TORONTO, ONTARIO--(Marketwire - May 3, 2011) - Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX VENTURE:DSM)(OTCQX:DCHAF) is pleased to announce the continued appreciation of its Rare Earth metals inventory. As of April 29, 2011, the estimated value of its metals inventory was US$48.8 million, or C$46.1 million, an increase of C$5.5 million, or 13%, from the estimated value of C$40.6 million at March 31, 2011, as reported in the Company's April 5, 2011 press release.
Assetsinclude metal inventory, cash and marketable securities. At April 29,2011, in addition to its metal inventory, which had an estimated fairmarket value of C$46.1 million, the Company's equity investments had anestimated fair market value of approximately C$3.9million and cash of approximately C$1.7 million for a total of C$51.7 million, or
.71 per share, based on 73.1 million shares outstanding.
As at April 29, 2011, Dacha's physical inventory portfolio consisted as follows:
Dacha'sinventory, including market value is updated weekly every Mondaymorning and posted to the "Inventory" tab of its website at www.dachametals.com.Dacha encourages its shareholders and all other interested parties tovisit its website regularly and to monitor the ongoing appreciation ofits physical inventory of Rare Earth Elements.
About Dacha
DachaStrategic Metals Inc is an investment company focused on theacquisition, storage and trading of strategic metals with a primaryfocus on Rare Earth Elements. Dacha is in the unique position of holdinga commercial stockpile of Physical Rare Earth Elements. Its shares arelisted on the TSX Venture Exchange under the symbol "DSM" and on theOTCQX exchange under the symbol "DCHAF".
Except for statements ofhistorical fact relating to the Company, certain information containedherein constitutes "forward-looking information" under Canadiansecurities legislation. Forward-looking information includes, but is notlimited to, statements with respect to the Company's ability to tradein rare earth elements, the realization value of Dacha's physicalinventory portfolio, proposed investment strategy of the Company, andgeneral investment and market trends. Generally, forward-lookinginformation can be identified by the use of forward-looking terminologysuch as "plans", "expects" or "does not expect", "is expected","budget", "scheduled", "estimates", "forecasts", "intends","anticipates" or "does not anticipate", or "believes", or variations ofsuch words and phrases or statements that certain actions, events orresults "may", "could", "would", "might" or "will be taken", "occur" or"be achieved". Forward-looking statements are based on the opinions andestimates 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, levelof activity, performance or achievements of Dacha to be materiallydifferent from those expressed or implied by such forward-lookinginformation. Although management of Dacha has attempted to identifyimportant factors that could cause actual results to differ materiallyfrom those contained in forward-looking information, there may be otherfactors that cause results not to be as anticipated, estimated orintended. There can be no assurance that such statements will prove tobe accurate, as actual results and future events could differ materiallyfrom those anticipated in such statements. Accordingly, readers shouldnot place undue reliance on forward-looking information. Dacha does notundertake to update any forward-looking information, except inaccordance with applicable securities laws.
The market value ofthe Company's physical inventory is estimated using price quotespublished by two of the largest independent news sources for the metalsindustry, namely, Asian Metal (www.asianmetal.com) and Metal-Pages (www.metal-pages.com).In cases where these websites do not provide a price quote on the typeor quality of metal held in the Company's physical inventory, theCompany relies on a price quote provided by independent third-partyindustry participants.
NEITHER THE TSXVENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM ISDEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTSRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE