DYNARESOURCE, INC.
&
DYNRESOURCE DE MEXICO, SA. DE CV.
OCTOBER 15, 2008
NOTICE of COMPLETION OF PHASE 3 OF EARN IN AGREEMENT;
DynaResource, Inc. and DynaResource de Mexico confirm the Completion of Phase 3 of the "Earn In / Option Agreement ("EARN IN"), Dated September 1, 2006; by and Between: DynaResource, Inc. ("DynaResource") and DynaResource de Mexico SA. De CV., its previous wholly owned subsidiary ("DynaMexico"); and Goldgroup Resources, Inc., of Vancouver, British Columbia ("Goldgroup").
Pursuant to the terms of the EARN IN, the scheduled completion Date of Phase 3 was September 15, 2009; but at September 8, 2008, Goldgroup has completed the Phase 3 requirements. In a Meeting conducted by DynaMexico in Mazatlan, Sinaloa Mexico on October 10, 2008; Goldgroup was presented a Stock Certificate Representing 10 % of the Outstanding Shares of DynaMexico, in recognition of Goldgroup's completing the Phase 3 requirements. At the Completion of Phase 3, Goldgroup owns 25 % of the Shares of DynaMexico; DynaResource, Inc. owns 75 %.
At September 8, 2008, Total Deposits to DynaMexico by Goldgroup are accounted for in excess of $ 6,900,000. USD. (Phases 1, 2, and 3). Total Expenditures reported and accounted for are approximately $ 63,000,000. Mexican Pesos (Phases 1, 2 and 3). Activities related to the Exploration and Development of SJG are continuing to be 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 MinerasDyna through to the personnel management subsidiary, DynaResource Operaciones, SA de CV ("DynaOperaciones"). A "Consolidated Statement of Exploration Activities" is updated every 2 weeks by DynaResource Management; copies of the statement are available upon request.
Approximately 15,150 Meters Drilling was accomplished in 56 Drill Holes in Phase 3 (Through August 31, 2008). (Highlights reported below). Previously, in Phases 1 and 2, Approximately 8,950 Meters drilling was accomplished in 44 Drill Holes. Additional activities being conducted are Geochemical sampling and mapping, and data consolidation into Surpac Software (Gemcom).
In addition to the exploration and drilling activity, 3 additional Mining Concessions have now been approved for Title, and are being transferred and Re-Issued to DynaMexico. The acquisition of these 3 Concessions will extend the SJG District by approximately 95,000 Hectares.
PHASE 3 HIGHLIGHTS (PHASE 3 DRILLING):
SAN PABLO:
? DDH 08-48 (Approx. 30 M. S., 125 M. W. of 08-27); 11.04 M. of 3.840 g/t.; Including 3.68 M. of 6.490 g/t.; and Including 3.68 M. of 6.80 g/t.; And Including 1.84 M. of 7.758 g/t.; with Copper Credits; (previously reported);
? DDH 08-51 (Approx. 100 M. West, 10 M. South of 07-30/31); 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; (Previously reported);
? DDH 08-56 (Approx. 55 M. S., 20 M. W. of 08-51); 1.1 M of 2.533 g/t; and, 1 M. of Zinc Credits;
? DDH 08-60 (Approx. 20 M. N., 85 M. W. of 08-51); 7.1 M. of 6.27 g/t, Including 2.2 M. of 17.315 g/t and Including 1 M. of 26.8 g/t; with Copper Credits;
? DDH 08-77 (Approx. 165 M. W. of 08-56); 1.3 M. of 2.401 g/t;
? DDH 08-89 (Approx. 115 M. W., 15 M. S. of 07-09); 3.8 M. of 2.498 g/t., Including 1.3 M. of 4.520 g/t;
? DDH 08-90 (Approx. 15 M. W., 55 M. S. of 08-89); 6.7 M. of 3.564 g/t, Including .6 M. of 17.870 g/t; Including .6 M of 7.210 g/t;
? DDH 08-91 (Approx. 15 M. W., 55 M. S. of 08-90); .2 M. of 17.530 g/t.;
? DDH 08-92 (Same Location as 08-51; 75 Degree Hole; Approx. 15 M. W., 55 M. S. of 08-91); 3.1 M. of 8.014 g/t., Including 1 M. of 23.314 g/t; And, 2.3 M. of 2.212 g/t.; And, 4.9 M. of 3.143 g/t.;
? DDH 08-93 (Same Location as 08-56; 60 Degree Hole; Approx. 15 M. W., 55 M. S. of 08-92); .4 M. of 35.770 g/t;
? DDH 08-96 (Approx. 25 M. N., 70 M. W. of 08-60); 2.07 M. of 1.977 g/t., Including .55 M. of 4.750 g/t;
? DDH 08-97; (Approx. 175 M. W. of 08-51, 60 Degree Hole); 2.78 M. of 12.927 g/t., Including .91 M. of 20.045 g/t; and Including .55 M. of 18.724 g/t.; and Including Copper and Zinc Credits;
? DDH 08-98 (Approx. 165 M. W. of 08-56; 75 Degree Hole); .5 M. of 2.165 g/t.;
LA CECENA:
? DDH 08-52 (Approx. 50 South of Prior Drill Hole "97-50"; which is approx. 250 Southwest of Tres Amigos ); Vertical Hole; 1.3 M. of 1.968 g/t; with Copper Credits; Various other sections with credits of Silver, Copper, and Zinc; (Previously reported);
