Dacha Capital presents on its strategy to invest in rare earth elements. It highlights growing demand for rare earths driven by technologies like electric vehicles and wind power. China currently dominates global rare earth supply at over 95%. Dacha aims to capitalize on this dynamic by acquiring physical inventories of rare earths stored outside of China and managing them through an actively traded portfolio. The company sees opportunity for price appreciation and earning a premium given limited supply availability elsewhere. It outlines plans to diversify into other strategic metals and pursue a non-dilutive capital structure.

1. Rare Earth Elements
Unique Ownership in Strategic
Metals
Corporate Presentation
May 7th 2010
TSX:DAC OTCQX:DHCAF
A Forbes & Manhattan Group Company

2. Forward Looking Statements
Caution regarding forward-looking information:
This presentation contains "forward looking information" within the meaning of applicable Canadian securities legislation.
Forward looking information includes without limitation, statements regarding the proposed use of the proceeds of the
financing, the receipt of all necessary approvals, the issue of permits, progress in development of mineral properties,
future production and sales volumes, capital and mine production costs, demand and market outlook for rare earth
metals, future metal prices and treatment and refining charges, the financial results of the Company, the future financial
or operating performance of the Company, and terms and the availability and likelihood of future acquisitions. 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 state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved". 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 the Company to be materially different from those expressed or implied by such forward-looking
information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties;
market risks; risks related to leverage; acquisition risks; and other risks of the mining and trading industries. Although
the Company 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 information 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. The Company does not undertake to update any forward-looking
information, except in accordance with applicable securities laws.
This presentation 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.
2

3. Direct Access to a Strategic Stockpile
of Rare Earths
A diversified portfolio of physical inventory
Key individuals with industry experience and contacts
Physical inventory stored outside of China
3

4. Attractive Value Proposition
for Investors
Participate in the expected price appreciation of
rare earths and strategic industrial commodities
Early stage investment in a potentially valuable
industrial commodities trading operation
Unique structure that can earn a substantial market premium
4

5. Capital Structure
Capital Structure Key Institutional Shareholders
Stock symbol: DAC – TSX:V Libra Fund LP
Shares issued: 71.5 M* Aberdeen International Inc
Fully diluted: 92.5 M
Sprott Asset Management
Price (03/30/10): $0.77
Market Cap: $55 M Dundee
52-week High/Low: $1.05-$0.39 AGF
Cash: $22 M RAB Capital
Latest Financing(Mar 2010)
Amount Raised: $22.0 M
Special W’ts issued**: 48.9 M
Price: $0.45 * Includes special warrants
** Special warrants convert to one common share on
the earlier of clearing by prospectus or July 25-2010 5

6. Management
Stan Bharti, P.Eng., Executive Chairman
• More than 25 years experience in business, management, operations, public markets, and finance
• Mr. Bharti has been the President of Forbes & Manhattan, Inc., a private merchant bank operating in Canada, the United
States and Western Europe, since July 2001
• He is the Chairman and Director of many other publicly listed junior mining companies
Scott Moore, MBA, President & Chief Executive Officer
• Mr. Moore is an experienced capital markets executive with 20 years experience in the resource and durable goods sector
• Former CEO of Franc-Or Resources Corp and VP Corporate Development for Aberdeen International. Former Director of
Sulliden Gold, Franc Or Resources and Avion Gold. He ahs raised in excess of $250 million in resources in the last 3 years.
• He holds a Bachelor of Arts degree from the University of Toronto and an MBA from the Kellogg School of Management
Alastair Neill, P.Eng., MBA, Executive Vice-President
• Mr. Neill is the former VP sales, Rare Earth Division and VP Business Development for AMR (Now Neo-Material
Technologies) and brings over 15 years of direct Rare Earth experience
• He holds a MBA from York University and a Bachelor of Engineering in Material Science from the University of Western
Ontario
Patrick Wong, Chief Investment Officer
• Mr. Wong is a seasoned hedge fund manager with over 15 years of experience and a consistent track record of high returns
• During his career in the public markets, Mr. Wong ran proprietary trading desks at various brokerage firms
Brad Boland, C.M.A., Chief Financial Officer
• Mr. Boland was the CFO of Consolidated Thompson Iron Mines Limited until July 2009
• From May 2005 to September 2007, he was at Kinross Gold Corp., most recently serving in the position of Vice President,
Corporate Controller
• Prior to that, from August 1998 to February 2005, Mr. Boland was at Goldcorp Inc., as Corporate Controller and the Vice
President, Finance
6

