Dynamic Resources Corp.
PINK SHEETS : DYRFF
CNQ : DYRF

Dynamic Resources Corp.

July 03, 2008 14:44 ET

Dynamic Resources Corp.: Sentell Field Update

LAS VEGAS, NEVADA--(Marketwire - July 3, 2008) - Dynamic Resources Corp. ("Dynamic")(CNQ:DYRF)(PINK SHEETS:DYRFF) Dynamic has been informed by the operator of its Sentell Field project that a 10 well drilling program will commence in August that will start by drilling two Cotton Valley wells. The first vertical Haynesville Shale test well will then be drilled. A technical evaluation is planned once the drilling of the Haynesville well is completed. The partners in this play plan to convert the proved undeveloped Cotton Valley acreage into cash flow by continuing with the 2008/2009 drilling program.

The vertical Haynesville Shale test well will be drilled to a depth of approximately 12,500 feet. Numerous companies, such as Chesapeake Energy Corp., EnCana Corporation and Petrohawk Energy Ltd. continue to report successful drilling of Haynesville Shale wells in the area with flow rates ranging from 5 to 15 million mcf/d with flowing casing pressures of up to 5000 psi.

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.

Contact Information