NEWS: Dacha Obtains Receipt for Final Prospectus

July 21, 2010 –TORONTO, ONTARIO (Source : Marketwire) — Dacha Capital Inc. (TSX VENTURE:DAC) ("Dacha" or the "Company") is pleased to announce that it obtained a receipt on July 20, 2010 in connection with the filing of a final prospectus (the "Prospectus") in the provinces of British Columbia, Alberta, Ontario, Québec and the Northwest Territories.

The prospectus qualifies for distribution 48,889,001 common shares (the "Common Shares") of the Company issuable upon the automatic exercise of 48,889,001 previously issued special warrants of the Company (the "Special Warrants"). The automatic exercise of the Special Warrants is scheduled to occur at 5:00 p.m. (Toronto time) on July 23, 2010, being the third business day after the issuance of the receipt for the Prospectus.

As previously announced, the Special Warrants were issued by way of a private placement which closed in two tranches on March 23 and March 31, 2010, respectively, at a price of CDN$0.45 per Special Warrant, resulting in gross proceeds to the Company of approximately CDN$22,000,050. Each Special Warrant will be automatically exercised, without payment of additional consideration or any further action required on the part of the holder thereof, for one Common Share. Mackie Research Capital Corporation, Dundee Securities Corporation and CIBC World Markets Inc. acted as agents in connection with the brokered portion of the private placement.

A notice is being sent to all registered holders of Special Warrants, together with a copy of the Prospectus, advising of the automatic exercise of the Special Warrants.

As a result of regulatory comments on the Prospectus, Dacha has filed amended audited financial statements for the year ended March 31, 2009 and an amended corresponding management's discussion and analysis, an amended annual information form for the year ended March 31, 2009 and amended interim unaudited financial statements for the period ended December 31, 2009. The amended filings are available on Dacha's SEDAR profile.

About Dacha

Dacha is an investment holding company. The primary investment objective of the Company is to achieve capital appreciation by making opportunistic, special situation investments as deemed attractive by the Board of Directors from time to time across various sectors. Presently, the Board of Directors believes there are dominant, long term global trends that are creating opportunities for capital appreciation through investments in the resource sector. To this end, the Company may look to make investments in minerals that are considered undervalued or strategic to global growth and by investing in, holding, selling and otherwise transacting in physical amounts of such minerals. The Company's investment strategy may include investments in physical, undervalued, or strategic commodities, certain of which are currently unavailable to investors.

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 proposed use of proceeds, ability to attract financing, proposed investment strategy of the Company, general investment trends, and receipt of all regulatory approvals. 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. Estimates regarding the anticipated impact of the appointment are based on previous professional accomplishments and competencies. 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.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

For more information, please contact
Dacha Capital Inc.
Scott Moore
President and Chief Executive Officer
(416) 861-5903
[email protected]
Dacha Capital Inc.
Stan Bharti
Executive Chairman
(416) 861-5876