7. Why invest in Dacha
• Growing Demand for
REE
• Limited Supply to satisfy
growth
• Strategic Stockpile
outside China
• No Mining Risk
• Dynamic Physical
Portfolio
• Industry Veterans
7

8. Industrial Minerals are the
Enablers of Modern Technology
8

9. “Biggest User of Rare Earths
of any Object in the World”
Toyota Prius
 1kg Neodymium
 15kg Lanthanum
 0.1kg Dysprosium
 Top-selling car in Japan
“In 20 years, all cars on the road will be electric”- Warren Buffett, November 2009
9

10. The Largest User of Rare Earths Tomorrow
1mt Neodymium needed for every 3 MW of wind power generated
10

11. “The value of global rare-earth trade last
year was just $1.25 billion, and it is
projected to grow to about $3 billion by
2015.”- The Wall Street Journal September 3rd, 2009
China – Guarding The Supply
• +95% of Global Supply
• Export Tariffs to drive manufacturing to China
• Export Quotas to limit material available to the Rest of World
11

12. Rare Earth Stocks React
Relative Price Performance
Avalon
600%
500% Arafura Resources
400% Rare Element
300% Lynas
200%
Great Western
Minerals
100%
Rare Earth
Elements Index
0%
TSX Composite
-100%
Jan-09 Mar-09 May-09 Jul-09 Sep-09 Nov-09 Jan-10
•Quest Uranium Corp. was left out due to a return of over 6000%
As at January 15, 2010
Source: BloombergZ
12

13. Strong Demand Growth
IMCOA Rare Earth Oxide Forecast
250,000
200,000
Demand tpa - REO
150,000
100,000
50,000
-
2004 2005 2006 2007 2008 2009 2010f 2011f 2012f 2013f 2014f
China Supply ROW Supply Global Demand China Demand
Global Demand China Demand
(Exclusive of China)
ROW: rest of word supply (yet to come on stream)
REO: Rare Earth Oxides
Source: IMCOA
13

14. Current State of the
Rare Earth Markets
 Small number of market participants
 Transactional based market
 Contracts represent the bulk of market volumes
 Conflicts between business models
Dacha believes the market for Rare Earths is
relatively inefficient and mispriced
14

15. An Actively Managed
Physical Portfolio
Fundamental Research
Asset Allocation
Dynamic
Physical Portfolio
of Rare Earths
+ Trading Operations
Corporate not Hedge Fund
Structure
First Mover Advantage
15

16. London Metal Exchange
Approved Warehouses
Dacha’s LME Warehouse Locations
Dacha will hold it’s physical inventory
initially in Korea and Singapore
16

17. Upside Potential
Rising Commodity Prices For Rare Earth in next 3yrs
Growing recognition with broader investor base and market
transference of strategic premium
Upcoming news flow from the industry, updates on Dacha’s
transactions, further corporate development
Non-dilutive nature of equity financings builds critical mass for
takeout potential
Diversification into other strategic metals
17

18. Valuation Based On
NAV Plus Premium
NAV of Physical Portfolio
+
Scarcity of Rare Earths
+
Financial Products
+ = PREMIUM TO NAV
Dynamic Trading Strategy
+
Only Financial Player
18

