Goodwood to propose new slate of directors for Dacha Strategic Metals Inc.

TORONTO, Oct. 26, 2012 /CNW/ - Goodwood Inc. ("Goodwood") announced today that formal notice has been provided to Dacha Strategic Metals Inc. ("Dacha") that Goodwood Fund 2.0 Ltd. will be proposing a new slate of directors for election at the upcoming annual and special meeting of the shareholders of Dacha (the "Meeting") scheduled to be held on November 28, 2012.

Goodwood acts as investment manager to certain investment funds, including Goodwood Fund 2.0 Ltd., collectively owning 4,826,000 common shares of Dacha, or approximately 6.4% of Dacha's outstanding shares.

The notice provided to Dacha refers to Goodwood's recent discussions with certain other significant shareholders of Dacha owning or controlling a further 18,870,000 common shares of Dacha, or approximately 25.1% of Dacha's outstanding shares.  Those other shareholders have confirmed to Goodwood that they support the reconstitution of Dacha's board at the Meeting and intend to vote for the election of the new director nominees to be proposed by Goodwood Fund 2.0 Ltd.  Accordingly, Goodwood believes that the new slate of directors already has the support of the holders of approximately 31.5% of Dacha's outstanding shares.

Further information regarding Goodwood's intended reconstitution of Dacha's board at the Meeting, and the new proposed director nominees, will be set forth in a proxy circular which Goodwood intends to file with Canadian securities regulators in due course.

SOURCE: Goodwood Inc.

Peter H. Puccetti, CFA,
Chairman and Chief Investment Officer
Goodwood Inc.
416-203-2022 (telephone)
416-203-0734 (facsimile)