DANR Dana Resources (CE)

(OTCBB: DANR) Dana Resources, a US-based precious and base metals exploration company with advanced stage gold properties in Peru, is pleased to announce that they have acquired a 100% interest in the claim known as the Las Horquetas Project, in Peru.

Las Horquetas is a copper-gold porphyry prospect and is located in northern Peru. The project covers a 2,223 acre area and lies approximately 120 kilometers northeast of the city of Piura in the District of Las Lomas. The property is situated in the same copper-gold belt as the world famous Tambo Grande deposits (gold, copper and zinc) to the south west.

The area of Las Horquetas consists of stock works and a significant alteration zone in a length of 1 km by 0.5 km wide in granodiorite, surrounded by volcanic rocks.

A systematic exploration program consisting of geological mapping, prospecting, sampling and drilling was carried out by BHP Billinton (NYSE: BHP) and SIMSA in 1999 (including BHP�s propietary Falcon Survey); however, due to the low commodity prices at the time, further exploration was postponed.

Dana Resources is planning to continue the geophysical study of the area and will complement the study with additional drilling.

Dana Resources considers this volcanic belt (Lancones Basin), formed by the intrusion of ganodiorite to have considerable potential to be a profitable copper-gold project.

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. Peru holds about 16 per cent 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.

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 Dana Resources control with respect to the 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 Dana Resources� filings with the Securities and Exchange Commission.

Dana Resources (CE) (USOTC:DANR)
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