Dynamite Resources Ltd.

Dynamite Resources Ltd.
Avion Gold Corporation

Avion Gold Corporation

April 15, 2009 07:30 ET

RiskMetrics and Glass Lewis Recommend That Dynamite Shareholders Vote "For" the Merger of Avion and Dynamite

TORONTO, ONTARIO--(Marketwire - April 15, 2009) - Avion Resources Corp. (TSX VENTURE:AVR) ("Avion") and Dynamite Resources Ltd. (TSX VENTURE:DNR) ("Dynamite"), are pleased to announce that RiskMetrics Group and Glass, Lewis and Co. have formally recommended that their subscribers vote "FOR" the proposed merger of Avion and Dynamite and Reduction in Share Capital (the "Arrangement"). RiskMetrics and Glass Lewis are leading providers of proxy research and voting recommendations to institutional investors in Canada and the United States.

As indicated in Dynamite's management information circular dated March 26, 2009, the board of directors of Dynamite unanimously recommends that Dynamite shareholders vote in support of the Arrangement and the board of directors of Avion has unanimously approved the Arrangement.

The Arrangement remains subject to, among other things, regulatory approvals, including TSX Venture Exchange approval, final court approval and the requisite approval of the shareholders of Dynamite. A special meeting of Dynamite's shareholders to consider the Arrangement shall be held on Tuesday April, 28, 2009 at 10:00 a.m. (Toronto time). The Special Meeting of the shareholders of Dynamite will be held at Dynamite's offices at 65 Queen Street West, Suite 800, Toronto, Ontario.

Shareholders of Dynamite are encouraged to vote "FOR" the Arrangement by completing, signing, dating and returning their proxy prior to the proxy deadline of 48 hours (excluding Saturdays, Sundays or holidays) preceding the time of the Special Meeting.

Shareholders requiring assistance in voting their proxies can call Kingsdale Shareholder Services Inc., the proxy solicitation agent of Dynamite, toll-free at 1-888-518-1558.

About Avion Resources

Avion is a Canadian-based gold company with near term production from its African gold projects in Mali. Avion has a strong operational team, as well as a team of highly qualified geologists that is currently exploring various projects in Mali. Avion currently holds 80% of the Tabakoto gold mine and has previously agreed to Dynamite acquiring 50% of its 80% interest in the Segala gold project in Mali.

Additional information about Avion and its properties is available on its website at www.avionresources.com.

About Dynamite Resources

Dynamite Resources is a Canadian-based, junior mineral exploration company with three key global projects led by three active exploration teams. Dynamite's projects are located in two highly prospective areas: Mike Lake in the Yukon, Canada - Gold/Copper project located in the mineral rich Tintina Gold Belt; and in the Kyrgyz Republic - Uranium/ Gold properties located in the Tien Shan Mineral Belt near Centerra's Kumtor Gold Mine. The Company's focus is the Mike Lake project as well as its current right to acquire a 40% interest in the Segala Deposit in Mali.

Additional information about Dynamite and its properties is available on its website at www.dynamiteresources.com.

Regulatory Footnotes

Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared by Dynamite in connection with the transaction, any information released or received with respect to the business combination may not be accurate or complete and should not be relied upon. Trading in the securities of Avion and Dynamite should be considered highly speculative.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction nor approved or disapproved of the contents of this news release.

Cautionary Note Regarding Forward-Looking Information This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the basis or impact of the voting recommendation on the success of the Arrangement, future financial or operating performance of each of Avion and Dynamite and its projects, statements regarding exploration prospects, statements regarding synergies and financial impact of the proposed transaction, the terms and conditions of the transaction, the benefits of the proposed transaction, the identification of mineral reserves and resources, costs of and capital for exploration projects, exploration expenditures, timing of future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage and the timing and possible outcome of pending litigation and regulatory matters. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company (and the company resulting from the successful completion of the proposed transaction) to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; delay or failure to receive board or regulatory approvals; timing and availability of external financing on acceptable terms; the business of Avion and Dynamite not being integrated successfully or such integration proving more difficult, time consuming or costly than expected; not realizing on the potential benefits of the proposed transaction; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future mineral prices; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; and, delays in obtaining governmental approvals or required financing or in the completion of activities.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Avion and Dynamite do not undertake to update any forward-looking information, except in accordance with applicable securities laws.


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