Dynacor Gold Mines Inc. begins a drilling campaign at Tumipampa

Dynacor Gold Mines Inc. (dynacor gold) Symbol: DNG Toronto Stock Exchange

The main objective of the drilling campaign is to explore andcharacterize 10 target structures that have been uncovered by a surfacegeological survey in 2006-2007 as well by earlier exploration work and adrilling campaign in 2002-2003.

Phase II of the drilling campaign will consist of a further 8,000 metersof diamond drilling. The company is confident that the overall 11,000 metersof drilling will yield sufficient data to determine an economic potential ofthe gold mineralization found within the Tumipampa Property.

THE TUMIPAMPA PROJECT

The Tumipampa project is located 500 km from the city of Lima, in theCirca district, Province of Abancay, Department of Apurimac. Dynacor Gold ownsa total of 2,650 hectares which are adjacent to concessions being explored bythe following companies: Meridian Gold, Bear Creek and Southern Peru.

The area is composed of quartzite and limestone of the Cretaceous, whichcontain important epithermal Au deposits intruded by the Apurimac Batholite, awell known metallotect that is related to many porphyric Cu and Au deposits inPeru.

During 2002 and 2003, a first exploration campaign was carried out in theNE area of the property, covering 300 hectares. Geophysical, surfacegeological and geochemical studies were carried out and a diamond drillingcampaign (16 holes - total of 4,050 meters) was completed. The objective wasto find a Au-Cu disseminated porphyry-type deposit in the quartzite. Resultsdid not show gold dissemination, but the holes located near the outcrops ofthe veins showed significant gold grades. For instance, veins 1, Z, and A wereintersected by drilling and the following gold assays were obtained: diamonddrills HDD1 (7.33 g/t Au across 6 meters), HDD3 (8.20 g/t Au across 4 meters),and HDD6 (12.25 g/t Au across 2 meters).

In 2006, a reinterpretation and general review of the project as well asan initial survey in the field was done on the entire Tumipampa Propertyduring which new veins were discovered and earlier known veins were furtherstudied - all told adding up to a total of 10 structures with economical goldgrades. The veins: 1, Z, 2007, San Pedro, Escondida, Esperanza, Porvenir, A, Band El Manto Dorado were also revealed by the presence of old surface workdone during the colonial period. Channel sample analysis of the latter veinsfound grades between 1 and 25 g/t Au. Hydrothermal breccias in quartzitegrading up to 1g/t Au were also identified.

In addition to the current drilling campaign, the company intends during2007-2008 to carry out detailed geological mapping as well as geochemical andgeophysical studies of the entire 2650 ha Tumipampa property. The objective ofthese studies is to locate possible extensions of the known veins that arecovered by quaternary material, limestone and quartzite.

    TWO MOST IMPORTANT MINERALIZED STRUCTURES    Manto Dorado

Five channel samples taken every 2 meters from a 10-meter segment wherethe access path intersected the MD structure returned very significant goldand silver grades of gold and silver (see Table 1, below).

    Table 1. Five channel samples from the Manto Dorado structure    <<    -------------------------------------------------------------------------    Sample           Width (meters)            Au (g/t)             Ag (g/t)    -------------------------------------------------------------------------    55763                     1.10                4.11                 13.9    -------------------------------------------------------------------------    55764                     1.00                2.02                 13.2    -------------------------------------------------------------------------    55765                     1.00                6.63                 17.3    -------------------------------------------------------------------------    55766                     0.70               25.10                 24.8    -------------------------------------------------------------------------    55767                     1.10                2.61                  2.5    -------------------------------------------------------------------------    >>    Vein A

UPDATE ON ACARI MILL

Gold production reached a record level in the 3rd Quarter, during whichthe Acari Gold Mill produced 7,477 ounces of gold, which as compared theproduction of 3,200 ounces in Q3-2006, represents an increase of 133%. In thenine-month period ending on the 30th of September 2007, the Acari Mill hadproduced 16,922 ounces of gold as compared to 8,601 ounces of gold in thecomparable period in 2006, representing an increase of 96.7%.

Furthermore, Dynacor Gold has begun the construction of a second customore processing plant at Acari. This new mill, equipped with flotation units,will process copper, gold, and silver ores, which are abundant in the area.With this extension of the company's custom ore processing capacity, DynacorGold should be able to substantially increase its income stream in 2008.

COMPANY PROFILE

Dynacor Gold Mines Inc. is a gold exploration and mining company, thathas been active in Peru since 1996. The Company's assets include the Acari,Casaden and Tumipampa exploration properties. Moreover, Dynacor Gold owns 100%of the Acari Mill from which it produces gold by custom milling.

Dynacor Gold's strength and competitive advantage comes with theexperience and knowledge the Company has developed while working in Peru forover 11 years. Its pride remains in maintaining respect and positive workethics toward its employees, partners and local communities.

Ivan Quiroz, Vice President Operations and Director, is a mining engineerand metallurgist, and a member of the Collegio de Ingenieros del Peru. He isDynacor Gold's "Qualified Person" and is responsible for the technicalinformation contained in this press release. Thus, Mr. Quiroz can testify tothe precision and exactitude of the data and the mining and geologicalknowledge of the Tumipampa property as required by National Instrument 43-101and its annexes with respect to the reporting and content of this pressrelease.

FORWARD-LOOKING INFORMATION

Certain statements in the foregoing may constitute forward-lookingstatements, which involve known and unknown risks, uncertainties and otherfactors that may cause the actual results, performance or achievements ofDynacor Gold, or industry results, to be materially different from any futureresult, performance or achievement expressed or implied by suchforward-looking statements. These statements reflect management's currentexpectations regarding future events and operating performance as of the dateof this news release.

For further information

Jean Martineau, President & CEO, Dynacor GoldMines Inc., (514) 288-3224
Christina Lalli, Investor Relations, Dynacor GoldMines Inc., (514) 288-3224 ext. 224
Renmark Financial Communications Inc.:Barbara Komorowski: bkomorowski@renmarkfinancial.com
Julien Ouimet:, (514) 939-3989, Fax: (514) 939-3717,