Dynamite Resources to Begin Next Phase of Drilling

TORONTO, ON - Dynamite Resources Limited reported that the seasonal start-up crew will be onsite to begin preparing for the drilling program at the Company's Mike Lake Gold-Copper Project in west-central Yukon, Canada. Drilling is scheduled to commence in the middle of June 2008 with 8,500 metres planned.
The 2008 drill program will focus on the Upper Skarn Ridge target which was discovered in Dynamite Resources' 2007 exploration program. The Discovery Hole (DDH SK-07-01) on the Upper Skarn Ridge target results were 89 metres of 0.61% Copper, 1.38 g/t Gold, 13.6 g/t Silver and 0.044% Tungsten Oxide near surface.
"The main objective of the 2008 program will be to calculate an inferred mineral resource based on the Upper Skarn Ridge discovery hole," states Dynamite Chairman, Stan Bharti. "We are eager to re-commence our exploration of this exciting new discovery and have planned an aggressive drill campaign this summer."
In addition to this target, Dynamite also intends to evaluate the potential of other high grade gold and Skarn Ridge type targets elsewhere on the property. The Company plans to drill approximately 1,100 metres on these Skarn Ridge type targets.
Dynamite is budgeted to spend $5.8 million and intends to drill approximately 48 holes. The drill program will be completed in three phases commencing in mid June.
The property, located in the prospective Tintina Gold Belt, is 25 km north of the former Brewery Creek gold mine and 70 km northeast of the world famous Klondike Goldfields.
The company's address is 65 Queen Street West, 8th Floor, Toronto, ON M5H 2M5, 416-861-2260, fax: 416-861-8165.