2008 gold sales of 36,800 ounces totalling more than 34M$ at Acari

Dynacor Gold Mines Inc. (TSX: DNG) is pleased to announce that for the 12-month period ending on the 31st of December 2008 it has registered record gold sales of 36,800 ounces which is 22% above its target of 30,000 ounces that had been announced previously.

During its 8-month operating period in 2007, Dynacor produced from its custom gold milling operations more than 19,000 ounces of gold. Sales in 2008 in comparison have thus increased by approximately 90%. Gross sales reached $34 million, an increase of 143%, as compared to sales of $14 million in 2007.

Dynacor's President and CEO, Jean Martineau, considers that these results have laid the foundation that should allow the Company to progress further in the coming year. Indeed, he recently commented that "DNG's gold sales (in $) have more than doubled since 2007 and the Company's financial results for Q4 2008 and in fact for all of 2008 should be rock solid. We expect that this will continue in 2009 since most financial analysts expect the price of gold to remain high considering its status as a store of value in these uncertain economic times. Some of the more optimistic scenarios call for the price of gold to even exceed $1000 per ounce".

RECORD 4TH QUARTER

Since the beginning of its operations, Dynacor's 2008 4th quarter financial performance is its best ever with gold sales of 11,332 ounces totalling 11.4 million dollars. This represents an increase of 75% (in $) compared to sales of 6.5 million dollars in the same period in 2007 (gold sales, 8,272 ounces in 2007, increased by 37%).

The previous record was registered in Q3 2008 with gold sales of 9,508 ounces, thus gold sales in Q4 2008 increased by 19%.

Financial data is preliminary and could be subject to adjustment.

ABOUT DYNACOR GOLD MINES INC.

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.

SOURCE: DYNACOR GOLD MINES INC.

Jean Martineau, President & CEO, Dynacor Gold Mines Inc., (514) 288-3224