An anonymous director reports

DYNACOR REPORTS MONTHLY RECORD GOLD PRODUCTION OF OVER 11,000 AUEQ OUNCES AND SALES OF US$21.5 MILLION (C$29.1 MILLION) FOR MAY 2023

Dynacor Group Inc. had its best-ever monthly gold production, with a record 11,114 AuEq (gold equivalent) ounces, and generated gold sales of $21.5-million (U.S.) ($29.1-million (Canadian)) (unaudited) for May, 2023, the third-highest month in the corporation history, compared with $19.5-million (U.S.) ($25.1-million (Canadian)) in May, 2022, an increase of $2-million (U.S.) or 10.3 per cent over last year.

Sales increase versus May of last year is due to increase sales volume (plus 2.6 per cent) and increased sales price (plus 7.7 per cent). Month-to-month increase of $2.4-million (U.S.) ($3.3 million (Canadian)) is a 12.6-per-cent increase over April, 2023.

In May, the average selling price of gold was $1,980 (U.S.) per ounce, compared with $1,845 (U.S.) per ounce in May, 2022.

The 2023 cumulative sales at the end of May amounted to $97.3-million (U.S.), compared with $87.2-million (U.S.) for the same period of 2022, an 11.6-per-cent increase. The average selling price of gold at the end of May, 2023, was $1,921 (U.S.) per ounce compared with $1,879 (U.S.) per ounce in 2022.

For 2023, the corporation forecasted sales in the range of $210-million (U.S.) to $235-million (U.S.), based on an average gold price between $1,800 (U.S.) and $1,900 (U.S.) per ounce.

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, watchmakers 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's communities.

We seek Safe Harbor.