An anonymous director reports

DYNACOR REPORTS MONTHLY RECORD GOLD PRODUCTION OF OVER 12,000 AUEQ OUNCES AND SALES OF US$21.6 MILLION (C$29.1 MILLION) FOR AUGUST 2023

Dynacor Group Inc. has achieved its best-ever monthly gold production, with a record 12,046 ounces of gold equivalent, and generated gold sales of $21.6-million (U.S.) ($29.1-million (Canadian)) (unaudited) for August, 2023, compared with $17.3-million (U.S.) ($22.4-million (Canadian)) in August, 2022, an increase of $4.3-million (U.S.) or 24.9 per cent over last year.

The sales increase versus August of last year is due to increased sales volume (plus 14.5 per cent) and increased sales price (plus 10.4 per cent).

In August, the average selling price of gold was $1,912 (U.S.) per ounce, compared with $1,749 (U.S.) per ounce in August, 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.

The 2023 cumulative sales at the end of August amounted to $165.3-million (U.S.), compared with $135.6-million (U.S.) for the same period of 2022, a 21.9-per-cent increase. The average selling price of gold at the end of August, 2023, was $1,925 (U.S.) per oz, compared with $1,839 (U.S.) per oz in 2022.

During August, 2023, the Veta Dorada plant processed a record of 15,010 tonnes (cumulative year to date of 112,329 tonnes).

About Dynacor Group Inc.

Dynacor Group 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 environmentally responsible 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 the company's customer and strategic partner for this PX Impact gold. The premium provides direct investment to develop health and education projects for artisanal and small-scale miner communities.

We seek Safe Harbor.