Dynamic Resources Corp.

Dynamic Resources Corp.

January 05, 2005 14:02 ET

Dynamic Closes Private Placement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: DYNAMIC RESOURCES CORP.

CNQ SYMBOL: DYRF
PINK SHEETS SYMBOL: DYRFF

JANUARY 5, 2005 - 14:02 ET

Dynamic Closes Private Placement

LAS VEGAS, NEVADA--(CCNMatthews - Jan. 5, 2005) - Dynamic Resources
Corp. (CNQ:DYRF)(PINK SHEETS:DYRFF) the "Company") is pleased to report
that it has closed and oversubscribed it's previously announced private
placement (October 18, 2004). The private placement was issued to
arms-length private investors and was comprised of 3,450,000 Units
priced at $0.05 per Unit. Each Unit consists of one common share and one
common share purchase warrant excersiable at $0.15 for a period of 2
years from closing. Total proceeds of $172,500 will be used to further
the development of the Company's properties in Nevada and Yukon, and for
general corporate purposes. No finders fees were paid in conjunction
with this private placement.

In addition, the Company has changed its office address effective
immediately. The new address is:

10611 Pedal Point Place, Unit 203, Las Vegas, Nevada 89144. The phone
numbers remain the same. The new fax number is (702) 254-5594.

About Dynamic Resources Corp.

Dynamic Resources Corp. is a highly focused, progressive gold
exploration and mining company actively engaged in aggressive discovery
programs in Nevada's rich Carlin Trend and Canada's prolific Whitehorse
mining district. Dynamic is guided by an experienced management and
technical team proficient in all aspects of mining exploration,
corporate finance and operations. The Company has a total of 33,582,482
common shares issued and outstanding. For further information, we invite
you to visit us at www.dynamicresourcescorp.com.

Forward-looking Statements

Statements made in this news release that relate to future plans,
expectations, events or performances are forward-looking statements.
Such statements involve risks and uncertainties and are based on the
current reasonable expectations of management. Further exploration
programs may only be possible by raising additional equity funds and
there can be no assurance or reliance that adequate funds will be
raised. Consequently, actual results could differ materially from the
expectations expressed in these forward-looking statements.


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Dynamic Resources Corp.
    Lindsay Malcolm
    Investor Relations
    Toll Free: 1-877-713-7465
    Email: DYRF@shaw.ca
    or
    Dynamic Resources Corp.
    Robert Fedun
    President & CEO
    (604) 209-5113
    (702) 254-5594 (FAX)
    Email: robertfedun@novus-tele.net
    Website: www.dynamicresourcescorp.com
    The CNQ has neither approved nor disapproved of the information
    contained herein.