GOLD DYNAMICS SIGNS AGREEMENT TO ACQUIRE AND DEVELOP SANTIAGO GOLD PROPERTY

GOLD DYNAMICS SIGNS AGREEMENT TO ACQUIRE AND DEVELOP SANTIAGO GOLD PROPERTY

PR Newswire

LAS VEGAS, July 8, 2011 /PRNewswire/ – Gold Dynamics Corp. (OTCBB:GLDN) (“Gold
Dynamics” or the “Company”) is delighted to announce the signing of a
definitive agreement for the acquisition of the Santiago Gold Property
with Artemio Terrazas Arredondo and Norma Velazquez Jurgeit
(collectively referred to as the “Vendors”) that formalizes the terms
that were previously outlined in a letter of intent (see news release
dated June 15, 2011).

The agreement provides Gold Dynamics with an option to earn a 100%
interest in the property from the Vendors. Under the terms of the
agreement, Gold Dynamics will be required to make cash payments of
$435,000 over a two year period and commence a work program that would
also incorporate a diamond drill program. The Vendors will retain a 2%
net smelter return interest (NSR) on the property. Gold Dynamics can
purchase 1% of the NSR for 700 ounces of gold or its equivalent in
United States dollars.

“We are very pleased to have finally concluded negotiations to
conditionally acquire the Santiago Gold Property” stated Mr. Tie Ming
Li
, President of Gold Dynamics. “The Santiago Gold Property has great
opportunities for exploration and production of gold which is currently
high and increasing in demand on world markets. This first acquisition
is in line with our long term development.”

For a full account of Gold Dynamics Corp. corporate objectives and
contact information, please visit the website at www.golddynamics.com

ABOUT GOLD DYNAMICS CORP.

Gold Dynamics Corp. is an emerging precious metals explorer focused on
underexplored regions of the world that is seeking to grow shareholder
value by building gold and silver mineral resources through systematic
exploration. The Company has brought together a highly experienced
board and management team consisting of capable professionals with
significant development and mine management experience.

Gold Dynamics Corp. seeks to identify, acquire, and develop deposits
which have the potential to be world class and in an acceptable risk
environment. Social responsibility and environmental stewardship are
core values of the Company.

Forward-Looking Statements

This current report contains “forward-looking statements,” as that term
is defined in Section 27A of the United States Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934. Statements in
this press release which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future, or the generation of
positive cash flow as a result, updating of the corporate website or
the availability of an independent geological report outlining the
leases, their production, and their potential.

Actual results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among others,
the inherent uncertainties associated with mineral exploration and
difficulties associated with obtaining financing on acceptable terms.
We are not in control of gold prices and these could vary to make
development uneconomic. These forward-looking statements are made as of
the date of this news release, and we assume no obligation to update
the forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that the beliefs, plans, expectations
and intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all of
the information set forth herein and should also refer to the risk
factors disclosure outlined in our most recent annual report for our
last fiscal year, our quarterly reports, and other periodic reports
filed from time-to-time with the Securities and Exchange Commission.

For more information please call 949-419-6588

SOURCE Gold Dynamics

Be the first to comment

Leave a Reply