Ms. Ruth Hanna reports

DYNACOR GROUP REPORTS RECORD SALES IN FIRST QUARTER OF 2025

Dynacor Group Inc. had unaudited gold sales of $28.8-million in March and record quarterly sales of $80.0-million. All figures are in U.S. dollars unless otherwise indicated.

Monthly highlights:

• Gold sales reached $28.8-million ($41.3-million (1) (Canadian)) in March, 2025, compared with $20.7-million ($28.0-million (Canadian)) in March, 2024. This represents the second-highest monthly sales in the corporation's history.
• The increase in sales of $8.1-million or 39.1 per cent versus March, 2024, results from an increase in the sales price (38.6 per cent) and in the volume (0.5 per cent).
• In March, the selling price of gold averaged $3,020 per ounce, compared with $2,187 per ounce, a 38.0-per-cent increase over March, 2024.
• The Veta Dorada plant operated at full capacity, processing 15,000 tonnes of ore as per last year.

Year-to-date highlights:

• Cumulative gold sales reached $80.0-million at the end of March, 2025, compared with $67.7-million for the same period of 2024, a $12.3-million increase or 18.2 per cent.
• In 2025, the selling price of gold averaged $2,878 per ounce, compared with $2,074 per ounce in 2024, a 38.7-per-cent increase.
• The corporation is on target to meet its annual sales guidance of between $345-million and $375-million.

The corporation will release its first quarter 2025 financial results on May 15, 2025.

About Dynacor Group Inc.

Dynacor Group is an industrial ore processing company dedicated to producing gold sourced from artisanal miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply chain with stringent traceability and audit standards for the fast-growing artisanal mining industry. By focusing on fully and part-formalized miners, the Canadian company offers a win-win approach for governments and miners globally. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru. The corporation plans to expand to West Africa and within Latin America.

The premium paid by luxury jewellers for Dynacor's PX Impact gold goes to Fidamar Foundation, a non-governmental organization that mainly invests in health and education projects for artisanal mining communities in Peru.

(1) Sales are converted using the average monthly exchange rate.

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