Mr. Dale Nejmeldeen reports

DYNACOR REPORTS SALES OF US$26.9 MILLION FOR JANUARY 2024

Dynacor Group Inc. had recorded unaudited gold sales of $26.9-million (U.S.) ($36.1-million) for January, 2024, compared with $8.6-million (U.S.) ($11.5-million) in January, 2023, as the plant continued running at full capacity, processing 15,000 tonnes.

Sales increase of $18.3-million (U.S.) compared with January of last year is due to increases in sales volumes (plus $16.3-million (U.S.)) and in sales prices (plus $2-million (U.S.)). In January of last year, due to the political unrest situation, the corporation had decided, from Jan. 16, to postpone all exports until February, 2023. Additionally, due to a last-minute flight cancellation, the last prepared 2023 export was postponed in the new year and consequently is included in the January, 2024, sales.

In January, the average selling price of gold was $2,030 (U.S.) per ounce, compared with $1,883 (U.S.) per ounce last year.

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.