SOURCE: Dynamic Resources Corp.

February 02, 2007 13:57 ET

Dynamic Resources Corp. Announces Drilling and Private Placement Update

LAS VEGAS, NV -- (MARKET WIRE) -- February 2, 2007 -- Dynamic Resources Corp. (PINKSHEETS: DYRFF) (the "Company" or "Dynamic") wishes to update the current status of its Atkins-Lincoln 18-1 well in Bosser Parish, Louisiana. After successful testing, completion operations will commence on or around February 7, 2007. A second evaluation well is planned to be spudded at the same time and will be located about one mile from the Atkins Lincoln 18-1 well.

Dynamic and its partners currently have approximately 5300 acres under lease within the prospect area, which is defined by a string of ten old wells drilled in the 1950s, one well per 640 acre spacing. The working interest partners in this prospect area are as follows: Southern Star Energy Inc - 40 per cent, Ramshorn Investments Inc. - 40 per cent and Dynamic - 20 per cent.

The brokered private placement announced on October 1, 2006 has been over-subscribed. The Company plans to issue units totaling US$1,200,000. Each unit will be sold for US$0.08 and consists of one common share and one share purchase warrant. Each warrant entitles the holder to subscribe for one common share at US$0.16 for a period of two years from closing. Proceeds will be used for further exploration and development of the Company's properties in Cotton Valley, Louisiana, Palo Duro and La Salle County in Texas, plus general working capital.

Forward-Looking Statements: Certain information regarding the Company contained herein may constitute forward-looking statements. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. The Company is under no obligation to update or alter any forward looking statement. These risks include operational and geological risks, the ability of the Company to raise necessary funds for exploration and the fact that the Company does not operate its properties. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The Company also disclaims any obligation to update, alter or otherwise revise any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future events or otherwise.

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