An anonymous director reports

DYNACOR REPORTS SALES OF US$17.3 MILLION (C$22.4 MILLION) FOR AUGUST 2022

Dynacor Group Inc. had gold sales of $17.3-million (U.S.) (unaudited) ($22.4-million) for August, 2022, compared with $20.1-million (U.S.) ($25.3-million) in August, 2021, a decrease of $2.8-million (U.S.) or 13.9 per cent over last year.

The average selling price of gold in August, 2022, was $1,749 (U.S.) per ounce, compared with $1,770 (U.S.) per oz last year.

The 2022 cumulative sales at the end of August amounted to $135.6-million (U.S.), compared with $119.8-million (U.S.) for the same period of 2021, a 13.2-per-cent increase. The yearly average selling price of gold at the end of August, 2022, was $1,839 (U.S.) per oz compared with $1,798 (U.S.) per oz in 2021.

For 2022, the corporation forecasted sales in the range of $200-million (U.S.) to $220-million (U.S.) based on a year opening $1,800 (U.S.) per ounce average gold price.

About Dynacor Group Inc.

Dynacor is a dividend-paying industrial gold ore processor headquartered in Montreal, Canada. The corporation is engaged in gold production through the processing of ore purchased from the ASM (artisanal and small-scale mining) industry. At present, Dynacor operates in Peru, where its management and processing teams have decades of experience working with ASM miners. It also owns a gold exploration property (Tumipampa) in the Apurimac department.

The corporation intends to expand its processing operations in other jurisdictions as well.

Dynacor produces environmental and socially responsible gold through its PX Impact gold program. A growing number of supportive firms from the fine luxury jewellery, watchmaker and investment sectors pay a small premium to Dynacor's customer and strategic partner for this PX Impact gold. The premium provides direct investment to develop health and education projects for the company's artisanal and small-scale miner communities.

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