Mr. Jean Martineau reports

DYNACOR DECLARES AUGUST 2023 DIVIDEND

Dynacor Group Inc. has declared its monthly dividend for August, 2023. The declaration of a dividend payment of one cent per common share will be payable on Aug. 17, 2023, to shareholders of record as of the close of business on Aug. 10, 2023. This dividend represents the 41st dividend and 31st monthly payment made to shareholders.

The corporation's monthly dividend qualifies as an eligible dividend for Canadian income tax purposes.

The payment and increase of dividends are at the discretion of the board and will depend on the corporation's financial results, cash requirements, prospects and other factors deemed relevant by the board.

Annual meeting voting results

Dynacor further announces the voting results at the shareholders' meeting which was held on June 20, 2023.

2. Appointment of Raymond Chabot Grant Thornton LLP, chartered professional accountants, as auditor of Dynacor Group.

Raymond Chabot Grant Thornton LLP, chartered professional accountants, was appointed auditor of Dynacor Group for the current year and the directors were authorized to fix their remuneration, by show of hands.

3. Amendments to the stock option plan of Dynacor Group

The amendments to the stock option plan of Dynacor Group to introduce a cashless exercise mechanism and a net exercise mechanism for the options and to remove a reference to the addition of a cashless exercise feature from the section to the amendment to the stock option plan was approved by a show of hands.

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.

We seek Safe Harbor.