Dynacor Mines Inc. (dynacor)
Symbol: DYN
Toronto Stock Exchange

Dynacor files its audited consolidated financial statements and announces fourth quarter and year-end results

Montr�al, Qu�bec, April 13, 2007 - On April 12, 2007, Dynacor has filed its audited consolidated financial statements for the year ended December 31, 2006 and the other required documents with the regulatory authorities. Dynacor expects that the cease-trade order issued by the regulatory authorities will be lifted early next week.

OVERVIEW
Dynacor is a public company listed on the Toronto Stock Exchange under the symbol DYN. It has been involved in acquisition, exploration, development and operation of mining properties in Peru for the past 11 years.

The Company is mainly active in southern Peru with gold production derived from custom milling operations at the Acari plant, and in northern Peru with the Pasto Bueno tungsten mine where pre-production has begun in September 2006. The first container of concentrate was shipped in October 2006 and that year, the sales of concentrate represented $1,235,460. This amount was reduced from the related deferred exploration according to accounting policies.

GOLD PRODUCTION
In 2005 and 2006, gold sales revenues are derived from ore purchased from local miners. These sales and related costs are recorded in the consolidated statements of earnings.

Total gold production derived from ore purchased from local miners was 14,312 ounces for 2006 compared to 14,301 ounces for 2005. Total gold production was as follows:

Acari
Over the next months, Dynacor plans to increase the mill capacity at Acari from 100 t/d to 130 t/d and reach a gold production of 25,000 ounces per year through custom milling operations.

Spin-off
On February 20, 2007, the Company announced its intention to roll over its gold assets into a new subsidiary and to give its shareholders ownership of such subsidiary. Dynacor will continue to focus on developing its tungsten production at the Pasto Bueno mine, in Peru.

The new company, to be named later, will hold all the current gold assets of Dynacor, namely the Acari property and mill, and all the gold exploration properties, which include the Tumipampa and Casaden properties.

OPERATING ACTIVITIES
For the year ended December 31, 2006, the Company reported a net loss of $2,978,470 compared to a net loss of $592,763 during the same period in 2005. The gross margin decreased from $1,032,979 in the year ended December 31, 2005 to $988,564 for the same period in 2006. The increase of the loss is due to general and administrative expenses that have increased to $2,025,796 in 2006 compared to $1,048,849 in 2005. This increase is due to a rise in activities related to the start-up of production at the Pasto Bueno mill. In addition, a charge of $135,604 for foreign exchange loss was recorded in 2006 compared to $54,214 in 2005. Also, a charge of $1,220,100 for stock-based compensation was recorded during the year ended December 31, 2006 compared to nil during the same period in 2005. This factor has contributed to the increase in the loss for the year.

General and administrative expenses increased to $2,025,796 for the year ended December 31, 2006 compared to $1,048,849 for the year 2005. The increase is due mainly to office expenses and general exploration - Peru that have increased by $189,039 due to the set-up of a corporate structure to include the Pasto Bueno operation. Exploration expenses not related to specific properties owned by the Company are presented in the table above under office expenses and general exploration in Peru.  

General and Administrative Expenses

Assets
The value of properties, plants and equipments increased by $1,845,796, and amounted to $3,211,067 as at December 31, 2006 compared to $1,365,271 as at December 31, 2005, due in part to the rehabilitation of the Pasto Bueno mill, the purchase of mining equipment and the purchase of a building in Lima.

Deferred exploration and development expenses increased by $2,021,655 compared to $868,205 as at December 31, 2005, due mainly to additional exploration work done on the Pasto Bueno mine for $3,052,977.

Shareholder's Equity
Increase in the shareholder's equity for the year ended December 31, 2006 comes from the issuance of 29,639,539 common shares through private placements for a gross total of $9,055,122 less issuance fees of $703,256 for net proceeds of $8,351,866. The importance of the cost of issuance fees is mainly due to the adjustment of the value of the warrants granted with the Black-Scholes model.

For more information, please contact:

Marc Blais, President
Dynacor Mines Inc.                                                                                                  
450 667-3224 

Jean Martineau, Chairman of the Board
Dynacor Mines Inc.
450 667-3224

Renmark Financial Communications Inc.
Danielle Velez: dvelez@renmarkfinancial.com
Christina Lalli: clalli@renmarkfinancial.com
Media - Vanessa Napoli: vnapoli@renmarkfinancial.com
Tel.: 514 939-3989
Fax: 514 939-3717
www.renmarkfinancial.com