Gold Dynamics Corp.

Gold Dynamics Corp.

February 08, 2012 08:15 ET

Gold Dynamics to Acquire Mining Properties in Canada

LAS VEGAS, NEVADA--(Marketwire - Feb. 8, 2012) - Gold Dynamics Corp. (GLDN) (OTCBB:GLDN)(OTCQB:GLDN) ( announced today that it has entered into an agreement to acquire the Lake Ste-Anne property from Fayz Yacoub, P. Geo and Remy Yacoub.

Gold Dynamics will pay $160,000 to Fayz and Remy Yacoub over a three year period. In addition to the cash payments, Gold Dynamics will issue 1,200,000 shares and provide a 2% NSR. A finders fee of 10% is payable on the closing of the transaction. This agreement is conditional upon completion of the due diligence satisfactory to Gold Dynamics.

Lake Ste-Anne Property

The Lake Ste-Anne property is contiguous to the past producing Montauban Pb-Zn-Cu-Au-Ag Mine and encloses the Southern Gold Zone which represents the southern extremity of the Montauban deposit. In addition to the Southern Gold Zone, there are five other gold and silver rich zones on the Lake Ste-Anne property: Northern Gold Zone, A Zone, Saint Thomas, Tetreault and the Montauban Zone.

Gold Dynamic's Company President, Gary Kirk, commented: "I view this transaction as our first towards building our inventory of properties which will hold and sustain value for our shareholders. The Lake Ste-Anne property is situated in the Province of Quebec, one of the friendliest mining and exploration environments in Canada. The Lake Ste-Anne property is located within a historic mining camp and affords our company a myriad of historical data while offering new exploration potential. This acquisition fits within the parameters of your company's plans of going forward."

About Gold Dynamics Corp.

Gold Dynamics Corp. is an emerging precious metal explorer focused on under-explored regions of the world that is seeking to grow shareholder value by building gold and silver mineral resources through systematic exploration. The company has brought together a highly experienced board and management team consisting of capable professionals with significant development and mine management experience.

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.

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