SOURCE: Dynamic Resources Corp.

September 15, 2008 13:28 ET

Dynamic Resources Corp. Announces Loan Facility and Private Placement

LAS VEGAS, NV--(Marketwire - September 15, 2008) - Dynamic Resources Corp. (the "Company" or "Dynamic") (PINKSHEETS: DYRFF) (CNQ: DYRF) announced that it has entered into a US$ 6,000,000 loan to fund its on-going development costs at its Sentell Field in Louisiana. The secured 4% convertible note has a 4-year term, and is convertible into 40,000,000 common shares at a conversion rate of US$0.15 per share, subject to adjustment in certain circumstances. In addition, Dynamic has agreed to issue 20,000,000 warrants, each entitling the holder to one share at US$ 0.15, subject to adjustment in certain circumstances for a 4-year term. Under certain share price performance conditions, Dynamic may require the early conversion of the note. To date US$1,000,000 has been advanced under this facility. The remaining US$5,000,000 will be advanced upon satisfaction of certain closing conditions.

Robert Fedun, President of Dynamic, commented, "We are enthusiastic about this financing, which is the largest in the Company's history. First, these funds give Dynamic the ability to pursue our aggressive development of the Sentell Field. In our next phase of development, our plan is to drill at least 6 Cotton Valley wells and 2 Haynesville wells, and this financing gives Dynamic the capital to fully fund this program, and move the Company towards capital self-sufficiency."

Drilling of the first well in the development program has reached total depth and production casing has been run down the hole. Fracture completion and testing is scheduled within the next 2 weeks. The drilling rig and associated equipment is now being moved to the next location, which will be drilled to test the Haynesville formation.

Dynamic also announced that effective June 6, 2008 it completed a private placement of 50 Units at US $1,000 per Unit, to one purchaser. Each Unit consists of one 10% 2-year note and 5,000 common share purchase warrants. Each warrant entitles the holder to acquire one common share of the Company for US $0.20 per share until September 4, 2010.

Information Regarding Forward-Looking Statements:

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (i) the inherent uncertainties and speculative nature associated with oil and gas exploration; (ii) any number of events or causes which delay or cease exploration and development of Dynamic's property interests such as environmental liabilities, weather, mechanical failures, safety concerns, labour problems and financing problems; (iii) changes in economic conditions, adverse exchange rates and financial markets; (iv) the risk that Dynamic does not execute its business plan; (v) the inability to retain key employees; (vi) changes in the prices of oil and gas; (vii) Dynamic's inability to finance its operations or growth; and (viii) the inability to obtain all necessary government, environmental and regulatory approvals. These forward-looking statements are made as of the date of this news release and Dynamic assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although Dynamic believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in Dynamic's periodic reports filed from time-to-time at www.sedar.com

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