Tumipampa: Dynacor hits 15.3 g/t of gold over 4.9 meters in a newly discovered Skarn structure

    Symbol: DNG
    Toronto Stock Exchange (TSX)

    MONTREAL, Sept. 4 /CNW Telbec/ - Dynacor Gold Mines Inc. (TSX: DNG) is
pleased to report that its first exploratory drill hole in the newly
discovered Skarn structure found gold and copper mineralization, including
15.3 g/t of gold over 4.9 meters (see below).
    As mentioned in its press release dated 14 July 2008, Dynacor Gold has
uncovered a Skarn structure at the interface between the intrusive batholite
Yauri-Andahuaylas and the limestones of the Ferrobamba structure. Based on the
results obtained from surface samples taken from outcroppings of the Skarn,
the Company decided to immediately undertake an exploratory drill hole of this
previously unknown structure. The results are discussed below.
    Drill hole HDD-19 has a total length of 294.15 meters and was located at
what appears to be the eastern end of the Skarn structure that has a total
length of more than 1000 meters, based on visible surface outcroppings. Visual
inspection of the core revealed a 74.15 meter long segment that appears to be
mineralized with: magnetite, hematite, limonite, disseminated pyrite and
pyrite in veinlets, grey-white quartzite, calcite, garnets, epidote and some
disseminated chalcopyrite. Within this specularite-magnetite Skarn structure,
gold and copper mineralization was found as well as Mo and W anomalies. The
assay results are given in Table 1, below.

    Table 1 - Assay Results from exploratory drill hole HDD-19

    intersection          Width       Au       Cu       Fe       Mo        W
    (m)                      (m)    (g/t)      (%)      (%)    (ppm)    (ppm)
    82.15 - 83.75          1.60    0.044     0.48    22.78       57      235
    83.15 - 102.10        18.35    0.055   traces     9.94       17       36
    102.10 - 102.65        0.55     15.0   traces    11.65        7       30
    102.65 - 151.40       48.75    0.062   traces    13.79       14       50
    151.40 - 156.30        4.90   15.277     0.02    12.64       25       20

    The drill results show coherence with channel and grab surface samples
taken from same host rocks which correspond to the Skarn structure that was
recently reported (see Press Release dated July 14, 2008). The surface samples
showed gold and copper mineralization, revealing up to 1% copper and gold
mineralizations ranging from 2.67g/t to 9.88 g/t. Twelve samples returned gold
grades of over 1 g/t and up to 15.65 g/t.
    Based on all of the above results the Company has decided to undertake
further drilling of this Skarn structure as soon as possible. However, before
initiating this drilling campaign the Company wishes to carry out some
detailed geochemical surface surveys, geological mapping and systematic
sampling. A precise geophysical data synthesis and analysis will also be
completed in order to target future drilling locations as well as estimate the
true length of the Skarn structure.
    Chemical analysis was done by ALS CHEMEX laboratories in Lima and strict
QA/QC protocols were followed.
    Alain-Jean Beauregard, Geologist, of Géologica Groupe Conseil is Dynacor
Gold's "Qualified Person" and is responsible for the technical information
contained in this press release. He collaborates through his regular visits on
site, for all matters related to sampling procedures, technical information
and the supervision of ongoing development work. Thus, he can testify to the
precision and exactitude of the data and the mining and geological knowledge
of the Tumipampa property, as required by National Instrument 43-101 and its
annexes with respect to the reporting and content of this press release.


    Dynacor is a gold exploration and mining company, that has been active in
Peru through its subsidiaries since 1996. The Company's assets include the
Acari, Casaden and Tumipampa exploration properties. The Acari mill produces
gold by custom milling. Dynacor's strength and competitive advantage comes
with the experience and knowledge the Company has developed while working in
Peru. Its pride remains in maintaining respect and positive work ethics toward
its employees, partners and local communities.

For further information:

For further information: Jean Martineau, President & CEO, Dynacor Gold
Mines Inc., (514) 288-3224; Renmark Financial Communications, Julien Ouimet:
jouimet@renmarkfinancial.com; John Boidman: jboidman@renmarkfinancial.com;
(514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com

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