DYNARESOURCE, INC.
&
DYNARESOURCE DE MEXICO, SA. De CV.
"NOTICE OF COMPLETION OF PHASE 2 OF EARN IN"
FEBRUARY 1, 2008
DynaResource, Inc., and DynaResource de Mexico, SA. De CV., sets forth the following Notice of Completion of Phase 2 of the "Stock Purchase and EARN IN" Agreement ("EARN IN"), DATED September 1, 2006; Between: DynaResource, Inc. ("DynaResource") and DynaResource de Mexico SA. de CV., its previously wholly owned subsidiary ("DynaMexico"), ("Seller"); and Goldgroup Resources, Inc., of Vancouver, British Columbia ("Goldgroup"), ("Buyer"), and Together, ("the Parties").
Pursuant to the terms of the EARN IN, at February 1 2008, Goldgroup has completed the Phase 2 requirements. The Scheduled Date for the Completion of Phase 2 was March 15, 2008.
PHASE 2 COMPLETION:
At February 1, 2008, the Company reports total deposits to DynaMexico by Goldgroup of $ 3,368,086.03 USD.; with total expenditures through DynaMexico of $ 31,287,090.90 Pesos. Activities related to the exploration and development of SJG are being conducted by DynaMexico, through Contract to the operating subsidiary of DynaResource, Inc. in Mexico, Mineras de DynaResource SA de CV. ("MinerasDyna"); with the Management of Personnel being contracted by Mineras through to the personnel management subsidiary, DynaResource Operaciones, SA de CV ("DynaOperaciones").
Approximately 5,500 Meters Drilling was accomplished in 23 Drill Holes in Phase 2 (Highlights reported below). Previously, in Phase 1, Approximately 3,400 Meters drilling was accomplished in 22 Drill Holes. Additional activities being conducted include Geochemical sampling and mapping, and data consolidation into Surpac Software.
In addition to the exploration and drilling activity, 3 additional Mining Concessions were Claimed, with Title applications Filed. At the time that Title of these Concessions is obtained by DynaMexico, the 3 acquisitions will extend the SJG District by approximately 95,000 Hectares.
HIGHLIGHTS (Phase 2 Drilling):
La PURISIMA:
? Drill Hole (DDH) 07-39 (160 M. East of 07-21); Vertical Hole; 2.05 M. of 2.479 g/t.; 3.25 M. of 10.89 g/t., including 1.90 M. of 16.675 g/t..;
? DDH 07-37; 4.45 M. of 2.99 g/t., Including 2.2 M. of 5.004 g/t.; Hole Stopped in 5.004 g/t. Mineral;
? DDH 07-35; 2.2 M. of 2.736 g/t.; 1.75 M. of 1.74 g/t;
? DDH 07-36; 1.42 M. of 4.319 g/t.;
? DDH 07-40; .8 M. of 2.43 g/t.; 1.8 M. of 1.68 g/t.;
? DDH 07-42; 1.8 M. of 1.86 g/t.; 2.2 M. of 3.316 g/t.; 1.1 M. of 3.475 g/t.;
SAN PABLO:
? Drill Hole (DDH) 07-23 (70 M. South of 07-07), - 60 Degrees Hole; 1.4 M. of 9.56 g/t., with Copper Credits;
? DDH 07-26 (60 M. North, 30 M. East of 07-07), - 60 Degrees Hole; 3.7 M. of 2.38 g/t., with Copper Credits, Including 1.9 M of 4.054 g/t.; 4.1 M. of 16.82 g/t., with Copper Credits, Including 2.2 M. of 34.433 g/t.;
? DDH 07-27 (130 M. West of 07-26), Vertical Hole; 6.05 M. of 13.59 g/t., with Copper Credits, Including 1.95 M. of 21.789 g/t., and Including 1.8 M. of 17.646 g/t.;
? DDH 07-28 (50 M. North of 07-27); - 60 Degrees; 2.3 M. of 4.02 g/t., with Zinc Credits, Including 1.1 M. of 5.4 g/t.;
? DDH 07-29 (Same Location as 07-28, Vertical Hole); 1.2 M. of 6.45 g/t., with Copper Credits; 1.7 M. of 25.05 g/t., with Copper Credits; 1.4 M. of 2.43 g/t.;
