SOURCE: Dana Resources

March 17, 2010 14:02 ET

Dana Resources Sees Positive Reception on Chota Silver Mine

LAS VEGAS, NV--(Marketwire - March 17, 2010) -  Dana Resources (OTCBB: DANR) (FRANKFURT: OD0), a US based precious metals exploration and development company, wishes to update its shareholders regarding the activity that has been generated since announcing their acquisition of the Chota Silver Mine.

Dana Resources is very optimistic with its latest acquisition, having been approached by several of the local landowners neighbouring the Chota Mine to process ore from their respective properties and to potentially sell their projects to Dana Resources.

Dana Resources has also been approached by several financiers interested in capitalizing the company to acquire additional projects in the area and to expedite infrastructure development. "We are very excited with the progress and opportunity in the district of Agallpampa. The area is rich in base and precious metals as evidenced by Barrick Gold Corp's Lagunas Norte, 25 km east of the property with a reserve of 8.9 million ounces of gold. Our acquisition program has attracted a positive reception from the community, financiers and our shareholders," commented Mr. Benjamin Nuñez, General Manager of Dana Resources in Peru.

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.

On Behalf of the Board,

Len De Melt
Dana Resources

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