An anonymous director reports

BOLSTERED ORE PURCHASES DRIVES DYNACOR TO MONTHLY SALES OF US$23.9 MILLION (C$31.8 MILLION) FOR JUNE 2023, A MONTHLY RECORD GOLD PRODUCTION OF OVER 11,600 AUEQ OUNCES AND QUARTERLY SALES HIGH OF US$64.5 MILLION IN Q2-2023

Dynacor Group Inc. had monthly sales of $23.9-million (U.S.), historical highs monthly gold production of 11,619 gold equivalent ounces and quarterly sales of $64.5-million (U.S.).

For June, 2023, gold sales amounted to $23.9-million (U.S.) ($31.8-million) (unaudited), compared with $16.8-million (U.S.) ($21.5-million) in June, 2022, an increase of $7.1-million (U.S.), or 42.3 per cent, over last year. This sales increase is due to an increase in sales volume (positive 34.5 per cent) and an increase in sales price (positive 7.7 per cent).

In June, the average selling price of gold was $1,933 (U.S.) per ounce, compared with $1,829 (U.S.) per ounce in June, 2022.

The month-to-month sales increased by $2.4-million (U.S.) ($2.7-million), or 11.2 per cent, over May, 2023.

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.

The 2023 cumulative sales at the end of June amounted to a historical high of $121.2-million (U.S.), compared with $104-million (U.S.) for the same period of 2022, a 16.5-per-cent increase. The average selling price of gold at the end of June, 2023, was $1,923 (U.S.) per ounce, compared with $1,870 (U.S.) per ounce in 2022.

Note: Sales are converted using the monthly average exchange rate.

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 the company'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.

Dynacor is listed on the Toronto Stock Exchange (under the symbol DNG).

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