SOURCE: Dana Resources

September 02, 2009 11:21 ET

Dana Resources Included in Study of Peru Gold Mining Industry

LAS VEGAS, NV--(Marketwire - September 2, 2009) - Dana Resources (OTCBB: DANR), a US-based precious metals exploration and development company, is pleased to announce that SmallCap Sentinel has included Dana Resources in their profile on Peru. Dana Resources currently owns and operates seven mining projects located in Peru's most prolific mining regions.

SmallCap Sentinel states, "The Collota Gold Deposit, located in Northern Peru in the region of Ancash on the eastern side of the Cordillera Negra (Black Range Mountains), has estimated resource totals of 1,170,000 ounces of gold, equivalent to a current gross in-situ value in excess of $1 Billion. The aggregate news from Dana paints a picture of confidence in what lies beneath the Peruvian terrain."

A company snapshot and editorial regarding Dana Resources and of interest to investors of gold equities AngloGold Ashanti LTD, Barrick Gold Corporation, Newmont Mining Corp., and Gold Fields Limited is available at

SmallCap Sentinel further states, "In just the past month alone, Dana resources has entertained joint venture candidates about its base metals projects, announced that it is currently evaluating gold prospects within close proximity to its 1.17 million ounce Collota gold deposit, and successfully acquired the Collota One Gold Prospect in Peru. With seven mining projects located in Peru's most prolific mining regions and the prospect of its share of 1.17 million ounces of gold to be found, Dana's pursuit of Peruvian gold seems justified."

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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