Dynamic Resources Corp.

Dynamic Resources Corp.

July 09, 2007 16:41 ET

Dynamic Resources Corp.: Project Update

LAS VEGAS, NEVADA--(Marketwire - July 9, 2007) - Dynamic Resources Corp. (the "Company" or "Dynamic") (CNQ:DYRF)(PINKSHEETS:DYRFF) Dynamic is releasing an update on the current status of its exploration/development project in the Sentell Field in the Bossier Parish of Louisiana.

The third well, Rendall "7" #1, was spudded on June 28, 2007 and total depth of 5000 feet was reached on July 7, 2007. The well was logged and the decision has been made to run production casing. The logs indicate the potential of three productive oil zones. Once the well is cased , completed and tested, additional information will be released.

With reference to the first well that was drilled, 18-1, completion operations have commenced as of July 6, 2007. Results will be released once completion work is done and the well is tested.

We have also been informed by the operator, Southern Star Energy, that another deep well, 9900 feet, should be spudded on or before August 15, 2007.

Dynamic and its partners currently have approximately 5300 acres under lease within the prospect area, which is defined by a string of 10 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 40 per cent; Ramshorn Investments Inc. 40 per cent; and Dynamic 20 per cent.

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. Such forward-looking statements include, among others, the estimation, expectation and/or claim, as applicable, that: (i) 6.3 Bcfe has been developed, based on 160 drainable acres per well, (ii) 29.1 Bcfe is thought to be proven in three to six different zones by the drilling of the two new wells between four old wells drilled in the 1950's; (iii) the two wells will be completed to production sales in Q2, 2007; (iv) the company will develop a 10 well drilling program that it intends to initiate after successful completion of the first two wells; (v) the 10 well drilling program will be designed to prove out the prospect and quickly initiate production for the company; (vi) with continued successful evaluation drilling, the company plans to develop the leased acreage with at least one well per 160 acres; and (vii) analog fields are being economically developed with at least one well per 80 acres.

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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