Tumipampa Exploration Update

Dynacor Gold Mines Inc. ("Dynacor" or "the Company") (TSX:DNG) is pleased to announce that its drilling campaign on its 100% owned Tumipampa property is proceeding as planned. A first drill hole has been completed and a 2nd drill hole will be finished shortly. The first set of core samples are currently being analysed and the results will be released as soon as they are available.

During Q4 2010, further surface channel samples were taken from the skarn bringing the total number of surface samples to 993. The Company wishes to release the full set of data which includes all of the new 2010 data. These results are discussed below.

The Tumipampa Property and the Regional Context

The Tumipampa property is located 60 km south of the city of Abancay in the Department of Apurimac and approximately 500 km SE of Lima; its altitude varies between 4200 and 4800 meters and covers an area of 42 km (4,200 hectares). It is located in a fast evolving mining region of Peru.

Within the regional geological context Dynacor's Tumipampa copper-gold project is located at the intercept between two important mineralized large scale corridors: the epithermal gold and silver corridor (which hosts important hydrothermal deposits such as Orcopampa, Ares, Arcata, Caylloma, Shila-Paula, Selene-Pallancata and the Antapite mines) and the Apurimac copper corridor that hosts world class porphyry-copper and base metals rich skarn deposits such as Las Bambas (Xstrata Copper), Los Chancas (Southern Copper Corp), Haquira (First Quantum/Antares Minerals), Constancia (Hudbay Minerals/Norsemont) and Tintaya (Xstrata Copper).