DSM Deep South Resources Inc

Dacha Strategic Metals Inc. ("Dacha" or the "Company") (TSX
VENTURE:DSM)(OTCQX:DCHAF) is pleased to announce that it has sold 2,900
kilograms ("kgs") of Lutetium Oxide from its inventory held in Jurong, Singapore
at a price of US$1,750 per kg for gross proceeds of US$5,075,000. Based on the
original purchase price of US$309.60 per kg, the Company realized a pre-tax gain
of $4.1 million. As at March 31 2012, Dacha held Lutetium at a mark-to-market
price of $1,600 per kg. 


This transaction marks the 13th consecutive sale of inventory by Dacha above its
mark to market carrying value of its inventory. 


Scott Moore, President and CEO commented, "Dacha has continually provided
investors with a transparent valuation of its inventory based on the published
pricing available in Metal Pages and Asian Metals. In addition Dacha has a
consistent track record of selling inventory above the carrying value of the
inventory at the time. This transaction should further reinforce to shareholders
that our inventory has realizable value at or above its published value and that
the current discount attributed to our share price is not reflective of the true
value of the NAV". 


As at March 31, 2012 Dacha's inventory was valued at $84.8 million or Net Assets
of $1.16 per share.


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, statements with respect to the Company's ability to trade in
rare earth elements, the realization value of Dacha's physical inventory
portfolio, proposed investment strategy of the Company, and general investment
and market 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). In cases where these 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.

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