Dynamite Resources Ltd.
TSX VENTURE : DNR

Dynamite Resources Ltd.

March 26, 2007 16:05 ET

Dynamite Completes Private Placement

TORONTO, ONTARIO--(CCNMatthews - March 26, 2007) -

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Dynamite Resources Ltd. (TSX-VENTURE:DNR) has completed its previously announced private placement financing through the issuance of 10,000,000 Units priced at $0.20 for total gross proceeds of $2,000,000. Each Unit consisted of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one common share of the Company at $0.25 until March 26, 2009. Each of the common shares and warrants are subject to a hold period that will expire on July 27, 2007. In addition, the Company has granted options to purchase 1,470,000 common shares at $0.55 per common share, valid for a period of five years, to officers, directors and consultants of the Company, subject to regulatory approval.

DYNAMITE RESOURCES LTD.

Per: Blair Krueger, President & C.E.O.

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