Dynacor Gold Announces New Chairman and New Board Member

MONTREAL, QUEBEC–(Marketwire – June 29, 2010) – Dynacor Gold Mines Inc. (“Dynacor”) (TSX:DNG) today announced that its Board of directors has appointed Mr René Branchaud as Chairman of the Board, replacing Mr Jean Martineau. Ms. Johanne Duchesne was appointed, as a new member of the Company’s Board of directors at the annual general meeting held on June 16, 2010.

Mr Branchaud has served on Dynacor’s Board as Company Secretary since 2007. He is a Partner with the law firm Lavery, de Billy, L.L.P and has practiced law with Lavery, de Billy since 1983. René is a member of the Quebec Bar and is currently a director of several public corporations.

Mr. Branchaud commented, “I am pleased to be appointed Chairman of Dynacor’s Board. The company and its proactive business model of utilizing the custom-milling strategy to support exploration expenses is very positive. The Tumipampa property, located close to some of the world’s largest mining deposits, offers the Company major upside potential. I look forward to continue to work with the company’s directors and management team to transform Dynacor Gold into a significant gold company.”

Ms. Duchesne served as a special advisor, corporate finance for two law firms from 2000 to 2008. From 1982 until 2000, she worked for the Commission des valeurs mobilières du Québec (now the Autorité des marchés financiers) where she was Director, Capital markets from 1997 to 2000. Ms. Duchesne supervised all of the capital market’s operations. She holds an MBA from the University de Sherbrooke. Ms. Duchesne is also a director of La Mancha Resources Inc.

Mr. Jean Martineau, President and CEO of Dynacor Gold, stated; “We are pleased about René’s appointment as Dynacor’s new Chairman of the Board. He brings over 20 years of experience in the mining sector and with his guidance, we look forward to continue growing Dynacor’s assets to higher valuations. I am also delighted to welcome Johanne to Dynacor on behalf of the Board. She is a valuable addition to our Board as someone who brings a very broad range of skills, connections and experience. I am, as well as my colleagues on the Board, looking forward to working with Joanne and benefitting from her expertise.”

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.

FORWARD-LOOKING INFORMATION

Certain statements in the foregoing may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Dynacor Gold Mines, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management’s current expectations regarding future events and operating performance as of the date of this news release.