Dynacor Gold Mines: Surpasses 10,500 Ounces of Gold Milled in the Third Quarter 2010

MONTRÉAL, QUEBEC–(Marketwire – Oct. 28, 2010) – The custom-milling plant of Dynacor Gold Mines Inc. (” Dynacor “)(TSX:DNG) milled 10,576 ounces of gold during the third quarter of 2010. Production increased by 45 % in comparison with the second quarter of 2010 (7,292 ounces) and 182 % with the third quarter of 2009 (3,755 ounces).

Dynacor has significantly surpassed the 7,000 – 9,000 ounces of gold objective that it had established for the third quarter and is on track to exceed the revised annual objective of 30,000 ounces of gold.

In the third quarter of 2010, the custom-milling operation has accomplished an annualized production rate of over 40,000 ounces of gold per year. The resulting increased liquidity will allow the company to expedite the exploration campaign at Tumipampa. Dynacor expects to issue shortly, an update on its exploration program at Tumipampa.

Dynacor’s third quarter results for the three-month period ended September 30, 2010 are scheduled for release by November 15th, 2010. The financial statements will be available on the web site of Dynacor at www.dynacorgold.com and at www.sedar.com.

ABOUT DYNACOR GOLD MINES INC.

Dynacor is a gold exploration and mining company 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, 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.