SOURCE: Dynamic Resources Corp.

June 04, 2009 18:52 ET

Dynamic Resources Corp. -- Third Default Status Report

LAS VEGAS, NV--(Marketwire - June 4, 2009) - Dynamic Resources Corp. ("Dynamic" or the "Company") (PINKSHEETS: DYRFF) provides its third bi-weekly Default Status Report under National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults, pursuant to which Dynamic announced that the filing of its annual financial statements, management's discussion and analysis, and related CEO and CFO certifications for the year ended December 31, 2008 (the "Required Disclosure"), would be delayed beyond the filing deadline of April 30, 2009. Dynamic reports that since announcing the original Default Announcement on April 23, 2009, there have not been any material changes to the information contained therein; nor any failure by Dynamic to fulfill its intentions as stated therein, and there are no additional defaults or anticipated defaults subsequent to such announcement. Further, there has been no additional material changes respecting Dynamic and its affairs that have not been previously disclosed or are not disclosed below.

As a result of circumstances reasonably linked to the Company's delay in filing the Required Disclosure, in addition to the default to which this Default Status Report relates, the Company will not meet the deadline for filing its interim unaudited financial statements, management's discussion and analysis, and related CEO and CFO certifications for the three month period ended March 31, 2009 (collectively, the "Interim Filings"). As a result of the Company's delay in preparing the Required Disclosure, the Interim Filings cannot be properly completed in accordance with Canadian securities law and regulation. Under the securities laws of the provinces in which Dynamic is a reporting issuer, these materials were to be filed by May 30, 2009.

By way of a press release dated April 23, 2009, Dynamic announced the delay in the preparation and filing of the Required Disclosure. Dynamic intends to file its next Default Status Report on Thursday, June 18, 2009.

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, otherwise than as required by applicable law. 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

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