Gold Dynamics Corp.
OTCBB : GLDN
OTCQB : GLDN

Gold Dynamics Corp.

March 12, 2012 08:45 ET

Gold Dynamics Acquires Gold Property in the World Renowned Timmins Mining Area

LAS VEGAS, NEVADA--(Marketwire - March 12, 2012) - Gold Dynamics Corp. (GLDN) (OTCBB:GLDN)(OTCQB:GLDN) (http://www.golddynamics.com) is pleased to report that it has acquired by option a 100% interest in a 32 claim land package in Hoyle Township near to the historic Porcupine-Destor Fault. The property is located near the west end of the Neo-Archean Abitibi greenstone belt, approximately 18 km northeast of Timmins, Ontario, Canada and 6 kms north of the Porcupine-Destor fault. The area of acquisition is world renowned as a heavily mineralized area with many active mines where as much as 85 million ounces of gold have been mined historically. The Hoyle Land Package acquired is contiguous to Goldcorp land to the south and east and is within 2 kilometers of multimillion ounce gold deposits.

Workings in the area have been continuous since the early 1900s and currently companies active in the area include Goldcorp, Xstrata, Lakeshore Gold, Osisko Mining, San Gold, Moneta Porcupine Mines and VG Gold with many juniors active in the area. All contractors needed to advance this property are readily available.

Mr. Gary Kirk, CEO/President of Gold Dynamics, said, "I am very pleased we have been able to acquire such an interesting land package in a prolific mining community. The exploration potential that the Hoyle Land Package affords us is excellent and dovetails nicely with my plans to align our company in areas where exploration efforts are likely to be rewarded with high degrees of success. The Hoyle Land Package has been underexplored and gives our company an opportunity to establish a new parallel zone in an active mining area with world class mines on our doorstep. While I expect the area affords many exploration targets yet to be identified, a partial IP has been done on the property prior to our taking ownership of the claims and has identified two zones of interest, my intention is to move onto the Property in the next short while as weather and conditions permit to broaden our knowledge of the geology and identify more targets."

The details of this acquisition call for cash payments to the Vendors over a 3 year period of $95,000.00 with work expenditures committed in the amount of $110,000.00 over that time period. A 2% NSR has been granted to the Vendors. Our company retains the right to buy back 1/2 % of the NSR for $500,000.00 and has the first right of refusal to acquire any balance that comes for sale in perpetuity. An advance of $10,000.00 per year against expected royalty payments will be made yearly beginning year 6 of this option agreement.

Gold Dynamics after its due diligence efforts has decided not to proceed with the proposed Lac Ste. Anne property acquisition as the property did not meet the ongoing needs of our Company.

Forward-Looking Statements

This current report contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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, or the generation of positive cash flow as a result, updating of the corporate website or the availability of an independent geological report outlining the leases, their production, and their potential.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of gold prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume 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 we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information