SOURCE: Dana Resources

August 28, 2009 08:30 ET

Dana Resources Evaluating Joint Venture Opportunities on Base Metals Assets

LAS VEGAS, NV--(Marketwire - August 28, 2009) - Dana Resources (OTCBB: DANR), a US-based precious metals exploration and development company, is pleased to announce it is meeting with joint venture candidates about Dana Resources' base metals projects. Dana Resources currently owns and operates seven mining projects located in Peru's most prolific mining regions.

Dana Resources owns two advanced staged base metal projects, Las Horquetas and Turmalina. The Las Horquetas project is located in the copper-gold belt northeast of the Tambo Grande deposits and had a joint venture with BHP Billiton in 2001. BHP Billiton's proprietary Falcon survey was flown over the project. Samples of 5.39 grams per ton gold and 5.71% copper have been assayed. Turmalina is Dana Resources' other advanced staged base metals project. The Turmalina project is located in Northern Peru and as of 2007, existing high grade reserves were 305,586 tons of 2.5% copper (15 million pounds of copper). Dana Resources believes the Turmalina Project initially has a copper potential of over 660 million pounds, valued at approximately $1.9 billion.

Dana Resources plans to focus time and funding on the production process at the Collota Gold Deposit. Due to the current high demand for both gold and copper, management believes that successful joint venture relationships will expedite the development and production potential at both Turmalina and Las Horquetas. Bringing both gold and copper for sale in a high commodity price environment is financially advantageous for Dana Resources.

With some of the richest mineral reserves in the world, Peru is one of the highest producing countries of precious & base metals in Latin America. Previously inaccessible regions are now becoming available through modern technology and equipment, making the high diversity of marketable minerals an extremely attractive prospect. In total, Peru holds about 16 percent of the world's known mineral reserves.

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.

Forward-Looking Statements

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 the company's control with respect to 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 the Company's filings with the Securities and Exchange Commission.

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