19. Dacha Capital
A Forbes & Manhattan Group Company
Forbes & Manhattan
A Private Merchant Bank
Dacha Capital Inc.
Management Team
Stan Bharti Scott Moore Alastair Neill Patrick Wong Brad Boland
Executive Chairman President and CEO Executive VP CIO CFO
Board of Directors
Jean-Guy Claude
Stan Bharti Scott Moore Alastair Neill George Faught
Labert Blanchet
Strategic Metal Advisory Board
Dr. Allen Alper Zheng Zhi Alastair Neill Don Bubar
19

20. Dacha Capital
A Forbes & Manhattan Group Company
Forbes &
Manhattan
Forbes FINANCIAL GROUP Forbes AGRICULTURAL
ForbesENERGY GROUP Forbes MINERALS GROUP
GROUP
Forbes
Forbes
STEEL
PRECIOUS AND
AND SPECIALTY
BASE METALS
MINERALS
GROUP
GROUP
China Mining United Fund
20

21. Forbes & Manhattan
Proven Track Record
Price Per Share and Returns
>$7.00 $5.00
$8.00 $10-$12
>$7.00
$2.20
$0.20
$0.20 $0.22
$0.22 $0.86
$0.20
Cost
Cost Exit
Exit Cost
Cost Market
Market Cost Market
(Oct ‘09) Cost Exited
2007
• 3,750% return in 4 years • Over 3,900% return over • 1,100% return over
• Sold to Yamana Gold 4 years 9 months
for $735M • Market cap over C$1 B • Market cap $C335 M
21

22. Strategic Metal Advisory Board
Management will be assisted by the Advisory Board consisting of Alistair Neill, Executive Vice
President of Dacha Capital, Dr. Allen Alper, former General Manager of Osram Sylvania and
Zheng Zhi, Chairman of the Beijing based China Mining United Fund
Dr. Allen Alper
• Accomplished senior executive, 30 year career at Osram Sylvania
• Formerly VP and General Manager Osram Chemical/Metallurgical Division (15 years)
• Expert in manufacturing and marketing of Tungsten, Molybdenum and other strategic metals
• Holder of 33 patents in high temperature metals
Zheng Zhi
• Chairman of China Mining United Fund (www.cmufund.com)
• He graduated from Jilin University majoring in corporate management in 1987, and completed his graduate
studies from Tsinghua University in the class of mining finance
• Mr. Zheng is also acting as the board director for the Zhengda Group, which controls about 10 billion RMB in
assets
Don Bubar
• Mr Bubar is CEO Avalon Rare Metals and has been a leader in promoting the growth of Rare Earth Deposits
outside of China.
22

23. Appendix

24. Board Of Directors
Stan Bharti, P.Eng., Executive Chairman
Scott Moore, MBA, President & Chief Executive Officer and Director
Alastair Neill, Executive Vice-President and Director
Jean-Guy Lambert, MBA, Vice chairman
• Mr. Lambert served as President and CEO of Dacha Capital Inc. since 1996
• He has served as a financial advisor for Hydro-Quebec as well as a pension fund investment manager and Vice
President for major financial institutions
• He sits on the boards of several public companies and is involved in the management of many private companies
Claude Blanchet, MBA, Director
• Mr. Blanchet was President of Overload Financial Inc., a Calgary-based corporation, managing energy-related
investment funds
• He was the Chairman and CEO of Societe Generale de Financement du Quebec (SGF) from April 1997 to May 2003,
and CEO of the Fonds de Solidarite des travailleurs du Quebec (F.T.Q.), from November 1983 to March 1997
• Throughout his career, Mr. Blanchet has acted as director of many public companies such as Cascades Inc. (TSX),
Domtar Inc. (TSX) and Saputo Inc. (TSX). He’s currently a Director of Demcap Investments Inc. (TSX-V)
George Faught, CA, Director
• Mr. Faught is a chartered accountant with over 25 years of senior management experience. Currently he is the CEO
of Aberdeen International Inc. and has served as the Chief Financial Officer of publicly traded companies in the
natural resources including North American Palladium Ltd., a mid-tier platinum group metal producer. Prior to that,
he served as Chief Financial Officer for Hudson Bay Mining & Smelting Co. Ltd., an integrated base metals producer,
and William Resources Inc., an international gold producer. Mr. Faught also serves as a director of several public
companies in the resource sector.
24