? DDH 07-30 (70 M. South, 20 M. West of 07-27, Vertical Hole) 1.6 M. of 5.94 g/t., with Copper and Zinc Credits; .9 M. of 4.26 g/t., with Copper Credits;
? DDH 07-31 (Same Location as 07-30; - 60 Degree Hole); 7.5 M. of 53.98 g/t., with Copper and Zinc Credits; Including 5.35 M. of 75.695 g/t., with Copper and Zinc Credits; Including 3.8 M. of 106.570 g/t., with Copper and Zinc Credits; Including 1.5 M. of 233.613 g/t., with Copper and Zinc Credits;
? DDH 07-34 (North extent of Ore Shoot; Vertical Hole); 2.2 M. of 1.028 g/t.;
EARLY PHASE 3 HIGHLIGHTS:
SAN PABLO:
? DDH 08-48 (Approx. 100 M. West, 40 M North of 07-30 / 07-31); 11.05 M. of 3.84 g/t.; Including 3.68 M. of 6.49 g/t.;
? DDH 08-51 (Approx. 110 M. West, 10 M. South of 07-30 / 07-31); 10.78 M. of 19.44 g/t; OR, 9.05 M. of 22.95 g/t; Including 3.50 M. of 42.32 g/t; with Copper Credits;
HIGHLIGHTS PREVIOUSLY REPORTED (PHASE 1):
La PURISIMA:
? Drill Hole (DDH) 07-21: 6 M. of 26.89 g/t., Including 2.1 M. of 75.9 g/t; extending the La Purisima (between the Anglo and Rosario Mines) Down Dip by approximately 50 Meters;
SAN PABLO:
? DDH 07-07: 5 M. of 9.25 g/t., Including 2 M. of 25 g/t.; Extending recent Mining works at San Pablo by approximately 200 Meters South;
? DDH 07-08: 3.8 M. of 4.77 g/t., Including 2.3 M. of 7.6 g/t.; in the vicinity of recent Mining works and Down Dip;
? DDH 07-09: 2.1 M. of 7.2 g/t.; Deeper Zone of 3.15 M. of 8.33 g/t.; Extending recent Mining works approximately 110 Meters South, and Down Dip; with New Zone in Sediments;
? DDH 07-12: 7.1 M. of 6.36 g/t., Including 4.2 M. of 10.33 g/t., Including 1.1 M. of 15.63 g/t.; Including 1.6 M. of 11.292 g/t.; Extending recent Mining Works approximately 100 Meters Southeast, and Up Dip;
PALOS CHINOS:
? DDH 07-02: .75 M. (3/4 of 1. M) of 16.5 g/t.; Extending Historic Workings approximately 100 Meters South and Down Dip; and approximately 50 meters south of Prior Drill Hole '97-63;
? DDH 07-16: 4.35 M. of 3.09 g/t., Including 2.15 M. of 5.2 g/t.; Drilled from Same Location as prior Drill Hole '97-63;
GEOCHEMICAL:
In addition to these significant Drill Hole highlights; several hot spots resulting from the Geochemical sampling have been identified:
? A "New" North Zone; approximately 750 Meters Northwest of Tres Amigos;
? A "New" Southeast Zone (Cordon); south of Palos Chinos and East of La Purisima;
? The Dead Zone; renamed as the "Argillic Zone";
? Area of the La Union / La Parilla / Veta Tierra;
The Company will expect to distribute a full explanation of the Phase 1 and 2 Drill holes in coordination with Goldgroup Resources, Inc.
The parties are planning a Phase 3 Drill Program consisting of approximately 10,000 Meters, and with expenditures projected at approximately $ 3 M. USD. The Phase 3 drilling commenced in January, 2008. Goldgroup is scheduled to expend an additional $ 3 M. USD. (Total $ 6 M. USD., including the Phase 1, 2, and 3 Expenditures), at September 15, 2009; in order to acquire a Total of 25 % of the Outstanding Shares of DynaMexico.
For further Information, Please Contact DynaResource at its Irving, Texas Offices; or DynaMexico at its Offices in Mazatlan or Guamuchil, Sinaloa.
DYNARESOURCE, INC.
By: K.D. DIEPHOLZ;
CHAIRMAN of the Board of Directors; and CEO;
DynaResource de Mexico, SA. De CV.
By: K.D. Diepholz;
Presidente