the Company the realization of gains and general investment trends. 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. 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. The market value of the Company's physical inventory is estimated using price quotes published by two of the largest independent news sources for the metals industry, namely, Asian Metal (www.asianmetal.com) and Metal-Pages (www.metal-pages.com) (collectively, the "Market Websites"). In cases where the Market Websites do not provide a price quote on the type or quality of metal held in the Company's physical inventory, the Company relies on a price quote provided by independent third-party industry participants.

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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