25. Forbes International
Advisory Board
General Jay Garner, USA General Larry Gillespie
Served in the U.S. military for 35 years, including Highly decorated, including Distinguished Flying Cross,
command of Air Missile Defence Units in the Gulf War Soldier’s Medal and Meritorious Service Medal
General Ron Hite, USA General Sir Michael Rose, U.K.
Served 33 years in the U.S. military, culminating as Senior Former SAS Commander for the British Army and a highly
Military Advisor to the Army Chief of Staff decorated General
General Chuck Wald, USA Hon. Pierre Pettigrew, Canada
Air Force, Deputy Commander, European Command Served as Canadian federal Minister of Foreign Affairs
including Africa
Hon. Brian V. Tobin, Canada
General George Joulwan Served as the Canadian federal Minister of Industry and
US Army, Former Supreme Allied Commander, Europe Premier of Newfoundland / Labrador
General Tony Zinni General Lewis MacKenzie, Canada
US Marines, Former Commander in Chief of US Central Served in the Canadian Forces for 36 years; led the UN
Command – includes all Middle Eastern Countries peacekeeping mission in Sarajevo
25

26. The Periodic Table of The Elements
Lanthanides
Actinides
26

27. Rare Earth Ore Compositions
Rare earth content of major source minerals (% total REO)
Monazite Apatite Loparite Bastnaesite Ion Adsorption Clays
Longnan,
Nangang, Nolan's Baiyun Obo, Mountain Pass, Xunwu, Jiangxi Jiangxi
Mt Weld, Guangdong, Guangdong, Bore Lovozersky, Mongolia, California, Guangdong, Province, Province,
Austrailia China China Australia Russia China USA China China China
Lanthanum 25.50 24.00 23.00 20.40 28.00 25.00 33.20 30.40 43.40 1.82
Cerium 46.74 42.70 42.70 48.32 57.50 50.00 49.10 1.90 2.40 0.40
Praseodymium 5.32 4.10 4.10 5.91 3.80 5.10 4.30 6.60 9.00 0.70
Neodymium 18.50 17.00 17.00 21.06 8.80 16.70 12.00 24.40 31.70 3.00
Samarium 2.27 3.00 3.00 2.37 0.96 1.20 0.80 5.20 3.90 2.80
Europium 0.44 0.10 0.10 0.37 0.13 0.20 0.12 0.70 0.50 0.10
Gadolinium Trace 2.00 2.00 0.95 0.21 0.70 0.17 4.80 3.00 6.90
Terbium 0.07 0.70 0.70 0.08 0.07 Trace Trace 0.60 Trace 1.30
Dysprosium 0.12 0.80 0.80 0.34 0.09 Trace Trace 3.60 Trace 6.70
Holmium Trace Trace 0.12 0.05 0.03 Trace Trace Trace Trace 1.60
Erbium 0.03 0.30 0.30 0.09 0.07 Trace Trace 1.80 Trace 4.90
Thulium Trace Trace 0.01 Trace Trace Trace Trace Trace 0.70
Yttrium 0.06 2.70 2.40 0.05 0.29 Trace Trace Trace 0.30 2.50
Lutetium Trace 0.14 0.01 0.05 Trace Trace Trace 0.10 0.40
Yttrium 0.35 2.60 2.40 1.48 Trace 0.20 2.60 20.00 8.00 65.00
Total 99.98 100.00 98.76 101.49 100.00 100.00 99.79 100.00 102.30 98.82
Source: US Geological Survey and Company Reports
27

28. TSX:DAC OTCQX:DHCAF
China Office
Toronto Office Floor 5, South Building G. Scott Moore
65 Queen St west, Suite 800 Zhonghai Mansion President and CEO
Toronto, Ontario Jianguomenwai Street Tel: 416-861-5903
M5h 2M5 Beijing, China smoore@dachacapital.com
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