LOS HILOS:
? DDH 08-54 (Along Strike of Tres Amigos Structure; just North of Los Hilos Historical Workings; which is approx. 600 M. Southwest of Tres Amigos); Vertical Hole; 1. M. of 1.095 g/t; 1 M. of 2.76 g/t; (Near Surface); And, 2.2 M. of 2.64 g/t; with Copper and Zinc Credits;
LA UNION:
? DDH 08-61 (Approx. 30 M. E., 360 M. S. of 08-51 (San Pablo); Approx. 75 M. W., 380 M. S. of 08-31 (San Pablo); 60 Degree Hole; 1.10 M. of 2.446 g/t.; 1.3 M. of 3.183 g/t.; .4 M. of 8.774 g/t; 1.5 M. of 2.131 g/t; Including Copper Credits;
? DDH 08-72 (Same Location as 08-61; Vertical Hole); 1.10 M. of 2.475 g/t;
? DDH 08-76 (Approx. 45 M. S., 65 M. W. of 08-61); 2.8 M. of 27.180 g/t., Including 1.40 M. of 51.340 g/t., and Including .7 M. of 75.560 g/t; And, Including Copper and Zinc Credits;
? DDH 08-80 (Approx.. 115 W., 110 M. S. of 08-76); 3.10 M. of 4.801 g/t., Including 1.50 M. of 7.732 g/t.; And, 1.10 M. of 3.169 g/t.;
LA PURISIMA:
? DDH 08-63 (Approx. 55 M. E., 470 M. S. of 07-21); .4 M. of 11.694 g/t.;
? DDH 08-68 (Same Location as 07-35; 60 Degree Hole; And, Approx. 60 M. E., 180 M. S. of 07-21); 1.6 M. of 21.849 g/t., Including 1 M. of 29.644 g/t;
? DDH 08-70 (40 M. E., 45 M. S. of 07-36); 2.3 M. of 5.190 g/t., Including 1.10 M. of 9.434 g/t.; And, 1.50 M. of 3.573 g/t., Including .25 M. of 16.274 g/t.; And, .2 M. of 4.292 g/t., Including Zinc Credits;
? DDH 08-82 (Approx. 40 M. W., 160 M. S. of 07-21); 1.70 M. of 18.218 g/t.;
? DDH 08-84 (Approx. 55 M. E., 155 M S. of 08-82); .36 M. of 40.059 g/t.; .17 M. of Zinc Credits;
PREVIOUS DRILL HOLE HIGHLIGHTS:
(PHASES 1 & 2 DRILLING):
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;
? DDH 07-35 (60 M. East, 180 M. South of 07-21); Vertical Hole; 2.2 M. of 2.736 g/t.; 1.75 M. of 1.74 g/t;
? DDH 07-36 (Same Location as 07-37); -75 Degree Hole; 1.42 M. of 4.319 g/t.;
? DDH 07-37 (20 M. East, 70 M. South of 07-21); Vertical Hole; 4.45 M. of 2.99 g/t., Including 2.2 M. of 5.004 g/t.; Drill Hole Stopped in 5.004 g/t. Mineral;
? 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 07-40 (60 M. North, 10 M. West of 07-21); -75 Degree Hole; .8 M. of 2.43 g/t.; 1.8 M. of 1.68 g/t.;
? DDH 07-42 (150 M. North, 10 M. West of 07-21); Vertical Hole; 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:
? 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 07-10: 6.9 M. of 1.520 g/t., Including 1.70 M. of 2.639 g/t.; and Including 1.40 M. of 2.119 g/t.;
? DDH 07-11: 2.45 M. of 1.516 g/t.;
? 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;
? DDH 07-23 (70 M. South of 07-07), - 60 Degree 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 Degree 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., Including 1.8 M. of 17.646 g/t.;
? DDH 07-28 (50 M. North of 07-27); - 60 Degree Hole; 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 (Same Location as 07-04; 50 M. North, 10 M. East of 07-09 and 10); Appears to be the North Limit of SP Ore Shoot; Vertical Hole); 2.2 M. of 1.028 g/t.;
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 Within 50 Meters of prior Drill Hole '97-63;
RUDOLPHO:
? DDH 07-06: 2 M. of Zinc Credits; And, 1.9 M. of 2.2 g/t.;
LA PRIETA:
? DDH 07-14: 2.38 M. of 1.733 g/t.;
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";
The Company will expect to distribute a full explanation of the Phase 1, 2, and 3 Drill holes in coordination with Goldgroup Resources, Inc.
Additional Drilling is continuing at SJG. While the Drilling activity was reduced to One Drill Rig during the Rainy Season (July - October); a 2nd Rig is scheduled back to SJG at approx. Oct. 15; and the 3rd Rig is projected to SJG as it is available. At this time, The Company Projects an additional $ 6 M. in expenditures to be realized at SJG, at November, 2009. Goldgroup is required to contribute and expend through DynaMexico, an additional $ 12 M. USD. (Total of $ 18 M. USD.); in order to acquire an additional 25 % (total of 50 %) of the Shares of DynaMexico.
For further information, please contact DynaResource, Inc. at its Irving Texas Offices; or DynaMexico at its offices in Mazatlan or Guamuchil, Sinaloa Mexico.
DYNARESOURCE, INC.;
By K.D. DIEPHOLZ; CHAIRMAN / CEO
DynaResource de M?xico;
K.D. DIEPHOZ; Presidente